Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

‘Maplestory N’ touches avalanche, Solana’s ‘Nyan Heroes’

2025-05-18

Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

2025-05-18

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

    2025-05-18

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Capital One pays $ 425,000,000 to customers after they have reportedly cheated customers from a higher return on bank balance

    2025-05-18

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17

    Complating digital assets win the long game in Crypto

    2025-05-17
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Bitcoin falls to its lowest level since December 12 before bouncing as buyers hold the $40,000 threshold
Analysis

Bitcoin falls to its lowest level since December 12 before bouncing as buyers hold the $40,000 threshold

2024-01-19No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin fell to $40,280 on January 19, its lowest level since December 12, 2023, before recovering to $41,979 after four hours of sustained selling pressure that liquidated most long positions on major exchanges.

At the time of writing, Bitcoin was trading at $41,609 after failing to break the $42,000 mark. Meanwhile, long liquidations amounted to approximately $30 million and made up 85% of all liquidations during the period, based on CoinGlass facts.

Most major cryptocurrencies saw similar price movements and are in the red today. However, the recovery from a key support level signals resilience as investors continue to buy at that key price level.

With $40,000

Bitcoin has crossed the $40,000 threshold despite significant selling pressure over the past week after spot ETFs for the flagship cryptocurrency were approved on January 10, resulting in a ‘sell the news’ event.

The ETFs initially caused the price to rise to $49,000 before investors began taking profits on short-term positions, sending the price back down to mid-December levels.

Initial speculation blamed the downward pressure on Grayscale, which dumped tens of thousands of Bitcoins onto the market. However, data shows that the nine new ETFs – led by BlackRock and Fidelity – have bought more Bitcoin than GBTC has dumped.

Based on available data, Grayscale has sold approximately 60,000 Bitcoin since the ETF began trading, while the ‘Newborn Nine’ has purchased approximately 72,000 BTC over the same period. This means that the downward pressure is not related to the ETFs, as the newer issuers appear to be actively maintaining the $40,000 price line.

See also  XRP flashes falling trendline, why an increase of $ 4 is still in the cards

The nine newly issued spot Bitcoin ETFs are experiencing continued interest from investors. BlackRock and Fidelity’s ETF have already reached $1 billion in assets under management, which equates to over 25,000 BTC.

Whales making a profit

Julio Moreno, head of research at Crypto Quant said the selling comes mainly from short-term traders who have gotten into positions specifically based on the ETF endorsement to “buy the rumor” and Bitcoin whales taking profits after a year of gains.

Meanwhile, the dynamics between long-term and short-term Bitcoin investors are becoming increasingly clear, as evidenced by recent market activity, research from CryptoSlate shows.

Long-term holders – typically those who have held Bitcoin for more than 155 days, including whales – have been observed moving their assets to exchanges to make profits. This trend emerged around July 2023, when the value of Bitcoin saw a significant drop from $30,000 to $26,000.

Specifically, on January 17 and 18, these long-term investors transferred an estimated 25,000 BTC, worth approximately $1 billion, to exchanges, a move interpreted as cashing out their investments without incurring losses.

Conversely, short-term Bitcoin holders, those who hold their investments for less than 155 days, have shown a more erratic pattern. On January 18, they transferred a significant amount of Bitcoin, worth $2.4 billion, to exchanges at a loss.

This indicates a higher level of activity among these investors and lower profits. In particular, those who had hoped to capitalize on Bitcoin’s rise to $49,000 appear to have already taken their profits or are facing losses.



Source link

Bitcoin bouncing Buyers December Falls hold level lowest Threshold
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Equities RIP higher as Bitcoin lags behind – a new market reality to watch!

2025-05-18

Bitcoin -price could prepare for a new wave of volatility – this is why

2025-05-18

Bitcoin traders are again profit, but do they ignore these warning signals?

2025-05-18

Ethereum – price is struggling to keep above $ 2,500 – watch out for this support level

2025-05-18
Add A Comment

Comments are closed.

Top Posts

AI clashes with Blockchain? Mike Novogratz backs up Reddit founder’s stunning prediction

2024-04-15

Coinbase unveils new smart wallet platform offering ‘gas-free on-chain experience’

2024-06-06

Argentina approves the first legally binding Cardano Smart Contract

2024-10-17
Editors Picks

Layer 2 zkEVM Scroll appears to have gone live on the mainnet, raising $500,000 so far

2023-10-14

Ethereum Classic Retreats After Rally Fueled by ETF Approval

2024-01-21

The Hong Kong investment banking giant is launching the first tokenized commercial paper on Ethereum

2024-04-03

PEPE vs. Shiba Inu: Which Memecoin Will Dominate the July Market?

