Of course they would take profits because they fear that everything they gained will decrease. And it's worse for those who leverage x100 or x75
Cointelegraph
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Bitcoin price slips to $93K as liquidations soar and long-term BTC holders take profit
Bitcoin’s quest for $100,000 hit an impasse as sellers took control and pushed BTC price under $93,000. Margin traders sitting in long positions saw heavy losses as the total crypto market liquidations on the buy side reached $337.6 million over the past 24 hours.
Crypto market liquidations. Source: CoinGlass
Proof of the liquidations-driven sell-off can be seen in the chart below depicting volume-by-side data for major centralized exchanges and showing heavy selling at exchanges offering perpetual futures trading.
BTC/USD and BTC/USDT CEX volume by side. Source: TRDR.io
Looking beyond the forced selling of margin longs (liquidations), Glassnode identified Bitcoin long-term holders (LTHs) as another culprit behind the current selling. The analysts pinpointed the 6-month to 12-month LTH cohort as the primary seller “when an average cost basis 71% lower than the market price ( ~$57.9K).”
Things are getting heated! #Bitcoin long-term holders (LTHs) have come out in force, with selling pressure hitting -366K #BTC/month - the highest since April 2024. But who is actually selling? Let’s dig deeper: https://t.co/hr64gBGUCd 🧵👇 pic.twitter.com/OpsayTaNsf
— glassnode (@glassnode) November 25, 2024
“With Bitcoin surging from $74K to $99K, they capitalized big on the rally.”
Financial markets are always a delicate balance between buyers and sellers and today’s price action saw the bias shift from the shorter-term sentiment being spot and leveraged long to short. As liquidations ramped up and Bitcoin price dropped closer to $90,000, a surge in short positions opened, and BTC’s funding rate climbed from 0.019 to a peak at 0.04.
BTC/USD 1-day chart. Source: TRDR.io
BTC/USDT liquidation map. Source: CoinGlass
Liquidation map data now suggest that a Bitcoin price drop below $94,000 will kick off the next wave of forced selling to $90,000, a level which some traders have suggested they would be happy to bid.
$BTC Day 21 of the Cycle. Back at the 10dma generally a good spot to bounce and continue the uptrend.
Generally the midpoint (around day 30) there is weakness, so if no bounce here, $86-88k likely for the midpoint over next 7-10 days.
— Bob Loukas 🗽 (@BobLoukas) November 25, 2024
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
how boring to wait for it to reach 100K the $BTC , it is clear that they are delaying the sale of more than $100K million that are in the sales book. Those who are not selling think it will reach 150K, however it will not happen. #SpotDeTrading #BecomeCreator
Well, comrades, let's hope that the aggressions being committed between these countries do not affect the crypto economy.
Resident Putin said: "We have the right to use weapons against military facilities of countries that allow their weapons to be used against Russia."
This means that if the US gets too involved in this war, they will need to withdraw their resources to counteract a possible war; these are speculations.
News Outlet El Mundo: "Moscow's warning attack would have occurred after Ukraine launched American and British missiles at targets inside Russia this week, despite Moscow's warnings that it would consider this action a significant escalation in the war that has lasted more than 1,000 days."
The rise of $BTC reminds me of altcoins when they are pumped up so much and that's what others expect, for when it reaches the climax to take everything they have.
It is true that there is investment and that many organizations are trading to provide greater liquidity to the currency, however retail investors will always lose.
I hope you were able to gain what you expected and do not lose what you have after the 100k. #BTC🌪️ #BinanceLaunchpool!
Good afternoon, morning, and night. To inform you that the prices on $BNB from yesterday and today do not show an increase, however, they remain between $618 and $610; the previous days were $635 and $617.
It could be said that it is a bearish moment, take your precautions and do not rush into using x100 leverage if you are not sure about your transaction. Thank you for reading.
The $WLD is rising, however it is the strategy to reach the highest point and then suddenly drop it. The whales know how to motivate people. #WorldCoin.
