{"id":269512,"date":"2021-06-08T09:01:34","date_gmt":"2021-06-08T06:01:34","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-markets-tumble-after-miners-unload-5000-btc-in-one-week\/"},"modified":"2021-06-08T09:01:34","modified_gmt":"2021-06-08T06:01:34","slug":"crypto-markets-tumble-after-miners-unload-5000-btc-in-one-week","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-markets-tumble-after-miners-unload-5000-btc-in-one-week\/","title":{"rendered":"# Crypto markets tumble after miners unload 5,000 BTC in one week"},"content":{"rendered":"<p>&#8220;<strong># Crypto markets tumble after miners unload 5,000 BTC in one week <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvODAxY2Q3ZjgtNGI2MC00N2Q5LTkyZmMtMjY3Y2ZjNzhiYTI5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The crypto markets are against dropping, with Bitcoin (BTC) crashing below $33,000 for the first time since May 23 as Ether (ETH) similarly broke below support at $2,500.<\/p>\n<p>The downward momentum comes as bearish indicators continue to stack up for Bitcoin, with popular analyst William Clemente III identifying that miners sold more than 5,000 BTC over the past week \u2014 worth roughly $164 million at current prices.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Miners have sold over 5,000 BTC in the last week <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/5pEvLgIls2\">pic.twitter.com\/5pEvLgIls2<\/a><\/p>\n<p>\u2014 William Clemente III (@WClementeIII) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/WClementeIII\/status\/1401718856956235778?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Crypto author Timothy Peterson also highlighted that BTC\u2019s price has remained below its 200-day simple moving average (SMA) for 17 days consecutively.<\/p>\n<p>\u201dThis metric has *always* marked the end of a bull run and the start of a bear market,\u201d he asserted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> price has dropped below 200-SMA for 17 consecutive days and counting.  This metic has *always* marked the end of a bull run and the start of a bear market. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/6dpiFbUI7A\">pic.twitter.com\/6dpiFbUI7A<\/a><\/p>\n<p>\u2014 Timothy Peterson (@nsquaredcrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/nsquaredcrypto\/status\/1401886562749648900?ref_src=twsrc%5Etfw\">June 7, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Although the markets <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be posting a small intra-day bounce \u2014 with BTC currently hovering near $33,000 after dropping to $32,400 and ETH currently changing hands for $2,500 after bouncing off a local low of roughly $2,430 \u2014 both markets have crashed approximately 15% since posting respective local highs of $39,600 and $2,900, respectively, on Thursday.<\/p>\n<p>However, while both Ether and Bitcoin have been shedding value over recent weeks, capital flows for crypto investment products suggest that institutional investors are pivoting toward Ether.<\/p>\n<p>According to a Monday report from CoinShares, Bitcoin investment products saw record outflows of $141 billion this past week, while Ether products reported inflows of $22 million.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-markets-tumble-after-miners-unload-5-000-btc-in-one-week\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto markets tumble after miners unload 5,000 BTC in one week &#8221; The crypto markets are against dropping, with Bitcoin (BTC) crashing below $33,000 for the first time since May 23 as Ether (ETH) similarly broke below support at $2,500. The downward momentum comes as bearish indicators continue to stack up for Bitcoin, with&#8230;<\/p>\n","protected":false},"author":1,"featured_media":269513,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDYvODAxY2Q3ZjgtNGI2MC00N2Q5LTkyZmMtMjY3Y2ZjNzhiYTI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,74937,74863,75042],"class_list":["post-269512","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-bitcoin-price","tag-cryptocurrencies","tag-mining"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=269512"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/269512\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/269513"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=269512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=269512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=269512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}