{"id":511664,"date":"2022-12-08T12:00:52","date_gmt":"2022-12-08T17:00:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=511664"},"modified":"2024-06-11T14:31:41","modified_gmt":"2024-06-11T14:31:41","slug":"bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens\/","title":{"rendered":"Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens"},"content":{"rendered":"<p><strong><span data-preserver-spaces=\"true\">The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment. Market participants are more optimistic after BTC climbed 12% from the yearly lows, but the possibility of a sustainable rally is declining.\u00a0<\/span><\/strong><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/xrp\/xrp-price-bucks-trend-as-whales-move-triple-digit-millions\/\" target=\"_blank\" rel=\"noopener \">XRP Price Bucks Market Trend As Whales Move 161 Million Tokens<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">The sideways price action is affecting the sentiment in the market. As of this writing, Bitcoin (BTC) is trading at $16,800. Other cryptocurrencies in the top 10 by market cap display similar price action, with very few recording profits on these timeframes.\u00a0<\/span><\/p>\n<figure id=\"attachment_511700\" aria-describedby=\"caption-attachment-511700\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511700 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/Bitcoin-BTC-BTCUSDT-6.png?resize=860%2C376\" alt=\"Bitcoin BTC BTCUSDT\" width=\"860\" height=\"376\"><figcaption id=\"caption-attachment-511700\" class=\"wp-caption-text\">BTC&#8217;s price moves sideways on the daily. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/molUuyLp\/?symbol=BINANCE%3ABTCUSDT\" target=\"_blank\" rel=\"noopener nofollow\"><strong>BTCUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n<h2>Bitcoin Whales Jump Ship, What This Means For BTC<\/h2>\n<p><span data-preserver-spaces=\"true\">Bitcoin has been moving in tandem with legacy financial markets since the end of 2021. The cryptocurrency is responding as a risk-on asset to the U.S. Federal Reserve (Fed) monetary policy. The financial institution is hiking interest rates to slow down inflation.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">As NewsBTC reported, the sentiment in the legacy financial market was bullish and robust, and it supported a 12% BTC rally. The sentiment in this sector was strong enough to drive the BTC price upwards in a hostile environment.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The second largest crypto exchange in the world, FTX, collapsed. This event triggered a new capitulation event in the crypto market, pushing BTC to fresh lows. However, equities trending to the upside reverted the losses on the nascent asset class.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The bullish momentum is fading as the FTX debacle impacted crypto investors\u2019 confidence in the nascent asset class. Analyst Ali Martinez shared recent data about Bitcoin whales. These investors are selling into the current BTC price action. Martinez said:\u00a0<\/span><\/p>\n<blockquote><p>Bitcoin around 33 whales holding 1,000 to 100,000 $BTC have left the network, and these whales sold or redistributed around 20,000 $BTC in the last 96 hours.<\/p><\/blockquote>\n<figure id=\"attachment_511693\" aria-describedby=\"caption-attachment-511693\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511693 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/Bitcoin-BTC-BTCUSDT-Chart-1.jpeg?resize=860%2C501\" alt=\"Bitcoin BTC BTCUSDT Chart 1\" width=\"860\" height=\"501\"><figcaption id=\"caption-attachment-511693\" class=\"wp-caption-text\">BTC Whales dumping into the current price action. Source: <a href=\"https:\/\/twitter.com\/ali_charts\/status\/81670400\" target=\"_blank\" rel=\"noopener nofollow\"><strong>Santiment via Ali Martinez on Twitter<\/strong><\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">The selling increased due to strong economic growth in the United States. The Fed has more room to continue with its tightening policy if the economy is resilient.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additional data from analytics firm Jarvis Labs indicates that $16,550 and $19,150 are critical. As uncertainty endures, leverage players take positions to benefit from a potential breakout.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">These positions add liquidity below and above the Bitcoin price. The chart below shows that these levels hold the most extensive liquidity pools. Thus, if the market taps into them, whales can drive the price in a particular direction.\u00a0<\/span><\/p>\n<figure id=\"attachment_511690\" aria-describedby=\"caption-attachment-511690\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-511690 size-large\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/Bitcoin-BTC-BTCUSDT-Chart-3.jpeg?resize=860%2C454\" alt=\"Bitcoin BTC BTCUSDT Chart 3\" width=\"860\" height=\"454\"><figcaption id=\"caption-attachment-511690\" class=\"wp-caption-text\">BTC&#8217;s price with massive liquidity pools at $16,550 and $19,150. Source: <a href=\"https:\/\/twitter.com\/Jarvis_Labs_LLC\/status\/67372034\/photo\/1\" target=\"_blank\" rel=\"noopener nofollow\"><strong>Jarvis Labs via Twitter<\/strong><\/a><\/figcaption><\/figure>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/solana-price-falls-below-14-does-this-signal-a-gloomy-week-for-sol\/\" target=\"_blank\" rel=\"noopener \">Solana Price Falls Below $14 \u2013 Does This Signal A Gloomy Week For SOL?