While Bitcoin (BTC) has been experiencing an incredible rally since October, it fell below 42 thousand dollars with the selling pressure.
Bitcoin over the year 160%, since October 70% value with the recent sales pressure while experiencing an increase in 42 thousand dollars He saw gold. Bitcoin, December 26 opening price From $43,589 in a day 4.5% down to $41,610 decreased by .
It is thought that the main reason for the withdrawal in Bitcoin is the selling pressure from short-term investors. According to on-chain analysis platform CryptoQuant data, in the last 24-hour period More than 25 thousand Bitcoins, moved from cold wallets to exchanges. Such movements are generally Selling pressure on Bitcoin It leads.
On the other hand, Bitcoin’s profitability rate in circulating supply is at its highest level of the year. to 90% reached. If the data in question is 90 days or less It shows whether investors holding Bitcoin are profitable or not.
Bitcoin within 90 days It is estimated that the potential selling pressure of investors who bought and made a profit was also very effective in the decrease in the price.
However, despite this, smaller than normal decreases in prices occur. The reason for this is approximately 10-15 days expected to be approved within spot Bitcoin ETFIt is predicted that it originates from . a possible ETF Bitcoin price instantaneously upon approval 10-15% increase Having a viable potential prevents investors from selling.
According to CoinGecko data bitcoin, while writing from $42,425 is being traded.