{"id":383660,"date":"2021-12-20T18:05:00","date_gmt":"2021-12-20T15:05:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dont-expect-retail-sell-off-to-crash-bitcoin-price-analyst\/"},"modified":"2021-12-20T18:05:00","modified_gmt":"2021-12-20T15:05:00","slug":"dont-expect-retail-sell-off-to-crash-bitcoin-price-analyst","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dont-expect-retail-sell-off-to-crash-bitcoin-price-analyst\/","title":{"rendered":"# Don&#8217;t expect retail sell-off to crash Bitcoin price \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-6a3bc1d51c573\" 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-6a3bc1d51c573\" 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\/dont-expect-retail-sell-off-to-crash-bitcoin-price-analyst\/#US_retail_stays_calm_throughout_the_rout\" >U.S. retail stays calm throughout the rout<\/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\/dont-expect-retail-sell-off-to-crash-bitcoin-price-analyst\/#Open_interest_creeps_higher\" >Open interest creeps higher<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Don&#8217;t expect retail sell-off to crash Bitcoin price \u2014 analyst <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry&#8217;s best-known analysts suggests.<\/p>\n<p>In a <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not spark a further BTC price rout.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"US_retail_stays_calm_throughout_the_rout\"><\/span>U.S. retail stays calm throughout the rout<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Woo was debating the odds of fresh downside with veteran trader Peter Brandt, a commentator revered for calling Bitcoin price bottoms in recent years.<\/p>\n<p>Brandt argued that volume spikes that accompany price crashes have been absent in December versus previous episodes. As such, the &#8220;real&#8221; capitulation phase is yet to occur.<\/p>\n<p>Responding, Woo argued that speculative derivatives traders had featured in the cascade to $41,800 earlier this month, while retail investors continued to hold BTC. As such, volume data from Coinbase or other retail platforms does not serve as a suitable indicator for an imminent dip.<\/p>\n<p>&#8220;That\u2019s a Coinbase chart, sell pressure has been from deleveraging on futures markets, also more on Asian spot exchanges,&#8221; he wrote. <\/p>\n<blockquote><p>&#8220;Overall no signs yet of an on-chain sell off (HODLers holdling, speculative investors took profits). Effectively a consolidation under weak December liquidity.&#8221;<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Implications of volume<\/p>\n<p>Key bottoms in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> have occurred with high volume panic capitulation<\/p>\n<p>That has (yet???) to h<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>en <\/p>\n<p>Thoughts??? <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/dYmDNADxuP\">pic.twitter.com\/dYmDNADxuP<\/a><\/p>\n<p>\u2014 Peter Brandt (@PeterLBrandt) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PeterLBrandt\/status\/1472754427823939593?ref_src=twsrc%5Etfw\">December 20, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Brandt appeared to acknowledge the nuance.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Open_interest_creeps_higher\"><\/span>Open interest creeps higher<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>As Cointelegraph reported, meanwhile, retail traders have been buying throughout the past several weeks, as evidenced by wallets with 1 BTC or less adding to their balances.<\/p>\n<p><strong><em>Related: Bitcoin wobbles below $46K as 1 BTC passes 800K Turkish lira for the first time<\/em><\/strong><\/p>\n<p>With whales biding their time, derivatives appear to be regaining confidence, with Bitcoin futures open interest steadily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/BitcoinOpenInterest\">rising<\/a> since the dip.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-12\/b8a82081-e291-4533-a7de-53abfc4cd3b0.png\"><figcaption style=\"text-align: center;\"><em>Bitcoin futures open interest chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p>The Grayscale Bitcoin Trust, meanwhile, is trading at its biggest-ever discount to net asset value in history this week.<\/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\/don-t-expect-retail-sell-off-to-crash-bitcoin-price-analyst\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Don&#8217;t expect retail sell-off to crash Bitcoin price \u2014 analyst &#8221; Those expecting another Bitcoin (BTC) speculative price dip are looking in the wrong place, one of the industry&#8217;s best-known analysts suggests. In a Twitter discussion on Dec. 20, Willy Woo, creator of on-chain data resource Woobull, said that popular retail exchanges will not&#8230;<\/p>\n","protected":false},"author":1,"featured_media":383661,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTIvNGRkZjJiOTMtN2E1Ny00ZDgzLTkyMjItNzFkMzVhNDVjYzc1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-383660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/383660","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=383660"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/383660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/383661"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=383660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=383660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=383660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}