ביטקאָין

ביטקאָין האָלדערס, וויילז און מיינערז: די פּראַל פון FTX אויף די שטאַט פון בטק

11/14/2022
ביטקאָין עטהערעום נייַעס
  • Bitcoin HODLers withdraw historic amounts of BTC from exchanges
  • Miners continue to feel the pressure amidst the FUD

The mistrust in exchanges has continued unabated ever since the FTX ייַנבראָך. Now, in an unprecedented move, many BTC HODLers have started withdrawing huge amounts of Bitcoin out of their exchange wallets.

לייענען ביטקאָין ס [בטק] פּרייס פּראָגנאָז 2022-2023

Lots of fish in the sea, but not BTC

לויט צו אַ טוויט made on 14 November by גלאַסנאָדע, a crypto analytics firm, investors were “withdrawing coins to self-custody at a historic rate of 106k $BTC/month.”

Obviously, the FTX development impacted whales and sharks massively. However, as can be seen from the image below, not just whales, but sharks, shrimps and crabs moved their בטק ווי געזונט.

מקור: גלאַסנאָדע

Miners also seemed to be in panic mode, as miner balance declined over the past week. With hash price at אַן אַלע-צייט נידעריק, things could get difficult for them in the long run. Miners may have to sell their BTC to make a profit, which might affect the price of BTC in the future.

מקור: גלאַסנאָדע

ביטקאָין’s volume also witnessed a decline over the past few days, as can be seen from the image below. Since 9 November, the volume depreciated from 125 billion to 39 billion at the time of writing.

The daily on-chain transaction volume also declined over the past few days, suggesting that few ביטקאָין HODLers could make a profit. The MVRV ratio of BTC declined as well, implying that most HODLers will realize losses if they all sell their holdings at the current price.

מקור: סאַנטימענט

Another indicator to support that would be the fact that a large amount of Bitcoins’ supply was in loss, as it reached a two-year high of 9,389,042.100 BTC, according to data provided by גלאַסנאָדע.

It remains to be seen whether more Bitcoin HODLers succumb to sell pressure and sell their BTC.

אין דער צייט פון שרייבן, ביטקאָין איז טריידינג ביי $ 16,785.42. זיין פּרייַז איז געווען אַפּרישיייטיד מיט 1.15% אין די לעצטע 24 שעה, לויט צו קאָונמאַרקעטקאַפּ. איךts volume also witnessed an uptick of 56.39% during the same time period.

Source: https://ambcrypto.com/how-has-the-ftx-collapse-impacted-btc-hodlers-this-data-reveals/