Few Hours Ago, Market crashed. Bitcoin Dropped under $65,000 And Most of the Big Caps Drained By 20-30%. SmallCap & LowCaps Are Suffering 40-50% . Currently We know some Highlighted Reasons For Sudden Dump
1. Current Geo-political Issue in Middle-East
2. Bitcoin Dominance Hits All Time High
3. Market Liquidity Factor
But there're also some secret Reasons For the Dump. Let's Find Out.....
🅃🄴🄲🄷🄰🄽🄳🅃🄸🄿🅂123
🔅 Short-term Holders in Loss
The chart shows that the realized price of Bitcoin for short-term holders has been increasing since the beginning of 2022. This suggests that short-term holders are buying Bitcoin at increasingly higher prices. The profit/loss margin has also been increasing since the beginning of 2022, but it has started to decline in recent months. This suggests that short-term holders are starting to sell their Bitcoin at a loss.
The decline in the profit/loss margin could be a sign that short-term holders are becoming increasingly bearish on Bitcoin. It could also be a sign that short-term holders are taking profits after the recent rally in the price of Bitcoin.
🔆 Long-term Holders Large Ammount Distribution
The chart in the image shows a significant negative value, indicating that long-term holders are currently distributing a large amount of Bitcoin. This is the largest distribution since the market peak in 2021, according to the text on the chart. This could be a sign that long-term holders are losing confidence in the Bitcoin market and are selling their holdings.
⚡ Bullish Behaviour Of Long-term Holders : It is important to keep in mind that the recent distribution event comes after a period of strong accumulation by long-term holders. As reported by GlassNode, long-term holders had been adding to their Bitcoin holdings throughout 2023, even as prices fluctuated.
⚡ Overall sentiment shifting: The recent selling by long-term holders could be a sign that overall sentiment in the Bitcoin market is starting to shift. However, it is too early to say for sure.
©𝑻𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆 𝒊𝒔 𝒇𝒐𝒓 𝒊𝒏𝒇𝒐𝒓𝒎𝒂𝒕𝒊𝒐𝒏 𝒐𝒏𝒍𝒚 𝒂𝒏𝒅 𝒏𝒐𝒕 𝒂𝒏 𝒆𝒏𝒅𝒐𝒓𝒔𝒆𝒎𝒆𝒏𝒕 𝒐𝒇 𝒂𝒏𝒚 𝒑𝒓𝒐𝒋𝒆𝒄𝒕 𝒐𝒓 𝒆𝒏𝒕𝒊𝒕𝒚. 𝑻𝒉𝒆 𝒏𝒂𝒎𝒆𝒔 𝒎𝒆𝒏𝒕𝒊𝒐𝒏𝒆𝒅 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒕𝒐 𝒖𝒔. 𝑾𝒆 𝒂𝒓𝒆 𝒏𝒐𝒕 𝒍𝒊𝒂𝒃𝒍𝒆 𝒇𝒐𝒓 𝒂𝒏𝒚 𝒍𝒐𝒔𝒔𝒆𝒔 𝒇𝒓𝒐𝒎 𝒊𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈 𝒃𝒂𝒔𝒆𝒅 𝒐𝒏 𝒕𝒉𝒊𝒔 𝒂𝒓𝒕𝒊𝒄𝒍𝒆. 𝑻𝒉𝒊𝒔 𝒊𝒔 𝒏𝒐𝒕 𝒇𝒊𝒏𝒂𝒏𝒄𝒊𝒂𝒍 𝒂𝒅𝒗𝒊𝒄𝒆. 𝑻𝒉𝒊𝒔 𝒅𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓 𝒑𝒓𝒐𝒕𝒆𝒄𝒕𝒔 𝒃𝒐𝒕𝒉 𝒚𝒐𝒖 𝒂𝒏𝒅 𝒖𝒔.
⚡ 𝗠𝗼𝗿𝗲 𝗔𝗹𝗽𝗵𝗮, 𝗝𝗼𝗶𝗻 𝗨𝘀, 𝗙𝗼𝗹𝗹𝗼𝘄 𝗨𝘀, 𝗦𝗵𝗮𝗿𝗲 𝗨𝘀 ⚡ @Techandtips123
