Bitcoin, even if the noble wallet is quietly expanded, even if the whale wallet is quietly expanded, the exchange of exchange trading funds is nearly $ 115,000 after an uneven price behavior of a week.
summation
- Bitcoin is $ 115,00, 3%this week and 2.5%this month, 7%lower than ever.
- ETF activities have been reversed to $ 110 million every day.
- Whales have accumulated 20,000 BTCs and added more than 225,000 BTCs since March, and are often related to price recovery.
Bitcoin (BTC) fell by 6% from the highest record on August 14 and decreased by 3% last week. After the summer rally, which pushed Bitcoin from $ 97,000 at the end of May to the new peak in August, the fullback represents the cooling market.
The market is still separated from whether this is a healthy return or more important correction within a greater upward trend.
ETF leaks weigh on emotions, and Ether Lee dominates inflow.
According to SOSOVALUE’s data, Bitcoin ETFS was $ 121 million in net leaks on August 18 and a monthly leak was almost $ 140 million. This was in contrast to Ether Leeum (ETH) last month, leading to $ 28.3 billion in last month.
According to COINSHARES’s August 18 report, this difference was compared to Bitcoin’s $ 5.3 billion, compared to the previous year. According to the report, investor preferences have been advantageous for ETH exposure as expectations for the approval of the staying for Etherem ETFs increased.
Whales are accumulated at the BTC price
According to the latest on-chain data of Santiment, the wallet with 10-10,000 BTCs has added 20,000 BTCs since last week, and has accumulated a total of 225,000 BTCs since March. It was speculated that smart money could be prepared to increase other legs due to the historical strong correlation between the group’s movement and the direction of the future price.
https://twitter.com/SantimentFeed/status/195754710019674181?s
On August 18, REKT CAPITAL, a market analyst in the X Post, pointed out that Bitcoin is at the point of shallow, in which the shallow return is at the time of establishing a stage with a strong rise. In 2017 and 2021, 25-29%of the quick fullback served as a technical reset before a new rally. Similar patterns that are currently providing $ 114,000 support can display the foundation of the new price discovery stage.
Bitcoin technology analysis
Bitcoin is under the middle line of the Bollinger band on a four -hour chart, indicating that there is still a downward pressure. The band has begun to tighten, which is often a sign of greater movement. If you get closer to the overburdened territory of 38, the relative strength suggests that sales pressure can be weak.
The short-term EMA 10-30 is tilted, but the 50, 100 and 200-day moving average still shows signs of support for the entire trend. The oscillator also represents divergence. Momentum and MACD sell signals, but bull bear power refers to the potential movement to return to the buyer.
If the whale continues to accumulate and the support of $ 114,000 is suspended, Bitcoin can return from $ 118,000 to $ 120,000. Once the volume is confirmed, the most recent recent re -test can be re -tested. 100 and 200 days moving average or about $ 110,000 and $ 103,000 are important support. If you do not defend $ 114,000, you can lead to more serious correction.