According to analysts from Crypto Exchange Bitfinex, Bitcoin (BTC) underwent. Correction, from the highest versatile coin level of USD 109,590 on January 20 to the lowest level 77,041 USD in the week 9-15, accounts for 30% of rest caused by the sale of pressure from short-term owners.
In its report, Bitfinex defines tiny -term owners as people who have bought in the last seven to 30 days. According to the exchange, they suffered unrealized net losses and are often more surrendering.
Bitfinex notes that the ongoing outflows from ETF Bitcoin, which amounted to about 920 million dollars in March 9-15, suggest that institutional buyers have not yet returned with sufficient strength to fight the pressure for sale.
Bitcoin Capital Flow by tiny -term owners. Source: Glassnode/Bitfinex
Trade for around 84 357 USD, Bitcoin reflected 9.5% from the low level. According to Bitfinex, the key factor will be whether institutional demand will escalate at these lower levels, potentially leading to the absorption of supply and price stabilization.
“While institutional flows and macro situation is crucial for the market direction in the middle of the period, statistically 30 % withdrawals often meant low before continuation,” said Bitfinex Cointelegraph analysts. “If bitcoins stabilize at this level, history suggests that there may be a strong recovery.”
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Bitcoin NTPs see outflows of USD 5.4 billion in five weeks
We have reached a series of five weeks with a total value of $ 6.4 billion from March 14, with Crypto Exchange (ETP) commercial outlets from Crypto Exchange (ETP). According to data from Coinshares, Bitcoin NTPs suffered the weight of the outflow, with losses of $ 5.4 billion.
According to Bitfinex, the current macroeconomic climate can be valid on the markets. Consumer trust in the US has fallen to the lowest level for two years and there are expectations for higher inflation with economic uncertainty. On March 4, the federal reserve model predicted that the US economy would decrease by 2.8% in the first quarter of 2025.
Meanwhile, talks about trading wars still dominate in news, putting Bitcoin status as doubt that the resources of unthreatening, keeping the miners on the fingers and perhaps placing the bulls market in danger-the recently recently announcement of the White House with a strategic Bitcoin reserve and digital action.
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