Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens

NewsBTC tomonidan - 1 yil oldin - O'qish vaqti: 2 daqiqa
8-yil 2022-dekabr, payshanba, 5:00

Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens

The 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. 

Bitcoin 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. 

NewsBTC xabar qilganidek, eski moliyaviy bozordagi kayfiyat baland va mustahkam edi va u 12% BTC mitingini qo'llab-quvvatladi. Ushbu sektordagi kayfiyat BTC narxini dushmanlik muhitida yuqoriga ko'tarish uchun etarlicha kuchli edi. 

Dunyodagi ikkinchi yirik kriptovalyuta birjasi FTX qulab tushdi. Ushbu voqea kripto bozorida yangi taslim bo'lish hodisasini keltirib chiqardi va BTCni yangi past darajaga ko'tardi. Biroq, yuqoriga ko'tarilgan qimmatli qog'ozlar yangi paydo bo'lgan aktivlar sinfidagi yo'qotishlarni qaytardi. 

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.

Amerika Qo'shma Shtatlaridagi kuchli iqtisodiy o'sish tufayli sotish oshdi. Iqtisodiyot barqaror bo'lsa, Fed o'zining qattiqlashuv siyosatini davom ettirish uchun ko'proq imkoniyatga ega. 

Jarvis Labs tahliliy firmasining qo'shimcha ma'lumotlari shuni ko'rsatadiki, 16,550 19,150 dollar va XNUMX XNUMX dollar juda muhim. Noaniqlik davom etar ekan, kaldıraç o'yinchilari potentsial buzilishdan foyda olish uchun pozitsiyalarni egallaydilar. 

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. 

Misol uchun, BTC kiti 16,550 19,150 dollar atrofida likvidlilikka erishish uchun sotishni davom ettirishi mumkin; bu harakat kaldıraç pozitsiyalarining ko'pini olib tashlaydi. Keyin narx yuqori likvidlikni taxminan XNUMX XNUMX dollarga olishga harakat qilishi mumkin. 

Asl manba: newsbtc