Av NewsBTC - 1 år sedan - Lästid: 3 minuter
Bitcoin Gruvarbetare känner värmen, mer säljtryck kan vara nära förestående
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?
När det gäller detta skrivande, 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.
BTC:s pris rör sig i sidled på det dagliga diagrammet. Källa: 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.
Fed-ordförande Jerome Powell antydde att penningpolitiken skulle dämpas, men denna möjlighet kan bli mindre trolig. Nyligen robust amerikansk ekonomisk statistik kan ge stöd för ytterligare räntehöjningar.
Marknaden prissätter ytterligare 75 räntepunkter (bps) höjning för december. Förutom Feds åtstramning bidrar kriget mellan Ryssland och Ukraina till marknadens osäkerhet. Konflikten tar ett steg tillbaka i de vanliga mediarubrikerna, men fientligheterna eskalerar.
#RussiaPutin säger att hotet om kärnvapenkrig ökar. Putin säger att Ryssland betraktar kärnvapen som ett svar på en attack. Säger att Rysslands kärnvapen är en avskräckande faktor i konflikter. pic.twitter.com/5RMIC7UK6A
- Holger Zschaepitz (@Schuldensuehner) December 7, 2022
På den lokala scenen delas data från CryptoQuant med NewsBTC från den senaste Bitfinex rapport 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 ConsiderFörutom kämpande gruvarbetare ser marknaden BTC-innehavare sälja sina mynt med förlust. Spent-Out Profit Ratio (SOPR)-indikatorn står över ett, vilket betyder att investerare kapitulerar och tar ut pengar på grund av de nuvarande makroförhållandena.
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.
Källa: Glassnode via BitfinexUrsprunglig källa: NewsBTC