{"id":382857,"date":"2021-12-18T12:55:30","date_gmt":"2021-12-18T09:55:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-bears-lack-balls-to-continue-selling-into-2022-analyst\/"},"modified":"2021-12-18T12:55:30","modified_gmt":"2021-12-18T09:55:30","slug":"bitcoin-bears-lack-balls-to-continue-selling-into-2022-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-bears-lack-balls-to-continue-selling-into-2022-analyst\/","title":{"rendered":"# Bitcoin bears lack &#8216;balls&#8217; to continue selling into 2022 \u2014 analyst"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3dd26f30a29\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3dd26f30a29\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bears-lack-balls-to-continue-selling-into-2022-analyst\/#Sheep_in_bears_clothing\" >Sheep in bear&#8217;s clothing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-bears-lack-balls-to-continue-selling-into-2022-analyst\/#Will_altcoins_spoil_the_party\" >Will altcoins spoil the party?<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Bitcoin bears lack &#8216;balls&#8217; to continue selling into 2022 \u2014 analyst <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Bitcoin (BTC) bears will probably be too &#8220;stoneless&#8221; to keep prices down much longer, fresh BTC price analysis argues.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/lightcrypto\/status\/1472023726002958340\">Twitter series<\/a> published Dec. 18, popular account Light summarized the events which led to Bitcoin&#8217;s recent 39% correction.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Sheep_in_bears_clothing\"><\/span>Sheep in bear&#8217;s clothing<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A combination of macro factors and smart action from big players left retail investors holding the bags in both Bitcoin and altcoins, Light explained.<\/p>\n<p>This was <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>arent before the comedown from $69,000 accelerated into December&#8217;s liquidation cascade \u2014 smart money knew that such levels were unsustainable, and reacted accordingly.<\/p>\n<p>&#8220;25% of derivatives OI was closed or liquidated. Billions upon billions lost. If people were cautious before, they were now properly risk averse,&#8221; the account wrote. <\/p>\n<blockquote><p>&#8220;Those who did not take heed of the market\u2019s message a month before, now began to panic in an accelerating fashion.&#8221;<\/p><\/blockquote>\n<p>After bottoming and since remaining broadly below $50,000, however, there is fresh cause for opt<\/p>\n<p>Those same early sellers are now beginning to look the other way, while BTC\/USD is at solid support and appetite for Bitcoin is returning.<\/p>\n<p>&#8220;Whereas bulls have been cautious, bears have taken to aggression, pushing perpetuals basis negative on some venues and building OI, while the large players who derisked in the $60k area have reversed course and begun to absorb panic- and short-selling,&#8221; Light continued.<\/p>\n<blockquote><p>&#8220;Funds are likely done (or close to it) with structural sell flows, are cashed-up, and will now consider frontrunning the other way, namely, incoming buy flows in January.&#8221;<\/p><\/blockquote>\n<p>Despite narratives arguing otherwise, the future for Bitcoin bears, therefore, is likely not nearly as &#8220;exciting&#8221; as the start of the month.<\/p>\n<p>&#8220;It\u2019s the bears that will likely turn out to be stoneless soon enough,&#8221; Light summarized.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/6bcf818e-c39b-472c-a3fc-4350ecaaf76c.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD chart except showing trader position data. Source: Light\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Will_altcoins_spoil_the_party\"><\/span>Will altcoins spoil the party?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Putting a potential spoke in the wheel are altcoins, these continuing to see distribution after considerable gains throughout 2021. <\/p>\n<p><strong><em>Related: Happy \u2018bearday,\u2019 Bitcoin: It\u2019s been 3 years since BTC bottomed at $3.1K<\/em><\/strong><\/p>\n<p>For the short term, however, Ether (ETH) continues to &#8220;carry the market,&#8221; Cointelegraph contributor Micha\u00ebl van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1471518326547386374\">argued<\/a> this week.<\/p>\n<p>Even here, however, the tide is turning as data <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/CRYPTOCAP-BTC.D\/\">shows<\/a> Bitcoin dominance waning.<\/p>\n<p>&#8220;Many altcoins are down 80% since their peak high in May. They are also on higher timeframe support levels or approaching those,&#8221; Van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1471822345690099720\">told<\/a> Twitter followers. <\/p>\n<blockquote><p>&#8220;The sentiment is ultra bearish all across the markets. I&#8217;m heavily buying. Are you?&#8221;<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/f0a837b9-af73-4dd9-86fc-6087bfdde44f.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin market cap dominance 1- chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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\/bitcoin-bears-lack-balls-to-continue-selling-into-2022-analyst\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Bitcoin bears lack &#8216;balls&#8217; to continue selling into 2022 \u2014 analyst &#8221; Bitcoin (BTC) bears will probably be too &#8220;stoneless&#8221; to keep prices down much longer, fresh BTC price analysis argues. In a Twitter series published Dec. 18, popular account Light summarized the events which led to Bitcoin&#8217;s recent 39% correction. Sheep in bear&#8217;s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":382858,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvY2U1NWQ0NGUtMjRjMy00ZTMyLWE4N2EtMDE0MTk0NGI5Y2YwLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,73785],"class_list":["post-382857","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382857","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=382857"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/382857\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/382858"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=382857"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=382857"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=382857"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}