Monday, June 2, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    Courtyard Tops Sales, Doodles Leads in Growth

    Courtyard Tops Sales, Doodles Leads in Growth

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    NFT sales drop to $129.8m, Avalanche sales surge 200%

  • Gaming
    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    The Biggest Games Releasing in June 2025

    The Biggest Games Releasing in June 2025

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    The Biggest Shutdowns So Far in 2025

    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    The Main Differences Between Crypto Exchanges

    What Is a DEX? How DEXs Work and Why They Matter

    What Is Blockchain? Blockchain Technology Explained for Beginners

    What Is Blockchain? Blockchain Technology Explained for Beginners

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    Courtyard Tops Sales, Doodles Leads in Growth

    Courtyard Tops Sales, Doodles Leads in Growth

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    NFT sales drop to $129.8m, Avalanche sales surge 200%

  • Gaming
    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    The Biggest Games Releasing in June 2025

    The Biggest Games Releasing in June 2025

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    The Biggest Shutdowns So Far in 2025

    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

    OpenSea Ends Beta, Launches OS2 with Multi-Chain Support, XP Rewards & SEA Token

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

    What’s the Real Difference for Beginners?

    What’s the Real Difference for Beginners?

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

    The Main Differences Between Crypto Exchanges

    What Is a DEX? How DEXs Work and Why They Matter

    What Is Blockchain? Blockchain Technology Explained for Beginners

    What Is Blockchain? Blockchain Technology Explained for Beginners

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

    Blockchain Layers Explained for Beginners: L1, L2, L3 Solutions

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

Bitcoin finds its footing despite German sell-off as key area surges

July 10, 2024
in Bitcoin
27
Bitcoin finds its footing despite German sell-off as key area surges
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
  • Germany recently moved a large amount of its Bitcoin in the last few days.
  • Daily activity on the Bitcoin network grew significantly as well.

Optimism around Bitcoin [BTC] surged in recent days as prices reclaimed the $59,000 level. However, recent moves made by the German government may cause cynicism amongst holders.

What is Germany up to?

In the last 24 hours, there was significant activity in the German government’s cryptocurrency wallet. The wallet transferred out 6,307 Bitcoins, valued at roughly $362.1 million.

However, it also received 2,810 BTC, amounting to $161.6 million. This suggests that the German government may have been engaged in selling some of its Bitcoin holdings.

The net difference translated to a potential sale of 3,497 BTC, worth approximately $200.5 million. Following these transactions, the German government had 23,964 BTC remaining, valued at around $1.38 billion.

Selling a significant amount can inject additional sell pressure into the market, potentially leading to a temporary dip. This effect could be amplified if the market is already bearish and reacts negatively to the news.

However, the impact might be mitigated by several factors. If the government sells gradually, it can minimize the immediate price drop.

A strong overall market with high buying activity can easily absorb the additional supply.

It’s also worth noting that the market may have already priced in some of this impact, considering the previous large sale of seized BTC by Germany in June.

Source: X

Will the bulls bleed?

Analyst Ki Young Ju highlighted the absence of a long squeeze in the current Bitcoin cycle. In a long squeeze, a sudden price drop forces long holders to sell, potentially accelerating the decline.

See also  Bitcoin nears all-time high, but THIS concern rises - Is a pullback likely?

To gauge the possibility of a long squeeze, analysts use the long/short squeeze ratio. This ratio, calculated as hourly liquidation volume divided by total taker volume, indicated an imbalance between long and short positions.

While Bitcoin witnessed short squeezes near $66,000 this year when short sellers were liquidated and squeezed out, the prior cycle saw four long squeezes around $55,000.

Ki Young Ju’s observation suggested the current cycle might be ripe for a long squeeze, potentially impacting Bitcoin’s price movement.

Source: X


Read Bitcoin’s [BTC] Price Prediction 2024-2025


Daily activity for Bitcoin rises

At press time, BTC was trading at $58,989.30 and its price had grown by 2.97% in the last 24 hours.

The number of daily active addresses on the Bitcoin network grew materially over the last few days, indicating that interest in Bitcoin’s ecosystem also grew along with BTC’s price.

