🪙 There are currently two main reasons for Bitcoin going down

💸 The initiation of payouts totaling 142,000 Bitcoins from Mt.Gox and the related news background, to which the market typically responds with a decline.

🇩🇪 Germany, which continues to sell its #BTC — just today they transferred 1,300 coins from their wallet.

And while the situation with #MtGox is clear, Justin Sun is trying to influence the Germans by offering the German government to buy their Bitcoins to minimize the market impact.

❤️ — Justin is our hero
🚀 — Not a market decline, but a discount

#CryptoNews

⚡️#MtGox has confirmed that they are starting compensation payments of $9 billion in bitcoin

📉 The market responded with an extreme drop: #BTC fell to $54,000 at one point, and #ETH to $2,800. Altcoins in the top 100 saw declines of 10%-20%.

The market is showing an extreme level of fear and panic selling. Whales with balances of 1,000 to 10,000 bitcoins sold over $1.8 billion.

🐳 — I’m selling with the whales
💎 — I believe in bitcoin

#CryptoNews

🔽 The market is in the red again — let’s figure out what happened

The first reason is the decline of the US stock market due to reports from tech companies that did not meet investors' expectations.

🔷 The second significant factor was the capital outflow from #Ethereum #ETF amounting to over $133 million.

🍰 And the cherry on top was the new payouts from #MtGox, transferring $2 billion in #BTC to exchanges.

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#CryptoNews

#Opinion

🪙 Traders are holding their payouts from #MtGox

Analysts at #Glassnode claim in a new report that most investors who received compensations are continuing to hold their coins and are not moving them to the market.

This hypothesis is supported by the data on the spot cumulative volume delta (CVD), which the report's authors applied to two major exchanges receiving the funds.

The report also notes a steady demand for #BTC, indicated by fluctuations in the range of $66,000–$68,000 per #Bitcoin during the payout period.

👍 — If you need a #glossary post explaining "cumulative volume delta"
❤️ — If you will explain it yourself in the comments

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