Why is the price of Bitcoin large transactions low (Why is Bitcoin trading less)?
Why is the price of Bitcoin large transactions low? Why is the price of Bitcoin
Why is the price of Bitcoin large transactions low? Why is the price of Bitcoin large transactions low?
On November 18, 2018, around 10:30 PM Beijing time, a large-scale Bitcoin transaction was recorded. According to this record, the amount was calculated based on the inflow and outflow of funds from a specific exchange. This often leads to a large number of orders (or a large number of sell orders) from buyers, resulting in a lower price for large Bitcoin transactions.
But does this small payment not affect the occurrence of large-scale buying and selling?
In this case, some investors may not be willing to accept such a high price, causing some traders to choose to trade at a price lower than the market price. Most of these people hope to obtain a higher price for their transactions and avoid losses.
If this happens, it is likely to cause them significant losses, especially when there are not enough institutional participants in the market willing to provide liquidity. (Image source: Internet)
Of course, there are many other reasons why the price of large Bitcoin transactions is not ideal, but there are also reasons that can be considered, such as Bitcoin’s high frequency problem and market manipulation caused by traders’ judgment of the market, etc.
We can analyze the price of large Bitcoin transactions in the following two ways:
1. Generally, large Bitcoin transactions usually occur during specific periods, that is, large account holders or large investment companies actively request large clients to transfer funds to other trading platforms such as Binance. For example, if a user wants to purchase a product and use it after receiving one dollar on a certain day, the cost of buying the product will increase;
2. Due to the significant fluctuations in the cryptocurrency market, the price of large Bitcoin transactions often changes with the market conditions;
3. The global economic crisis has passed, and central banks around the world are studying how to control the use of digital assets.
In addition, there is another phenomenon worth noting, that is, the reason why the price of large Bitcoin transactions is low is that its value is too expensive and difficult to estimate. From a historical perspective, when Bitcoin rises above tens of thousands of dollars, there will be a large amount of selling pressure, which is a “catalyst” for large futures traders.
Why is Bitcoin trading less
According to Bitcoinist, in the last week of 2018, the price of Bitcoin soared by over 1000%. However, at the same time, a worrying trend of reduced trading volume has emerged, which many analysts call “overheated” or “false”, indicating that people are moving funds to exchanges and sending them to others for investment or even gaining profits through cryptocurrencies. “Excessive speculation leads to price drops,” according to most analysts.
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