De NewsBTC - acum 1 an - Timp de citire: 3 minute
Bitcoin Miners Feel The Heat, More Selling Pressure Might Be Imminent
Bitcoin is still stuck in a tight range as market sentiment declines from optimistic to bearish and market participants brace for a possible impact. The cryptocurrency was thriving on the possibility of a positive change in the macroeconomic landscape. Did bulls rush into a trap?
De la această scriere, Bitcoin (BTC) trades at $16,800 with sideways movement in the last 24 hours. In the previous week, the cryptocurrency is holding onto some profits, but there is a chance the bullish trajectory will retrace back to the yearly lows.
Prețul BTC se mișcă lateral pe graficul zilnic. Sursă: BTCUSDT TradingviewBitcoin Miners Will Contribute With The Downside Price Action?
On the macro scene, the U.S. Federal Reserve (Fed) is the biggest hurdle for future Bitcoin profits. The financial institution is trying to bring inflation down by hiking interest rates. This monetary policy has harmed risk-on assets.
Președintele Fed, Jerome Powell, a sugerat moderarea politicii monetare, dar această posibilitate ar putea deveni mai puțin probabilă. Datele economice robuste recente din SUA ar putea oferi sprijin pentru noi creșteri ale ratei dobânzii.
Piața stabilește o altă creștere de 75 de puncte de bază (bps) pentru decembrie. Pe lângă înăsprirea Fed, războiul dintre Rusia și Ucraina se adaugă la incertitudinea pieței. Conflictul face un pas înapoi în titlurile mass-media de masă, dar ostilitățile escaladează.
#RusiaPutin spune că amenințarea cu războiul nuclear este în creștere. Putin spune că Rusia consideră armele nucleare un răspuns la un atac. Susține că armele nucleare ale Rusiei sunt un factor de descurajare în conflicte. pic.twitter.com/5RMIc7UK6A
- Holger Zschaepitz (@Schuldensuehner) December 7, 2022
Pe scena locală, datele de la CryptoQuant au fost partajate cu NewsBTC din cele mai recente Bitfinex raportează indicates that BTC miners are “moving a large amount of Bitcoin out of their wallets.” These transactions are often bearish indicators for the cryptocurrency.
Miners take out BTC to sell in the market and cover their operations costs. This selling contributes to BTC’s bearish pressure. Bitfinex noted the following while sharing the chart below:
On the other hand, when the value of the indicator decreases, this indicates that miners are withdrawing coins from their wallets. Such a trend could be bearish for Bitcoin since the miners could be transferring their coins out of their wallets in order to sell them on exchanges. BTC exchange inflows have also increased slightly over the past week after declining significantly over the few weeks prior to that.
Source: CryptoQuant via Bitfinex Alpha Other Factors To ConsiderPe lângă mineri care se luptă, piața vede deținătorii de BTC vânzând monedele în pierdere. Indicatorul Spent-Out Profit Ratio (SOPR) este peste unu, ceea ce înseamnă că investitorii capitulează și încasează din cauza condițiilor macro actuale.
Bitfinex highlighted increased retail investors holding BTC as a positive takeaway from this data. These investors are adding to their balance while the price trends to the downside. These investor classes, the report claims, are “resilient in the face of price drawdowns” and could finally put a bottom in the BTC price.
Source: Glassnode via BitfinexSursă originală: NewsBTC