Bitcoin\u2019s price has been on a positive trend for the past week but it has unsuccessfully challenged the $65,000 level a few times.<\/p>\n
According to on-chain data, BTC whales have been offloading a lot of their holdings lately, which could suggest more trouble on the horizon if they continue.<\/p>\n
#Bitcoin<\/a> whales sold over 20,000 $BTC<\/a> in the past 24 hours, worth around $1.28 billion! pic.twitter.com\/METXwmIxCn<\/a><\/p>\n \u2014 Ali (@ali_charts) September 25, 2024<\/a><\/p>\n\n Popular crypto analyst Ali showcased the substantial sell-off that transpired earlier this week, in which, larger entities disposed of more than 20,000 BTC within the span of 24 hours.<\/p>\n This was among the biggest sales that occurred within just a day since the start of the year. In USD terms, the total value was just shy of $1.3 billion.<\/p>\n BTC\u2019s price tumbled yesterday from almost $65,000 to under $63,000 but managed to recover most of the losses almost immediately. After jumping<\/a> toward $64,000 earlier today, it kept rising and currently sits at $64,400.<\/p>\n If whales\u2019 behavior remains the same and they continue selling, BTC\u2019s price actions could worsen again. Ali outlined $63,300 as the most crucial support level that has to hold, otherwise the cryptocurrency risks dropping to $60,365.<\/p>\n Based on the most recent on-chain activity, $63,300 is the most important support level for #Bitcoin<\/a>. If it holds, # BTC can rise to $65,500, but if it doesn\u2019t, #BTC<\/a> will likely dive to $60,365! pic.twitter.com\/4RTFQRqClJ<\/a><\/p>\n \u2014 Ali (@ali_charts) September 25, 2024<\/a><\/p>\n\n The post Is Bitcoin\u2019s Price in Trouble? This Important Metric Suggests Short-Term Pain for BTC<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Bitcoin\u2019s price has been on a positive trend for the past week but it has unsuccessfully challenged the $65,000 level a few times. According to on-chain data, BTC whales have been offloading a lot of their holdings lately, which could suggest more trouble on the horizon if they continue. #Bitcoin whales sold over 20,000 $BTC […]<\/p>\n","protected":false},"author":0,"featured_media":9629,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-9628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9628"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9628"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/9628\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/9629"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}