<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">For example, BTC whale can continue selling to tap the liquidity of around $16,550; this move will take out most of the leverage positions. Then, the price can attempt to take the upside liquidity at approximately $19,150.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment. Market participants are more optimistic after BTC climbed 12% from the yearly lows, but the possibility of a sustainable rally is declining.\u00a0 Related Reading: XRP Price Bucks Market Trend As Whales Move 161 Million Tokens The sideways price action is affecting the sentiment in the market. As of this writing, Bitcoin (BTC) is trading at $16,800. Other cryptocurrencies in the top 10 by market cap display similar price action, with very few recording profits on these timeframes.\u00a0 Bitcoin Whales Jump Ship, What This Means For BTC Bitcoin has been moving in tandem with legacy financial markets since the end of 2021. The cryptocurrency is responding as a risk-on asset to the U.S. Federal Reserve (Fed) monetary policy. The financial institution is hiking interest rates to slow down inflation.\u00a0 As NewsBTC reported, the sentiment in the legacy financial market was bullish and robust, and it supported a 12% BTC rally. The sentiment in this sector was strong enough to drive the BTC price upwards in a hostile environment.\u00a0 The second largest crypto exchange in the world, FTX, collapsed. This event triggered a new capitulation event in the crypto market, pushing BTC to fresh lows. However, equities trending to the upside reverted the losses on the nascent asset class.\u00a0 The bullish momentum is fading as the FTX debacle impacted crypto investors\u2019 confidence in the nascent asset class. Analyst Ali Martinez shared recent data about Bitcoin whales. These investors are selling into the current BTC price action. Martinez said:\u00a0 Bitcoin around 33 whales holding 1,000 to 100,000 $BTC have left the network, and these whales sold or redistributed around 20,000 $BTC in the last 96 hours. The selling increased due to strong economic growth in the United States. The Fed has more room to continue with its tightening policy if the economy is resilient.\u00a0 Additional data from analytics firm Jarvis Labs indicates that $16,550 and $19,150 are critical. As uncertainty endures, leverage players take positions to benefit from a potential breakout.\u00a0 These positions add liquidity below and above the Bitcoin price. The chart below shows that these levels hold the most extensive liquidity pools. Thus, if the market taps into them, whales can drive the price in a particular direction.\u00a0 Related Reading: Solana Price Falls Below $14 \u2013 Does This Signal A Gloomy Week For SOL? For example, BTC whale can continue selling to tap the liquidity of around $16,550; this move will take out most of the leverage positions. Then, the price can attempt to take the upside liquidity at approximately $19,150.\u00a0<\/p>\n","protected":false},"author":535,"featured_media":511635,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790],"class_list":["post-511664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Whales Dump 20,000 BTC, Sell Side Strengthens<\/title>\n<meta name=\"description\" content=\"The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; uncertainty is king in the current environment.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Whales Dump 20,000 BTC, Sell Side Strengthens\" \/>\n<meta property=\"og:description\" content=\"The Bitcoin price action remains stalled as the cryptocurrency moves in a tight range; 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/ktsl888.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens","url":"http:\/\/ktsl888.com\/news\/bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/todd-cravens-QnBrjY-nFUs-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/todd-cravens-QnBrjY-nFUs-unsplash-scaled.jpg?fit=2560%2C1700"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt"],"dateCreated":"2022-12-08T17:00:52Z","datePublished":"2022-12-08T17:00:52Z","dateModified":"2024-06-11T14:31:41Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Whales Dump 20,000 BTC On The Market, Sell Side Strengthens\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin-whales-dump-20000-btc-on-the-market-sell-side-strengthens\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/todd-cravens-QnBrjY-nFUs-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/todd-cravens-QnBrjY-nFUs-unsplash-scaled.jpg?fit=2560%2C1700\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2022-12-08T17:00:52Z\",\"datePublished\":\"2022-12-08T17:00:52Z\",\"dateModified\":\"2024-06-11T14:31:41Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/todd-cravens-QnBrjY-nFUs-unsplash-scaled.jpg?fit=2560%2C1700","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/511664"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=511664"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/511664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/511635"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=511664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=511664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=511664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}