Bitcoin’s $69k Run Now Faced With Another Problem As BTC Bulls Build Floor For Next Bear Market

Avtor ZyCrypto - pred 2 leti - Čas branja: 2 minuti

Bitcoin’s $69k Run Now Faced With Another Problem As BTC Bulls Build Floor For Next Bear Market

Bitcoin recently fell from highs of $68K to $64K in a flash crash that caused worry for the assets investors.The cause of the blip in prices has been identified as the increase in BTC margined futures open interest and the market’s relationship with the dwindling stock markets.Bitcoin has reached an all-time high of $68,789 following the release of the CPI report.

Bitcoin investors felt unease following a sharp decline in prices of the asset from its recent highs. Several Bitcoin experts try to rationalize the price shakedown as it consolidates on its position.

Za to krivi marža in panika

Prejšnji teden Bitcoin shot through the clouds, inching its way closer to the moon and in the process, postavil najvišjo vrednost vseh časov pri 68,789 $. It achieved this increase after the Consumer Price Index showed that inflation had risen to 6.2% in October. Bitcoin didn’t stay long at the top and quickly fell by as much as 5% as prices plummeted to $64K, as analysts tried to rationalize the slump.

BTCUSD grafikon Z TradingView

Strokovnjak za onchain, Dylan LeClair, je v nedavnem tvitu dejal: "danes popoldne je prišlo do velikega povečanja odprtih obresti za maržo BTC (trgovci imajo dolge BTC z BTC kot zavarovanje). NI brezplačnega kosila – ti trgovci so v procesu iztrebljanja."

Others blamed it on the dwindling fortunes of the stock market as the weight of the CPI report began to sink in. “The S&P 500 and Nasdaq reacted badly to the announcement,” according to Juan Pellicer. He added that it most likely had a spillover effect into the cryptocurrency markets with Bitcoin being the most affected.

Verjame se, da Bitcoin’s jolt in prices after the release of the CPI report was an impulsive move triggered by retail traders. However, a closer look at the facts might indicate that the Federal Reserve might quickly introduce policies to mitigate the rising inflation, instilling a bit of caution amongst bulls.

Vrhovi

The recent blip in prices took the shine off the stellar run of several cryptocurrencies since the start of the month. Bitcoin surpassed $68K as it still reels from the euphoria of the approval of futures ETFs. There are reports that big players such as Grayscale are throwing in their hats for the approval of a bitcoin spot ETF.

El Salvador’s gains from Bitcoin’s incursion have been huge with the country adopting the strategy of “buying the dip.” As prices soared above $68K, President Nayib Bukele took to Twitter to announce his plans as profits trickled in.

"Bitcoin is at $68,000. More schools coming… By the way, Chivopets, the new vet hospital we just announced, is coming fast. Really fast!”

Kljub visokim vrednostim podatki o verigi iz Glassnode razkrivajo, da je BTC nevarno blizu ravni, ki so jo opazili na prejšnjih medvedjih trgih. "Dejavnost v verigi se okreva, čeprav zelo počasi, in zagotovo daleč pod zgodovinskimi primeri Hype in evforije, kot sta bila leta 2017 in Q1 2021."

Izvorni vir: ZyCrypto