2024-07-15

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

‘Maplestory N’ touches avalanche, Solana’s ‘Nyan Heroes’

Declan Hannon about how Aurora Labs makes blockchain accessible to everyone

Bitcoin has to close more than $ 107,000 to confirm the outbreak or the risk of falling to $ 98,000

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,364.161.10%
  • ethereumEthereum(ETH)$2,422.84-2.45%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.391.50%
  • binancecoinBNB(BNB)$644.380.44%
  • solanaSolana(SOL)$168.440.74%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2256914.32%
  • cardanoCardano(ADA)$0.74-0.28%
  • tronTRON(TRX)$0.265897-2.17%
  • suiSui(SUI)$3.81-0.41%
  • chainlinkChainlink(LINK)$15.490.93%
  • avalanche-2Avalanche(AVAX)$22.440.10%
  • stellarStellar(XLM)$0.2876840.38%
  • hyperliquidHyperliquid(HYPE)$26.361.85%
  • shiba-inuShiba Inu(SHIB)$0.0000152.73%
  • hedera-hashgraphHedera(HBAR)$0.1928811.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-3.03%
  • bitcoin-cashBitcoin Cash(BCH)$398.481.69%
  • the-open-networkToncoin(TON)$3.121.43%
  • litecoinLitecoin(LTC)$98.972.14%
  • polkadotPolkadot(DOT)$4.670.49%
  • moneroMonero(XMR)$342.321.96%
  • bitget-tokenBitget Token(BGB)$5.102.81%
  • pepePepe(PEPE)$0.0000137.77%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.746.49%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.933.30%
  • bittensorBittensor(TAO)$416.26-1.59%
  • aaveAave(AAVE)$225.441.06%
  • nearNEAR Protocol(NEAR)$2.752.05%
  • aptosAptos(APT)$5.09-0.22%
  • okbOKB(OKB)$52.74-0.87%
  • ondo-financeOndo(ONDO)$0.931.16%
  • kaspaKaspa(KAS)$0.1101721.28%
  • internet-computerInternet Computer(ICP)$5.200.93%
  • ethereum-classicEthereum Classic(ETC)$18.210.35%
  • gatechain-tokenGateToken(GT)$21.580.20%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.971.98%
  • crypto-com-chainCronos(CRO)$0.0975770.51%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2362061.66%
  • mantleMantle(MNT)$0.730.83%
  • vechainVeChain(VET)$0.0282091.62%
  • render-tokenRender(RENDER)$4.560.54%
  • ethenaEthena(ENA)$0.3736875.68%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.852.07%
  • algorandAlgorand(ALGO)$0.2210192.12%
  • cosmosCosmos(ATOM)$4.821.68%
  • bitcoinBitcoin(BTC)$104,364.161.10%
  • ethereumEthereum(ETH)$2,422.84-2.45%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.391.50%
  • binancecoinBNB(BNB)$644.380.44%
  • solanaSolana(SOL)$168.440.74%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2256914.32%
  • cardanoCardano(ADA)$0.74-0.28%
  • tronTRON(TRX)$0.265897-2.17%
  • suiSui(SUI)$3.81-0.41%
  • chainlinkChainlink(LINK)$15.490.93%
  • avalanche-2Avalanche(AVAX)$22.440.10%
  • stellarStellar(XLM)$0.2876840.38%
  • hyperliquidHyperliquid(HYPE)$26.361.85%
  • shiba-inuShiba Inu(SHIB)$0.0000152.73%
  • hedera-hashgraphHedera(HBAR)$0.1928811.12%
  • unus-sed-leoUNUS SED LEO(LEO)$8.67-3.03%
  • bitcoin-cashBitcoin Cash(BCH)$398.481.69%
  • the-open-networkToncoin(TON)$3.121.43%
  • litecoinLitecoin(LTC)$98.972.14%
  • polkadotPolkadot(DOT)$4.670.49%
  • moneroMonero(XMR)$342.321.96%
  • bitget-tokenBitget Token(BGB)$5.102.81%
  • pepePepe(PEPE)$0.0000137.77%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.746.49%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$5.933.30%
  • bittensorBittensor(TAO)$416.26-1.59%
  • aaveAave(AAVE)$225.441.06%
  • nearNEAR Protocol(NEAR)$2.752.05%
  • aptosAptos(APT)$5.09-0.22%
  • okbOKB(OKB)$52.74-0.87%
  • ondo-financeOndo(ONDO)$0.931.16%
  • kaspaKaspa(KAS)$0.1101721.28%
  • internet-computerInternet Computer(ICP)$5.200.93%
  • ethereum-classicEthereum Classic(ETC)$18.210.35%
  • gatechain-tokenGateToken(GT)$21.580.20%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.971.98%
  • crypto-com-chainCronos(CRO)$0.0975770.51%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2362061.66%
  • mantleMantle(MNT)$0.730.83%
  • vechainVeChain(VET)$0.0282091.62%
  • render-tokenRender(RENDER)$4.560.54%
  • ethenaEthena(ENA)$0.3736875.68%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.852.07%
  • algorandAlgorand(ALGO)$0.2210192.12%
  • cosmosCosmos(ATOM)$4.821.68%