Source: Santiment

Next: ‘Misguided’ SAB 121 crypto regulation bill returns to Capitol Hill: What now?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

  • Germany recently moved a large amount of its Bitcoin in the last few days.
  • Daily activity on the Bitcoin network grew significantly as well.

Optimism around Bitcoin [BTC] surged in recent days as prices reclaimed the $59,000 level. However, recent moves made by the German government may cause cynicism amongst holders.

What is Germany up to?

In the last 24 hours, there was significant activity in the German government’s cryptocurrency wallet. The wallet transferred out 6,307 Bitcoins, valued at roughly $362.1 million.

See also  Bitcoin ETF Options gain SEC approval - Is Wall Street finally embracing crypto?

However, it also received 2,810 BTC, amounting to $161.6 million. This suggests that the German government may have been engaged in selling some of its Bitcoin holdings.

The net difference translated to a potential sale of 3,497 BTC, worth approximately $200.5 million. Following these transactions, the German government had 23,964 BTC remaining, valued at around $1.38 billion.

Selling a significant amount can inject additional sell pressure into the market, potentially leading to a temporary dip. This effect could be amplified if the market is already bearish and reacts negatively to the news.

However, the impact might be mitigated by several factors. If the government sells gradually, it can minimize the immediate price drop.

A strong overall market with high buying activity can easily absorb the additional supply.

It’s also worth noting that the market may have already priced in some of this impact, considering the previous large sale of seized BTC by Germany in June.

Source: X

Will the bulls bleed?

Analyst Ki Young Ju highlighted the absence of a long squeeze in the current Bitcoin cycle. In a long squeeze, a sudden price drop forces long holders to sell, potentially accelerating the decline.

To gauge the possibility of a long squeeze, analysts use the long/short squeeze ratio. This ratio, calculated as hourly liquidation volume divided by total taker volume, indicated an imbalance between long and short positions.

While Bitcoin witnessed short squeezes near $66,000 this year when short sellers were liquidated and squeezed out, the prior cycle saw four long squeezes around $55,000.

Ki Young Ju’s observation suggested the current cycle might be ripe for a long squeeze, potentially impacting Bitcoin’s price movement.

Source: X


Read Bitcoin’s [BTC] Price Prediction 2024-2025

See also  How Bitcoin Runes recorded 15.6M transactions in just 4 months

Daily activity for Bitcoin rises

At press time, BTC was trading at $58,989.30 and its price had grown by 2.97% in the last 24 hours.

The number of daily active addresses on the Bitcoin network grew materially over the last few days, indicating that interest in Bitcoin’s ecosystem also grew along with BTC’s price.

Source: Santiment

Next: ‘Misguided’ SAB 121 crypto regulation bill returns to Capitol Hill: What now?
Tags: areaBitcoinFindsFootingGermankeySellOffsurges

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
Jack Dorsey’s Block and Core Scientific Revolutionize Bitcoin Mining Chips!

Jack Dorsey’s Block and Core Scientific Revolutionize Bitcoin Mining Chips!

Comments 27

  1. arbitrazh_sukr says:
    11 months ago

    Секреты успешного арбитража трафика, для увеличения вашего дохода.
    5 причин начать заниматься арбитражем трафика прямо сейчас, даже если вы новичок в этом деле.
    Где искать высокодоходные источники трафика для вашего проекта, чтобы минимизировать риски и максимизировать прибыль.
    Топ-стратегии по созданию успешных рекламных компаний для арбитража трафика, для обеспечения высокой отдачи от инвестиций.
    Способы заработка на арбитраже трафика без рисков и потерь, при помощи умных тактик и инновационных решений.
    купить пуш трафик https://traffic-arbitrage.com/ .

    Reply
  2. seo_olsr says:
    10 months ago

    A reliable SEO company for improving search engine rankings, the optimal solution for online promotion.
    Optimal choice of an SEO company for your business, strategies for successful selection.
    Benefits of cooperating with an SEO company, growth of your sales.
    An article about the best SEO companies, what clients say.
    How to improve search engine rankings with the help of an SEO company, major benefits.
    seo agency https://www.seorg-seo.com/ .

