'ຄາດຫວັງວ່າການກະເປົ໋າຂອງ BTC ທີ່ຖືກບັງຄັບ, ETH ຂາຍເປັນຕົວເລກຕະຫຼາດຜູ້ທີ່ລອຍນ້ໍາ naked'

The crypto-market is finally at the end of much-needed relief after an intense sell-out period, or rather months. In the last 24 hours, Ethereum [ETH] ເພີ່ມຂຶ້ນ 14%, Bitcoin [BTC] rose by 11%, and the liquidation amount did fall to around $315 million.

This uptick comes after a significant loss period, as is the case here…

ເພີ່ມຂຶ້ນຈາກຂີ້ເຖົ່າ?

ໄດ້ ຈຸດປະສົງ Bitcoin ETF, launched in February 2021, has seen consistent inflows over the years. However, given the market bloodshed, the ETF shed more than 50% of its holdings in a single day. Canada’s Purpose Bitcoin (BTC) ETF sold a staggering 24,500 BTC by Friday’s close i.e. they sold 50% of their holdings in a single day. That is a lot of BTC to sell in a single day.

ທີ່ມາ: Glassnode

This dent is visible in the graph attached herein, although it did manage to rise again given the Bitcoin market’s ‘recovery.’ The inflows seem to align with a broader short-term tendency of institutional buyers to invest in crypto again.

While it may shed light on an “improving scenario,” Arthur Hayes, had a different narrative to share with the community.

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BTCC – ຈຸດປະສົງ ETF puked 24,500 $ BTC ໃນ​ວັນ​ສຸກ​ຜ່ານ​ມາ​ໃນ​ອາ​ເມ​ຣິ​ກາ​ເຫນືອ​. ຂ້ອຍບໍ່ແນ່ໃຈວ່າພວກເຂົາປະຕິບັດການໄຖ່ແນວໃດແຕ່ນັ້ນແມ່ນຫຼາຍ BTC ທາງດ້ານຮ່າງກາຍທີ່ຈະຂາຍໃນກອບເວລາຂະຫນາດນ້ອຍ. pic.twitter.com/BY7foKdPjY

- Arthur Hayes (@CryptoHayes) ມິຖຸນາ 19, 2022

Bitcoin’s price dropped to a low of close to $17,600 over the last 72 hours.

“Down almost 20% from Friday on good volume. Smells like a forced seller triggered a run on stops,” he added.

ທີ່​ມາ​: Twitter

Ergo, despite the small hike in price, this could raise red flags across the crypto-market. Furthermore, Hayes expects several more episodes of forced selling, given the crypto-lending market fiasco within the crypto-market. He ຄວາມຄິດເຫັນ,

"ຫຼັງຈາກຜູ້ຂາຍຖິ້ມຖົງຂອງພວກເຂົາ, mrkt ໄດ້ເຕົ້າໂຮມກັນຢ່າງໄວວາດ້ວຍປະລິມານຕ່ໍາ. ໃຫ້ສະຖານະທີ່ບໍ່ດີຂອງຄວາມສ່ຽງ mgmt ໂດຍ cryptocurrency ຜູ້ໃຫ້ກູ້ແລະຫຼາຍກວ່າເງື່ອນໄຂການກູ້ຢືມທີ່ກວ້າງຂວາງ, ຄາດວ່າຈະມີການຂາຍທີ່ຖືກບັງຄັບໃຫ້ເພີ່ມຂຶ້ນ BTC ແລະ ETH as the mrkt figures out who is swimming naked.”

Absolute horrors in the market

Result? This is a MASSIVE crypto-crash amounting to billions of dollars.

The past week did witness havoc within the market. ເຄືອຂ່າຍ Celsius – one of the cryptocurrency industry’s biggest lenders – announced that it has halted withdrawals, swaps, and transfers.

Later during the week, ສາມນະຄອນຫຼວງລູກສອນ – one of the industry’s largest hedge funds – showed distress. Analysts revealed that some of their multi-million dollar positions were very close to getting liquidated, raising further red flags for the community.

To make things worse, consider this – FTX, Deribit, and BitMEX liquidated Three Arrows Capital’s positions over the past week after the crypto-hedge fund known as 3AC failed to meet margin calls. Now, Singapore-based 3AC owes about $6 million to BitMEX.