In the past four months, the Bitcoin’s volatility has continued to rise, the prices have moved between highs of about $10,000, and lows close to $6.500. The transactions to tell but also a story of sudden activity – shortly before or during an active rally stages.
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Bitcoin activity in connection with price-heights and Depths
Bitcoin transactions tend to be more active price movements, “” revived, both the number and scope of to take. This Trend is seen not only at the price of slides is also available, if BTC rises – and then even more pronounced.
Some of these transactions are attributed to “whales”, or large Bitcoin owners, the penetration in the markets.
A recent adaptation of the Bitcoin prices to the activity on the Blockchain shows a significant Moment: On 18. November when BTC was under $ 9,000 in, there was a sudden increase in transactions – and in the days that followed, to a continuous price slip.
This shows that The transactions were probably carried out with the intention to dump the Coins.
Also, two more activity peaks in early December at a price slip ahead of go on to Four-month lows. To this point in time, the Bitcoin will flow movement in the futures markets, rather than being sold directly.
A portion of the Bitcoins could be used as collateral for bets on the price direction. In this way, whales have a possibility to influence the market, without losing the Coins.
Basically, Wal-actions can influence the market, many believe. With the expansion of the Futures and option markets in the possession of major Bitcoin can be used – to Occur both in Short as well as Long positions, without the whales have an interest to drive the prices upwards only.
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Stable coins are gaining in importance
The number of Bitcoin transactions amounts to around 300,000 shares per day, while the dollar value of transactions returned at the end of the year. However, the activity is in spite of the downward trend is not a constant and can at any time wear again.
Betting on Bitcoin prices are stable coins such as Tether (USDT) even without the use of BTC is possible. 2019 USDT Bitcoin overtook for the first time in terms of daily Trading activity, and the Coin flows. 20. December was maintained for the ratio, wherein USDT had a volume of about 27 billion USDT, while BTC is reached on the last day of 23 billion USD.
The high USDT activity drives the USDT-settled Futures on OKEx, and also flows into Altcoins. The low BTC On-Chain-movements in price are therefore only part of the factors for the market.