Sales with losses

Short -term investors cancel Bitcoin – threatens a case to $ 100,000?


Bitcoin sale: Is the crash to $ 100,000 ahead of? | finanzen.net

The Bitcoin continues to remove from its recently reached record high. Now even threatens the $ 100,000 mark?

Values ​​in this article

currency


92,748,1909 CHF 238,9571 CHF 0.26%


97,909,7310 EUR -515.6616 EUR -0.52%


85,537,3222 GBP 220,2859 GBP 0.26%


16,866,447,9626 JPY -88,830,5904 JPY -0.52%


114,769,7519 USD -604.4583 USD -0.52%


0.0000 BTC -0,0000 BTC -0.26%


0.0000 BTC 0.0000 BTC 0.53%


0.0000 BTC -0,0000 BTC -0.25%


0.0000 BTC -0,0000 BTC -1.18%


0.0000 BTC 0.0000 BTC 0.50%


• Many short-term owners (STHS) separate from Bitcoin
• Opportunities for a BTC price decline towards $ 110,000 increases
• The $ 100,000 mark is likely to withstand

In the past few days, Bitcoin has dropped under the threshold of $ 115,000. The oldest and best -known digital currency had been climbed over the $ 124,000 mark for the first time a few days earlier.

The background is the uncertainty about further US money policy. The market participants are waiting for the speech by Fed boss Jerome Powell in Jackson Hole on Friday and then for the central bank’s interest. The next interest meeting of the currency authorities is planned for September 16 and 17.

A monetary -political relaxation usually has a positive effect on risky systems such as cryptocurrencies. This is due to the fact that an environment with lower interest rates reduces the opportunities for holding Bitcoin and Co. and thus had new capital flow into the cryptom market.

Short-term investors panic

As “CoinTelegraph” recently reported, onchain data from Cryptoquant show that after reaching the latest all-time high, over 20,000 bitcoin that were held by Short-Term Holders (STHS investors who have been holding the asset for less than 155 days) were sold with loss. This repeats itself a well -known behavioral pattern, in which short -term speculators make panic sales at market lows and often realize losses.

Does the 100,000 dollar brand hold?

In view of this development, some retailers and analysts fear that the world’s largest cryptocurrency is even up to less than $ 100,000. But how big is this danger?

So that it comes to this, the “BTC would have to break through the $ 100,000 to $ 110,000,” wrote the Swissblock trading company in an X-Post on Monday. But now the Bitcoin has been over $ 100,000 for more than 100 days. “Not indestructible, but a hard fight for bears,” said Swissblock.


The forecasting market platform Polymarket also sees the $ 100,000 mark at a limited extent, even if further price weakness is expected for the rest of the week. The most likely outcome (73 percent) for BTC is $ 114,000, while slipping less than $ 112,000 is expected with $ 39 percent. For a decline in the direction of $ 110,000 and $ 108,000, the probability is only seen at 18 and 16 percent.

Editor finance.net



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