{"id":133465,"date":"2024-07-19T09:00:28","date_gmt":"2024-07-19T06:00:28","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133465"},"modified":"2024-07-19T02:16:05","modified_gmt":"2024-07-18T23:16:05","slug":"bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/","title":{"rendered":"Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?"},"content":{"rendered":"<p>This comes amidst a notable increase in <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">BTC<\/a><\/strong> withdrawals from exchanges, signaling potential positive movement.<\/p>\n<p>Recent data shows a surge in Bitcoin being moved off exchanges. On July 5, when Bitcoin\u2019s price dipped close to $50,000, about $3.8 billion worth was withdrawn.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">On July 5th, a total of $3.8 billion worth of <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> was withdrawn from exchanges, which coincided with the price of BTC rising from $56K to $65K.<\/p>\n<p>Then, on July 16th, an additional $3.4 billion worth of <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> was withdrawn from exchanges when the price was around $65K.<a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a>\u2026 <a href=\"https:\/\/t.co\/pEnqOwiQ77\">pic.twitter.com\/pEnqOwiQ77<\/a><\/p>\n<p>\u2014 \uc6b0\ubbfc\uaddc (Woominkyu) (@Woo_Minkyu) <a href=\"https:\/\/twitter.com\/Woo_Minkyu\/status\/1813824597986587094?ref_src=twsrc%5Etfw\">July 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Following this, Bitcoin\u2019s price quickly recovered to around $65,000. On July 16, another $3.4 billion was withdrawn, reflecting a continued trend of reducing supply on exchanges.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/is-the-bitcoin-btc-price-correction-finally-over\/\" title=\"Is the Bitcoin (BTC) Price Correction Finally Over?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Vaneck-Files-Prospectus-With-US-Regulator-to-Launch-a-Bitcoin-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Is the Bitcoin (BTC) Price Correction Finally Over?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Historically, such large withdrawals are considered bullish since they indicate that holders are less likely to sell. This increased scarcity often supports higher prices.<\/p>\n<p>Additionally, a recent decline in the Realized Profit and Loss Ratio\u2014a measure of market sentiment\u2014suggests that investors who wanted to cash out at higher prices have already done so. This metric&#8217;s drop might be a precursor to further price increases.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The Realized Profit and Loss Ratio metric has dropped to extremely low values after profits were taken at the 72K level.<\/p>\n<p>Everyone who wanted to sell at 72K has done so, therefore, for the next profit to be realized, the market needs a new level above the all-time high (ATH). <a href=\"https:\/\/t.co\/jzxcOGPl2M\">pic.twitter.com\/jzxcOGPl2M<\/a><\/p>\n<p>\u2014 Axel \ud83d\udc8e\ud83d\ude4c Adler Jr (@AxelAdlerJr) <a href=\"https:\/\/twitter.com\/AxelAdlerJr\/status\/1813835604594938267?ref_src=twsrc%5Etfw\">July 18, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Bitcoin has also surpassed its average purchase price for recent buyers, hinting at the potential for further gains. If past trends hold, Bitcoin could see prices rise significantly, potentially exceeding $72,000 soon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.<\/p>\n","protected":false},"author":3,"featured_media":38308,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-133465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?<\/title>\n<meta name=\"description\" content=\"Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?\" \/>\n<meta property=\"og:description\" content=\"Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/\" \/>\n<meta property=\"og:site_name\" content=\"Cryptodnes EN\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-19T06:00:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alexander Stefanov\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Alexander Stefanov\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/\",\"url\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/\",\"name\":\"Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?\",\"isPartOf\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg\",\"datePublished\":\"2024-07-19T06:00:28+00:00\",\"author\":{\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\"},\"description\":\"Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/#primaryimage\",\"url\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg\",\"contentUrl\":\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg\",\"width\":2560,\"height\":1350,\"caption\":\"\u0431\u0438\u0442\u043a\u043e\u0439\u043d\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#website\",\"url\":\"https:\/\/cryptodnes.bg\/en\/\",\"name\":\"Cryptodnes EN\",\"description\":\"Crypto News, Bitcoin Analysis and More\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5\",\"name\":\"Alexander Stefanov\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g\",\"caption\":\"Alexander Stefanov\"},\"url\":\"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?","description":"Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.","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:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?","og_description":"Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.","og_url":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/","og_site_name":"Cryptodnes EN","article_published_time":"2024-07-19T06:00:28+00:00","og_image":[{"width":2560,"height":1350,"url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg","type":"image\/jpeg"}],"author":"Alexander Stefanov","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Alexander Stefanov","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/","url":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/","name":"Bitcoin Holds Steady Amid Massive Withdrawals: What\u2019s Next for Prices?","isPartOf":{"@id":"https:\/\/cryptodnes.bg\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/#primaryimage"},"image":{"@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/#primaryimage"},"thumbnailUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg","datePublished":"2024-07-19T06:00:28+00:00","author":{"@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5"},"description":"Bitcoin remains stable, hovering just above critical support levels and trying to reclaim the $65,000 mark.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/bitcoin-holds-steady-amid-massive-withdrawals-whats-next-for-prices\/#primaryimage","url":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg","contentUrl":"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/bitcoin-bull-4.jpg","width":2560,"height":1350,"caption":"\u0431\u0438\u0442\u043a\u043e\u0439\u043d"},{"@type":"WebSite","@id":"https:\/\/cryptodnes.bg\/en\/#website","url":"https:\/\/cryptodnes.bg\/en\/","name":"Cryptodnes EN","description":"Crypto News, Bitcoin Analysis and More","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptodnes.bg\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/121029bf2ce7d5bbdab7f447d5aeebb5","name":"Alexander Stefanov","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptodnes.bg\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/6dd8585c9881c74e639b0a3d0a889929?s=96&d=mm&r=g","caption":"Alexander Stefanov"},"url":"https:\/\/cryptodnes.bg\/en\/author\/alex100oo\/"}]}},"modified_by":"C0323492922","_links":{"self":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/133465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/comments?post=133465"}],"version-history":[{"count":1,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/133465\/revisions"}],"predecessor-version":[{"id":133469,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/posts\/133465\/revisions\/133469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media\/38308"}],"wp:attachment":[{"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/media?parent=133465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/categories?post=133465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptodnes.bg\/en\/wp-json\/wp\/v2\/tags?post=133465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}