Bitcoin holders in the short term sell 17.8 kilos by BTC in the midst star-news.press/wp

• The short -term Bitcoin holders have canceled 17.8 kB downloads in 24 hours.
• Bitcoin’s declining feelings decreased to the highest monthly level by 20 %.

Over the past day, Bitcoin (BTC) touched for a short period of local level of $ 98,000 before returning to 101 thousand dollars. The low price of bitcoin is driven primarily by geopolitical pressure.

Amid increasing concerns about a widespread war, investors have turned into aggressive sale.

Intensify the pressure of the sales in the two sales

According to Cryptoquant analyst Axel AdlerLast day witnessed a huge sale activity.

As such, 14.7 km BTC was sold with a loss as the market began to decrease to less than $ 100,000, reflecting the sale of panic.

Source: Cryptoquant

During the same period, 3.1K BTC was sold to make a profit on the central stock exchanges. In general, short -term holders achieved 17.8 km BTC, with a net surrender with a group of 11.6 kb BTC.

This height reflects a sudden shift in feelings, as the investor’s concerns intensify. As a result, the advanced feelings index of Bitcoin decreased to -20 %, indicating high hypothesis.

Source: Cryptoquant

The declining feelings have reached its highest level in one month, while increasing the pressure pressure while deepening the negative delta in the volume of advanced demand, highlighting the dominance of the growing seller.

This shift coincided with a decrease in Bitcoin less than $ 100,000.

With the decrease in open interest, traders were forced to relax on the tied positions, which led to a rise in the liquidation.

It is worth noting that 2.6 km has been eliminated in long situations, indicating an increase in pressure on the market.

Source: Cryptoquant

The shift in the derivative market referred to the interests of the installation investor.

However, the feeling of recovery began as BTC regained $ 101,000. The advanced emotional index increased from 20 % to 37 %, and diligence of the delta size, which hints to the conditions of stability.

Nevertheless, the size of the Delta is still in the Habboudia, which indicates only partial recovery. Investors seem to buy with caution from the sales centers, with the aim of benefiting from the decline.

Source: Cryptoquant

We can see the partial purchase activity as Excination Netflow has turned into negativity again. At the time of the press, Excination Netflow sat about 1.8 km, indicating that buyers have returned and bought excessive sale positions recently.

Despite this sign of a possible recovery, caution is still on the market due to the escalation of conflict in the Middle East.

What is the following for BTC

The last market decreased and the increase in the sale was amid US strikes on three Iranian goals, which puts the markets at maximum alert at a possible escalation.

If geopolitical tensions are easy, it is likely to be a complete recovery, with buyers and bitcoin back with a recovery of $ 104,238.

However, if the conflict is intensifying, it may expose feelings more, which leads to another decrease. In this case, BTC can find support near 97,766 dollars.