Bitcoin ETF

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoins-volatile-week-sudden-movements-shake-the-market/" data-wpel-link="internal">Bitcoin’s Volatile Week: Sudden Movements Shake the Market</a><br></p>
<p style="text-align: justify"><strong>BTC</strong> is moving through its most active week of the year, and the expected is happening. Sudden buy/sell orders are causing price fluctuations. We saw the king of cryptocurrencies climb to $47,248 yesterday. This impressive rise was triggered by high-volume purchases within about an hour. However, these high-volume transactions are still ongoing.</p> 
<h2 style="text-align: justify" id="why-did-bitcoin-fall">Why Did Bitcoin Fall?</h2> 
<p style="text-align: justify">No, a decision on the spot <a href="https://en.coin-turk.com/the-potential-impact-of-spot-bitcoin-etfs-on-the-market-an-analysis-by-coinbase/" data-wpel-link="internal">Bitcoin</a> ETF has not yet been announced. However, major players continue to shake the markets with high-volume trades. We saw the price of BTC suddenly drop from $47,000 to $45,500 within 15 minutes. At the time of writing, BTC is at $46,500.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-300118 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/01/BTCUSDT_2024-01-09_16-13-06.png" alt="" width="1814" height="836"></p> 
<p style="text-align: justify">Especially the increasing volumes on the CME side are causing more volatility in the futures market. We will continue to see spikes in liquidation accumulation zones in both upward and downward directions. The cost of the last move was the wiping out of $400 million worth of open positions and $36 million in liquidations. But the good <a href="https://newslinker.co/" data-wpel-link="exclude">news</a> is that a new $200 million position was opened immediately. So, rather than being triggered by insider ETF rejection news, we experienced something like a liquidity hunt sale.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoins-volatile-week-sudden-movements-shake-the-market/" data-wpel-link="internal">Bitcoin’s Volatile Week: Sudden Movements Shake the Market</a></h5>

Bitcoin’s Volatile Week: Sudden Movements Shake the Market

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