analysis on $OP will be highly appreciated... i opened long at wrong price and now stuck! is it going to touch .9 soon or not?
thanks
BullishBanter
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#Bitcoin Drops Under $112K – What’s Really Behind the Crash?
$BTC has shocked the market by sliding below the $112,000 mark, its weakest weekly close in weeks. This fall came right after optimism built around Jerome Powell’s signal of a possible Fed rate cut at Jackson Hole. Instead of pushing higher, BTC tumbled—and here’s why.
1. Whale Movements and Ethereum Rotation
On-chain trackers revealed that large holders, or “whales,” started moving huge sums of BTC into exchanges and swapping them for Ethereum. One dormant whale wallet holding nearly 24,000 BTC woke up after five years and moved more than half of its coins in just one day. Another large wallet shifted nearly 18,000 BTC for ETH. This rotation into Ethereum created heavy selling pressure on Bitcoin.
2. Weekend Liquidity Trap
The timing made things worse. The sell-off happened over the weekend, when trading activity is always thinner. Low liquidity means even one big order can trigger a sharp drop. With stop-losses being hit, the decline turned into a cascade of forced selling.
3. Rising Exchange Reserves
Analytics firms reported a sharp increase in BTC deposits into exchanges right before the dip. Whenever reserves on exchanges go up, it usually signals more selling ahead. This weekend pattern of larger inflows has been a warning sign that the market is exposed to sudden drops.
4. Miner Pressure and Profit-Taking
Another layer of sell pressure came from miners. With Bitcoin recently trading above $114,000 before the crash, miners used the higher price to lock in profits, increasing supply on exchanges at the worst possible time. Combined with whale moves, this added fuel to the sell-off.
Final Word
Instead of breaking higher after Powell’s rate-cut hint, Bitcoin collapsed under whale selling, thin weekend liquidity, rising exchange inflows, and added miner pressure. Until these forces ease, traders should watch support zones closely, because the next big move may depend on whether whales keep selling or step back.
$BTC
$BTC has shocked the market by sliding below the $112,000 mark, its weakest weekly close in weeks. This fall came right after optimism built around Jerome Powell’s signal of a possible Fed rate cut at Jackson Hole. Instead of pushing higher, BTC tumbled—and here’s why.
1. Whale Movements and Ethereum Rotation
On-chain trackers revealed that large holders, or “whales,” started moving huge sums of BTC into exchanges and swapping them for Ethereum. One dormant whale wallet holding nearly 24,000 BTC woke up after five years and moved more than half of its coins in just one day. Another large wallet shifted nearly 18,000 BTC for ETH. This rotation into Ethereum created heavy selling pressure on Bitcoin.
2. Weekend Liquidity Trap
The timing made things worse. The sell-off happened over the weekend, when trading activity is always thinner. Low liquidity means even one big order can trigger a sharp drop. With stop-losses being hit, the decline turned into a cascade of forced selling.
3. Rising Exchange Reserves
Analytics firms reported a sharp increase in BTC deposits into exchanges right before the dip. Whenever reserves on exchanges go up, it usually signals more selling ahead. This weekend pattern of larger inflows has been a warning sign that the market is exposed to sudden drops.
4. Miner Pressure and Profit-Taking
Another layer of sell pressure came from miners. With Bitcoin recently trading above $114,000 before the crash, miners used the higher price to lock in profits, increasing supply on exchanges at the worst possible time. Combined with whale moves, this added fuel to the sell-off.
Final Word
Instead of breaking higher after Powell’s rate-cut hint, Bitcoin collapsed under whale selling, thin weekend liquidity, rising exchange inflows, and added miner pressure. Until these forces ease, traders should watch support zones closely, because the next big move may depend on whether whales keep selling or step back.
$BTC
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
OP
0.7044
+1.55%
