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 above recent average exchange prices.The chart analysis has highlighted the scale of the withdrawn bids.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a href="https://cryptotale.org/massive-120-million-bitcoin-bid-order-withdrawn-analyst-reports/" rel="noopener noreferrer nofollow"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Massive $120 Million Bitcoin Bid Order Withdrawn, Analyst Reports

CryptoTale

Інші статті, опубліковані 15 квіт. 2024 р.

Hong Kong Approves Bitcoin, Ethereum ETFs

Moonshot Altcoins: Cryptos That Are Ready to Blast Off!

Bitcoin Miner Moves 50 BTC After 14 Years, Miners Preparing for Selloff?

Bitcoin & Ethereum Price Prediction: How High Can BTC & ETH Price Surge This Bull Run

Ethereum Founder Vitalik Under Fire After Sending $325K to Privacy Protocol

What Will Be the Impact of the Approval of Bitcoin and Ethereum Spot ETFs in Hong Kong? How Will ...

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!