Bitcoin surpassed the $100,000 mark for the first time in history at around 11:30 a.m. on the previous day.
After that, Bitcoin rose to the $104,000 line. However, at around 4:30 a.m. on the 6th, selling occurred due to a move to "realize profits," and the price reverted back to the $100,000 line.
The price then expanded its decline, dropping to the 90,500 dollar mark at one point, before recovering some of the decline and currently trading above the 96,000 dollar mark.
In relation to the current movement of Bitcoin, Jamie Coutts, a virtual asset market analyst at Real Vision, posted on Twitter (formerly Twitter)
"Even in an environment of worsening liquidity, Bitcoin has managed to hit an all-time high (ATH)," he said, adding, "If the liquidity situation worsens further, this rise will not last long."
"On the other hand, if the situation improves, there may be a temporary correction, but there is a high possibility that it will rise again," he said. "I have a very positive outlook for this cycle.
We expect banks to inject additional liquidity," he added. On this day, cryptocurrency investment sentiment was at the "extreme greed" stage.
According to alternative.me, the Crypto Greed/Fear Index for the day was 72 points, up 12 points from the previous day.
A value of 0 indicates that investor sentiment is closer to extreme fear, while a value closer to 100 indicates extreme optimism.
According to blockchain data analysis company CryptoQuant, the exchange's net deposit and withdrawal volume on this day was higher than the average for the past seven days.
Generally, the net deposit/withdrawal volume is the amount of coins deposited in the exchange minus the amount withdrawn, and is calculated as the amount of spot transactions.
In the case of the exchange, the higher the value, the greater the selling pressure for the coin, while in the case of the futures exchange, this is interpreted as increasing volatility risk.
2024/12/06 13:30 KST
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