• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Market Cap
  • Shop
What's Hot

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

2025-06-16

What Is Fully Diluted Valuation (FDV) in Crypto?

2025-06-12

What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

2025-06-09
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
Twitter Instagram YouTube
Crypto Semantic
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of January 28

    2025-02-03

    Op-Ed: The Artist and the Artificial Sublime

    2025-01-20

    Zora launches onchain NFT secondary markets with Uniswap

    2024-08-12

    NFT sales surge led by DMarket on Ethereum

    2024-08-12

    Top NFT Collections by Sales This Week: DMarket Surges Ahead

    2024-08-11
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Analyst Says Momentum Is Going To Switch to Ethereum, Predicts Capital Rotation to Altcoins

    2024-02-20

    Bitcoin Price Rally In Jeopardy? Decoding Key Hurdles To More Upsides

    2024-02-19

    Arweave’s AR token hits 18-month high amid rapid growth and innovation

    2024-02-19

    Largest Bitcoin Whales Gobble Up Nearly $13,000,000,000 Worth of BTC in 2024 Alone: Santiment

    2024-02-19

    NEAR Skyrockets 30% – Investors Intrigued By These Metrics

    2024-02-19
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Market Cap
  • Shop
Crypto Semantic
Home»Bitcoin»Bitcoin’s tumble takes investors on a wild ride: bulls and bears square off
Bitcoin

Bitcoin’s tumble takes investors on a wild ride: bulls and bears square off

2023-03-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • BTC traded briefly beneath the $20,000 worth degree on 10 March, resulting in important lengthy liquidations.
  • On the each day chart, elevated coin sell-offs had been noticed. 

Within the early buying and selling hours of 10 March, Bitcoin [BTC] traded momentarily beneath the $20,000 worth degree for the primary time in seven weeks, inflicting market-wide liquidations.

In response to information from CryptoRank, $422 million in lengthy and quick positions was liquidated from main derivatives exchanges, with 86.2% of liquidated positions being lengthy ones. 

Supply: CryptoRank

Whereas BTC reclaimed the $20,000 worth degree and traded at $20,662 at press time, pseudonymous CryptoQuant analyst Crazzy Blockk discovered that the momentary decline within the king coin’s worth triggered it to check the realized worth of $19,700. 


 Is your portfolio inexperienced? Take a look at the Bitcoin Revenue Calculator


In response to the analyst, “sustaining this degree is critical for the continued bullish outlook of the market.” That is so as a result of a sustained drop beneath this degree may point out a big loss in worth for BTC holders.

Supply: CryptoQuant

The bulls and bears slug it out within the open

At the moment buying and selling at a five-week low, the sharp fall in BTC’s worth on 10 March didn’t deter the whales from additional accumulating the king coin.

In response to Twitter analyst WuBlockchain, on the identical day, a number of BTC whales had been noticed shopping for name choices with a strike worth of $25,000 within the April expiration and promoting the identical strike name choices for the June expiration. 

Within the choices market, there have been a lot of calendar unfold transactions consisting of huge calls within the final hour, primarily concentrated in: BTC-25000-C purchase April and promote June; ETH-1600-C purchase April and promote June. @GreeksLive stated that this may increasingly present confidence in… https://t.co/c46OmX68vX pic.twitter.com/aGW8ZfqrUf

— Wu Blockchain (@WuBlockchain) March 10, 2023

Conversely, CryptoQuant analyst Baro Digital assessed BTC’s vortex indicator (VI) and located that “the positions of the bears started to strengthen on March 2, 2023, and proceed to strengthen till now.” In response to the pseudonymous analyst, BTC bears stay relentless with distribution regardless of some cool-off durations. 

See also  Why Bitcoin’s dominance may not stop altcoins' historical pattern

Advising traders to commerce with warning, Baro Digital warned:

“For now, vendor exhaustion mayn’t occur as a result of the domino impact because of the collapse of the FTX hasn’t but ended, and the White Home and different US authorities monetary establishments are attempting to kick Bitcoin in each doable approach. In a phrase, uncertainty is returning to the crypto market once more.”

