- 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 Колапс на FTX. Now, in an unprecedented move, many BTC HODLers have started withdrawing huge amounts of Bitcoin out of their exchange wallets.
Прочитај Предвидување на цената на Биткоинот [BTC] 2022-2023
Lots of fish in the sea, but not BTC
Според чуруликам made on 14 November by Стаклен код, a crypto analytics firm, investors were “withdrawing coins to self-custody at a historic rate of 106k $BTC/month.”
По падот на FTX, #Bitcoin инвеститорите ги повлекуваат монетите за самостојно чување со историска стапка од 106 илјади $ BTC/ месечно
Ова се споредува со само три други пати:
- 2020 април
– 2020 ноември
– јуни-јули 2022 годинаhttps://t.co/92aYVYU4Yt pic.twitter.com/em7CsDBWUf- стаклен код (@glassnode) Ноември 13, 2022
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 БТК како добро.
Miners also seemed to be in panic mode, as miner balance declined over the past week. With hash price at најниско ниво на сите времиња, 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.
Bitcoin’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 Bitcoin 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.
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 Стаклен код.
It remains to be seen whether more Bitcoin HODLers succumb to sell pressure and sell their BTC.
Во времето на пишувањето, Bitcoin се тргуваше за 16,785.42 долари. Неговата цена поскапе за 1.15% во последните 24 часа, според CoinMarketCap. Наts 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/