{"id":51274,"date":"2024-07-22T01:29:00","date_gmt":"2024-07-22T01:29:00","guid":{"rendered":"https:\/\/cointelegraph.com\/news\/bitcoin-btc-large-investors-price-analyst"},"modified":"2024-07-22T03:16:23","modified_gmt":"2024-07-22T03:16:23","slug":"bitcoin-large-sellers-exhausted-as-67k-price-holds","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=51274","title":{"rendered":"Bitcoin large sellers 'exhausted' as $67K price holds"},"content":{"rendered":"

<\/p>\n

Bitcoin whales are easing off their selling pressure as Bitcoin continues to gain strength over the past seven days, holding above $67,000.<\/p>\n

\u201cBitcoin large sellers are exhausted and valuation metrics suggest positive momentum,\u201d CryptoQuant head of research Julio Moreno wrote in a July 20 X post, referring to Bitcoin investors holding a balance of 1,000 to 10,000 Bitcoin.<\/p>\n

Moreno added that \u201crealized profits are minimal compared to March or May,” when Bitcoin (BTC) exceeded\u00a0$71,000 in both months. Bitcoin reached its all-time high on March 13, at $73,679.<\/p>\n

Bitcoin is up 3.89% over the past 30 days. Source: CoinMarketCap<\/em><\/figcaption><\/figure>\n

Bitcoin is currently trading at $67,088, up 12.15% over the past seven days, according to CoinMarketCap data.<\/p>\n

While traders are keeping a close watch as to whether it holds above the long-monitored critical support $65,000 level, there is also speculation over whether it will be able to reach $69,000.<\/p>\n

\u201cBitcoin next point to complete the weekly megaphone price pattern is $69k,\u201d crypto trader Milkybull Crypto claimed. “The megaphone price pattern target is within $84k-$88k,” he added.<\/p>\n

The move to $69,000 would erase $261.9 million in short positions, as per CoinGlass data.<\/p>\n

Traders are noticing several bullish indicators<\/h3>\n

However, Bitcoin hasn’t reached the $67,000 level since June 12, and traders are noting other bullish indicators that suggest the uptrend may continue.<\/p>\n

\u201cWeekly Bollinger Bands are at the same lowest levels ever recorded,\u201d host of the YouTube channel Young and Investing,\u00a0<\/em>Quinten\u00a0Francious,wrote in a July 19 X post, which is a tool that measures the momentum and volatility of an asset within a certain range.<\/p>\n

\"\"
Source: Quinten Francois<\/em><\/figcaption><\/figure>\n

\u201cGood to see Bitcoin\u2019s price has returned back to Short-Term Holder Realized Price,\u201d Philip Swift added, which is\u00a0an important indicator for traders as it is the aggregate cost basis of more speculative Bitcoin hodlers \u2014 wallets storing Bitcoin for 155 days or less.<\/p>\n

Related: <\/strong>Bitcoin \u2018real bull run\u2019 out of reach as retail demand metric hits 3-year low\u00a0<\/strong><\/em><\/p>\n

This follows a turbulent month for Bitcoin, during which its price sharply dropped below the $60,000 mark to $53,905 on July 5, before making a recovery.<\/p>\n

\u201cBitcoin breaking above a key level, indicating strong momentum and a nice area of support at $64K,\u201d crypto trading account On-chain College wrote in a July 20 X post.<\/p>\n

\u201cThis is after a period of BTC moving from weak hands to stronger hands,\u201d On-chain College added.<\/p>\n

Magazine: <\/em><\/strong>Earn Bitcoin for eating tickets, Immutable says \u2018big studios are showing up\u2019 \u2014 Web3 Gamer<\/em><\/strong><\/p>\n

Check other news for today<\/span> and Please stand by..<\/p>\n

*********************************<\/p>\n

If one of the paying programs on our Monitor appeals to you, please support EmilyNews<\/em> by registering for it on our website. Thanks very very much!<\/p>\n

EN web Support Chat<\/strong> | Hyips and Crypto questions \u2013 HyipChatEN<\/a><\/strong><\/p>\n

Telegram Chat for Crypto and Hyip reports: @HyipChatEN<\/a><\/strong><\/p>\n

*********************************<\/p>\n

Be the first to get most important HYIP news everyday!
\nSimply Follow EN Facebook<\/strong><\/a>, EN Telegram<\/strong><\/a>, EN Twitter<\/strong><\/a>
\nor Subscribe to EN Feedburner<\/a><\/strong> and submit your email address!<\/p>\n

If you like this article and want to support EN \u2013 please share it by using at least few of social media buttons below. Thanks and See you tomorrow!<\/p>\n

