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- Published: Monday, 03 January 2022 12:15
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Bitcoin เริ่มต้นปี 2022 ที่ $47.2K เนื่องจากการวิจัยครั้งใหม่ชี้ให้เห็นถึงประสิทธิภาพในการอพยพของเทรดเดอร์ชาวจีน
cointelegraph : WILLIAM SUBERG
การแลกเปลี่ยนที่ทำให้พลเมืองจีนหมดเขตก่อนวันที่ 31 ธันวาคมอาจเพิ่มแรงกดดันในการขาย BTC
Bitcoin เริ่มต้นปี 2022 ที่ $47.2K เนื่องจากการวิจัยครั้งใหม่ชี้ให้เห็นถึงประสิทธิภาพในการอพยพของเทรดเดอร์ชาวจีนอัพเดทตลาด
Bitcoin ( BTC ) ร่วงลงในนาทีสุดท้ายเมื่อปี 2021 สิ้นสุดลง-และความเห็นพ้องต้องกันเกิดขึ้นในประเทศจีนอีกครั้งซึ่งเป็นสาเหตุของความอ่อนแอ
China "last hammer" could now provide optimism on BTC
Hours before the yearly close, BTC/USD dived $2,000 to lows of $45,630 on Bitstamp before a modest recovery drew a line under 2021 at $47,200, data from Cointelegraph Markets Pro and TradingView shows.
While something of an anticlimax and far below many popular projections, the lack of parabolic upside for Bitcoin has recently seen explanations shift to exchanges.
Chinese users, following years of the government tightening the screws around crypto trading, had until Dec. 31 to leave the major Chinese exchanges, which were obliged to deregister them.
For Bobby Lee, former CEO of exchange BTCC, this constitutes the "last hammer" in Beijing's arsenal and one which could have been having a considerable impact on selling behavior.
"Maybe that’s why the hotly anticipated year end bull market hasn’t taken off yet," he argued in a series of tweets on the matter in early December.
"Waiting for the last hammer to drop in China! Expect a mini-correction when the enforcement news gets out, and then a relief rally that could bring us back on track for a real Bitcoin bull market."
Other voices supported the theory, while this week, Blockstream also acknowledged the possible pressure from offloading Chinese users, who could be selling their BTC in order to withdraw capital — leading to rising balances.
It’s also a potential reason for optimism going forward as the Chinese exchange overhang will be cleared from the end of this month.
"I think this probably explains why we’ve seen Bitcoin typically trade weaker over Asia hours vs US and European hours," Blockstream analyst Jesse Knutson wrote in the firm's latest weekly newsletter.
"It’s also a potential reason for optimism going forward as the Chinese exchange overhang will be cleared from the end of this month."
Staying cool on holiday volatility
On shorter timeframes, thin holiday liquidity could provide another reason to discard price dips like the one seen Friday.
Related: First US Bitcoin ETF a ‘dud’ in 2021 as GBTC discount stays near record lows
Prior to the return of Wall Street and institutional traders, BTC price action overall may provide an unreliable impression of how the market will perform subsequently.
2022, one forecast this week said, should see a major "flippening" of Bitcoin ownership in favor of large-volume institutional traders and away from retail.
