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 Dumpย
1. Current Geo-political Issue in Middle-Eastย
2. Bitcoin Dominance Hits All Time High
3. Market Liquidity Factorย
But there're also some secret Reasons For the Dump. Let's Find Out.....
๐ ๐ด๐ฒ๐ท๐ฐ๐ฝ๐ณ๐ ๐ธ๐ฟ๐ 123
๐ 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.
๐ Long-term Holders Large Ammount Distributionย
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.
โก 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.
โก 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.
ยฉ๐ป๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐๐. ๐ป๐๐ ๐๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐. ๐พ๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐๐. ๐ป๐๐๐ ๐๐ ๐๐๐ ๐๐๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐. ๐ป๐๐๐ ๐ ๐๐๐๐๐๐๐๐๐ ๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐๐๐ ๐๐๐ ๐๐.
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