| Cryptocurrency | Price (USDT) |
|---|---|
| BTC | $107351.3400000000 |
| ETH | $2435.7930000000 |
| BNB | $649.5298800000 |
| XRP | $2.1867250000 |
| ADA | $0.5621686000 |
| SOL | $150.1001000000 |
| DOGE | $N/A |
| DOT | $3.4037100000 |
| LTC | $86.5074000000 |
| LINK | $13.3616800000 |
Category: CRYPTO NEWS
The post Bitcoin’s extreme volatility saw market capitulate resulting to bottom appeared on BitcoinEthereumNews.com. BTC gained 4.67% over the past 24 hours, at press time. Bitcoin’s reached a temporary bottom, with some buyers stepping in after rapid selling. Over the past weeks, Bitcoin [BTC] has experienced extreme volatility. These market fluctuations have sparked discussions among analysts about Bitcoin’s trajectory and its influence on investor behavior. Glassnode analysts observed that increased volatility allowed sellers to dominate the markets, ultimately leading to capitulation. Bitcoin’s Cost Basis Distribution suggests… According to Glassnode, roughly 1/3 of the BTC accumulated at $96k-$97.5k in February 2025 was redistributed as BTC prices plummeted. This resulted from weaker hands trying to cut losses. Source: Glassnode However, some addresses from the $96K price bucket accumulated near the $83K local bottom, forming a stair-step pattern. Despite accumulation attempts, rapid selling prevailed, indicating capitulation. Historically, this precedes local bottoms, followed by price rebounds as investors buy the dip. Buying activity emerged from various cohorts, but supply between $93K and $83K remains thin. Most investors bought at $84.2K (23K BTC) and $86.9K (25.8K BTC) price levels, mainly long-term investors. Source: Glassnode Usually, when investors turn to buying when prices are declining, it creates organic demand boosting the asset for a potential recovery. This trend reversal has been witnessed over the past day as prices have reclaimed a high of $87k. What BTC charts say While weak hands turned to sell as prices plummeted, others took this opportunity to accumulate. This behavior is evidenced as retailer traders returned despite the market uncertainty. Source: Checkonchain Notably, New Issuance remained above 13K BTC, with crabs (1-10 BTC) spiking to 15K and fish (10-100 BTC) at 5.5K. This indicates retail traders are buying BTC at current market rates, showcasing confidence and driving strong market demand. Source: CryptoQuant AMBCrypto observed Bitcoin’s exchange netflows remaining negative during a volatile week,…
2025-03-06T03:41:10+00:00