finixyta on Nostr: Bitcoin whales have resumed significant selling, coinciding with BTC's return to ...
Bitcoin whales have resumed significant selling, coinciding with BTC's return to $100,000. This surge in selling pressure raises concerns about maintaining this key level. Data from IntoTheBlock shows a notable shift in large holders' netflow, indicating increased selling. Additionally, the total Bitcoin exchange outflow has decreased, suggesting a decline in HODLing. The MACD indicator has dropped into the negative region, signaling potential bearish momentum. If selling pressure continues, BTC could drop to $91,918 or even $80,437. However, increased buying pressure could push BTC above $101,173, potentially rallying toward $108,000. #Bitcoin #BTC #Whales #SellingPressure #PriceAnalysis
Published at
2024-12-14 06:21:09Event JSON
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"content": "Bitcoin whales have resumed significant selling, coinciding with BTC's return to $100,000. This surge in selling pressure raises concerns about maintaining this key level. Data from IntoTheBlock shows a notable shift in large holders' netflow, indicating increased selling. Additionally, the total Bitcoin exchange outflow has decreased, suggesting a decline in HODLing. The MACD indicator has dropped into the negative region, signaling potential bearish momentum. If selling pressure continues, BTC could drop to $91,918 or even $80,437. However, increased buying pressure could push BTC above $101,173, potentially rallying toward $108,000. #Bitcoin #BTC #Whales #SellingPressure #PriceAnalysis",
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