2024

Bitcoin

Billion

Grayscale Bitcoin Trust

<p>The post <a href="https://coinpedia.org/news/bitcoins-big-jump-might-lead-to-1-billion-liquidations-analyst-warns-of-bitcoins-price-changes/">Bitcoin Breaks $42k! Bull Run or Mass Liquidations – What’s Next?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>In a recent tweet, Negentropic, co-founder of Glassnode, shared insights into Bitcoin’s current status. As <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/">Bitcoin</a> surpassed $42,200, Negentropic noted the creation of a significant liquidity pool for long positions, indicating a “neutral impulse.”</p> 
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   <p lang="en" dir="ltr">"Liquidity is KEY."<br><br>1. Bitcoin Analysis: Bitcoin surged to $42.2k, providing liquidity for long positions, with a neutral impulse.<br><br>2. Liquidity Gap: The price is moving to fill the liquidity gap above $42k, indicating potential volatility. Approximately $659 million in… <a href="https://t.co/wStqXqmLRN">pic.twitter.com/wStqXqmLRN</a></p>— 𝗡𝗲𝗴𝗲𝗻𝘁𝗿𝗼𝗽𝗶𝗰 (@Negentropic_) <a href="https://twitter.com/Negentropic_/status/1751916305249169753?ref_src=twsrc%5Etfw">January 29, 2024</a>
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<p>This move suggests Bitcoin’s strategic plan to surpass the $42,000 liquidity threshold, potentially ushering in increased volatility and reshaping market sentiment. Liquidations totaling $659 million have occurred, with Negentropic anticipating a potential rise to $1 billion in short positions as optimism grows.</p> 
<p>Positively, there’s reduced selling pressure from <a href="https://coinpedia.org/news/bitcoin-btc-price-to-take-deep-plunge-matrixport-makes-bold-predictions-at-36k/">Grayscale Bitcoin Trust (GBTC)</a> investors, a key factor contributing to an optimistic outlook on Bitcoin.</p> 
<h2 class="wp-block-heading" id="h-china-regains-stability">China Regains Stability </h2> 
<p>Negentropic draws connections between the surge in crypto market liquidity and China’s efforts to stabilize its financial markets. <a href="https://coinpedia.org/news/justin-sun-predicts-china-to-join-the-crypto-etf-race/">China’s</a> central bank injecting $140 billion adds an intriguing layer to global market sentiment, impacting both Bitcoin and traditional stock markets.</p> 
<p>This liquidity injection serves as a catalyst not only for cryptocurrencies but also for traditional stock markets. The broader impact is expected to unfold in the first half of 2024.</p> 
<p>Read More: <a href="https://coinpedia.org/news/peoples-bank-of-china-rrr-cut-expected-to-boost-bitcoin/">People’s Bank of China Pumps $139 Billion: RRR Cut to Boost Crypto!</a></p> 
<h2 class="wp-block-heading" id="h-bullish-trends-and-expert-opinions"><strong>Bullish Trends and Expert Opinions</strong></h2> 
<p>Amid this backdrop, bullish sentiments continue to prevail. Analysts like Jelle see promise in Bitcoin reclaiming the $42,000 level, suggesting that, it might be “time to focus on longs once again. </p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> made stellar progress over the weekend, reclaiming $42,000 and making it back into the range.<br><br>Time to focus on longs once again. Bull market stays on! <a href="https://t.co/T7fgmsVIGs">pic.twitter.com/T7fgmsVIGs</a></p>— Jelle (@CryptoJelleNL) <a href="https://twitter.com/CryptoJelleNL/status/1751881197691490373?ref_src=twsrc%5Etfw">January 29, 2024</a>
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<p>Michael van de Poppe goes a step further, suggesting that the recent correction might be a thing of the past.</p> 
<p>Also Read: <a href="https://coinpedia.org/price-analysis/why-is-bitcoin-price-up-today-here-are-the-major-fueling-factors/">Why is Bitcoin Price Up Today? Here Are the Major Fueling Factors</a></p> 
<p>Meanwhile a well-known Chart analysis Ali adds weight to these positive sentiments, pointing to a 3% increase in the number of large Bitcoin holders in just two weeks. An additional 46 entities now possess 1,000 BTC or more, reflecting growing confidence among institutional investors.</p> 
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   <p lang="en" dir="ltr">Even amidst this market correction, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> whales are not slowing down – they're accumulating more <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a>!<br><br>In fact, there's been a notable increase in major players: 46 new entities now hold 1,000 <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> or more, marking a 3% increase in just two weeks. <a href="https://t.co/GVNInKW7A2">pic.twitter.com/GVNInKW7A2</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1750234009035243646?ref_src=twsrc%5Etfw">January 24, 2024</a>
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<h2 class="wp-block-heading" id="h-current-snapshot">Current Snapshot</h2> 
<p>As of now, <a href="https://markets.coinpedia.org/bitcoin/?_gl=1*1qijunx*_ga*NTQzNDc3MzQ4LjE2OTcxODMzODc.*_ga_RE1GG3FGQW*MTcwNjU4OTEzMy44Ny4xLjE3MDY1OTk4MDAuMTAuMC4w">Bitcoin</a> is trading at $43,466, reflecting an 8.9% increase over the past week. However, the daily trading volume has dipped from $26 billion to $14 billion, indicating a cautious sentiment among investors navigating this wave of market dynamics.</p>

Bitcoin Breaks $42k! Bull Run or Mass Liquidations – What’s Next?

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