Bitcoin Dips To Lowest Level Since Dec. 12 Before Bouncing As Buyers Hold $40k Threshold

Reeditado por Platón

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Bitcoin slumped to as low as $40,280 on Jan. 19, its lowest level since Dec. 12, 2023, before rebounding to $41,979 after four hours of consistent sell pressure that liquidated most long positions on major exchanges.

As of press time, Bitcoin traded at $41,609 after failing to breach $42,000. Meanwhile, long liquidations stood at roughly $30 million and made up 85% of all liquidations over the period, based on CoinGlass datos.

La mayoría de las principales criptomonedas saw similar price movements and are trading in the red for the day. However, the rebound from a crucial support level indicates resilience as investors continue to buy at that key price level.

Con $40,000

Bitcoin has held above the $40,000 threshold despite facing significant sell pressure over the past week after spot ETFs for the flagship cryptocurrency were aprobado on Jan. 10, resulting in a “sell the news” event.

La ETFs initially caused the price to surge to $49,000 before investors began taking profit on short-term positions, causing the price to dip back to levels seen in mid-December.

Initial speculation blamed the downward pressure on Escala de grises, dumping tens of thousands of its Bitcoin on the market. However, data shows that the nine new ETFs — led by BlackRock and Fidelity — have bought up more Bitcoin than GBTC objeto de dumping.

Según los datos disponibles, Escala de grises has sold roughly 60,000 Bitcoin since the ETF began trading, while the “Newborn Nine” have bought roughly 72,000 BTC over the same period. This means that the downward pressure is unrelated to the ETFs, as the newer issuers seem to be actively holding the $40,000 price line.

The nine newly issued spot Bitcoin ETFs are experiencing sustained interest from investors. BlackRock y Fidelidad ETF have already hit 1 millones de dólares in assets under management, equating to more than 25,000 BTC.

Las ballenas sacan provecho

Julio Moreno, jefe de investigación de Crypto Quant dijo las ventas provinieron principalmente de comerciantes a corto plazo que tomaron posiciones basadas específicamente en la aprobación del ETF para "comprar el rumor" y las ballenas Bitcoin obteniendo ganancias después de un año de ganancias.

Meanwhile, the dynamics between long-term and short-term Bitcoin investors are becoming increasingly distinct, as evidenced by recent market activities, according to CryptoSlate la investigación.

Se ha observado que los poseedores a largo plazo, generalmente aquellos que han mantenido Bitcoin durante más de 155 días, lo que incluye a las ballenas, mueven sus activos a bolsas para obtener ganancias. Esta tendencia surgió alrededor de julio de 2023, cuando el valor de Bitcoin experimentó una caída significativa de 30,000 dólares a 26,000 dólares.

Específicamente, el 17 y 18 de enero, estos inversores a largo plazo transfirieron aproximadamente 25,000 BTC, valorados en aproximadamente mil millones de dólares, a las bolsas, una medida interpretada como sacar provecho de sus inversiones sin sufrir pérdidas.

Por el contrario, los poseedores de Bitcoin a corto plazo, aquellos que mantienen sus inversiones durante menos de 155 días, han mostrado un patrón más errático. El 18 de enero, transfirieron una cantidad sustancial de Bitcoin, valorada en 2.4 millones de dólares, a bolsas con pérdidas.

Esto indica un mayor nivel de actividad entre estos inversores y menores ganancias. En particular, aquellos que esperaban aprovechar el aumento de Bitcoin a 49,000 dólares parecen haber ya retirado sus ganancias o están enfrentando pérdidas.