Analyst: BTC may face selling pressure, $1.7 billion of BTC transferred to the chain
The movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, an on-chain analyst says.
JinseFinanceThe movement of more than $1.7 billion in “dormant” Bitcoin could lead to downward pressure on Bitcoin in the coming weeks, an on-chain analyst says.
JinseFinanceThe sell-off triggered panic among investors, with market participants locking in actual losses of around $1.38 billion. In absolute terms, this was the 13th largest event in history in terms of U.S. dollars.
JinseFinanceBundestag member Joana Cotar strongly criticized the German government’s recent decision to sell off its massive BTC holdings.
JinseFinanceCritics believe that such large-scale liquidations by the government could have long-term negative effects on the stability of the Crypto asset market.
JinseFinanceGolden Finance launches the 2228th issue of the cryptocurrency and blockchain industry morning report "Golden Morning 8:00" to provide you with the latest and fastest digital currency and blockchain industry news.
JinseFinanceIt is reported that Michael Saylor sold 3,882 to 5,000 MicroStrategy shares on certain days before the SEC approved the Bitcoin spot ETF, earning more than $20 million.
JinseFinanceRetail investors are running out of excess funds. During the pandemic, the US government provided a substantial amount of fiscal stimulus to residents, boosting not only the economy but also directing a significant amount of funds into the financial markets, inflating bubbles in small-cap stocks and cryptocurrencies.
Coinlive The leading crypto, Bitcoin, is up by nearly 12% in two weeks, whereas Ethereum is up by almost 20%.
BeincryptoThe industry's "hodlers of last resort" have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows.
CointelegraphTether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether."
Cointelegraph