Stanley_Dewel
Não faço Day Trade, compro BTC para me proteger.
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Assets don't just go up, they don't just go down! In the last publication I posted they said that BTC never returned to the same price, and here we are seeing $BTC Returned to 91K today. Opportunity or not?
Cointelegraph
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Bitcoin $92K price correction triggered by long-term hodlers, not ETFs
Bitcoin’s recent price drop is being attributed to long-term holders rather than institutional investors, despite initial speculation to the contrary.
Bitcoin (BTC) price fell over 5.6% in the past 24 hours to trade at $92,774 as of 8:52 am UTC on Nov. 26, Cointelegraph data shows.
BTC/USD, 1-month chart. Source: Cointelegraph
However, it wasn’t the institutions or exchange-traded funds (ETFs) that caused Bitcoin’s price decline, as the data points to long-term holders, also known as hodlers, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
The analyst wrote in a Nov. 25 X post:
“I see a lot of CT baffled/frustrated as to how Saylor can buy $5b of BTC but price doesn’t move up - which is same thing I hear sometimes about ETFs after big flows. Here’s data showing what I’ve long been saying: the call is coming from inside the house, it’s long-term hodlers.”
The correction comes shortly after Bitcoin recorded its biggest monthly candle in history as it breached $99,000 on Nov. 22 for the first time. Some analysts still expect Bitcoin to breach the $100,000 record high before the end of the month.
Bitcoin hodlers caused BTC correction to $92,000: Data
Onchain data reveals that ETF flows haven’t been the primary causes of sell pressure for Bitcoin.
Moreover, the ETFs have absorbed a significant amount of selling pressure, which came from long-term holders, crypto trader and technical analyst Kyle du Plessis wrote in a Nov. 24 X post:
“Long-term Bitcoin holders sold 128K $BTC, but U.S. spot ETFs absorbed 90% of the selling pressure. Strong institutional demand is fueling BTC’s rally, bringing it closer to the $100K milestone.”
Bitcoin: Long-term holders and US spot ETF balances position change. Source: Kyledoops
However, the correction could be beneficial for the sustainability of the current Bitcoin rally, considering the growing leverage in crypto markets.
On Nov. 12, Kris Marszalek, the co-founder and CEO of Crypto.com, warned that the crypto market will need deleveraging before Bitcoin can breach $100,000.
Bitcoin: Estimated leverage ratio, all exchanges. Source: CryptoQuant
However, the correction didn’t trigger an immediate deleveraging. Bitcoin’s estimated leverage ratio across all cryptocurrency exchanges stood at 0.24, which marks a high last seen in August 2023, CryptoQuant data shows.
Why a Trump Presidency Could Spark an “Altcoin Explosion.” Source: YouTube
Magazine: Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame
Bitcoin (BTC) price fell over 5.6% in the past 24 hours to trade at $92,774 as of 8:52 am UTC on Nov. 26, Cointelegraph data shows.
BTC/USD, 1-month chart. Source: Cointelegraph
However, it wasn’t the institutions or exchange-traded funds (ETFs) that caused Bitcoin’s price decline, as the data points to long-term holders, also known as hodlers, according to Eric Balchunas, a senior ETF analyst at Bloomberg.
The analyst wrote in a Nov. 25 X post:
“I see a lot of CT baffled/frustrated as to how Saylor can buy $5b of BTC but price doesn’t move up - which is same thing I hear sometimes about ETFs after big flows. Here’s data showing what I’ve long been saying: the call is coming from inside the house, it’s long-term hodlers.”
The correction comes shortly after Bitcoin recorded its biggest monthly candle in history as it breached $99,000 on Nov. 22 for the first time. Some analysts still expect Bitcoin to breach the $100,000 record high before the end of the month.
Bitcoin hodlers caused BTC correction to $92,000: Data
Onchain data reveals that ETF flows haven’t been the primary causes of sell pressure for Bitcoin.
Moreover, the ETFs have absorbed a significant amount of selling pressure, which came from long-term holders, crypto trader and technical analyst Kyle du Plessis wrote in a Nov. 24 X post:
“Long-term Bitcoin holders sold 128K $BTC, but U.S. spot ETFs absorbed 90% of the selling pressure. Strong institutional demand is fueling BTC’s rally, bringing it closer to the $100K milestone.”
Bitcoin: Long-term holders and US spot ETF balances position change. Source: Kyledoops
However, the correction could be beneficial for the sustainability of the current Bitcoin rally, considering the growing leverage in crypto markets.
On Nov. 12, Kris Marszalek, the co-founder and CEO of Crypto.com, warned that the crypto market will need deleveraging before Bitcoin can breach $100,000.
