Na NewsBTC - 1 tau ki muri - Wā Pānui: 2 meneti
Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens
te Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment. Market participants are more optimistic after BTC climbed 12% from the yearly lows, but the possibility of a sustainable rally is declining.
The sideways price action is affecting the sentiment in the market. As of this writing, Bitcoin (BTC) is trading at $16,800. Other cryptocurrencies in the top 10 by market cap display similar price action, with very few recording profits on these timeframes.
Ko te utu o te BTC ka neke taha i ia ra. Puna: BTCUSDT TradingviewBitcoin Whales Jump Ship, What This Means For BTC
Bitcoin has been moving in tandem with legacy financial markets since the end of 2021. The cryptocurrency is responding as a risk-on asset to the U.S. Federal Reserve (Fed) monetary policy. The financial institution is hiking interest rates to slow down inflation.
Ka rite ki te korero a NewsBTC, ko te whakaaro i roto i te maakete putea tuku iho he pakari me te pakari, me te tautoko i te huihuinga 12% BTC. Ko te whakaaro i roto i tenei waahanga i kaha ki te akiaki i te utu BTC ki runga i roto i te taiao kino.
Ko te tuarua o nga whakawhitinga crypto nui rawa atu i te ao, FTX, i hinga. Ko tenei huihuinga i whakaohooho i tetahi huihuinga hou i roto i te maakete crypto, e pana ana te BTC ki nga waahi hou. Heoi, ko nga moni e heke ana ki te pikinga ka hoki mai nga mate i runga i te akomanga rawa.
The bullish momentum is fading as the FTX debacle impacted crypto investors’ confidence in the nascent asset class. Analyst Ali Martinez shared recent data about Bitcoin whales. These investors are selling into the current BTC price action. Martinez said:
Bitcoin around 33 whales holding 1,000 to 100,000 $BTC have left the network, and these whales sold or redistributed around 20,000 $BTC in the last 96 hours.
BTC Tohorā ka maka ki roto i nga mahi utu o naianei. Puna: Santiment mā Ali Martinez i runga i TwitterI piki ake te hoko na te kaha o te tipu ohaoha i te United States. He nui ake te waahi o te Fed ki te haere tonu me tana kaupapa here ki te kaha te ohanga.
Ko nga raraunga taapiri mai i te umanga tātari Jarvis Labs e tohu ana ko te $16,550 me te $19,150 he mea nui. I te wa e mau tonu ana te koretake, ka whai waahi nga kaitakaro ki te whai hua mai i te pakarutanga pea.
These positions add liquidity below and above the Bitcoin price. The chart below shows that these levels hold the most extensive liquidity pools. Thus, if the market taps into them, whales can drive the price in a particular direction.
Ko te utu o te BTC me nga puna wai nui i te $16,550 me te $19,150. Puna: Jarvis Labs ma TwitterHei tauira, ka taea e te tohorā BTC te hoko tonu ki te tarai i te moni mo te $16,550; ka tangohia e tenei nekehanga te nuinga o nga tuunga huanga. Na, ka taea e te utu te ngana ki te tango i te pikinga ake o te moni ki te $19,150.
Kuputuhi taketake: NewsBTC