Last week, Bitcoin surged past the $44,000 level but started to decline once it reached the $45,000 resistance point. According to CryptoQuant analysts, profit realization by short-term and 6-18 month investors may cause BTC to lose value.
According to on-chain data analysis by CryptoQuant analyst Yonsei, short-term investors began to realize their profits during the period when BTC exceeded the $40,000 resistance. This is confirmed by the increase in the Bitcoin Money Days (CDD) measurement.
An increase in CDD indicates that BTC that has been stored in large amounts or for a long period of time has been spent. A similar CDD increase was observed during the rally in early December. These movements show that most BTC holders are profitable and the ratio of output profit spent has been above one for a long time.
While short-term investors sold their BTC for high profits, some long-term investors who had owned BTC for more than six months also sold when the price was around $44,000. But other long-term investors are refusing to sell, expecting higher prices.
According to CryptoQuant's report, the selling pressure of Bitcoin miners and whales is felt in the markets. Miners sold at high profits when Bitcoin rose to $44,000. Bitcoin is currently trading around $41,000, which represents a decline of around 6% from its high of $44,180.
YOU SHOULD LOOK AT IT AND READ IT IMMEDIATELY. AMAZING USERS OF BINANCE AND MY PRECIOUS FAMILY; AN INCREDIBLY BIG AND MAGNIFICENT COMPETITION HAS STARTED. PARTICIPATION IN THIS COMPETITION IS COMPLETELY FREE. WHAT I HAVE TO SAY IS VERY IMPORTANT.
YOU KNOW! I HAVE ALWAYS BEEN BY YOUR SIDE UNTIL TODAY. I DID EVERYTHING I COULD TO ENSURE THAT YOU DON'T LOSE. I AM TRYING TO MAKE MONEY. THIS IS ONE OF THE BIGGEST OPPORTUNITIES EVER COMING TO US. NOW I WILL EXPLAIN IT TO YOU IN DETAILED AND CLEAR.
First of all, the prize of the competition is exactly 2 million USDT, as seen in the picture I shared below. That is, close to 60 million liras. I can tell you 60 trillion with our old money. An incredibly big and magnificent competition has begun.
So how do we benefit from this award?
To benefit from this award, you must be in a team and I created this team for you. You can check my team's link --> HERE.
The more people there are in a team, the greater reward we will benefit from. Of course, by opening a transaction. My brothers and sisters who open futures transactions, as a team, we will be able to benefit from rewards both for the transactions you open and for the transactions opened by our team, in the form of total PNL, that is, transaction volume and income.
If you look at it as Türk Square; We are almost the largest in Turkey. So I hope we will win the majority of the prize. Meanwhile, the reward will be shared among everyone in the team. Having you on this team means we can benefit from the grand prize.
You don't have to pay anything to participate. If you are a user who opens a transaction; You should join my team. Because we turned on the judgment mode. We will receive this award. We don't leave it to anyone.
As you can see on the screen, there are less than 11 days left for the competition to end and the time is running out. Join My Team Now. After joining, you can continue your transactions without doing anything. So, to get an award from this competition, all you have to do is join my team. I believe we will succeed. We are a very big family. My brothers and sisters who see me for the first time can also participate.
THERE IS A VERY IMPORTANT DETAIL. LET'S NOT MISS IT.
My brothers who have not opened futures transactions cannot participate in the competition. You need to activate futures transactions. You will do it like this:
You must enter futures transactions and click on OPEN FUTURES ACCOUNT. If this section is not available; When you press the Buy or Sell section, it will ask for a reference code. Enter my reference code 88623008. This code will allow you to receive commission discounts from your transactions and receive rewards from all future competitions. Afterwards, you will be presented with a test. You can pass this test by trial and error. So even if the option you choose is wrong, you can continue and finish the test by choosing the correct one. Afterwards, you will open futures transactions. This is how you can start your transactions and benefit from the great reward.
Let's roll up our sleeves to get the reward before it's too late. Finally, I say it again. BY THE WAY, I SAY TO ADD YOUR CLOSE FRIENDS TO MY TEAM. YOU CAN MAKE THEM BENEFIT FROM THE REWARD TOO.
You can join my team from the section I show BELOW.
--> CLICK HERE TO JOIN MY TEAM <--
MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.
