Hello dear and loyal readers, may this opportunity serve to share with all of you some data on how the FTX case can be a determining factor that can negatively influence the trend of accumulating Bitcoin in the following weeks, months and even years.
According, to information and data released by Whale Map, in the last few days, people were moving Bitcoin that they had not touched in years, the Bitcoin price could fall further to 58K, as medium-term holders, who bought in the last 3-6 months, are sending their BTC holdings to exchanges.
In this sense, what we see with the whale activity, and the short gap that separated the accumulation movements with those of liquidity introduction to the market, seem to support this theory, it would seem that it will be another not so optimistic week for Bitcon main cryptocurrency by market capitalization.
The unbalanced situation caused by the chaos of the FTX case in the cryptocurrency market, caused today there is less accumulation than in previous weekly reports, and in general the advance that Bitcoin had had seems to be in retreat..
The information disclosed by Whale Map complements the predominantly low accumulation trend, at least in terms of Bitcoin mobilized as it is estimated that about 99,206 BTC units went from exchanges to unknown wallets which is equivalent to 46.79% of the weekly total.
SOURCES CONSULTED
WhaleMap. Last couple of days people were moving BTC that they haven't touched for years. Link
OBSERVATION:
The cover image was designed by the author: @lupafilotaxia, incorporating image: Tekedia.
"Wow, this is a fascinating post! 🤔 The analysis on how the FTX case might impact Bitcoin's trend in the coming weeks and months is super interesting. I'm loving the data from Whale Map and the visuals to break it down. 💡 Have you been paying attention to these market fluctuations? What are your thoughts on the potential implications for Bitcoin's price? Let's discuss! 📢 Also, don't forget to show some love for our amazing witness @xpilar.witness by voting them in at https://steemitwallet.com/~witnesses. They're doing an awesome job supporting our community, and with your support, we can keep growing together! 💕"
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