<\/p>\n
Bitcoin\u2019s support level at $29k has recently been breached, leading to significant action from short-term investors.<\/p>\n
Those who have held Bitcoin for less than 155 days have been observed to capitulate, transferring approximately 17k coins to exchanges at a loss. This activity has surged to one of the highest levels witnessed within the current year and has remained elevated for several months.<\/p>\n
The heightened level of such activity suggests a noteworthy exhaustion of patience among these investors. This development not only underscores the volatile nature of Bitcoin but also signals a shifting investor sentiment in the face of sustained market pressures.<\/p>\n
The past 24 hours have seen an upheaval in the Bitcoin market, with total liquidations<\/a> exceeding $150 million, according to data from Coinglass. Notably, these liquidations were predominantly long positions.<\/p>\n The post Bitcoin short-term investors capitulate under market pressures<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take Bitcoin\u2019s support level at $29k has recently been breached, leading to significant action from short-term investors. Those who have held Bitcoin for less than 155 days have been observed to capitulate, transferring approximately 17k coins to exchanges at a loss. This activity has surged to one of the highest levels witnessed within the […]<\/p>\n","protected":false},"author":2,"featured_media":138370,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-138369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138369","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=138369"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138369\/revisions"}],"predecessor-version":[{"id":148107,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/138369\/revisions\/148107"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/138370"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=138369"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=138369"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=138369"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}