Litecoin

Hope

Millions

<p><a href="https://twitter.com/ali_charts/status/1748277869766156408?t=JM2Ng7cZjDIr2ysPtMRqjg&amp;s=19" target="_blank" rel="nofollow">According to analyst Ali</a>, a staggering 59,000 BTC was recently sold by large investors who initially purchased around $26,000. This sale netted an impressive 57.69% profit equating to total gains of approximately $885 million.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="666" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-1024x666.png" alt="" class="wp-image-424843" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-1024x666.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-300x195.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-768x499.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-1536x998.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-2048x1331.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-231x150.png 231w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-538x350.png 538w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566-788x512.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-566.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><strong>Continuing Price Weakness</strong></p> 
<p><a href="https://twitter.com/santimentfeed/status/1748076511146729785?t=BzqBok9GSXbGxGb4XAMQ-g&amp;s=19" target="_blank" rel="nofollow">As Santiment points out,</a> crypto continues to see concerning price declines with total market caps falling 7.5% over the past week. The recent Bitcoin ETF approvals appear to be a “buy the rumor, sell the news” event contributing to weakness.</p>  
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0">
  <i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Transform Hundreds Into Millions With the Magic of Memecoins – think $BONK, but bigger!
   <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style> 
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px"> 
    <p>The key? Getting in early, especially during the IDO phase. <strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank">Get in on NuggetRush</a></strong> now! This innovative memecoin blends play-to-earn gaming with real-world gold mining. Join soon to take advantage of the<strong><a href="https://captainaltcoin.com/go/ll_inside/" target="_blank"> current ICO prices</a></strong>!</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div> 
 </div>
</div> 
<p><strong>Hope for Potential Rebound</strong></p> 
<p>However, Santiment offers a glimmer of hope in pointing out that excessive bearish sentiment can sometimes trigger a major bounce. As panic selling sets in and negativity reaches an apex, it establishes the conditions for a reversal by washing out the weak hands. The market bottoms when the selling has climaxed.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="669" src="https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-1024x669.png" alt="" class="wp-image-424851" srcset="https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-1024x669.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-300x196.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-767x501.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-1536x1004.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-2048x1338.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-230x150.png 230w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-100x65.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-336x220.png 336w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-536x350.png 536w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567-788x514.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/01/image-567.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
<p><em>Source: <strong><a class="thirstylink" rel="nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p> 
<p>As Santiment notes, “If traders begin to panic, their big sell-offs and #bearish sentiment may trigger a bounce.” In other words, there is a chance the intensity of the current selling could exhaust itself, allowing savvy dip-buyers to come in and spark a relief rally. These bounces induced by overwhelming pessimism tend to be fast and technical in nature.</p> 
<p>So while heavy dumping continues currently, Santiment suggests keeping an eye out for capitulation signals. If price action shows evidence of panic reaching a crescendo, a bounce could swiftly materialize. However, pinpointing the precise bottom is difficult.</p> 
<p>You may also be interested in:</p> 
<ul> 
 <li><a href="https://captainaltcoin.com/choppy-waters-ahead-heres-the-risk-of-a-pre-halving-bitcoin-selloff/" target="_blank">Choppy Waters Ahead? Here’s the Risk of a Pre-Halving Bitcoin Selloff</a></li> 
 <li><a href="https://captainaltcoin.com/solana-sol-turns-bullish-across-all-timeframes-but-analyst-insists-this-resistance-must-break-first/" target="_blank">Solana (SOL) Turns Bullish Across All Timeframes but Analyst Insists This Resistance Must Break First</a></li> 
 <li><a href="https://captainaltcoin.com/btc-66-fund-rate-ltcs-rally-profitable-mining-of-blockdag-coin/" target="_blank">BlockDAG Unveils Miners for Profitable Mining as Bitcoin’s Funding Rate Hits 66%, and Litecoin Expects a Rally</a></li> 
</ul> 
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style=""> 
 <div class="col_wrap_two mb0"> 
  <div class="offerbox_big_wrap flowhidden"> 
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a> 
   </div> 
   <div class="product-summary col_item mobileblockdisplay"> 
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-nofollow-sponsored-span-check-nuggetrush-nugx-span-a"> <a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> <span>Check NuggetRush ($NUGX)</span> </a> </h3> 
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div> 
    <div class="buttons_col mb25 rh_big_btn_inline"> 
     <div class="priced_block clearfix"> 
      <div> <a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="nofollow sponsored"> Buy NUGX Today </a> 
      </div> 
     </div> 
    </div> 
    <div class="bigofferdesc">
     <i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members
     <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div> 
   </div> 
  </div> 
 </div> 
</div> 
<p>The post <a href="https://captainaltcoin.com/whales-dump-59000-bitcoin-btc-as-crypto-market-decline-continues-but-top-analyst-offers-some-hope/">Whales Dump 59,000 Bitcoin (BTC) as Crypto Market Decline Continues, but Top Analyst Offers Some Hope</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Whales Dump 59,000 Bitcoin (BTC) as Crypto Market Decline Continues, but Top Analyst Offers Some Hope

Table of Contents

CaptainAltcoin

Other articles published on Jan 19, 2024

SatoshiVM’s Token Allocation: Laying the Foundations

180 Billion Dollars Managing Co-Founder Makes Surprising Remarks: “Both Gold and Bitcoin Lack Rea...

Solana Mobile 2’s Impressive Pre-Order Performance and Comparison with Apple Vision Pro

ETF Applications in Other Countries Gained Speed After SEC Approved Bitcoin ETF!

HTX exchange resumes operations after DDoS attack

$9M funding round to enhance liquidity at Woo X

Join our free newsletter for daily crypto updates!