Bitcoin (BTC) $116,619.66After the 123 thousand dollars summit reached in mid -July, the following two weeks withdrawn to 112 thousand dollars in the 116 dollars of focused under the supply area. Glassnode data reveals that approximately 120,000 BTCs have changed hands and the lost support has not yet been reversed. The same data again Spot ETF‘s the hardest output after April, while the use of leverage decreases. Analysts point out that permanence under the threshold of 116 thousand dollars can reduce short -term investor confidence.
Short -term investor pressure is increasing in Bitcoin
Received one to three weeks ago BTCThe average cost of the s is around 116 thousand 900 dollars and this level is a resistance in front of the rise for the time being. The supply rate of the investor group in question decreased from 100 percent to 70 percent and landed in the typical medium cycle band. However, there is a risk of deeper sales to enlarge the unprofitable supply. GlassnodeBulundu As the correction deepens, the supply in the loss may increase and trust can gradually weaken ”.
While the price remains unsupported, it indicates the presence of a volume of 120 thousand BTC on 31 July on July 31. The market is still moving on an unstable line, and most of a possible wave of sales can come from short -term investors to profit purchase at the July summit. Therefore, a possible turn to 110 thousand dollars is among the short -term expectations.
While ETF outputs increase, leverage use decreases
In the USA on August 5 Spot Bitcoin ETF‘s thousand 500 BTC BTC output of the last three months of the hardest daily output was recorded. The negative picture brought by these four -day outputs returned to the reverse with a net entrance of $ 91.5 million on Wednesday. Blackrock, Bitwise And Grayscale With their ETFs, they undertook the majority of the demand. Nevertheless, analysts warn ETFs that a new wave of exit can hit.
On the other hand, the funding rate in the term transaction markets decreased below 0.10 percent. Derive.xyz The 30 -day option curve on its data has turned negatively and indicates that investors are protecting themselves against downward price movements. Glassnode summarizes neither a capitulation nor a strong recovery in the expectation of a strong recovery and the existing painting as ız indecision after the historical record ”.
CryptoappsyAccording to the data provided by Bitcoin while preparing the news in the last 24 hours with an increase of 2.14 percent of 116 thousand 455 dollars is traded. Donald Trump’s 401 (K) pension plans will pave the way for investing in alternative assets such as private capital, real estate and crypto currencies, despite this recovery, the price continues to move below the resistance of 116 thousand 900 dollars despite this recovery.
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.
