Bitcoin price soared over 2% in the last 24 hours, with the 1.67% rise coming in just an hour near 6 PM UTC on December 8. Since then, the BTC price tries to hold over $17k for an upside move. However, on-chain data indicates kitovi are still selling.
Bitcoin (BTC) Price Still Under Pressure
Ponašanje držanja kitova i trošenja može pomoći da se lako identifikuje ciklus Bitcoin tržišta. UTXO vrijednost opsega metrika ukazuje na to da je trend rasta cijena BTC-a često povezan s akumulacijom bitcoina od strane velikih vlasnika.
However, the on-chain data shows that whales continued to reduce their Bitcoin holdings since June 2022. After the Terra-LUNA crisis, Bitcoin whales have sold nearly 367k BTC. Also, the BTC price has declined continuously since June. Therefore, Bitcoin whales are still selling their BTC holdings, and Cijena bitkoina je pod pritiskom.
Traders must observe whales increasing their BTC holdings to confirm a Bitcoin rally.
Meanwhile, the on-chain data indicates that whales with 1k-10k BTC continued to liquidate their BTC holdings during the faza kapitulacije rudara until November. In fact, whales started accumulating Bitcoin but sold their BTC longs due to the collapse of kripto razmjena FTX.
An upward sustained price trend is typically accompanied by whales holding their bitcoins. However, almost 80% Bitcoin selloff since June came from whales. Thus, the market cycle shift may come with much lower whale spending.
BTC Price Fall Due to Miner Capitulation
While the uncertainty surrounding Bitcoin bottom is still there, on-chain predicts BTC price can bottom at $12.8k. Analysts such as Michael van de Poppe i "Vuk sa Wall Streeta" Jordan Belfort believe Bitcoin can rally if it crosses $18k, suggesting $16.5k as a critical support level.
Kao na primjer CoinMarketCap, Bitcoin price is currently trading at $17,208, up over 2% in the last 24 hours. The 24-hour low and high are $16,788 and $17,274, respectively.
Takođe pročitajte: Dolazni dump cijene Bitcoin (BTC)? Podaci na lancu otkrivaju dno
Predstavljeni sadržaj može sadržavati lično mišljenje autora i podložan je tržišnim uslovima. Istražite tržište prije nego što investirate u kriptovalute. Autor ili publikacija ne snosi nikakvu odgovornost za vaš lični finansijski gubitak.
Source: https://coingape.com/bitcoin-btc-price-prediction-on-chain-data-indicates-whales-still-selling/