🚨 Bitcoin Market Alert: Breaking below key moving averages, huge liquidation and ETF panic selling risks 🚨

Hey guys! Let's talk about the recent major news events in Bitcoin. 📰
 
Remember when Bitcoin broke through the 200-day moving average like a rocket last October? Since then, Bitcoin has never fallen back to this position.
 
However, in the past few weeks, the situation is a little different. The price of Bitcoin has slowly moved closer to the moving average, and in the past two days it has directly fallen below the 200-day moving average!
 
Now, with three days left before the end of this week, everyone is guessing whether Bitcoin can return to the bull market support line of $61,000 before the weekend.
 
Some people believe that this is a critical node position. Because if Bitcoin can stand firm on the bull market support line before the weekend close, the bull market story may continue. If not, does it mean that the market still faces an uncertain future?
CoinGlass data explosion hot map shows that in the past 24 hours, the market staged a "battle royale", and more than $676 million of Bitcoin long and short positions were forced to close, and the scene was quite bloody!

😱 At the same time, the price of Bitcoin also fell below the average purchase cost of spot ETFs, which may cause some institutional investors and ETF holders to start panic selling. If this panic selling behavior comes true, it will undoubtedly bring additional pressure and uncertainty to the market. 📉
 
Here is a reminder to everyone, in the face of such market fluctuations, you must avoid high-risk contracts and options transactions, let alone invest with money you can't afford to lose. These behaviors are extremely risky and must be treated with caution! 🚫

#比特币动态 #200天均线 #比特币爆仓 #比特币现货ETF #投资风险

📢 The US government's big bitcoin transfer, but don't panic!

👀 Yesterday, the US government transferred $590 million worth of bitcoin, almost 10,000 coins, to the Coinbase address, which triggered a panic sell-off in the market!

🔐In fact, these bitcoins were just sent to the Coinbase Prime custody wallet, which is a high-level custody service provided by Coinbase for big players. The US government may just want to keep or trade these bitcoins through Coinbase.

🤔Although some people initially worried that this would be a big sell-off, Ryan Lee, chief analyst at Bitget Research, said that this is unlikely. Because last month, the US Department of Justice had signed a custody agreement with Coinbase Prime to "protect and trade" these large digital assets together.

🐋Usually, the actions of big players will affect the price of Bitcoin. But even if this time it is the big player among the big Bitcoin players - the US government, analysts still believe that they are unlikely to be sold easily.

🏦 According to Lee, the US government may just want to find a safe place to store it, or do arbitrage trading through Coinbase. After all, Coinbase is the main custodian of US ETFs, and it is reasonable for the government to give Bitcoin to Coinbase for safekeeping.

💡Besides, if so many Bitcoins are really sold, the market will definitely fluctuate greatly. But judging from the current price, this possibility is very small.

🏛️ Although any whale or institution is free to act at any time. But before they act, they usually don't inform in advance. When you learn about such events through the news, the market may have already digested it, and it may just be the mainstream media cooperating with the hype of the market crash. Therefore, your own independent analysis and judgment are particularly critical.

🤷‍♂️ If you don't have your own strategy and plan, and blindly follow market news reports and information, then in the long run, you may become a victim of the market. Therefore, maintaining independent thinking and formulating a careful investment plan are important factors to ensure investment success.

💬What do you think of this Bitcoin transfer? How do you think the US government will deal with these Bitcoins?Let me know what you think in the comments!

#比特币动态 #美国政府 #CoinbasePrime

📢 Hot News: Bitcoin Bottom-fishing Campaign Last Week!

Hello everyone! 👋 Let's talk about the big moves in the cryptocurrency market last Friday. Last Friday, many investors tried to bottom-fish at the market low, which led to an inflow of $140 million in funds into the Bitcoin spot ETF on that day. 🤯

🤔 Some analysts believe that the plunge in the Bitcoin market last week may be related to the US Independence Day (July 4th) holiday, when market liquidity was low. Analysts believe that whales carried out market-smashing operations under low liquidity. However, as the US market reopened on Friday, Bitcoin ushered in an expected rebound of about 9%.

The data chart shows that the inflow of funds into the Bitcoin spot ETF on Friday was as high as $143 million. However, these data are usually lagging, and they reflect what has already happened in the market.

For example, when the market has already risen or fallen, market news begins to be widely reported. Therefore, we should only use the inflow and outflow data of Bitcoin ETFs as a reference, not the only basis for investment decisions.

Investing is not about following the trend, but a contest of wisdom. You should not be overly affected by market sentiment and avoid falling into the trap of FOMO (fear of missing out). ! 🧐

#比特币动态 #加密货币市场 #抄底策略 #资金流入 #市场反弹

🚀Bitcoin contract positions hit a record high, and the long-short ratio reveals market sentiment!

