Current Situation and Expectations in the Bitcoin Market

48 hours before the halving process, the Bitcoin market is facing many rumors and uncertainties. Last week, there were significant liquidations in the crypto market due to macroeconomic factors. Additionally, while Bitcoin’s price was at $61,255, altcoins were also under selling pressure. Market analysts state that the market will progress slowly under the current conditions. Halving and Market Expectations Halving usually signals a positive increase for Bitcoin, but this year’s situation appears more complex. There are signs that the market may experience a decline after Bitcoin’s halving. Investors and market analysts continue to be cautious before and after this significant event. Miner and Whale Movements The movements of Bitcoin whales and miners play a critical role in determining the market direction. When whales move large amounts of Bitcoin assets from centralized exchanges to wallets, it is often interpreted as a sign of a long-term stance and can support an increase. […]

Current Situation and Expectations in the Bitcoin Market

48 hours before the halving process, the Bitcoin market is facing many rumors and uncertainties. Last week, there were significant liquidations in the crypto market due to macroeconomic factors. Additionally, while Bitcoin’s price was at $61,255, altcoins were also under selling pressure. Market analysts state that the market will progress slowly under the current conditions.

Halving and Market Expectations

Halving usually signals a positive increase for Bitcoin, but this year’s situation appears more complex. There are signs that the market may experience a decline after Bitcoin’s halving. Investors and market analysts continue to be cautious before and after this significant event.

Miner and Whale Movements

The movements of Bitcoin whales and miners play a critical role in determining the market direction. When whales move large amounts of Bitcoin assets from centralized exchanges to wallets, it is often interpreted as a sign of a long-term stance and can support an increase. However, movements towards exchanges may indicate an imminent sale.

Useful Information

Halving usually causes an increase in Bitcoin price, but this year’s market conditions may lead to different effects.
Miner and whale movements are important indicators for predicting the market direction.
Decreases in transaction volumes may indicate reduced overall market sensitivity and transitioning to a bear market.

Finally, changes in transaction volumes and RSI values provide important signals for the market. Evaluating these changes with net inflows during the stabilization and recovery process of on-chain activities may be necessary during the bear market process.

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