Content Index
Toggle
Bitcoin falls below $39,000
Is Mt.GOX also a potential pressure?
$SATS has the highest decline
Cryptocurrencies experienced a significant decline on January 23rd. In fact, Bitcoin has been consolidating for several days after reaching $41,000 on the 20th, and began to decline on the morning of the 22nd, falling below $41,000 later that day.
In the early morning of the 23rd, it fell below $40,000, and before the deadline, it even fell below $39,000. Ether also dropped to $2,222, with a total market value decline of -4.68%, reaching $1.53 trillion.
(
Bitcoin falls below $40,000 this morning, is it due to FTX shorting GBTC?
)
Advertisement – Continue scrolling for more content
BTC/USDT|1H
Is Mt.GOX also a potential pressure?
Although there has been a lot of discussion about GBTC in the market, some analysts believe that the outflow of GBTC and the inflow of other Bitcoin spot ETFs have offset each other.
Other potential reasons for the decline include:
Ethereum Foundation
Exchanging 700 ETH for DAI at an average price of $2,406.
Not just GBTC,
Mt.GOX
is also a potential pressure.
(
Continuous selling pressure on GBTC, Bitcoin’s downward trend may not turn around until late March
)
$SATS has the highest decline
According to
CoinMarketCap
, among the top 24 cryptocurrencies by market capitalization, the highest decline is:
SATS (1000SATS): -13.2%
OKB (OKB): -13.2%
Optimism (OP): 10.5%
ORDI (ORDI): -11.4%
NEAR Protocol (NEAR): -10.52%
On-chain tracking institution Arkham pointed out that over $100 million worth of long positions were liquidated within an hour.
Earlier reports indicated significant volatility in OKX exchange’s platform token, with a decline of up to 50%.
(
OKB plummets over 50%, OKX investigates Xu Mingxing, and on-chain whales enter short positions?
)
bitcoin
BTC
ETH
Bitcoin
Further reading
Ark Invest’s Cathie Wood: Even Satoshi Nakamoto Cannot Control Bitcoin
ETF inventor withdraws! Vanguard exits Bitcoin futures, solidifying its position of “no cryptocurrency” investment.