As reported, in the last days of the zone between 46,000 and $ 48,000 served as strong support for the price of bitcoins. However, at the time of writing BTC significantly broke through this area and traded at about $ 44,200. Thus, the trend can go aside 40,000 dollars. Intotheblock estimates, this area will be the following important support, since a total of 226,000 BTCs were purchased worth from $ 39,454 to $ 40,877.
Power games of bitcoan whales?
As CRYPTOQUANT CEO JU, CRYPTOQUANT CEO, is currently a whale war between the US institutional investors, BTC whales and maneers because of whether "who received real power." Institutional investors from the United States give a clear signal of buying through the Coinbase outflow, as well as the Coinbase price premium. BTC whales are also customized to buy at current levels, as evidenced by the transaction of the Bitcohop reserve and the inflow of stelkopins.
However, again, the mining sector seems to be another opinion. As JU found out, miners outflow and miners flows on exchange give a clear signal to "sell".
However, as Jiu notes, the owners of the mining pools, such as F2Pool, which were in the center of attention in recent weeks, are not guilty. The outflow occurs "from affiliated miners, which at least once participated in the mining pool."
But, as the analyst and general director of the Moscow Capital, Lek Moskovsky, noticed yesterday, first noted, the trend may change. After Friday became the first day in two months (from December 27), when the position of miners changed to a positive, the trend was confirmed yesterday (Saturday). Moscow shared the table below the table from Glassnode and said:
Source: https://twitter.com/mskvsk/status/1365919940121931777.
Despite the fact that it seems that the war created by JU can end, at the moment this is not yet reflected in the price of Bitcoins. Therefore, perhaps all the eyes will be chained to Monday, when institutional investors return. As the Technical Analyst Josh Ryjer noted, Sunday and Monday are known for significant price movements.
Buy on fall
Meanwhile, one of the well-known analysts, Willie Wu, referred to the "Distribution of the UTXO realized price" indicator and stated that any fall below $ 45,000 is a "easy task" to buy a fall:
Source: https://twitter.com/woonomic/status/1365761266849968130.