황소가 Bitcoin 가격 하락을 구매하지 않는 이유는 다음과 같습니다. $50,000

비트 코인 (BTC) has been bouncing at the $51,000 support for the past 44 일. 일반적으로, this would be interpreted as a positive occurrence, especially considering that the $50,000 level represents a 75% advance in 2021.

하나, cryptocurrency investors are typically short-term-focused and always overly optimistic. 그러므로, the current narrative for Bitcoin is slowly turning bearish but aside from sentiment, what story are the fundamentals telling?

하나, there is a possibility that the recent drop has its roots in the $1.55 billion options expiry set to occur on April 23. 이전에 Cointelegraph에서보고 한대로, bears have a $340 million advantage below $57,000. That could also explain why pro traders kept a neutral stance despite the 18% dip over the past eight days.

Coinbase의 Bitcoin 가격, USD. 출처: TradingView

반면에, some analysts such as Willy Woo have said that the Chinese coal mining accident caused the violent drop in Bitcoin’s hashrate. This event, plus the electricity outage in China’s Xinjiang region, may have reduced the Bitcoin network’s processing power by 19%, and it exposed its heavy dependency on coal-driven energy.

While critics jumped in to bash Bitcoin, Coin Metrics co-founder Nic Carter produced a well-researched rebuttal to some of the key claims. Carter points out that Bitcoin mining, which is relatively portable, is concentrated in areas where electricity is unused and cheap.

게다가, while the gold industry is environmentally destructive and diesel energy-dependent, Bitcoin mining can be fully powered by clean energy. Unlike precious metals, 비트 코인 채굴 자’ portability allows the use of previously wasted oil and gas resources.

어떤 경우 든, pro traders haven’t been adding positions during the recent BTC price correction.

Pro traders aren’t selling but are also not buying at any price level

Major cryptocurrency exchanges provide data on their top traderslong-to-short net positioning. This indicator is calculated by analyzing clientsconsolidated positions on the spot, 여유, and futures contracts. By doing this, it provides a clearer view of whether professional traders are leaning bullish or bearish.

다양한 거래소 사이에 때때로 방법론 불일치가 있음을 유의하는 것이 중요합니다., 따라서 절대 수치 대신 변화를 모니터링해야합니다..

Exchange’s top traders Bitcoin long-to-short ratio. 출처: Bybt

The chart above shows that top traders increased their exposure between April 14 4 월 17, while the Bitcoin price was above $60,000. 반면에, over the past five days, these whales and arbitrage desks remained relatively flat.

It is worth noting that the current 1.49 ratio favoring longs on OKEx remains lower than the 1.75 level seen on April 17. This data signals that top traders reduced their positions over the past five days.

A similar trend took place at Binance, where top traders net long-to-short ratio peaked at 1.25 4 월 17. Albeit slightly favoring longs, 현재 1.18 indicator sits at the lower range of the past three weeks.

마지막으로, Huobi top traders added long positions between April 14 4 월 18, but they kept a steady 0.90 ratio.

따라서, there is no doubt that whales and arbitrage desks are not adding to their long positions even as BTC tests the $52,000 support with a 20% correction from the April 14 피크.

하나, investors are encouraged to wait for Friday’s options expiry before jumping to any fast conclusions.

여기에 표현 된 견해와 의견은 전적으로 오토아르 자형 그리고 반드시 Cointelegraph의 견해를 반영하지는 않습니다.. 모든 투자 및 거래에는 위험이 수반됩니다. 결정을 내릴 때 스스로 조사해야합니다.

광고를 차단하자! (왜?)

출처: 코인 텔레그래프

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