温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/ru/60819.html
点击访问原文链接

“Whales” are accelerating their sell-off of Bitcoin, but this still doesn’t qualify as a panic signal? | Bee Network

进入原网站 导航首页
“Whales” are accelerating their sell-off of Bitcoin, but this still doesn’t qualify as a panic signal? | Bee Network Login Актуальные новости Запуск мемов Агенты искусственного интеллекта DeSci TopChainExplorer Для Ньюби 100-кратное количество монет Игра "Пчелка Основные веб-сайты Must-Have APP Криптознаменитости DePIN Новички насущные Детектор-ловушка Основные инструменты Продвинутые веб-сайты Обмен Инструменты NFT Привет, Выйти Вселенная Web3 Игры DApp Пчелиный улей Растущая платформа AD Поиск Английский язык Монеты для пополнения запасов Вход в систему Скачать Web3 Uni Игры DApp Пчелиный улей AD дом•Анализ•“Whales” are accelerating their sell-off of Bitcoin, but this still doesn’t qualify as a panic signal? “Whales” are accelerating their sell-off of Bitcoin, but this still doesn’t qualify as a panic signal?Анализ3 минуты назадUpdateУайатт 15 732 Original source: Jinshi Data

Bitcoin fell below the key $100,000 mark last week, with recent selling by “whales” (investors holding large amounts of криптовалютаcurrency) and other long-term holders being a significant driver of the recent price weakness.

Most blockchain analytics firms define a “whale” as an individual or entity holding 1,000 or more bitcoins. While the identities of most “whales” remain unknown, blockchain data can still provide clues about their activities by tracking their cryptocurrency wallets.

Data shows that some “whales” have recently accelerated their Bitcoin selling. Some analysts say this phenomenon is noteworthy, but not necessarily a sign of panic. They point out that the recent selling may reflect steady profit-taking rather than panic selling, a pattern consistent with previous bull market cycles.

Martin Leinweber, head of digital asset research and strategy at РынокVector Indexes, said such sell-offs may reflect a “planned asset allocation.” “Some Bitcoin investors bought in when the price was in the single digits and have waited this long. Now there’s finally enough liquidity to sell without completely disrupting the market,” he told MarketWatch.

Despite recent complaints from cryptocurrency bulls about a lack of market liquidity, the ease of buying and selling Bitcoin has improved significantly compared to a decade ago.

However, analysts at blockchain analytics firm CryptoQuant say the recent sell-off by “whales” is worrying, coinciding with deteriorating market sentiment and a slowdown in buying, which could put further pressure on Bitcoin’s price. Dow Jones market data shows that the largest cryptocurrency briefly approached $19,400 on Friday, its lowest level since May 6.

Comparison between the past and present The sell-off of Bitcoin by long-term and large holders is not unique to the current cycle. Analysts at blockchain data platform Glassnode wrote in a recent report that there are signs that the recent sell-off is driven by profit-taking rather than panic.

Specifically, “whale” wallets that have held Bitcoin for more than seven years and sell more than 1,000 Bitcoins per hour exhibit a regular and steady selling behavior over a period of time (see the chart below, data as of last Thursday, November 13).

The selling behavior of “whales” exhibited a regular and uniform pattern over a period of time.

The significance of the $100,000 mark Meanwhile, Cory Klippsten, CEO of Swan Bitcoin, a financial services company focused on Bitcoin, and a long-term Bitcoin investor, said that the massive sell-off by “whales” over the past few months appears to be related to the $100,000 mark for Bitcoin—a level that many early adopters have long regarded as a psychological threshold for taking profits.

“Since entering this space in 2017, many early holders I’ve met have talked about the $100,000 figure,” Kripsten told MarketWatch. “For some reason, people always say they’ll sell some of their holdings at that price.”

Glassnode data shows that since Bitcoin first broke $100,000 in December 2024, selling by long-term holders has intensified.

Potential alarm signals However, CryptoQuant analysts wrote in a recent report that one changing factor is the market’s ability to absorb sell-offs. While long-term holders sold off Bitcoin at the end of last year and the beginning of this year, other buyers stepped in to support the price, but this situation appears to have shifted.

Investment product fund flows can reflect weak demand – Dow Jones market data shows that as of last Thursday, Bitcoin exchange-traded funds (ETFs) saw outflows of $311.3 million for the week, on track for the fifth consecutive week of outflows, the longest consecutive outflow period since the week ending March 14 (when there were five consecutive weeks of outflows).

Over the past five weeks, Bitcoin ETFs have seen a cumulative outflow of $2.6 billion, the largest five-week outflow since the week ending March 28 (when $3.3 billion flowed out).

Recent price movements have brought the $100,000 mark back into focus. As of press time, Bitcoin is still trading below this level. Some technical analysts suggest that the market’s failure to recover this key level could trigger further profit-taking.

