B3bit

06/20 16:50Bullish

Is Bitcoin falling to $52K? What to expect as 2 be

#World Cup Predictions: 100,000 USDT Daily #BTC Prophet: 20-Day 380 Million HTX Challenge #HTX Creation Challenge — Post and Win 1,500U 💥

Is Bitcoin falling to $52K? What to expect as 2 bearish signs emerge A bear market leaves investors with three choices: Buy the dip, sell at a loss or HODL through the FUD. From a technical view, Bitcoin has been consolidating around $60k for nearly two weeks, which could be a sign that buyers are finally stepping in. According to market makers, dip buyers historically accumulated around this cost-basis, helping Bitcoin establish a floor before smart money triggers a rebound.  However, recent whale activity paints a different picture. One analyst spotted a whale who just sold 800 BTC, locking in a loss of around $35 million. The investor bought the entire position near last November’s peak at roughly $107,000 per coin, held through seven months of downside, and finally sold today at around $62k. In this case, it looks like some investors are choosing to sell at a loss. And the broader market data seems to back that up. Looking at the chart above, the amount of Bitcoin supply being held at a loss has climbed to 10.56 million BTC, overtaking the previous peak of 10.47 million BTC. Put simply, around half of Bitcoin’s [BTC] circulating supply is now underwater, showing just how much pressure holders are under at current prices.  However, with capitulation signals starting to appear, it’s clear that investor patience is beginning to wear thin. That’s why calls that Bitcoin has already bottomed around $60k may be a little early. Against this backdrop, traders piling into BTC put Options doesn’t look random. Instead, it looks more like a hedge against the risk of another leg lower before Bitcoin finds a more convincing bottom.

GostoPartilhar