{"id":439380,"date":"2022-04-29T17:14:43","date_gmt":"2022-04-29T14:14:43","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-disappoints-on-bull-run-as-amzn-stock-sees-biggest-1-day-drop-since-2014\/"},"modified":"2022-04-29T17:14:43","modified_gmt":"2022-04-29T14:14:43","slug":"bitcoin-disappoints-on-bull-run-as-amzn-stock-sees-biggest-1-day-drop-since-2014","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-disappoints-on-bull-run-as-amzn-stock-sees-biggest-1-day-drop-since-2014\/","title":{"rendered":"# Bitcoin disappoints on bull run as AMZN stock sees biggest 1-day drop since 2014"},"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-6a4e08f0284cc\" 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-6a4e08f0284cc\" 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-disappoints-on-bull-run-as-amzn-stock-sees-biggest-1-day-drop-since-2014\/#%E2%80%9D_Bitcoin_disappoints_on_bull_run_as_AMZN_stock_sees_biggest_1-day_drop_since_2014_%E2%80%9C\" >&#8221; Bitcoin disappoints on bull run as AMZN stock sees biggest 1-day drop since 2014 &#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-disappoints-on-bull-run-as-amzn-stock-sees-biggest-1-day-drop-since-2014\/#All_change_at_the_Fed\" >All change at the Fed<\/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-disappoints-on-bull-run-as-amzn-stock-sees-biggest-1-day-drop-since-2014\/#Whales_flip_to_bear_market_bottom_buying\" >Whales flip to bear market bottom buying<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_disappoints_on_bull_run_as_AMZN_stock_sees_biggest_1-day_drop_since_2014_%E2%80%9C\"><\/span>&#8221; Bitcoin disappoints on bull run as AMZN stock sees biggest 1-day drop since 2014 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) fell into the Wall Street open on April 29 as United States markets opened to volatility, including an 11% drop in Amazon stock.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/9e1fd5ae-6747-4564-aadf-4ccdb15e196c.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=\"All_change_at_the_Fed\"><\/span>All change at the Fed<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>\u00a0confirmed BTC\/USD dipping to $38,622 on Bitstamp Friday.<\/p>\n<p>Despite a let-up in the U.S. dollar\u2019s relentless bull run, Bitcoin showed little signs of strength as it remained firmly under $40,000.<\/p>\n<p>Macro factors remained against the largest cryptocurrency along with risk assets more broadly, commentators noted, as the Federal Reserve reduced its balance sheet.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The start of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Fed?src=hash&amp;ref_src=twsrc%5Etfw\">#Fed<\/a> deleveraging? Fed balance sheet has shrunk for the 2nd consecutive week. Total assets now at $8,939bn, equal to 36.6% of US&#8217; GDP vs ECB&#8217;s 82% or BoJ&#8217;s 137%. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/0GRR5VgGIe\">pic.twitter.com\/0GRR5VgGIe<\/a><\/p>\n<p>\u2014 Holger Zschaepitz (@Schuldensuehner) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Schuldensuehner\/status\/1520001225030352896?ref_src=twsrc%5Etfw\">April 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>For Amazon, meanwhile, the pain was im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely obvious as missed earnings targets resulted in AMZN\u2019s biggest intraday loss in eight years.<\/p>\n<p>The S&amp;P 500 traded down 1% at the time of writing, while the Nasdaq 100 was down 0.9%.<\/p>\n<p>Focusing on Bitcoin, popular trader and analyst Rekt Capital argued that the relative strength index (RSI) may need to form a higher low and rebound in order to provide the market with the fuel for a breakout on short timeframes.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC<\/a> ultimately rejects at this resistance<\/p>\n<p>Now pulling back<\/p>\n<p>Could <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> find a base and then rebound once the RSI Higher Low has been revisited?<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/nneXL2BrKe\">https:\/\/t.co\/nneXL2BrKe<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/AKMzmmdGds\">pic.twitter.com\/AKMzmmdGds<\/a><\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/rektcapital\/status\/1519967964291899392?ref_src=twsrc%5Etfw\">April 29, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Whales_flip_to_bear_market_bottom_buying\"><\/span>Whales flip to bear market bottom buying<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>In its latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/whalemap.io\/charts\/large-wallet-inflows\">chart update<\/a> on whale behavior, meanwhile, data from on-chain analysis platform Whalemap showed that buying behavior is echoing the bear market bottom of late 2018.<\/p>\n<p><strong><em>Related:\u00a0Bitcoin set for volatile monthly close after BTC price \u2018checks all boxes\u2019 for major move<\/em><\/strong><\/p>\n<p>According to its data, whales with balances of between 1,000 and 10,000 BTC are busy accumulating BTC to the extent that they were when BTC\/USD hit $3,100 in December that year. The volumes even outdo those from the $3,600 crash in March 2020.<\/p>\n<p>\u201cWhales are accumulating as much Bitcoin today as they were at the $3K lows,\u201d analyst and indicator creator Charles Edwards <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/caprioleio\/status\/1519988075321040896\/photo\/1\">commented<\/a>. <\/p>\n<blockquote><p>\u201cThese are holders with <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>rox. $40M &#8211; $400M in their wallets today. In 2018, that was $4M &#8211; 40M (but there were no \u2018institutions\u2019 then either).\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/0f092c8f-f165-4b01-8429-d2edd795e653.png\" alt=\"\" title=\"\"><figcaption style=\"text-align: center;\"><em>Bitcoin 1,000\u201310,000 BTC wallet inflows chart. Source: Whalemap<\/em><\/figcaption><\/figure>\n<p>This week, Whalemap also noted that current spot price levels represent historically significant ground for buyers and sellers alike.<\/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><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView All change at the Fed Data from&#8230;<\/p>\n","protected":false},"author":1,"featured_media":439381,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvZjdjOGZlMjYtNjcwMS00NDVmLTk1ODUtNmQxNmJmN2IxZGY4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,2758,73785],"class_list":["post-439380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-amazon","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439380","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=439380"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439380\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/439381"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=439380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=439380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=439380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}