Bitcoin (BTC) falls under 57,000 USD again due to strong sales pressure

• Due to great institutional sales and market pressure, the Bitcoin course falls below $ 57,000.
• Short -term owners have to expect non -realized losses and could trigger market volatility if they decide to limit a loss.
• $ 51,000 represent a decisive support brand and long-term investors could consider this as a purchase opportunity.

Bitcoin (BTC) has slipped again below 57,000, while his turbulent journey continues. At the editorial deadline, BTC was traded at $ 56,749.40, which corresponds to a decline of 5.32 % within a week.

This latest decline is due to the meeting of several factors. This includes considerable institutional sales, the pressure of short -term owners who are faced with non -realized losses, and persistent sales on the spot market.

institutional sales influence the Bitcoin Prize

An essential factor for the drop in prices from Bitcoin is the strong sales activity of institutional investors. Prominent actors such as Fidelity, Grayscale, ARK Invest and Ceffu have contributed significantly to the downward pressure.

fidelity leads the list and sold 16,000 BTC worth around $ 915 million. Grayscale follows with the sale of 15,000 BTC worth around $ 858 million. ARK Invest sold 7,000 BTC worth around $ 400.4 million, while Ceffu sold almost 3,124 BTC with a total value of around $ 178 million.

institutions throw BTC from 🚨

since August

🔻 fidelity sold 16,000 BTC worth $ 915 million.

🔻 Arkinvest has sold 7,000 BTC worth $ 400.4 million

🔻 Grayscale sold 15,000 BTC worth $ 858 million.

🔻 In addition, Ceffu BTC sold almost 3124 ... pic.twitter.com/4plbmcgdlh

- Kluger Rat (@Wiseadvicesumit) 5. September 2024

This institutional sale was a decisive factor for the decline in Bitcoin. The considerable Bitcoin transfers on stock exchanges suggest that these large actors either take profits with them or re-balance their portfolios.

Interestingly, BlackRock, while these institutions actively sell, retained a neutral attitude and avoided both buying and selling bitcoins in view of the current market fluctuations.

risk that short -term owners will leave massive positions

The sales pressure is increased by the situation of short-term Bitcoin owners, who are currently faced with significant losses.

according to data from Glassnode Bitcoin suffered from financial difficulties in the past six months because their average cost basis suffer between $ 59,000 and $ 65,200 and is therefore well above the current market price.

The financial burden of this group becomes clear by important key figures and their possibility of giving up positions en masse takes a significant risk of increased market volatility.

Even if the average Bitcoin investor continues to make profits, the significant losses of short-term owners could possibly trigger a general market weakness if they decide to limit a loss.

The price level of USD 51,000 is emphasized as critical support that must be maintained in order to preserve the current market structure.

potential for market stabilization

Since Bitcoin is still exposed to strong sales pressure, its market behavior reflects a complex interplay of institutional actions, short -term owner dynamics and general market conditions. While the immediate prospects appear unsafe, especially in view of the potential of further short -term declines, long -term investors could find added value in this adjustment phase.

Analysts have observed a certain absorption at lower price levels, which could indicate that Bitcoin could adjust to a phase of sideways movement before a decisive movement.

here is still being sold here, but at the same time we see some signs of an absorption at the deep stalls. Perhaps there will be some fluctuations in the low in the next few days before we are ready for a real slump.

Pay attention to PA with possible deviations over/under the blue lines ... https://t.co/sjpjpjtivvlg pic.twitter.com/mgfyiqzlqi

- credibull crypto (@CredibleCrypto) 5. September 2024

The current decline could be a purchase opportunity for long -term investors who can cope with short -term volatility.