According to the latest data from Coinglass, the current open interest has reached 39.916 billion US dollars, setting a record high (ATH), and the long-short ratio has also shown significant differentiation. Below, let’s quickly analyze the current market trends:

1. The exchange’s BTC contract holdings surged:

- As of October 18, 2024, Bitcoin’s holdings reached a new high, exceeding $399 trillion, an increase of several times compared to the beginning of the year.

- Contract positions on major exchanges such as Binance, CME, OKX, Bybit, and Bitget have increased significantly in recent months, showing the market's strong interest in Bitcoin.

- This increase may reflect investors' expectations for rising Bitcoin prices and confidence in the long-term potential of the cryptocurrency market.

2. BTC long-short ratio market sentiment:

- The BTC long-short ratio chart shows that although the market has experienced some volatility in the short term, long investors still dominate.

- As of October 18, 2024, the long-short ratio of Bitcoin within 24 hours was 1.0542, indicating that market sentiment is relatively optimistic and investors are positive about the current price trend.

- Positive data on this ratio also suggests that the market overall remains bullish on Bitcoin despite the uncertainty.

In summary, exchange Bitcoin holdings data not only reveals some key current trends in the cryptocurrency market. At the same time, the signals of Bitcoin positions and long-short ratio also provide us with trend information for analysis and judgment, and give us reason to believe that the market is preparing for the next wave of growth. However, investors still need to remain cautious and pay close attention to possible negative developments in the market.

What do you think of these market signals? Will you continue to be bullish next, or stay on the sidelines? Come and leave your opinions in the comment area!

#比特币动态 #加密货币市场 #多空比分析 #比特币持仓量 #未平仓量

[Bitcoin price revelation] Short-term holders are losing money, where is the market going?

Hello everyone! Today we are going to talk about Bitcoin's "heartache line", which is the average cost price of short-term holders. 📊

Now this number (the average cost price of short-term holders) is about $64,000. The price of Bitcoin has risen since the day before yesterday, but the current price is still around $59,000, which means that many short-term investors are losing money now, with a loss rate of less than 10%. 😟$BTC
Historically, when the price of Bitcoin falls below this "heartache line", market sentiment is usually pessimistic. But if the price can rebound to this level or even exceed it, it means that the market is starting to strengthen. 🚀

So, the next point to watch is, what will happen when the price of Bitcoin approaches $64,000 again? Will it encounter resistance here and continue to fall, or will it break through this barrier and rise all the way? 🤔

This will also be the key to judging the next trend of Bitcoin, whether it is strong or weak. Short-term investors can only wait for the opportunity to change. After all, this is related to their short-term investment decisions, right? 💰

Don't forget that the market is always unpredictable, but paying attention to these key indicators can always help us better understand the future market development context.

So, let's keep an eye on the market and be ready to deal with every possibility brought by Bitcoin! 👀

#比特币动态 #短期持有者成本 #市场趋势 #投资观察

🔥 Sun Yuchen made big news again? Willing to buy German Bitcoin to stabilize the market! Real hype or fake purchase? 🔥

Let's talk about Sun Yuchen, the marketing tycoon in the cryptocurrency circle has come up with a new trick! 🌐

Recently, Sun Yuchen said on social media that he was willing to buy all the Bitcoin that the German government might sell through the over-the-counter market to minimize the potential impact of its sell-off on the market.

Having said that, let's not delve into the real motives of the German government for frequently transferring Bitcoin between the government and centralized exchanges. Just from Sun Yuchen's output of this wave of remarks, doesn't it look very domineering? 😎

But wait, don't rush to draw a conclusion. We know that Sun Yuchen is a well-known hype master in the cryptocurrency circle, and every time he makes a move, he can cause a wave of heated discussion. From a series of events such as the Buffett lunch auction, the Mt.Gox compensation plan, and the launch of the Ethereum ETF, it is enough to show that wherever there is a hot spot, Sun's hype cannot be escaped. This wave of marketing hype by the German government has once again successfully attracted the public's attention.

🤔 As for the end, will the German government really sell Bitcoin? And will Justin Sun really buy it? We still don't have answers to these questions. However, one thing is certain, Justin Sun's hype ability is admirable!

In any case, we, the spectators, will move our small stools and continue to watch this big drama in the currency circle! 🍉

#孙宇晨 #币圈炒作 #比特币动态 #德国政府转移比特币

🇩🇪The German government’s Bitcoin holdings have dropped sharply to 10,000. Can the market’s digestion capacity be tested? 🚀

🌐As of yesterday’s market dynamics, the German government has significantly reduced the amount of Bitcoin it holds. Currently, there are only about 10,000 Bitcoins left in the hands of the German government, with a valuation of about US$580 million.

