Bitcoin It fell below $ 111,000 during night trade, reversing Friday’s peak caused by the dovish speech by Fed Powell president, as a whale sold in Ilíquida market conditions.
The price of the cryptocurrency fell by more than 2% of $ 114,666 to $ 112,546 in less than ten minutes at 07:40 UTC. The so -called flash block occurred when a single whale sold 24,000 BTC, with a value of more than $ 300 million, according to the data firm Blockchain Timechainindex.com.
“This entity liquidated its entire balance of 24,000, sending everything to Hyperunite. They transferred 12,000 today and are still actively selling, which probably contributes to the fall in continuous prices,” said the investigator of the Sani firm in X, and added that the whale still has a total of 152,874 BTC in all the associated directions, including 5,266 BTC.
“The funds originally came from HTX about six years ago and had remained inactive until the recent transactions involving one of their directions containing approximately 24,000 BTC,” Sani said.
Prices finally reached minimum below $ 111,000 before recovering to operate about $ 112,800 from writing, according to Coindesk data.
Powel Spike was invested
The price drop has erased the profits seen after Friday, after the president of the FED, Jerome Powell, seemed to support the idea of the tariff cuts, while the long -term inflation impact of President Trump’s rates during his annual speech in Jackson Hole.
The so -called Dovisch speech saw an increase in BTC almost 4% of $ 112,500 to $ 116,900 together with a manifestation of risk in US shares and the decrease in the dollar index.
During the weekend, the community of analysts expressed their confidence that there would be a rate cut in September, which could lead to new maximums of all time in Bitcoin and Ether.
Options to disagree
Bitcoin options that are quoted in abandonment reveal a persistent risk aversion, according to data traced by Amberdata.
Specifically, the risk reversions of 25 Delta, a measure of the feeling of investors that compare calls to the puts, continue to exchanges the negative territory until the expiration of December, which reflects the coverage activity and a bearish title.
A negative risk reversion means that sales options, which offer insurance against price decrease, are more expensive than purchase options.
In other words, despite the so -called Powell idiot pivot, BTC options continue to set a price of uncertainty, preparing for possible downward volatility.
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