{"id":119046,"date":"2024-10-27T19:14:19","date_gmt":"2024-10-27T12:14:19","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=119046"},"modified":"2024-10-27T19:14:19","modified_gmt":"2024-10-27T12:14:19","slug":"bitcoin-will-67k-support-hold-after-btc-whales-take-billions-in-profits","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=119046","title":{"rendered":"Bitcoin: Will $67K support hold after BTC whales take billions in profits?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">Buying pressure on Bitcoin increased over the last week.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><em><span style=\"font-weight: 400;\">BTC successfully tested a support and might soon move towards $68k.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> has once again entered the consolidation phase as its price lingered around $67k. Meanwhile, the big-pocketed players in the game chose to cash in profit. Will this have a negative impact on BTC\u2019s price in the coming days?\u00a0<\/span><\/p>\n<h2><b>Bitcoin whales create buzz<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Ali, a popular crypto analyst, recently posted a <\/span><a href=\"https:\/\/x.com\/ali_charts\/status\/1850125601207677265?t=zUggDqub-Hd7ixms8WcqLw&amp;s=19\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">tweet<\/span><\/a><span style=\"font-weight: 400;\"> highlighting an interesting development. As per the tweet, Bitcoin whales recently cashed in over $1.4 billion in profits. This was evident from the massive rise in BTC\u2019s long-term holders whales\u2019 realized profit in USD.\u00a0<\/span><\/p>\n<div id=\"attachment_437182\" style=\"width: 2166px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437182\" class=\"wp-image-437182 size-full\" alt=\"\" width=\"2156\" height=\"1202\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM.png 2156w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-300x167.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-1024x571.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-768x428.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-1536x856.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-2048x1142.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-1200x669.png 1200w\" data-lazy-sizes=\"(max-width: 2156px) 100vw, 2156px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437182\" class=\"wp-image-437182 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM.png\" alt=\"\" width=\"2156\" height=\"1202\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM.png 2156w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-300x167.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-1024x571.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-768x428.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-1536x856.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-2048x1142.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.17.28\u202fAM-1200x669.png 1200w\" sizes=\"auto, (max-width: 2156px) 100vw, 2156px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437182\" class=\"wp-caption-text\">Source X<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">In fact, AMBCrypto also <\/span><a href=\"https:\/\/ambcrypto.com\/bitcoin-whales-surge-to-2021-levels-will-this-lead-btc-to-a-new-ath\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> earlier the rise in BTC whale activity. BTC whales\u2019 have increased as they expand their holdings towards the 4 million mark. With this, BTC whales reached the 2021 levels. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto then planned to check market sentiment to find out whether the surge in whale activity had any impact on buying behavior. As per our analysis of Santiment\u2019s data, BTC\u2019s exchange outflow spiked on the 20th of October 2024. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thanks to that, BTC\u2019s supply on exchanges dropped while its supply outside of exchanges increased. All of these metrics indicated that buying pressure on the king coin was high. A hike in the metric is considered a bullish signal as it is often followed by price hikes.\u00a0<\/span><\/p>\n<div id=\"attachment_437183\" style=\"width: 2570px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437183\" class=\"wp-image-437183 size-full\" alt=\"Buying pressure on BTC was high\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-1200x406.png 1200w\" data-lazy-sizes=\"(max-width: 2560px) 100vw, 2560px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437183\" class=\"wp-image-437183 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024.png\" alt=\"Buying pressure on BTC was high\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-2048x693.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Bitcoin-BTC-11.21.55-27-Oct-2024-1200x406.png 1200w\" sizes=\"auto, (max-width: 2560px) 100vw, 2560px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437183\" class=\"wp-caption-text\">Source: Santiment<\/p>\n<\/div>\n<h2><b>Will BTC finally turn volatile again?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">While all this happened, BTC\u2019s price started to consolidate. The king coin\u2019s price moved only marginally over the last week. At press time, it was trading just above $67k. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">To better understand whether the rise in buying pressure will allow BTC to register gains, AMBCrypto checked CryptoQuant\u2019s data. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to our analysis, BTC\u2019s aSORP turned red. This indicated that more investors have recently started selling at a profit. In the middle of a bull market, it can indicate a market top. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Another bearish metric was the NULP. The metric revealed that investors were in a belief phase where they are currently in a state of high unrealized profits.<\/span><\/p>\n<div id=\"attachment_437184\" style=\"width: 1010px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437184\" class=\"wp-image-437184 size-full\" alt=\"BTC aSORP was red\" width=\"1000\" height=\"592\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM.png 1000w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM-300x178.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM-768x455.png 768w\" data-lazy-sizes=\"(max-width: 1000px) 100vw, 1000px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437184\" class=\"wp-image-437184 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM.png\" alt=\"BTC aSORP was red\" width=\"1000\" height=\"592\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM.png 1000w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM-300x178.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-27-at-11.33.51\u202fAM-768x455.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437184\" class=\"wp-caption-text\">Source: CryptoQuant<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Apart from this, Bitcoin\u2019s <\/span><a href=\"https:\/\/www.coinglass.com\/LongShortRatio\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">long\/short ratio<\/span><\/a><span style=\"font-weight: 400;\"> also witnessed a major decline. A drop in the metric means that there are more short positions in the market than long positions. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Whenever that happens, it indicates that bearish sentiment around an asset is increasing.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Read <\/span><a href=\"https:\/\/ambcrypto.com\/predictions\/bitcoin-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Bitcoin\u2019s [BTC] Price Prediction<\/span><\/a><span style=\"font-weight: 400;\"> 2024\u20132025\u00a0<\/span><\/p>\n<hr\/>\n<p><span style=\"font-weight: 400;\"> We then took a look at the king coin\u2019s daily chart. The Bollinger Bands revealed that BTC has successfully tested its support at the 20-day SMA.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the technical indicator also suggested that BTC\u2019s price was in a high volatility zone. These indicated that in case of an upward price move, BTC might soon reach its resistance at $68.5k.\u00a0<\/span><\/p>\n<div id=\"attachment_437185\" style=\"width: 2720px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437185\" class=\"wp-image-437185 size-full\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-1200x645.png 1200w\" data-lazy-sizes=\"(max-width: 2710px) 100vw, 2710px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-437185\" class=\"wp-image-437185 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01.png\" alt=\"\" width=\"2710\" height=\"1456\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-300x161.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-1024x550.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-768x413.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-1536x825.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-2048x1100.png 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/BTCUSD_2024-10-27_11-40-01-1200x645.png 1200w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/a><\/p>\n<p id=\"caption-attachment-437185\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p>\u00a0<\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\n\t\t\t\t\t\t\t\t\t\t\tNext: <a href=\"https:\/\/ambcrypto.com\/dogwifhat-retests-broken-trendline-can-wif-rally-to-new-highs-now\/\" rel=\"prev\" data-wpel-link=\"internal\">dogwifhat retests broken trendline: Can WIF rally to new highs now?<\/a>\t\t\t\t\t\t\t\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/bitcoin-will-67k-support-hold-after-btc-whales-take-billions-in-profits\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying pressure on Bitcoin increased over the last week.\u00a0 BTC successfully tested a support and might soon move towards $68k.\u00a0 Bitcoin [BTC] has once again entered the consolidation phase as &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=119046\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-119046","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=119046"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/119046\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=119046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=119046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=119046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}