Bitcoin: Estimated leverage ratio, all exchanges. Source: CryptoQuant
However, the correction didn’t trigger an immediate deleveraging. Bitcoin’s estimated leverage ratio across all cryptocurrency exchanges stood at 0.24, which marks a high last seen in August 2023, CryptoQuant data shows.
Why a Trump Presidency Could Spark an “Altcoin Explosion.” Source: YouTube
Magazine: Bitcoin dominance will fall in 2025: Benjamin Cowen, X Hall of Flame
What made me change my opinion about the price of $BTC ? The fear and greed index. In my first post I said that it seemed like a fallacy to say that $BTC would fall, and in fact if we look at the numbers BTC rarely falls or leaves a good zone, right? But there are better times to buy than when everyone is keeping an eye on the asset in question... I watched a video on YouTube and saw this explanation: when the market has a high number of extreme greed then it is not the time to buy, when everyone says to buy, then it is not the time to buy! And that is what made me sell all my BTC, because the big question is, at some point there will be a little scare and everyone will start dumping their BTC and suddenly you see $BTC at a great price, ready! That's where you should buy your BTC #BTC🔥🔥🔥🔥🔥 #topcoin2024 But, of course, I really want BTC to reach 100K and I want to have enough BTC to be able to take advantage of this moment!
Hello the Crypto World, Or hello to the Crypto world lol
What can I expect from BTC from now until January? I've cleared my positions and left BTC, but I'm super excited to get back in, but now $BTC is at its all-time high. But what about January? Can I wait to enter in January, or can December still be profitable? #BTC100Ksoon #BTC☀️ #WORLDCOINS
What can I expect from BTC from now until January? I've cleared my positions and left BTC, but I'm super excited to get back in, but now $BTC is at its all-time high. But what about January? Can I wait to enter in January, or can December still be profitable? #BTC100Ksoon #BTC☀️ #WORLDCOINS
Hello friends, I made my largest investment in BTC when it was at US$:68,000.00. Today I come to announce that I am zeroing out my position in BTC. I leave this short period with a profit of 20% on the initial capital. I left too early because I hope that $BTC will have better prices in the future, so I can position myself long again. So yes, I am hoping that BTC will fall, hoping that the spotlight will turn to other assets so that I can get in again. We are at an all-time high, and the Dollar is not bad either, so for me any of the currencies is great!
$BTC Have a great day everyone! I recently did a poll where the question was how much you believe in technical analysis, and I'm here to give you my opinion!
The truth is that technical analysis is nothing more than a scam to get money out of people. They sell courses and hold workshops, but it's nothing more than a scam! The truth is that if you look at the trading history of a single candle, and you can choose any time you want, the price fluctuates in such a way that the candle serves only as an element to show that in a given period of time, the price varied between the opening and closing of the candle, nothing more. So if you are certain that technical analysis is useful for something, I can assure you that it is useless except for taking your money. Keep your eyes open, be careful with gurus and promises of quick gains, because they are just a deception! #BTC
The truth is that technical analysis is nothing more than a scam to get money out of people. They sell courses and hold workshops, but it's nothing more than a scam! The truth is that if you look at the trading history of a single candle, and you can choose any time you want, the price fluctuates in such a way that the candle serves only as an element to show that in a given period of time, the price varied between the opening and closing of the candle, nothing more. So if you are certain that technical analysis is useful for something, I can assure you that it is useless except for taking your money. Keep your eyes open, be careful with gurus and promises of quick gains, because they are just a deception! #BTC
Before the US Elections started, I bought R$60.00 in $BTC and, incredibly, since then, 90% of the posts here are saying that BTC will fall.
This really seems like a fallacy to me. Look at the $BTC chart and, with the exception of CRYPTO WINTER, it doesn't seem like BTC will fall to the point of disappointing anyone. For those who do Day Trade, in fact, they may even lose in the short term, but it seems to me that most of the posts on SQUARE are a way to cause panic. Nothing more than that!
My R$60.00 turned into R$90.00, a small profit for a new investor, but it could snowball in the future!
My expectations are high in relation to BTC, and if you are just starting out like me, be persistent! No one gets rich overnight, so stay focused!
Remember that cryptos are just an investment option. There are other investments that are also worth it, never put your hopes in just one thing. $BTC
This really seems like a fallacy to me. Look at the $BTC chart and, with the exception of CRYPTO WINTER, it doesn't seem like BTC will fall to the point of disappointing anyone. For those who do Day Trade, in fact, they may even lose in the short term, but it seems to me that most of the posts on SQUARE are a way to cause panic. Nothing more than that!
My R$60.00 turned into R$90.00, a small profit for a new investor, but it could snowball in the future!
My expectations are high in relation to BTC, and if you are just starting out like me, be persistent! No one gets rich overnight, so stay focused!
Remember that cryptos are just an investment option. There are other investments that are also worth it, never put your hopes in just one thing. $BTC
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