{"id":1935,"date":"2022-02-22T07:33:01","date_gmt":"2022-02-22T07:33:01","guid":{"rendered":"https:\/\/tradersofcrypto.com\/news\/?p=1935"},"modified":"2022-02-22T07:33:02","modified_gmt":"2022-02-22T07:33:02","slug":"bitcoin-btc-preserves-deep-accumulation-despite-dips","status":"publish","type":"post","link":"https:\/\/tradersofcrypto.com\/news\/bitcoin-btc-preserves-deep-accumulation-despite-dips\/","title":{"rendered":"Bitcoin (BTC) Preserves Deep Accumulation Despite Dips"},"content":{"rendered":"\n<p>The Bitcoin (BTC) dip has not changed the most fundamental aspect &#8211; that of accumulating coins for the longer term. In the short term, however, spot and futures trading increase volatility, making BTC stand at a crossroads between recovery and a deeper price drop. In February, the scenario of a bear market extending into 2022 remains feasible.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> shed -4% over the weekend. Supply and demand dynamics remain the same.<br><br>STH supplying the market while LTH accumulate. Overall realized losses are not at an alarming level. <br><br>Find out more in the latest Uncharted \ud83d\udc47<a href=\"https:\/\/t.co\/4uNA0Rp3VX\">https:\/\/t.co\/4uNA0Rp3VX<\/a> <a href=\"https:\/\/t.co\/DaW97KGND8\">pic.twitter.com\/DaW97KGND8<\/a><\/p>&mdash; \ud835\udde1\ud835\uddf2\ud835\uddf4\ud835\uddf2\ud835\uddfb\ud835\ude01\ud835\uddff\ud835\uddfc\ud835\uddfd\ud835\uddf6\ud835\uddf0 (@Negentropic_) <a href=\"https:\/\/twitter.com\/Negentropic_\/status\/1495777546574696451?ref_src=twsrc%5Etfw\">February 21, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Late on Monday, <a href=\"https:\/\/tradersofcrypto.com\/news\/bitcoin-btc-falls-to-38000-after-coinbase-bug\/\">BTC spent a short time above $38,770<\/a> before a sudden crash to $37,703.03, showing the downward pressures were not easy to dissipate. The drop extended to the Asian session, sending BTC to $36,795.29 early on Monday.<\/p>\n\n\n\n<p>With the US trading session setting the pace for the coming business week. BTC may add to its turbulence and revisit a lower range.<\/p>\n\n\n\n<p>So far, there are only limited realized losses, and buyers hold onto the coins most of the time. Recently, a peak of new small-scale wallets was made again, after the previous high at the end of January. At the same time, BTC is now suffering a cut based on year-on-year prices and may extend the 12-month rolling loss to more than 50%.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">On this day last year,<a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>: $57,539.94<a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a>: $1,935.60<a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a>: $1.10<a href=\"https:\/\/twitter.com\/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BNB<\/a>: $293.92<a href=\"https:\/\/twitter.com\/search?q=%24VET&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VET<\/a>: $0.05484<a href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AVAX<\/a>: $36.15<a href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LUNA<\/a>: $6.12<a href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SOL<\/a>: $11.09<a href=\"https:\/\/twitter.com\/search?q=%24DOGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOGE<\/a>: $0.05598<a href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MATIC<\/a>: $0.1623<a href=\"https:\/\/twitter.com\/search?q=%24AXS&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$AXS<\/a>: $1.785<a href=\"https:\/\/twitter.com\/search?q=%24MANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MANA<\/a>: $0.3137<a href=\"https:\/\/twitter.com\/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SAND<\/a>: $0.2966<\/p>&mdash; The Moon (@TheMoonCarl) <a href=\"https:\/\/twitter.com\/TheMoonCarl\/status\/1495526181650714625?ref_src=twsrc%5Etfw\">February 20, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>While BTC trading volumes have diminished to around $23B in 24 hours, the activity of Tether (USDT) is on the increase. The supply of the top stablecoin is also growing, up to 79B tokens with new printing in the past week. The inflow of USDT may translate into trading activity for BTC and altcoins.