{"id":432984,"date":"2022-04-17T12:21:32","date_gmt":"2022-04-17T09:21:32","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders\/"},"modified":"2022-04-17T12:21:32","modified_gmt":"2022-04-17T09:21:32","slug":"bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders\/","title":{"rendered":"# Bitcoin holds $40K over Easter but thin liquidity, &#8216;capitulation&#8217; risk haunt traders"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 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-6a28149373a69\" 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-6a28149373a69\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders\/#%E2%80%9D_Bitcoin_holds_40K_over_Easter_but_thin_liquidity_%E2%80%98capitulation_risk_haunt_traders_%E2%80%9C\" >&#8221; Bitcoin holds $40K over Easter but thin liquidity, &#8216;capitulation&#8217; risk haunt traders &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders\/#Derivatives_traders_take_no_risks\" >Derivatives traders take no risks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders\/#100_days_until_%E2%80%9Ccapitulation%E2%80%9D\" >100 days until &#8220;capitulation&#8221;?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_holds_40K_over_Easter_but_thin_liquidity_%E2%80%98capitulation_risk_haunt_traders_%E2%80%9C\"><\/span>&#8221; Bitcoin holds $40K over Easter but thin liquidity, &#8216;capitulation&#8217; risk haunt traders &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) chose compression over the Easter weekend, sparing nervous traders a fresh dive below $40,000.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/31b399b6-075b-40e1-bce5-23e010e508b3.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Derivatives_traders_take_no_risks\"><\/span>Derivatives traders take no risks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSD\/?exchange=BINANCE\">TradingView<\/a>\u00a0showed BTC\/USD acting in a narrowing range with $40,700 as its ceiling Saturday and Sunday.<\/p>\n<p>The pair saw little action as the holiday period began, with United States equities markets off from Good Friday onwards, allowing crypto to avoid correlation-based volatility.<\/p>\n<p>With Monday likewise a non-trading day, Bitcoin was set for four days of &#8220;out-of-hours&#8221; trading. While that meant its stocks correlation mattered less, there were other forces at play ready to spook sentiment.<\/p>\n<p>Market liquidity stayed lower than on workdays, and while standard, some feared that any sudden moves could be exacerbated as a result of thinner order books.<\/p>\n<p>Analyzing derivatives moves over the weekend, Deribit Insights, the research arm of trading platform Deribit, flagged liquidity as one consideration influencing real-time investor decisions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">5) So while this could be a bearish bet, it is also likely protective of AUM.<br \/>But why now?<br \/>Perhaps they are concerned about Spot\/deriv market manipulation over an illiquid weekend.<br \/>Perhaps just concerned over the next week against falls pic.<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">twitter<\/a>.com\/spNXiurWqr<\/p>\n<p>\u2014 Deribit Insights (@DeribitInsights) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DeribitInsights\/status\/1515293625793622020?ref_src=twsrc%5Etfw\">April 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>A slight zoom-out from popular trader and commentator Pentoshi meanwhile delivered a more wary perspective.<\/p>\n<p>For him, only a reclaim of levels significantly beyond the current narrow trading range on low timeframes would suffice for a more bullish feeling on what could come next for BTC\/USD.<\/p>\n<p>&#8220;44.5k most important spot for bullish momentum currently. 42k 1D Resistance,&#8221; he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1515252646046801921\">summarized<\/a> to Twitter followers on Saturday alongside an explanatory chart. <\/p>\n<blockquote><p>&#8220;Below bias is for re-distribution and another leg down. Think buyers need to step in pretty quickly.&#8221;<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Pentosh1\/status\/1515252646046801921\/photo\/1\"><\/a><\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/f3ea99c4-4f72-4e5f-928a-79c5b56ace85.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD annotated chart. Source: Pentoshi\/ Twitter<\/em><\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"100_days_until_%E2%80%9Ccapitulation%E2%80%9D\"><\/span>100 days until &#8220;capitulation&#8221;?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Pentoshi was meanwhile not the only voice predicting long-term gain but short-term pain for Bitcoin \u2014 a narrative, which had gathered momentum throughout 2022.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin clings to $40K support as focus returns to BTC price &#8216;supercycle&#8217;<\/em><\/strong><\/p>\n<p>Analyzing market movements, Kevin Svenson, well known on social media for his bullish sentiment on BTC, warned that current chart behavior was mimicking the period just before Bitcoin&#8217;s bear market crash in late 2018.<\/p>\n<p>While that event followed a long period of lower lows throughout the year, Bitcoin has been making higher lows in 2022, he noted, but it would not take much for the tables to turn and &#8220;capitulation&#8221; to enter.<\/p>\n<p>&#8220;The difference between those higher lows and a breakdown is significant right now, so just being blindly on one side and not considering anything else is a little bit foolish in my opinion,&#8221; he said.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Discussing why <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> market psychology is mirroring $6K pre-capitulation. <\/p>\n<p>Long Term &#8211; Bullish. <br \/>Medium Term &#8211; I see downside risk. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/reAn6qHg0p\">pic.twitter.com\/reAn6qHg0p<\/a><\/p>\n<p>\u2014 Kevin Svenson (@KevinSvenson_) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/KevinSvenson_\/status\/1515358355484815367?ref_src=twsrc%5Etfw\">April 16, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Svenson added that Bitcoin was &#8220;getting there&#8221; in terms of following a historical pattern of putting in a macro low around 800 days after each block subsidy halving. The last halving \u2014 on May 11, 2020 \u2014 was 706 days ago.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template>\n<\/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\/bitcoin-holds-40k-over-easter-but-thin-liquidity-capitulation-risk-haunt-traders\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin holds $40K over Easter but thin liquidity, &#8216;capitulation&#8217; risk haunt traders &#8220; Bitcoin (BTC) chose compression over the Easter weekend, sparing nervous traders a fresh dive below $40,000. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Derivatives traders take no risks Data from Cointelegraph Markets Pro and TradingView\u00a0showed BTC\/USD acting in a narrowing range&#8230;<\/p>\n","protected":false},"author":1,"featured_media":432985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvYWVjNDY0NmYtZmMyYy00ODE4LWI0NzctZWUzMzk1OTRjN2RmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-432984","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\/432984","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=432984"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/432984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/432985"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=432984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=432984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=432984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}