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The crypto planet turns into an emotion playground every week: euphoria, panic, hope and betrayal. Bitcoin remains the heart of this theater and oscillates between the dizzying peaks and the icy diving. And this week did not disappoint again. But something else is played under the surface. Breathing is necessary before diving your head down into your wallets. Because there are traps in the crypt where you think we will find shortcuts.
In short
- OG sold 22,769 BTC in favor of around 472 920 ETH, which triggered a crypto storm.
- Small carriers continue to accumulate while using average wallets quickly.
- The threshold of $ 105,000 will become critical for bitcoins, the break could panic.
- $ 611 million in 24 hours reminds that volatility remains constant by bitcoin.
Bitcoin brutal slide: between liquidation and disillusionment
On Sunday, the atmosphere on the crypto markets came out of exaltation to chaos. While Ethereum made a new record for $ 4,957, Bitcoin collapsed below $ 11,000, briefly reached $ 110,671. Flash fall, caused by explosive mixture: tight liquidity, lever effect and avalanche liquidation. A total of $ 611.81 million were affected by derivatives, of which 445 million in Haussiers Paris.
The reaction was immediate. The solany price dropped by 3.29 %, dogecoin by 4.4 %. Even XRP folded. And the appearance turned to the gaps that remained on the CME contracts.
Like Tweet @Daancrypto:
BTC opened today with a large CME gap. It was the biggest weeks. Most of these gaps are usually filled at the beginning of the week.
The gaps are scary. And to attract. Like volatility magnets.
Whale in full sale, small Hladlers about the accumulation of mission
The actor was interested in this movement. Bitcoin Og, a 100,784 BTC holder for 7 years, emptied his chests. 22 769 BTC, or about $ 2.6 billion, was transferred to hyperliquid for sale. In return, the entity gained 472 920 ETH and opened 135 265 ETH. Massive conversion of BTC into ETH, against the influx of historical trend.
Comment Vijay Boyapati resonates as a philosophical explanation: “The price stagnated because several whales reached its magical threshold and sales. It is healthy, their offer is limited and their sale is essential for complete monetization of bitcoins. A large amount of wealth is redistributed to the population. This cycle is one of the greatest events of stoy in history ».
In the shadow of these titanic movements, further dynamics settle. According to the cryptocurrency, wallets that hold less than 10 BTC are still in the storage phase. On the other hand, between 10 and 100 BTCs caused a profit from $ 118,000. The psychological boundary is real. And Willy Woo underlines:
Why does BTC progress so slowly? Because OG still holds most bitcoins. They bought them for $ 10 or less. The absorption of each BTC sold requires $ 110,000 of the new capital.
Three main threats for bitcoins to track
While Bitcoins are trying to stabilize, several elements could lean this trend. In good or bad. Three of them deserve urgent attention:
Fed interest rates
Another PCE index will be published on Friday. It is a popular inflation rate for the federal reserve system. If the figure decreases, the markets will notice the rate of rate in September. However, according to Mosaic asset, abandoning the strategy of medium inflation may mean that the Fed will tolerate a minor excess. Building on several drops of rates seems to be poorly recommended.
NVIDIA financial results
Giant AI could electrify or cool the markets. A good quarter would strengthen technological assets … so crypto.
Critical level of $ 105,000
The cryptocurrency claims that this threshold has become a point of rotation. If it is broken, fear is spreading. And small players could get.
The numbers and facts that need to be remembered:
- 611 million USD in crypto liquidations in 24 hours, including $ 445 million per BTC;
- Only one actor sold 22,769 BTC in 5 days;
- Hodlers <10 BTC continues to buy;
- Portfolios 10–100 BTC are for sale;
- The psychological threshold of $ 105,000 becomes a front line.
Although recent tremors make you dizziness, some analysts see behind the fog. For them, Bitcoin’s Bull Run continues, powered by the belief that the strongest flights often precede the strongest tremors. Those who hold their line could harvest what others would drop too early.
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Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.