Supply: CryptoQuant

Redder within the coming days?

In response to information from Coinglass, BTC has seen a big decline in Open Curiosity previously 24 hours. As of this writing, the coin’s Open Curiosity stood at $8.834 billion. For context, the coin’s Open Curiosity has declined by 19% within the final 10 days.

Supply: Coinglass

On a each day chart, elevated coin distribution has pressured key momentum indicators to lie beneath their impartial traces. For instance, oversold at press time, BTC’s Relative Energy Index (RSI) and Cash Move Index (MFI) had been 30.52 and 29.08, respectively. 


Learn Bitcoin [BTC] Worth Prediction 2023-24


Additionally, the Chaikin Cash Move (CMF) was positioned in a downtrend at -0.06, beneath the centerline. This was a bearish sign because it meant that promoting outweighed shopping for, thus projecting an extra decline in BTC’s worth.

Supply: BTC/USDT on TradingView



Source link

Bears Bitcoins Bulls investors Ride Square takes tumble Wild
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Nigerian investors blindsided by massive CBEX Ponzi scheme

2025-04-15

How Many Bitcoins Are There? – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2025-02-13

Metafide CEO on Trump’s New DeFi Project, the Evolution of the Crypto Industry, and Bitcoin’s Role in the Financial System

2024-09-17

Nolus announces major update introducing volatile base currencies and new investors

2024-09-11
Add A Comment

Leave A Reply Cancel Reply

Top Posts
NFT

BAYC copycat files opposition to 10 Yuga Labs trademark applications

2023-02-10

NFT One of many founders of the Bored Ape Yacht Membership copycat NFT assortment RR/BAYC…

Altcoins

Bitcoin’s UTXO hit 82% in profit- What does it mean for your portfolio?

2023-02-17

Bitcoin’s UTXO hit 82% in revenue, on-chain knowledge disclosed. The BTC premium was in excessive…

NFT

NFT sales surge led by DMarket on Ethereum

2024-08-12

DMarket led the non-fungible tokens (NFTs) market on August 11 with a gross sales efficiency…

Subscribe to Updates

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Twitter Instagram
Popular Post

Can NFTs Be Securities?

2023-03-30

Nostra expands to Ethereum-compatible Monad following community vote

2024-08-09

South Korean Regulators Turn up Heat on ‘Gangnam Style’ PSY’s NFT Concert Ticket Sales

2024-02-04

Get the latest news and Update from Crypto Semantic about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Financial Disclosure
© 2025 cryptosemantic.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$107,102.001.59%
  • ethereumEthereum(ETH)$2,581.341.95%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.254.05%
  • binancecoinBNB(BNB)$654.221.08%
  • solanaSolana(SOL)$151.47-1.63%
  • usd-coinUSDC(USDC)$1.000.00%
  • Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • bitcoinBitcoin(BTC)$107,102.001.59%
  • ethereumEthereum(ETH)$2,581.341.95%
  • tetherTether(USDT)$1.000.02%
  • rippleXRP(XRP)$2.254.05%
  • binancecoinBNB(BNB)$654.221.08%
  • solanaSolana(SOL)$151.47-1.63%
  • usd-coinUSDC(USDC)$1.000.00%
bitcoin
Bitcoin (BTC) $ 107,136.70
ethereum
Ethereum (ETH) $ 2,581.85
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 654.27
solana
Solana (SOL) $ 151.55
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.174032
tron
TRON (TRX) $ 0.274508
staked-ether
Lido Staked Ether (STETH) $ 2,579.96
bitcoin
Bitcoin (BTC) $ 107,136.70
ethereum
Ethereum (ETH) $ 2,581.85
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.25
bnb
BNB (BNB) $ 654.27
solana
Solana (SOL) $ 151.55
usd-coin
USDC (USDC) $ 1.00
dogecoin
Dogecoin (DOGE) $ 0.174032
tron
TRON (TRX) $ 0.274508
staked-ether
Lido Staked Ether (STETH) $ 2,579.96