[인포스탁데일리=박상철 기자]
Bitcoin rendering image. Photo = Infostock Daily
Bitcoin has been trading sideways in the 58 million won range for three days in a row. After the approval of the spot exchange traded fund (ETF), which was considered the biggest positive factor, it actually appears to be declining.
According to Bitsum on the 17th, Bitcoin is trading at 58,999,000 won as of 11:45 am. Kiv Coin exceeded the 59 million won level at one point during the day, but has been fluctuating around the 58 million won level.
After the spot ETF was approved, an analysis showed that the bitcoins of whales, which are large investors, began to move. Accordingly, the diagnosis continues that the weakness may continue.
On-chain analysis platform Santiment said on the 16th (local time) through It will be. “There is a high possibility that this will put a brake on the rising market,” he predicted.
However, experts predicted that there would be a recovery within the first quarter. This is because the Bitcoin halving is scheduled for April this year. Historically, halvings played a role in causing a quantum jump in the price of Bitcoin. During the halvings in 2016 and 2020, the price of Bitcoin soared, reaching an all-time high of $1,000 and $69,000, respectively. Rekt Capital, a virtual asset analyst, predicted, “Bitcoin prices will recover over the next 30 days or so before the halving in April.”
Meanwhile, the fear and greed index compiled by Alternative, a global virtual asset data research company, recorded 64 points on this day, indicating a ‘greed’ level. This figure is higher than the previous day. The closer the index is to 0, the closer the market sentiment is to extreme fear, and the closer it is to 100, the more extreme optimism it is.
Reporter Park Sang-cheol [email protected]
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2024-01-17 04:55:58
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