The six -digit value of BTC is not only an impressive milestone for the entire encryption industry, but also associated with “disadvantaged” events such as liquidation for short traders. The insights on the chain about the “following” when the price of bitcoin exceeds $ 100,000:
What is the following BTC price after $ 100,000?
In recent reports, Blockchain Analytics Firm Glassnode has shared insights on the on -fin performance of premium cryptocurrency since the latest rally. The $ 100,000 price mark seems inevitable, but blockchain companies hope that the price of bitcoin will lose some of the momentum after the target.
One of the theoretical evidence behind this prediction is the recent actions of investor Cohoat, known as a long -term holder (LTH). According to Glassnode, long -term holders are starting to off -road for profits and the price action continues to be stronger, so they may be waiting for more coins to sell.
Source: Glassnode/X
These major investors are increasingly distributing assets based on the data of the LTH expenditure binary indicator, which tracks the strength of the cellside pressure of long -term holders. This spending binary metrics indicate that the LTH balance has decreased in the past 15 days.
In particular, the demand from institutional investors absorbed 90 % of the cellside pressure from long -term investors via the US spot exchange trade fund (ETF), but Glassnode exceeds the expenditure pressure of this investor cohort. He pointed out that it is starting to be. Recent ETF pure inflow. I noticed this pattern in the first half of February 2024.
According to Glassnode, if the cellside pressure exceeds the ETF demand, it may lead to a short -term price fluctuation or a price integration. The company on the chain said:
However, since November 13, the pressure of LTH Celized has begun to exceed the pure inflow of ETFs, reflecting the patterns observed in late February 2024, and the implications of supply and supply increase in market volatility. And brought in integration.
If the price of bitcoin exceeds this level, it is settled $ 1.89 billion
On November 22, X, the famous cryptanalist Ali Martinez warned Bitcoin Bears. According to Coinglass data, if the bitcoin price reaches $ 100,625, a large -scale $ 1.89 billion clearing is set.
Source: ALI_CHARTS/X
At the time of writing this article, the highest cryptocurrency was evaluated as $ 99,424, reflecting the 1.4 % increase on the previous day. Coingecko’s data shows that the price of bitcoin is much more impressive in the weekly time frame, almost 10 % in the past seven days.
Bitcoin price in daily time frame | Source: TradingView BTCUSDT chart
Special image of Istock, TradingView chart