To make matters worse, the overall macroeconomic environment is not favorable for risk assets. Joel Kruger, market strategist at LMAX Group, which operates a foreign exchange and cryptocurrency exchange, pointed out that this led to the liquidation of some long positions. “We believe that the market entered the fourth quarter with overly high expectations, stemming from seasonal trend analysis—historically, this period has performed exceptionally well,” Kruger wrote in a letter to MarketWatch.

Krueger points out that risk assets, including Bitcoin, are under renewed pressure as investors lower their expectations for a December rate cut by the Federal Reserve and weak labor market data fuels economic concerns.

Sellers are still increasing their holdings. Nevertheless, one of the largest known Bitcoin “whales” continues to buy.

Michael Saylor, chairman of software company Strategy Inc. (now widely regarded as a leveraged Bitcoin investment), said on CNBC last Friday that the company has been “accelerating” its Bitcoin purchases and will announce the details of its purchases on Monday morning.

As of last Friday, Strategy held over 640,000 bitcoins, representing more than 3% of the cryptocurrency’s current circulating supply of 19.9 million. A Strategy representative did not immediately respond to emails seeking comment.

Оригинальная ссылка

Эта статья взята из интернета: “Whales” are accelerating their sell-off of Bitcoin, but this still doesn’t qualify as a panic signal?Recommended Articles

Related: Soros predicts an AI bubble: We live in a self-fulfilling market. Original translation by: AididiaoJP, Foresight News How do financial markets, in turn, shape the reality they are supposed to measure? There is a world of difference between rational “knowing” and personal “understanding.” It’s like the difference between reading a physics textbook and watching MythBusters blow up a water heater. Textbooks will tell you that heating water in a closed system will generate hydraulic pressure due to the expansion of the water. You have read the text and understood the theory of phase transition physics. But MythBusters shows how stress can turn a water heater into a rocket, launching it 500 feet into the air. You only truly understood what a catastrophic steam explosion was after watching the video. Demonstration is often more powerful than storytelling. Last week, Brian Armstrong gave…

Анализ ## биткоин# crypto# defiОбмен #Рынок #© Copyright NoticeМассив Pre Lawyer CZ recounts the behind-the-scenes story of the "amnesty". Next OKX exchange launched an "in-house DEX," but what exactly did it do? Related articles Investment decision: Buy Bitcoin or Ethereum? 6086cf14eb90bc67ca4fc62b 30 543 5 Weekly Editor’s Picks (1018-1024) 6086cf14eb90bc67ca4fc62b 17 648 BitMart Weekly Market Report 11.03-11.09 6086cf14eb90bc67ca4fc62b 18 549 Research on the Cryptocurrency Marketing Ecosystem: Focusing on the Korean Market 6086cf14eb90bc67ca4fc62b 10 356 1 BNB reserve company WINT delists, “hoarding” strategy fails to cure all illsRecommended Articles 6086cf14eb90bc67ca4fc62b 23 791 1 Billions of capital poured in, predicting a panoramic view of the market 6086cf14eb90bc67ca4fc62b 17 101 Нет комментариев Вы должны войти в систему, чтобы оставить комментарий! Немедленно войдите в систему Нет комментариев... Последние статьи Did Jane Street “Manipulate” BTC? Decoding the AP System, Understanding the Power Struggle Behind ETF Creation and Redemption Pricing 15 часов назад 534 Stop Comparing Bitcoin to Gold—It’s Now a High-Volatility Software Stock 15 часов назад 639 Matrixport Research: $25 Billion Gamma Unwinding Imminent, Liquidity Yet to Return Behind the Rebound 15 часов назад 592 ERC-5564: Ethereum’s Stealth Era Has Arrived, Receiving Addresses No Longer ‘Exposed’ 15 часов назад 512 Hong Kong Regulatory Green Light: Asseto Enables DL Holdings to Achieve Compliance for Two RWA Business Implementations 15 часов назад 561 Популярные сайтыTempoLighterGAIBПланерПланкаRaylsBCPokerVooi Bee.com Крупнейший в мире портал Web3. Партнеры CoinCarp Binance CoinMarketCap CoinGecko Coinlive Доспехи Загрузите приложение Bee Network APP и начните путешествие по web3 Белая книга Роли ЧАСТО ЗАДАВАЕМЫЕ ВОПРОСЫ © 2021-2026. Все права защищены. Политика конфиденциальности | Условия предоставления услуг Скачать приложение Bee Network APP и начните путешествие по web3 Крупнейший в мире портал Web3 Партнеры CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Белая книга Роли ЧАСТО ЗАДАВАЕМЫЕ ВОПРОСЫ © 2021-2026. Все права защищены. Политика конфиденциальности | Условия предоставления услуг Поиск ПоискInSiteOnChainСоциальнаяНовости Hot to you: Охотники за воздухом Анализ данных Криптознаменитости Детектор-ловушка Русский English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский

智能索引记录