Bitcoin

<ul><li>Despite the abrupt withdrawal of $120 million in Bitcoin bids, the cryptocurrency market continues to show remarkable resilience and strength.</li><li>According to CrediBULL, Bitcoin&#39;s resilience showed as bids filled and prices popped upwards, with strong signs pointing to further gains.</li><li>Bitcoin&#39;s hourly surge above $66,000 and market cap rise to $1.3 trillion overshadow weekly dip despite a 27% fall in trading volume.</li></ul>Cryptocurrency analyst CrediBULL <a href="https://twitter.com/CredibleCrypto/status/1779726471424090580" rel="noopener noreferrer nofollow">reported</a> that bids amounting to a staggering $120 million in Bitcoin were abruptly pulled from the market. Such moves of large-scale bid withdrawals are uncommon and can often indicate shifting market dynamics.Despite this significant withdrawal, the analyst pointed out that the spot market is still trading at a premium. Market liquidity and the depth of the order books often dictate immediate price movements following such events. However, a substantial amount of potential buying power was removed, and the remaining market participants appear undeterred, continuing to value <a href="https://cryptotale.org/is-bitcoin-heading-for-a-major-fall-experts-take-on-btcs-precarious-position/" rel="noopener noreferrer nofollow">Bitcoin</a> above recent average exchange prices.The chart analysis has highlighted the scale of the withdrawn bids. According to the chart, a red box indicates the absence of previously present bids, corresponding to 2100 BTC at the time of the event.<a href="https://cryptotale.org/massive-120-million-bitcoin-bid-order-withdrawn-analyst-reports/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Massive $120 Million Bitcoin Bid Order Withdrawn, Analyst Reports

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Alte articole publicate pe 15 apr. 2024

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