{"id":442746,"date":"2022-05-06T10:37:04","date_gmt":"2022-05-06T07:37:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over\/"},"modified":"2022-05-06T10:37:04","modified_gmt":"2022-05-06T07:37:04","slug":"someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over\/","title":{"rendered":"# &#8216;Someone is blowing up&#8217; \u2014 Bitcoin sees 2022 volume record amid hopes capitulation is over"},"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-6a3eaea126970\" 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-6a3eaea126970\" 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\/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over\/#%E2%80%9D_%E2%80%98Someone_is_blowing_up_%E2%80%94_Bitcoin_sees_2022_volume_record_amid_hopes_capitulation_is_over_%E2%80%9C\" >&#8221; &#8216;Someone is blowing up&#8217; \u2014 Bitcoin sees 2022 volume record amid hopes capitulation is over &#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\/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over\/#Analyst_Stocks_saw_%E2%80%9Cforced_liquidation%E2%80%9D\" >Analyst: Stocks saw &#8220;forced liquidation&#8221;<\/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\/someone-is-blowing-up-bitcoin-sees-2022-volume-record-amid-hopes-capitulation-is-over\/#BTC_long_liquidations_near_January_highs\" >BTC long liquidations near January highs<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_%E2%80%98Someone_is_blowing_up_%E2%80%94_Bitcoin_sees_2022_volume_record_amid_hopes_capitulation_is_over_%E2%80%9C\"><\/span>&#8221; &#8216;Someone is blowing up&#8217; \u2014 Bitcoin sees 2022 volume record amid hopes capitulation is over &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) dipping below $36,000 \u201csmells like capitulation,\u201d one trader says as suspicion mounts over U.S. stock markets.<\/p>\n<p>In a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1522331669054775297\">tweet<\/a> on May 6, Cointelegraph contributor Micha\u00ebl van de Poppe suggested that the BTC price was at least giving \u201cserious signals.\u201d<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Analyst_Stocks_saw_%E2%80%9Cforced_liquidation%E2%80%9D\"><\/span>Analyst: Stocks saw &#8220;forced liquidation&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>After plunging to 10-week lows\u00a0in line with equities on the May 5 Wall Street trading session, Bitcoin bounced at levels last seen in February. <\/p>\n<p>The downturn in both crypto and stocks, which followed an initial bounce the day prior on the back of expected rate hikes by the Federal Reserve, <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>eared to be more than traders bargained for.<\/p>\n<p>The S&amp;P 500 finished the day down 3.5%, while the Nasdaq 100 ended down 5%. Outside stocks, U.S. 10-year Treasury futures shed 1%, a rare combination which gave some market participants pause for thought.<\/p>\n<p>Jason Goepfert, founder of Sundial Capital Research, noted that such a chain of events had only occurred twice in the past quarter century \u2014 during the 2008 Global Financial Crisis and the March 2020 COVID crash. <\/p>\n<p>\u201cSomeone is blowing up, and this is forced liquidation,\u201d he <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jasongoepfert\/status\/1522285687566909442\">told<\/a> <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> followers.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">There have been 2 days in the past 25 years when S&amp;P 500 futures were down 3% and 10-year Treasury futures down 1%:<\/p>\n<p> October 9, 2008<br \/> March 18, 2020<\/p>\n<p>Someone is blowing up, and this is forced liquidation.<\/p>\n<p>\u2014 Jason Goepfert (@jasongoepfert) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/jasongoepfert\/status\/1522285687566909442?ref_src=twsrc%5Etfw\">May 5, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>As such, the chain reaction roping in Bitcoin could have been the capitulation event that many had previously said was necessary as a result of changing U.S. economic conditions.<\/p>\n<p>\u201cThat smells like capitulation to me or at least some serious signals overall,\u201d Van de Poppe commented.<\/p>\n<p>He noted that the dip had also produced the highest-volume 4-hour candle since early December on BTC\/USD. Volume, as Cointelegraph reported, was a key aspect which needed to return in order to produce a more convincing capitulation event.<\/p>\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>\u00a0meanwhile showed relative calm returning to Bitcoin markets overnight.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/151bd8dd-b5da-459c-b508-0991c150701e.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=\"BTC_long_liquidations_near_January_highs\"><\/span>BTC long liquidations near January highs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Assessing the impact of the dip on hodlers, however, it appeared that a full market reset had not resulted from the day\u2019s losses.<\/p>\n<p><strong><em>Related:\u00a0$27K &#8216;max pain&#8217; Bitcoin price is ultimate buy-the-dip opportunity, says research<\/em><\/strong><\/p>\n<p>Liquidations remained fairly tame across cryptocurrencies, BTC accounting for $190 million over the 24 hours to the time of writing. This was the highest daily tally for several months, but did not surpass January&#8217;s cascade to $32,000. <\/p>\n<p>The remaining $200 million came from altcoin pairs, data from on-chain monitoring resource <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/LiquidationData\">Coinglass<\/a> showed.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/4e8faac3-db81-48b4-9695-8f85134cf0c4.png\"><figcaption style=\"text-align: center;\"><em>Crypto liquidations chart. Source: Coinglass<\/em><\/figcaption><\/figure>\n<p>&#8220;Regardless of what I ever say in the short-term, macro continues to be down,&#8221; popular trader Crypto Chase <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Crypto_Chase\/status\/1522297286600146949\">summarized<\/a> about the outlook. <\/p>\n<blockquote><p>&#8220;There will be bounces, pops, squeezes, short-term euphoria, you name it.. but I don&#8217;t think we see macro reversal before major capitulation OR Fed backtracking stance on rate hikes\/QT\/balance reduction.&#8221;<\/p><\/blockquote>\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. 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In a tweet on May 6, Cointelegraph contributor Micha\u00ebl van de Poppe suggested that the BTC price was at least&#8230;<\/p>\n","protected":false},"author":1,"featured_media":442747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvYzU3NTRkNDgtZDNlMi00NmM2LThhZmUtMDQ4NDIxMGEwZGViLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,70550,73785],"class_list":["post-442746","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-federal-reserve","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442746","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=442746"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/442746\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/442747"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=442746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=442746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=442746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}