Good afternoon, good days, or good nights, comrades. A few days ago, I showed you how I lost $4 with $6.5 dollars and then I was recovering what I lost.
Today, I am showing you what is perhaps a great advance for me, since I not only recovered my capital but also doubled it. It's all about patience and not losing hope.
It's not about making millions when you first start, but about earning just enough until we gain confidence with everything we've learned. #Worldcoins #BinanceFutures $WLD
For those enthusiasts who want to experience #Futurosbinance without much difficulty, there is #futuroslite , which has fewer tools, but goes straight to the point in buying and selling.
This Lite Futures mode does not charge you commissions and even though when making a transaction it does so in #Taker mode, it does not charge the commission.
I recommend this mode only to practice and learn how to see the charts, but not for large transactions or if you are interested in earning benefits now.
It should be noted that in any transaction it is better to do it in #Maker mode and not #Taker since the commission is different, for maker (0.01%) and for taker (0.05%). Applies to Regular users
Note: Do not lose more than you invest, do not despair.
Hello everyone, today the #WLD/USDT⚡️⚡️ is favored, I don't like to be a liar so I'll say what could happen. It has had a rise since yesterday and is holding steady, however, I imagine we all know what that means. The bulls or whales are waiting to be able to withdraw the large amounts that are accumulating soon.
If it's true that there would be no need for liquidation since there are months when we all withdraw our money. For me, the most critical months are March-May-July-November and December, I don't know about you, but we are close to a big drop.
I wish you luck in your investments and remember, it doesn't matter in which currency you operate: "it's better to lose $1 than $10 of them".
To remind you that #WLD/USDT⚡️⚡️ will be hovering between $1.98 and $2.1 dollars. It is true that it has dropped in the last week from $2.4 - $2.7 since #worldocin updated his wallet to #Worldchain and Binance implemented it. It is on the right track with its App store. Read its charts carefully. #wolrdcoin $WLD
Hello everyone, I want to show you how my world is going in the Futures area, although it is true that I do not have much money to invest because I only had 7 dollars and I put them in, I am learning how to generate money little by little.
It is risky since I lost 3 dollars and now I was able to recover 1 of those 3 dollars, you have to investigate and see the graphics, it is not just jumping in crazy.
I am not very active in the crypto issue since my job does not allow me and I do not earn much. But I want to tell you that with 6 dollars you can start in Futures and not be afraid of winning or losing since that way you will gain experience.
Maybe those who know more will laugh at me, but that is how I see it. It depends on each one to be smart and learn from each video or person. We have a lot of information on the internet.
You can and do not give up, do not think about earning millions so quickly, everything is a process, you can achieve it.
$BNB I don't know if anyone will be able to read what I'm going to say, but when you see that BNB is going down, in my opinion you shouldn't sell it, but rather put it in the BNB Vault and when the price stabilizes, then use it again. When I feel like I'm losing money, I prefer to leave it until I recover the same amount or earn more than what I have invested. #BNBvault #BNBSmarthChain
Every currency that falls is because those who have millions completely withdraw their profits and their investment, people with little investment will sell out of fear but they do not do it because they only lose. The whales, the big investors and the banks will invest again since that will make the flow go up suddenly. Do not be afraid if it goes down a lot because they will not stop investing.$BNB
Good evening those who read me, I am a newbie buying and selling cryptocurrencies and I hope people don't get discouraged. I started with little but I'm earning my coins there. You can too. Spot would be the best option for those who are not yet familiar with all the Binance tools, this increase is not always good but it is not bad either. I predict that it can last 1 more month between $390 and $420. At the moment it is on the right track. Of course if they don't embezzle us.
#BNBSube$BNB In my opinion, BNB has been maintaining an expected amount, you could say. In January it was for $322 and now it is almost $400. I have a feeling that it will remain between $385 and $400 throughout February.