    Reply
  3. wedding_miEl says:
    10 months ago

    Wedding Bells Productions: your wedding dreams come true, let us.

    wedding videographer detroit prices http://www.bestwedding-video.com/locations/detroit .

    Reply
  4. kredit_tjst says:
    10 months ago

    Кредит под залог: доступные условия, преимущества.

    ипотека загородной недвижимости в СПб https://ctekc.ru .

    Reply
  5. newest_ghMt says:
    9 months ago

    slot games online uk 24bet-casino.com .

    Reply
  6. new_jqSl says:
    9 months ago

    New UK Online Casinos: Your New Gaming Destination
    casino slots uk casino slots uk .

    Reply
  7. all_vgei says:
    9 months ago

    Play and Win Real Money
    All Australian Casino Guide
    free australian online casino free australian online casino .

    Reply
  8. rent_eppa says:
    9 months ago

    Mobility and comfort with car rental, wide range of services.

    Reply
  9. newest_svSl says:
    9 months ago

    a dragons story play online https://www.casinowild24.com/all-games/slots/9-pots-of-gold.

    Reply
  10. rent_vgpi says:
    9 months ago

    How to save money on car rental, and get the best price and rental conditions

    Reply
  11. blackjack_txEr says:
    9 months ago

    craps game free craps game free .

    Reply
  12. casino_aqmt says:
    8 months ago

    online casino no download online casino no download .

    Reply
  13. distribyut_cepn says:
    8 months ago

    Топовый поставщик техники от Microsoft, которому можно доверять.

    разработка бизнес решений power apps http://www.best-lip-filler.com/ .

    Reply
  14. double_hmor says:
    8 months ago

    Secrets of the durability of double glazed windows in Melbourne
    double glazed windows http://www.bestnosefiller.com/double-glazed-melbourne/ .

    Reply
  15. domestic_vmKa says:
    7 months ago

    What are the benefits of having pets, why domestic animals have become so popular.
    tips for choosing a pet, which pet breed is right for you.how to ensure comfort and care for pets, how to feed pets.fun facts about pets, how pets influence us.tips for training pets, how to teach a parrot to talk.
    are cats domestic animals https://www.petstorepetsupply.com/index.php/2024/06/15/container-gardening-basics/ .

    Reply
  16. new_nion says:
    7 months ago

    Cutting-edge inventions that are redefining the future, technologies that will blow your mind.
    new inventions http://www.washingtondchotelsonline.com/ .

    Reply
  17. luxury_gvOn says:
    6 months ago

    Elite cars at your disposal
    rent mercedes benz g63 trafficarbitration.com/cars/g63 .

    Reply
  18. command_rkPa says:
    6 months ago

    The history of command coins, and what makes collecting command coins special.
    The most reputable sources for team coin collections, and what checks to conduct before purchasing.
    sports coins ottawa http://www.command-coins.com/blogs/articles/custom-sports-challenge-coins/ .

    Reply
  19. interwood_oket says:
    5 months ago

    Quality materials in Interwood caskets
    pinnacle handmade pet casket for dogs https://best-interwood.com/ .

    Reply
  20. pine_bsei says:
    4 months ago

    Get the best pine lumber for your needs, Check out our wide range of pine lumber products,pet caskets vaults for dogs distressed-paneling.com .

    Reply
  21. heating_kqet says:
    4 months ago

    Top heating and air companies in your area, The most reliable heating and air companies to choose from.

    heater maintenance http://pump-maintenance.com/heating-services/heating-maintenance.html/ .

    Reply
  22. all_usOr says:
    4 months ago

    Our recommendations for online casinos: enjoy yourself

    best online casino no deposit http://casinoroyalspins.com/casino-reviews/no-deposit-casinos/ .

    Reply
  23. trusted_arPt says:
    4 months ago

    Choose only reliable online casinos, for exciting wins.
    Choose reliable gaming sites, for guaranteed gambling pleasure.
    Reliable online casinos for true thrill-seekers, for unforgettable gaming emotions.
    Trust only trusted online casinos, for guaranteed gambling pleasure.
    Choose only trusted gambling sites, for safe play and pleasant time.
    Play only at reliable online casinos, for safe and enjoyable gambling.
    Reliable online casinos for true gambling fans, for unforgettable gaming emotions.
    online casino no deposit bonus no download instant play https://www.royalspins-game.com/casino-reviews/no-download-casinos/ .

