Crypto currency Bitcoin $112,252.08after a short -term rise at the weekend, he lost a significant value. The price dangled up to about $ 111,000 a day. On Friday, the price movement, which carries the price of $ 117,000, came after Jerome Powell, the FED President Jerome Powell, in September. Analysts that large wallets sell Bitcoin and their positions Ethereum 
$4,676.97He says that his orientation is effective in the decline.
Why is Bitcoin falling?
According to allegations shared in the social media platform X, only a single whale sold over 24,000 BTCs between 16-24 August. Whalewire CEO Jacob Kingonly 19D5J on the screenshots shared by 19D5J… Woz1C wallet made more than one BTC. It is seen. King noted that sales had a chained panic effect, a significant part of the funds shifted to Ethereum, 2 billion dollars of ETH purchase and $ 1.3 billion stinging.
However, Kronos Research CIO Vincent Liustressed that it is difficult to point out a single perpetrator as a cause of decline, and that movements are more likely to result from more than one whale or a high -balance stock exchange. Liu, Powell’ın speech after the sudden rise fed with weak liquidity, leverage and fresh catalyst does not come out of the acceleration of the price of BTC’s price went below critical levels, he said. Director of LVRG Research Nick Ruck The decline described the decline as a re -calibration in a market where uncertainties were predominant despite the dove tone.
Escape from Bitcoin to Ethereum
In recent weeks, some large wallets have been reducing Bitcoin and passing to Ethereum. According to Lookonchain, a whale used a portion of 100,784 BTCs in hand for 62,914 ETH purchases with rotation and opened a 135.265 ETH Long position. There is a similar picture on the corporate side. Spot in August Bitcoin ETFWhile limited entry-outlets are seen in their ‘s, Ethereum ETFrelatively strong entries were recorded.
Liu, “Ethereum ETFs Stinging approval on the horizon,” he said that the increase in stinging activity and Altcoins are waiting for relative superior performance, Ethereum can settle at the center of the stage, he said. Ruck’s high -consistency investors BTC He pointed out a tendency to sell ETH by selling and said that this trend was supported to increase the increase in the share of Ethereum in institutional reserves.
Moreover, the domination of Bitcoin on the market share front decreased from approximately 61 percent to 57.94 percent at the beginning of the month. Ethereum, last week on Friday $ 4,946 to renew the record after the record is currently traded around $ 4,712. Bitcoin in the short-middle term and Crypto Money MarketCritical macro data, including applications for use of unemployment rights to be announced on Thursday, are expected to affect prices.
According to CoinMarketcap data, Bitcoin was traded for $ 112.316 with a decrease of 2.12 percent in the last 24 hours. Ethereum In the same period, it decreased by 1.80 percent and changes hands for $ 4,683.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
