Causes $7.5 Billion Panic Selling
Bitcoin recently showed signs of the round top mode, which has decreased by 6.4 % in the past 24 hours. When BTC dropped to $ 91,000 within a day, this model was verified and caused panic sales.
Despite the market response, a key queue shows that this decline may be short -lived.
Bitcoin investor panic
In the past two days, the exchange of Bitcoin deposits has risen sharply, exceeding 80,000 BTCs, worth about $ 7.5 billion, and transferred to the exchange. Because investors seek liquidity during the market downturn, this growth is usually considered a sign of the upcoming sales.
But this big movement BTC can be simple It reflects the long -term transformation of panic sales rather than market emotions. In the period of uncertainty, investors tend to transfer assets to exchanges, but this behavior does not always indicate the continuous decoction trend.
Coins are destroyed (CDD) indicators, tracking the campaign of coins of long -term holders, which can understand market emotions. The peaks in CDD are usually related to market selling. Interestingly, despite this The sharp decline in Bitcoin To $ 91,000, the long -term holder (LTHS) is still largely not active.
This toughness indicates that LTHS has confidence in restoring, indicating that the market is short -term volatility It may not stop them. LTH’s non -activity indicates that they have maintained firmness, and this decline may be just temporary fragments, not the beginning of a long period of time.
BTC price prediction: delay decrease
Bitcoin has formed The round top pattern, but this may transition to anti -cup and processing pattern. At present, the driving force for losers is not as strong as possible. It provides BTC with the opportunity to rebound from a supporting bomb, the price is $ 93,625.
if Bitcoin successfully rebounded After returning to violation of $ 95,668, it may rise to $ 100,000. This will marked major recovery and may see the return of investors’ confidence. However, if the drop model continues, Bitcoin may drop further to $ 92,005 in the short term.
Successful violations of the $ 100,000 resistance will make the prospects invalid. This may trigger a rise to $ 105,000, which marks the recent loss recovery.
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