    Reply
  24. casino_oomi says:
    4 months ago

    Enjoy a variety of games at online casinos, we’re waiting for you.

    live gambling online https://www.casinowolfspins.com/casino-reviews/live-casinos/ .

    Reply
  25. Donaldchuth says:
    3 months ago

    Vibracion mecanica
    Aparatos de equilibrado: esencial para el operación fluido y eficiente de las equipos.

    En el mundo de la ciencia actual, donde la eficiencia y la seguridad del sistema son de gran trascendencia, los equipos de ajuste cumplen un rol vital. Estos sistemas adaptados están diseñados para equilibrar y regular elementos móviles, ya sea en maquinaria de fábrica, medios de transporte de transporte o incluso en aparatos domésticos.

    Para los especialistas en soporte de aparatos y los ingenieros, utilizar con sistemas de equilibrado es fundamental para proteger el funcionamiento suave y seguro de cualquier sistema rotativo. Gracias a estas herramientas tecnológicas avanzadas, es posible limitar notablemente las vibraciones, el sonido y la presión sobre los sujeciones, extendiendo la vida útil de elementos costosos.

    También importante es el función que juegan los dispositivos de equilibrado en la asistencia al usuario. El asistencia especializado y el conservación permanente empleando estos sistemas posibilitan ofrecer soluciones de excelente excelencia, elevando la contento de los usuarios.

    Para los dueños de negocios, la financiamiento en equipos de ajuste y dispositivos puede ser importante para incrementar la rendimiento y eficiencia de sus sistemas. Esto es principalmente significativo para los dueños de negocios que manejan medianas y medianas emprendimientos, donde cada punto importa.

    Por otro lado, los equipos de calibración tienen una vasta aplicación en el ámbito de la prevención y el control de nivel. Habilitan localizar posibles errores, impidiendo mantenimientos onerosas y perjuicios a los aparatos. Más aún, los resultados extraídos de estos sistemas pueden aplicarse para optimizar procesos y incrementar la visibilidad en plataformas de investigación.

    Las zonas de utilización de los equipos de ajuste cubren numerosas ramas, desde la producción de transporte personal hasta el supervisión ambiental. No importa si se habla de extensas fabricaciones manufactureras o reducidos locales caseros, los equipos de calibración son indispensables para garantizar un rendimiento eficiente y libre de paradas.

    Reply
  26. pitevaya_awKa says:
    3 months ago

    Питьевая вода: как не ошибиться в выборе, находите, советы.
    Питьевая вода и ваше здоровье, узнайте, о чистой воде.

    аква роял 19 л доставка воды [url=https://www.fountain-water.com/voda-aqua-royale/]https://www.fountain-water.com/voda-aqua-royale/[/url] .

    Reply
  27. steps_ueKa says:
    3 days ago

    Steps for a Successful Business Launch, core strategies.

    sustainable packaging solutions http://www.buisenessdays.com/sustainable-business-practices-how-going-green-can-boost-your-brand .

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Solana-based multisig protocol Squads raises $5.7 million

Solana DEX aggregator Jupiter starts token airdrop, with 10% of supply set to be allocated

December 2, 2023
Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction

Hashrate Climbs 25 EH/s in 8 Days as Bitcoin Miners Adjust to Network Difficulty Reduction

August 18, 2024
TRALA LAB Partners with zkSync to Pioneer Next-Gen Gaming Experience

TRALA LAB Partners with zkSync to Pioneer Next-Gen Gaming Experience

April 4, 2024
Navigating the Clouds of Cryptocurrency Mining

Navigating the Clouds of Cryptocurrency Mining

January 31, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche
  • Riot Platforms Taps Data Center Veteran to Expand Beyond Bitcoin Mining
  • Bitcoin Miners Bank Big in May—Highest Monthly Earnings Since the Halving

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.