Bitcoin markets have recently experienced two main liquidation events, causing a forced sales cascade for overexcurs, but analysts say that a separate model has emerged.
“Short -term merchants have been eliminated, long -term holders have calmly capitalized on reset,” said cryptocurrency analyst Amr Taha.
They noted that the first confusion occurred when Bitcoin (BTC) fell below $ 111,000, and more than $ 97 million in long positions were liquidated. While its price has broken by $ 109,000, an additional $ 88 million long dollars were wiped out in the second wave.
However, while short -term merchants faced margin and forced sales, long -term holders (LTH) responded very differently and increased their accumulation.
This has brought the capitalization carried out long -term to 28 billion dollars, a level not seen since April. The ceiling carried out is a measure of the value of each bitcoin depending on the last time it was moved, rather than the current market price.
Long -term investors use this forced sales period to increase their exposure and accumulate more long -term bitcoin, noted Amr Taha. “This strategic accumulation during moments of market stress reflects the deep conviction of LTHs.”
“Rather than being shaken by short -term volatility, they [LTH] Consult these decreases focused on liquidation as well as privileged opportunities to strengthen their positions, strengthening the basics of the future price assessment. »»
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Meanwhile, cryptocurrency analyst Ibrahim Cosar identified a double-bottomed diagrams training, an inversion signal that indicates that “the down pressure is weakening and buyers are starting to regain control,” he said.
“If this area is supported, levels above $ 112,000 are well at hand,” he predicted.
Bitcoin descends below $ 109,000
Bitcoin is negotiated at just under $ 108,700 on Coinbase at the time of writing the editorial time, displaying a slight rebound in a wick at $ 107,550, according to TradingView.
However, he withdrew from a summit on Monday, May 26, $ 110,000, after reaching resistance to this level.
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