&nbsp;<\/p>\n\n\n\n<p>In the past week alone, 500M new USDT flowed into the market, along with 3B USDC in a month. USDT is now the third largest asset by market capitalization, after displacing <a href=\"https:\/\/tradersofcrypto.com\/exchanges\/binance\/\">Binance Coin (BNB)<\/a>av.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"traders-try-to-protect-from-downside\"><strong>Traders Try to Protect from Downside<\/strong><\/h3>\n\n\n\n<p>Heading into March, one of the concerns for BTC is the potential for a larger Fed interest rate hike. Currently, options signal to an expectation for BTC extending its losing streak.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> &#8211; Open Interest Put\/Call Ratio<br><br>As illustrated, there has been a recent surge in the Put Option demand, while Call option demand has declined.\ud83d\udc40<br><br>This means that investors\/traders are essentially protecting their downside, as they fear the IR hikes in March&#8230;<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Options?src=hash&amp;ref_src=twsrc%5Etfw\">#Options<\/a> <a href=\"https:\/\/t.co\/TZF4Wotyqs\">pic.twitter.com\/TZF4Wotyqs<\/a><\/p>&mdash; Crypto Santa (@Blockchainsanta) <a href=\"https:\/\/twitter.com\/Blockchainsanta\/status\/1494193566331342849?ref_src=twsrc%5Etfw\">February 17, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Unlike previous weeks, BTC failed to recover immediately, remaining in the $38,700 range. The latest slide sent the Crypto Fear and Greed index to 25 points, or Extreme Fear. However, the mix of USDT printing and BTC fears has been a historical indicator of trend reversals.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Noticed something interesting.<br><br>Historically when tether dominance reaches 4.5% to 5% it marks a bottom on <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<br><br>Seems like sentiment reaches peak fear around that level. <a href=\"https:\/\/t.co\/4RnHOTMEts\">pic.twitter.com\/4RnHOTMEts<\/a><\/p>&mdash; Byzantine General (@ByzGeneral) <a href=\"https:\/\/twitter.com\/ByzGeneral\/status\/1495776664650985472?ref_src=twsrc%5Etfw\">February 21, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>BTC may hobble along until Friday, when the settlement of options expires and may add to the price volatility.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"in-2022-less-panic-selling-is-seen\"><strong>In 2022, Less Panic Selling is Seen<\/strong><\/h3>\n\n\n\n<p>Unlike the end of 2017 and the three-year bear market, new buyers may be more willing to hold through turbulence and treat BTC as a long-term asset. There are also signs that the current price slide may be another \u201cshaking out of weak hands\u201d, as the orders are immediately bought.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">When you panic sell your <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>, this guy buys it all. <br><br>Today, this guy bought 6 times already, <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> worth $20 million. <a href=\"https:\/\/t.co\/8fIgCvsmpK\">pic.twitter.com\/8fIgCvsmpK<\/a><\/p>&mdash; C15Capital \u26a1\ufe0f\ud83c\uddfa\ud83c\uddf8 (@Capital15C) <a href=\"https:\/\/twitter.com\/Capital15C\/status\/1495503439656280067?ref_src=twsrc%5Etfw\">February 20, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Rapid price directions are possible in both directions, but this will not exclude a bear market or prolonged sideways movement.&nbsp;<\/p>\n\n\n\n<p>Another possible scenario for BTC is to continue sideways and start showing signs of accumulation before a renewed rally. But the past few weeks are becoming a battleground of bulls and bears, potentially leading to unexpected price swings.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Again so much drama around <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a>.