Bitcoin short-term investors capitulate under market pressures

2023-8-17 14:00

Quick Take

Bitcoin’s support level at $29k has recently been breached, leading to significant action from short-term investors.

Those who have held Bitcoin for less than 155 days have been observed to capitulate, transferring approximately 17k coins to exchanges at a loss. This activity has surged to one of the highest levels witnessed within the current year and has remained elevated for several months.

The heightened level of such activity suggests a noteworthy exhaustion of patience among these investors. This development not only underscores the volatile nature of Bitcoin but also signals a shifting investor sentiment in the face of sustained market pressures.

The past 24 hours have seen an upheaval in the Bitcoin market, with total liquidations exceeding $150 million, according to data from Coinglass. Notably, these liquidations were predominantly long positions.

STH to exchanges: (Source: Glassnode)

The post Bitcoin short-term investors capitulate under market pressures appeared first on CryptoSlate.

origin »

Bitcoin (BTC) на Currencies.ru

$ 91209.38 (+0.73%)
Объем 24H $60.068b
Изменеия 24h: 0.47 %, 7d: 5.63 %
Cегодня L: $90803.3 - H: $91209.38
Капитализация $1820.492b Rank 1
Цена в час новости $ 27840.85 (227.61%)

bitcoin short-term investors capitulate coins held loss

Источник: cryptoslate.com

bitcoin short-term → Результатов: 126


Фото:

Bitcoin Could Crash To $60,000 If This Support Gets Lost: CryptoQuant Head

On-chain data shows Bitcoin is approaching the “Realized Price” of the short-term holders, a retest of which has historically been important for BTC. Bitcoin Is Close To Seeing A Retest Of Short-Term Holder Cost Basis In a new post on X, CryptoQuant Head of Research Julio Moreno has discussed how BTC has recently been near the Realized Price of the short-term holders.

2024-6-18 07:00


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

SEC acknowledges filing for Canary Staked SEI ETF

The U. S. SEC has officially acknowledged a filing from Cboe BZX Exchange for the Canary Staked SEI ETF, marking the start of the review and public comment process for the first U. S. -listed SEI ETF.