Bitcoin sees a 30 % decrease with increased pressure pressure – bitfinex

Bitcoin (BTCShe underwent the second largest correction of this bull running, according to analysts at Crypto Exchang Bitfinex. The correction, from the highest level in the currency of 109,590 dollars on January 20 to $ 77.041 during the week from 9 to 15 March, starts by 30 % resulting from selling pressure from short -term holders.

In its report, BitFinex introduces short -term holders as those who have bought during the past seven to 30 days. According to exchange, they have suffered from purely achieved losses and are often more likely to surrender.

BitFinex notes that the continuous external flows of the Bitcoin investment funds, which total about 920 million dollars during the week from 9 to 15 March indicates that institutional buyers have not yet returned with a sufficient force to combat the pressure pressure.

Trading is about 84,357 dollars, Bitcoin has recovered 9.5 % of its lowest level. According to Bitfinex, the main factor to move forward is whether institutional demand rises at these low levels, which may lead to supply and price stabilization.

“While institutional flows and the total situation are pivotal in the direction of the market in the medium term, statistically, the withdrawal by 30 percent is often minimal before continuing.” “If Bitcoin settles around this level, history indicates that a strong recovery may follow it.”

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Bitcoin etps see $ 5.4 billion in external flows for five weeks

Weekly external flows of products circulated in encryption exchange (ETPS) reached a series of five weeks, A total of 6.4 billion dollars As of March 14. According to data from Coinshares, Bitcoin ETPS bore the external flows, with losses of $ 5.4 billion.

The current macroeconomic climate may be weighing on the markets, according to Bitfinex. US consumer confidence has decreased to its lowest level in two years, and there are high inflation expectations along with economic uncertainty. On March 4, the Federal Reserve model expected that the American economy It will shrink by 2.8 % in the first quarter of 2025.

Meanwhile, commercial war talks continue to control news and put bitcoin The situation as a safe origin in doubtsPreserving Mines workers on his toesPerhaps Putting the bull market is in danger – Despite the last White House announced the United States Bitcoin strategic reserves and digital assets stocks.

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