\"\"<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin whales are easing off their selling pressure as Bitcoin continues to gain strength over the past seven days, holding above $67,000. \u201cBitcoin large sellers are exhausted and valuation metrics suggest positive momentum,\u201d CryptoQuant head … Bitcoin large sellers 'exhausted' as $67K price holds<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":51276,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651],"tags":[139,2127,5652,276,159],"class_list":["post-51274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","tag-bitcoin","tag-crypto","tag-emilynews","tag-ethereum","tag-hyipnews","exalt-entry"],"yoast_head":"\nBitcoin large sellers 'exhausted' as $67K price holds - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=51274\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin large sellers 'exhausted' as $67K price holds - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bitcoin whales are easing off their selling pressure as Bitcoin continues to gain strength over the past seven days, holding above $67,000. \u201cBitcoin large sellers are exhausted and valuation metrics suggest positive momentum,\u201d CryptoQuant head … Bitcoin large sellers 'exhausted' as $67K price holdsRead more\" \/>\n<meta property=\"og:url\" content=\"https:\/\/emilynews.com\/blog\/?p=51274\" \/>\n<meta property=\"og:site_name\" content=\"EmilyNews\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-22T01:29:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-22T03:16:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"754\" \/>\n\t<meta property=\"og:image:height\" content=\"498\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Emilynews\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Emilynews\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=51274\",\"url\":\"https:\/\/emilynews.com\/blog\/?p=51274\",\"name\":\"Bitcoin large sellers 'exhausted' as $67K price holds - EmilyNews\",\"isPartOf\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=51274#primaryimage\"},\"image\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=51274#primaryimage\"},\"thumbnailUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg\",\"datePublished\":\"2024-07-22T01:29:00+00:00\",\"dateModified\":\"2024-07-22T03:16:23+00:00\",\"author\":{\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\"},\"breadcrumb\":{\"@id\":\"https:\/\/emilynews.com\/blog\/?p=51274#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/emilynews.com\/blog\/?p=51274\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=51274#primaryimage\",\"url\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg\",\"contentUrl\":\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg\",\"width\":754,\"height\":498},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/emilynews.com\/blog\/?p=51274#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/emilynews.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin large sellers 'exhausted' as $67K price holds\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/emilynews.com\/blog\/#website\",\"url\":\"https:\/\/emilynews.com\/blog\/\",\"name\":\"EmilyNews\",\"description\":\"EmilyNews Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/emilynews.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33\",\"name\":\"Emilynews\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g\",\"caption\":\"Emilynews\"},\"url\":\"https:\/\/emilynews.com\/blog\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin large sellers 'exhausted' as $67K price holds - EmilyNews","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/emilynews.com\/blog\/?p=51274","og_locale":"en_US","og_type":"article","og_title":"Bitcoin large sellers 'exhausted' as $67K price holds - EmilyNews","og_description":"Bitcoin whales are easing off their selling pressure as Bitcoin continues to gain strength over the past seven days, holding above $67,000. \u201cBitcoin large sellers are exhausted and valuation metrics suggest positive momentum,\u201d CryptoQuant head … Bitcoin large sellers 'exhausted' as $67K price holdsRead more","og_url":"https:\/\/emilynews.com\/blog\/?p=51274","og_site_name":"EmilyNews","article_published_time":"2024-07-22T01:29:00+00:00","article_modified_time":"2024-07-22T03:16:23+00:00","og_image":[{"width":754,"height":498,"url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg","type":"image\/jpeg"}],"author":"Emilynews","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Emilynews","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/emilynews.com\/blog\/?p=51274","url":"https:\/\/emilynews.com\/blog\/?p=51274","name":"Bitcoin large sellers 'exhausted' as $67K price holds - EmilyNews","isPartOf":{"@id":"https:\/\/emilynews.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/emilynews.com\/blog\/?p=51274#primaryimage"},"image":{"@id":"https:\/\/emilynews.com\/blog\/?p=51274#primaryimage"},"thumbnailUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg","datePublished":"2024-07-22T01:29:00+00:00","dateModified":"2024-07-22T03:16:23+00:00","author":{"@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33"},"breadcrumb":{"@id":"https:\/\/emilynews.com\/blog\/?p=51274#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/emilynews.com\/blog\/?p=51274"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/?p=51274#primaryimage","url":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg","contentUrl":"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2024\/07\/btc-2.jpg","width":754,"height":498},{"@type":"BreadcrumbList","@id":"https:\/\/emilynews.com\/blog\/?p=51274#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/emilynews.com\/blog"},{"@type":"ListItem","position":2,"name":"Bitcoin large sellers 'exhausted' as $67K price holds"}]},{"@type":"WebSite","@id":"https:\/\/emilynews.com\/blog\/#website","url":"https:\/\/emilynews.com\/blog\/","name":"EmilyNews","description":"EmilyNews Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/emilynews.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/d198218498e05856be72796eea940a33","name":"Emilynews","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/emilynews.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/080b41979dac9ab029c0867a1655bdaf?s=96&d=mm&r=g","caption":"Emilynews"},"url":"https:\/\/emilynews.com\/blog\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/51274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=51274"}],"version-history":[{"count":1,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/51274\/revisions"}],"predecessor-version":[{"id":51277,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/posts\/51274\/revisions\/51277"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=\/wp\/v2\/media\/51276"}],"wp:attachment":[{"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=51274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=51274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/emilynews.com\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=51274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}