While the crypto currency market continued to fluctuate, the leader Krypto currency Bitcoin failed to rise above $ 100,000. Uncertainty in the market makes investors uneasy. In the midst of this uncertainty, analysts say that the risk of panic sales is at a minimum due to the fact that Bitcoin remains over $ 90,000 and many investors are in profit.
MatrixPort: The risk of panic sales for Bitcoin is low, because…
Singapore -based Blockchain MatrixPort analysts, Bitcoin’s price is $ 90,000 as long as it remains above the threshold of $ 90,000, it is likely that investors are likely to make panic sales. From time to time, as the transaction volumes that spread from $ 40 billion to $ 400 billion increase rapidly, more investors are thrown into this business. Matrixport thinks that this trend will “continue to be adopted in 2025”.
However, it should be noted that most volume increases tend to realize when prices and market value rise. As Matrixport points out, “The majority of Bitcoin investors are currently in profit and BTC reduces the possibility of panic sales as long as they remain over $ 90,000.” However, if the largest crypto currency decreases below this level, the sensitivity in the crypto market may vary depending on this.
Leader Crypto Money Make Resistance!
Analysts also draw attention to the decrease in the weekend transaction volumes, firstly attribute this to the increasing dominance of the corporate players doing weekday transactions. According to MatrixPort, this change gradually reduces the effect of individual traders and reshapes market dynamics. Despite all the turmoil on the market, Bitcoin is strongly attached to over $ 96,000. Where the things will go from now on, Bitcoin’s next move may be dependent. But not everyone was convinced that things are getting better.
Analysts point to a sign of flow pulse between the stock markets following Bitcoin’s movement between spot and derivative markets. As a rule, more BTC flow to derivatives is a sign of rise. However, it is currently flashing in the direction of the indicator and shows that Bitcoin may face more resistance before leaving. Investors and traders are also trying to understand the direction of Bitcoin.
