According to the most recent data, there was a dramatic rise in the number of long positions in Bitcoin (BTC) on exchanges today, July 4th and U.S. Independence Day.

This indicator has historically been interpreted as a warning of the bearish liquidation of the market. The development of several long positions caused the average funding rate of perpetual BTC futures to increase over the past few days and is currently at 0.0033 percent.

Altcoins on the joyful day faded into the background, while increasing interest and associated bets were seen to a greater extent only on Bitcoin.

Money that is “smart” is discrete and cautious

Another intriguing finding made by Santiment is that Bitcoin whales only make their biggest purchases after very tiny price changes, literally $100 to $200 and above, which keeps prices stagnant. That so, the price of bitcoin has routinely dropped following each such surge of transactions totaling more than $100,000 or $1 million.

Investors’ holiday spirits may be to blame for the market’s euphoria, but one should use caution when using newly discovered information.

The current price of Bitcoin appears to be incredibly alluring to acquire

Bitcoin appears to be incredibly alluring to acquire is exactly what the whales are doing. The crypto market could make an unexpected 10% squeeze down from these levels, or the same whales could close their positions into you after previously accelerating the price increase and then purchasing your liquidations. However, keep in mind that we are just entering the capitulation/accumulation phase.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

#Bitcoin

Bitcoin Whales

BTC

BTC futures

Crypto market

the market

U.S. Independence Day

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

Related Posts

• US Bitcoin Investor Sentenced to 2 Years in Prison for Evading Taxes
• Market Overview (Nov 25 – Dec 1): Altcoins Rebound as November Ends with Record BTC Gains
• Bitcoin Bull Run Stalls Below $100K as Markets Rebalance
• Bitcoin Miner MARA Expands Mining With New 114-Megawatt Wind Farm
• El Salvador Bitcoin Investment Will Continue At A Faster Pace
• Vancouver Bitcoin Proposal Has Now Been Approved by City Council
• Riot Platforms Acquires BTC, Total Holdings Reach 16,728 Bitcoin
• President-elect Trump Is Fueling the New Crypto Wave

Bitcoin

Massive Bitcoin Longs Appear On The Holiday Crypto Market

According to the most recent data, there was a dramatic rise in the number of long positions in Bitcoin (BTC) on exchanges today, July 4th and U.S. Independence Day.

This indicator has historically been interpreted as a warning of the bearish liquidation of the market. The development of several long positions caused the average funding rate of perpetual BTC futures to increase over the past few days and is currently at 0.0033 percent.

???? In the early hours of #4thofjuly2022 in the US, there has been a massive uptick in #longs on exchanges in the previous hour. Trader optimism often correlates with holidays, which means there needs to be a greater degree of cautiousness of whales punishing the overly eager. ???? pic.twitter.com/HJvb8QRjAQ

— Santiment (@santimentfeed) July 4, 2022

Altcoins on the joyful day faded into the background, while increasing interest and associated bets were seen to a greater extent only on Bitcoin.

Money that is “smart” is discrete and cautious

Another intriguing finding made by Santiment is that Bitcoin whales only make their biggest purchases after very tiny price changes, literally $100 to $200 and above, which keeps prices stagnant. That so, the price of bitcoin has routinely dropped following each such surge of transactions totaling more than $100,000 or $1 million.

???? The vast majority of the largest spikes in #Bitcoin whale transactions over the past week are occurring after small $100 to $200 $BTC price gains. Prices have subsequently fallen after each of these temporary increases in $100k+ or $1m+ transactions. https://t.co/ExrTHApPzZ pic.twitter.com/ZedwfJZBum

— Santiment (@santimentfeed) July 4, 2022

Investors’ holiday spirits may be to blame for the market’s euphoria, but one should use caution when using newly discovered information.

The current price of Bitcoin appears to be incredibly alluring to acquire

Bitcoin appears to be incredibly alluring to acquire is exactly what the whales are doing. The crypto market could make an unexpected 10% squeeze down from these levels, or the same whales could close their positions into you after previously accelerating the price increase and then purchasing your liquidations. However, keep in mind that we are just entering the capitulation/accumulation phase.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Annie

CoinCu News

Other Posts

Related Posts

[tptn_list limit="8" title_length="0" heading="0" show_date="0" daily="1"]