Since the beginning of July, the German government’s Bitcoin holdings have dropped rapidly from more than 40,000 to 1,000 Bitcoins in just 12 days, which means that during this period, the German government has sold off nearly 30,000 Bitcoins.

👀But don’t worry, the market has adapted to this selling behavior. Analysts generally believe that even if the German government chooses to sell its remaining Bitcoins, the market is fully capable of absorbing the circulation of these Bitcoins without having a drastic impact on prices.

At the same time, there are also market views that the previous selling behavior of the German government is regarded as a major factor in the decline of Bitcoin prices. But as this behavior comes to an end, the market has become more optimistic about Bitcoin’s mid- to long-term prospects.

🚀Industry experts believe that with the elimination of one of the biggest uncertainties in the market, the Bitcoin market may enter a more stable and positive growth phase.

The German government's Bitcoin sell-off is coming to an end, and the market expects this to bring a clearer future for Bitcoin, indicating that the Bitcoin market may soon usher in new development opportunities.
#德国政府转移比特币 #比特币动态 #市场乐观 #加密货币前景

🚨 Is the US government's Bitcoin transfer the culprit for the market decline? 🌐

📈 Hey, friends! Yesterday, the US government transferred $2 billion worth of Bitcoin, which undoubtedly caused some negative emotions in the market!

👀 As soon as the news came out, the price of Bitcoin immediately plunged, so everyone was talking about whether the US government was going to sell it? Please take a look at my point of view below!

🎤 Last weekend, Trump vowed at the Bitcoin Conference that if elected, he would treat Bitcoin as a strategic reserve asset. What was the result? Two days later, the government took action, which was faster than turning a book!

🤔 So some people began to speculate whether this was a strategy of the Democratic Party to clear Bitcoin before Trump won the election, so that even if Trump was elected, his national strategic reserve plan would be ruined?

📉 Sure enough, on Monday this week, the price of Bitcoin really began to fall. At the same time, everyone was looking for reasons, and many media and the public pointed to the US government's Bitcoin transfer.

🧐 My view is that the volatility of Bitcoin prices does not always require a clear reason or explanation. Because the story of the market is often driven by the price itself. When the price falls, people will weave stories around the fall; and when the price rises, new stories will emerge.

📲 At the same time, a new piece of news also confirms my point of view. According to a tweet from a cryptocurrency commentator, the U.S. Marshals Service had reached an agreement with Coinbase Prime as early as July 1 to let Coinbase Prime hold the government's Bitcoin.

🔍Therefore, yesterday's transfer of Bitcoin to Coinbase's cold wallet may be just an asset custody service, not a planned sell-off. If this is the case, then yesterday's sell-off news may just be a market hype.

🤷‍♀️ So, friends, the market is always unpredictable. We have to stay sober and not be led by superficial news. There may be more complicated stories behind the market fluctuations.

💬 What do you think? Do you think this Bitcoin fluctuation is just hype, or is there a deeper reason? Let me know what you think in the comments!

#比特币动态 #美国政府 #市场波动 #Coinbase #加密货币

🚀 Bitcoin's average profit index exceeds 200%. Should we take profits or wait and see?

Bitcoin has been fluctuating since the Fed cut interest rates in September, but the overall trend is still bullish. Now everyone is watching Bitcoin's next move, because it recently stopped at $69,500 for a while, experienced a retracement of more than 5%, and then found strong support around $66,000. This price point is super important because it may tell us where Bitcoin will go next.

CryptoQuant chart data reveals a key information. The current average profit index of Bitcoin is now 202%, which means that the current market price is almost twice the purchase price. This news gives great confidence to investors and traders who expect Bitcoin to continue to rise.

But don't forget that the current profit level is far from the level that usually makes everyone sell. This means that Bitcoin may have more room to rise before a large-scale sell-off occurs.

Many people think that the next few weeks are very critical because if Bitcoin can stand firmly above $66,000, it may launch an attack on $70,000. But if this support level cannot be held, there may be a deeper correction.

On-chain analyst Axel Adler also shared his views on the market. He emphasized that when the average profit index exceeds 300%, it is usually when everyone starts to sell in large quantities. Now this index is 202%, which means that we may be halfway to that key point. Although there is still room for prices to rise, we are also approaching the time when profit-taking may become common.

In general, while these analyses give us some ideas about how the market may go, the future price of Bitcoin still depends on the broader market dynamics and investor sentiment. After all, the market is always changing, and we must be prepared to respond at any time.

👉 Friends, what do you think of Bitcoin's next step? Do you think it can hold the $66,000 support level? Or will it break through the $70,000 mark? Leave your opinions in the comment section!

#比特币动态 #市场分析 #投资信心 #比持币盈利指数 #行情观察