<br><br>Bitcoin is in a beautiful accumulation range, which could last for another 2 weeks and after that we can expect a new impulse up \ud83d\udcaf <a href=\"https:\/\/t.co\/B3Yq03Undi\">pic.twitter.com\/B3Yq03Undi<\/a><\/p>&mdash; Bloodgood (@bloodgoodBTC) <a href=\"https:\/\/twitter.com\/bloodgoodBTC\/status\/1495782395836088323?ref_src=twsrc%5Etfw\">February 21, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>In the short term, both sellers and buyers can achieve some form of price manipulation, making BTC move against predictions and trends.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"ethereum-eth-remains-fully-bearish\"><strong>Ethereum (ETH) Remains Fully Bearish<\/strong><\/h3>\n\n\n\n<p>ETH deepened its loss as well, with a dip to $2,600. All indicators for ETH remain bearish, as network usage and sentiment break down.&nbsp;<\/p>\n\n\n\n<p>ETH has also been beset by attempts to scam with giveaways, as well as recent thefts of NFT collections. At the same time, value locked in DeFi inched up a little to above $71B, from $70B equivalent a day ago.&nbsp;<\/p>\n\n\n\n<p>Exchange flow conditions for ETH are volatile, with several upturns and downturns in the past month. For now, the inflow of ETH on exchanges has tapered off.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">\ud83d\udcc9 <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\">#Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> Exchange Inflow Volume (7d MA) just reached a 1-month low of $18,235,572.07<br><br>Previous 1-month low of $18,948,893.64 was observed on 19 February 2022<br><br>View metric:<a href=\"https:\/\/t.co\/1UqsIRQu7N\">https:\/\/t.co\/1UqsIRQu7N<\/a> <a href=\"https:\/\/t.co\/2kEh4sUmHB\">pic.twitter.com\/2kEh4sUmHB<\/a><\/p>&mdash; glassnode alerts (@glassnodealerts) <a href=\"https:\/\/twitter.com\/glassnodealerts\/status\/1495794455126982668?ref_src=twsrc%5Etfw\">February 21, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<p>Traders have also noticed bot-like activity on the Bitfinex ETH pairs, buying up coins with regularity.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"terra-luna-saves-altcoin-value\"><strong>Terra (LUNA) Saves Altcoin Value<\/strong><\/h3>\n\n\n\n<p>The Terra ecosystem was one of the few to see inflows of value in the past day. LUNA added about 5% to its price, trading at $52.78.&nbsp;<\/p>\n\n\n\n<p>LUNA has been boosting the supply of Terra USD (UST) from 11.6B to more than 12.1B in a week. UST is a safe haven with a dollar-affixed price, mopping up some of the volatility on<a href=\"https:\/\/tradersofcrypto.com\/guides\/crypto-jargon-explained\/\"> DeFi protocols<\/a> on the Terra blockchain.<\/p>\n\n\n\n<p>The market cap dominance of Terra is up to 1.11%, competing with Solana\u2019s share of 1.6% of the total market cap. The rally of LUNA is offset by <a href=\"https:\/\/tradersofcrypto.com\/news\/what-supports-avalanche-avax-rising-price\/\">losses form Avalanche (AVAX)<\/a>, where the asset cut its rally short and did not manage to go above $100 again.<\/p>\n\n\n\n<p>Smaller altcoins still make up 21.05% of the market, going above the influence of ETH.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) dipped under $37,000, extending last week&#8217;s slide into expectations of a potentially longer bear market.<\/p>\n","protected":false},"author":3,"featured_media":1936,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[2,12,6,4,157,77,339],"class_list":["post-1935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorised","tag-bitcoin","tag-btc","tag-eth","tag-ethereum","tag-luna","tag-sol","tag-terra","entry"],"_links":{"self":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts\/1935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/comments?post=1935"}],"version-history":[{"count":0,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/posts\/1935\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/media\/1936"}],"wp:attachment":[{"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/media?parent=1935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/categories?post=1935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradersofcrypto.com\/news\/wp-json\/wp\/v2\/tags?post=1935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}