{"id":172638,"date":"2024-10-04T15:29:39","date_gmt":"2024-10-04T15:29:39","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172638"},"modified":"2024-10-04T15:29:42","modified_gmt":"2024-10-04T15:29:42","slug":"whales-crashing-bitcoin-price-massive-sell-offs-and-token-unlocks-send-markets-tumbling","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/whales-crashing-bitcoin-price-massive-sell-offs-and-token-unlocks-send-markets-tumbling\/","title":{"rendered":"Whales Crashing Bitcoin Price! Massive Sell-Offs and Token Unlocks Send Markets Tumbling"},"content":{"rendered":"<p style=\"text-align: justify\">TL;DR<\/p>\n<ul>\n<li style=\"text-align: justify\">The price of Bitcoin has <strong>suffered corrections<\/strong> since March, driven by <strong>large sell-offs from whales<\/strong> and a <strong>massive token unlock<\/strong>, increasing the supply of altcoins in the market.<\/li>\n<li style=\"text-align: justify\">The selling pressure has <strong>countered the positive flows from stablecoins and BTC ETFs<\/strong>, although an optimistic outlook remains for the coming months.<\/li>\n<li style=\"text-align: justify\"><strong>Whales<\/strong>, who hold more than 1,000 BTC, have <strong>notably influenced the<\/strong> market, and approximately<strong> $35 billion in tokens have been unlocked<\/strong> since March.<br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\">The <strong>price of <a href=\"https:\/\/crypto-economy.com\/the-value-of-bitcoin-everything-you-need-to-know\/\" target=\"_blank\" rel=\"noopener\">Bitcoin<\/a><\/strong> has gone through some notable corrections since March. This has been influenced by a combination of <strong>significant sell-offs by whales and a massive token unlock<\/strong> that has increased the total supply of altcoins in the market.<!--more--><\/p>\n<p style=\"text-align: justify\">A recent <a href=\"https:\/\/mail.10xresearch.co\/p\/is-the-mini-bitcoin-correction-over\" target=\"_blank\" rel=\"noopener\"><strong>report<\/strong> <\/a>from <strong>10x Research<\/strong> notes that these factors <strong>have countered the positive flows from stablecoins and Bitcoin exchange-traded funds (ETFs),<\/strong> as well as the growing use of leverage in futures contracts. According to the report, while it is unfortunate that early token holders&#8217; sales have kept prices stagnant since March, <strong>the future outlook remains optimistic<\/strong>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today&#39;s report explains the reasons behind the sell-off that began in March and why, despite strong inflows from stablecoins, Bitcoin ETFs, and a rise in futures leverage, Bitcoin hasn&#39;t rallied. The main factors are heavy selling by Whales and the large token unlocks, which have\u2026<\/p>\n<p>&mdash; 10x Research (@10x_Research) <a href=\"https:\/\/twitter.com\/10x_Research\/status\/1842157394790617359?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 4, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h3 style=\"text-align: justify\">The Bitcoin Situation May Improve in 6 to 12 Months<\/h3>\n<p style=\"text-align: justify\">Markus Thielen, founder of 10x Research, emphasized that a potential <strong>increase in economic growth in the United States<\/strong>, along with <strong>interest rate cuts<\/strong> by the Federal Reserve due to declining inflation and strong corporate profits, <strong>could have a positive impact on Bitcoin&#8217;s price<\/strong> <strong>in a six to twelve-month horizon<\/strong>. Despite the current corrections, it is suggested that the economic situation may improve, providing some relief to the cryptocurrency.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172640\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/token-post.jpg\" alt=\"TOKEN UNLOCK BITCOIN POST\" width=\"825\" height=\"396\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/token-post.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/token-post-300x144.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/token-post-768x369.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\">Whale sell-offs have been a critical factor in Bitcoin&#8217;s performance throughout the year. Those who hold more than 1,000 BTC <strong>have significantly influenced the market<\/strong>, especially between <strong>April and August<\/strong>. The activity of these large investors has indicated an <strong>intent to sell<\/strong>, which has contributed to BTC&#8217;s inability to gain upward momentum. At the same time, the <a href=\"https:\/\/crypto-economy.com\/what-is-a-cryptocurrency-airdrop\/\" target=\"_blank\" rel=\"noopener\"><strong>unlocking of tokens<\/strong><\/a> <strong>has intensified selling pressure<\/strong>, with approximately <strong>$35 billion<\/strong> in tokens unlocked since March. In <strong>October<\/strong>, <strong>$3.9 billion<\/strong> in unlocks were recorded, a sharp increase from $1.9 billion in September.<\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-90325\" src=\"https:\/\/crypto-economy.com\/es\/\/wp-content\/uploads\/sites\/4\/2024\/09\/BitcoinBTC.jpg\" alt=\"\u00a1El precio de Bitcoin llegar\u00eda a los $100.000! No importa qui\u00e9n gane en 2024, dicen los analistas\" width=\"825\" height=\"300\" \/><\/p>\n<h2 style=\"text-align: justify\">Future Risks and Factors to Consider<\/h2>\n<p style=\"text-align: justify\">Despite the selling pressure generated by large transactions and the increase in token supply, institutional flows, which include <strong>investments in ETFs, stablecoins, and futures markets<\/strong>, have helped <strong>stabilize the market<\/strong>. These flows, although neutralized by selling, <strong>have prevented more abrupt price declines<\/strong>.<\/p>\n<p style=\"text-align: justify\">On the other hand, the macroeconomic environment, marked by uncertainty about employment in the U.S., <strong>has influenced market volatility<\/strong>, indicating that as the economic reporting season approaches, institutional flows will play a key role in the dynamics of the crypto market<\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The price of Bitcoin has suffered corrections since March, driven by large sell-offs from whales and a massive token unlock, increasing the supply of altcoins in the market. The selling pressure has countered the positive flows from stablecoins and BTC ETFs, although an optimistic outlook remains for the coming months. Whales, who hold more &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Whales Crashing Bitcoin Price! Massive Sell-Offs and Token Unlocks Send Markets Tumbling\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/whales-crashing-bitcoin-price-massive-sell-offs-and-token-unlocks-send-markets-tumbling\/#more-172638\" aria-label=\"More on Whales Crashing Bitcoin Price! Massive Sell-Offs and Token Unlocks Send Markets Tumbling\">Read more<\/a><\/p>\n","protected":false},"author":34,"featured_media":172641,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[100,70,74],"tags":[4602,4620,5536,4656,4880],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172638"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172638"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172638\/revisions"}],"predecessor-version":[{"id":172642,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172638\/revisions\/172642"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172641"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}