{"id":446913,"date":"2022-05-14T13:30:50","date_gmt":"2022-05-14T10:30:50","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-stays-under-30k-as-luna-gains-600-during-insane-volatility\/"},"modified":"2022-05-14T13:30:50","modified_gmt":"2022-05-14T10:30:50","slug":"bitcoin-stays-under-30k-as-luna-gains-600-during-insane-volatility","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-stays-under-30k-as-luna-gains-600-during-insane-volatility\/","title":{"rendered":"# Bitcoin stays under $30K as LUNA gains 600% during \u2018insane volatility\u2019"},"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-6a3cc609c3004\" 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-6a3cc609c3004\" 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-stays-under-30k-as-luna-gains-600-during-insane-volatility\/#%E2%80%9D_Bitcoin_stays_under_30K_as_LUNA_gains_600_during_%E2%80%98insane_volatility_%E2%80%9C\" >&#8221; Bitcoin stays under $30K as LUNA gains 600% during \u2018insane volatility\u2019 &#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-stays-under-30k-as-luna-gains-600-during-insane-volatility\/#Bitfinex_longs_gather_strength\" >Bitfinex longs gather strength<\/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-stays-under-30k-as-luna-gains-600-during-insane-volatility\/#Terra_plans_spark_frenetic_LUNA_moves\" >Terra plans spark frenetic LUNA moves<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_stays_under_30K_as_LUNA_gains_600_during_%E2%80%98insane_volatility_%E2%80%9C\"><\/span>&#8221; Bitcoin stays under $30K as LUNA gains 600% during \u2018insane volatility\u2019 &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/41d2e1fe-ff51-424d-bca9-361ab818b97d.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=\"Bitfinex_longs_gather_strength\"><\/span>Bitfinex longs gather strength<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> followed BTC\/USD as it lingered below the $30,000 mark, now rapidly becoming resistance.<\/p>\n<p>The pair had reached just shy of $31,000 before retracing, while the end of the traditional market trading week had been accompanied by fresh warnings of a new macro low still to come.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> &#8211; Looks like we might get the inverse H &amp; S before going into the weekend. Hoping to see this 4h candle hold and see it push up. Then I&#8217;ll move stops in profit and let it ride during the weekend. 2% risk, 2% stop loss. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/lxRuk3M43G\">pic.twitter.com\/lxRuk3M43G<\/a><\/p>\n<p>\u2014 IncomeSharks (@IncomeSharks) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/IncomeSharks\/status\/1525291341118377985?ref_src=twsrc%5Etfw\">May 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Not everyone stayed on the sidelines as the dust settled. On major exchange Bitfinex, long leverage continued expanding, having already hit all-time highs.<\/p>\n<p>&#8220;Another day has passed and the Bitfinexors are still loading up as if someone has a gun to their head,&#8221; commentator Johal\u00a0Miles\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/JohalMiles\/status\/1525212637545517058\">reacted<\/a> alongside a chart showing the trend.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Terra_plans_spark_frenetic_LUNA_moves\"><\/span>Terra plans spark frenetic LUNA moves<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Attention nonetheless focused more on Blockchain protocol Terra\u2019s LUNA token on the day.<\/p>\n<p><strong><em>Related:\u00a0BitKwonnect? \u2018Luna Brothers\u2019 moment sees Terra inflate token supply 3,500% overnight<\/em><\/strong><\/p>\n<p>After losing practically all of its value in a week, LUNA saw a rebound which was tiny compared to its all-time highs above $100 but hugely lucrative for short-term traders.<\/p>\n<p>Despite its supply ballooning to 6.9 trillion tokens, LUNA subsequently <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>reciated 100 times from its floor price on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a> that creator Terra had plans to \u201crevive\u201d its ecosystem.<\/p>\n<p>Faced with the price action, many were in disbelief.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">(only need a few more 100x&#8217;s to get back to $1)<\/p>\n<p>\u2014 Luke Martin (@VentureCoinist) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/VentureCoinist\/status\/1525327331551760386?ref_src=twsrc%5Etfw\">May 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>\u201cThe volatility on $LUNA is absolutely insane,\u201d Cointelegraph contributor Micha\u00ebl van de Poppe <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1525409902214225920\">commented<\/a>, adding that it was a \u201cgreat weekend to scalp trade a little.\u201d<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/8ffe6af4-94e0-4668-95d8-62e619cd914b.png\"><figcaption style=\"text-align: center;\"><em>LUNA\/USD 5-minute candle chart (Bitfinex). Source: TradingView<\/em><\/figcaption><\/figure>\n<p>With trading already halted on major exchange Binance, LUNA\/USD nonetheless remained a highly risky portfolio addition, with prices varying wildly minute to minute and between trading venues. <\/p>\n<p>Those buying in on the majority of occasions through the week conversely faced near total losses on their positions.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I really don\u2019t think Luna is a buy and hold right now, it\u2019s a risky in and out play. I have no clue what\u2019s going to happen with it.<\/p>\n<p>Be careful if you are trying to trade it!<\/p>\n<p>\u2014 Altcoin Gordon (@AltcoinGordon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AltcoinGordon\/status\/1525409084148785153?ref_src=twsrc%5Etfw\">May 14, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, LUNA\/USD traded at $0.027 on Bitfinex, having risen to $0.034 earlier in the day \u2014 593% above the week&#8217;s all-time lows of $0.0049.<\/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 News 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-stays-under-30k-as-luna-gains-600-during-insane-volatility\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin stays under $30K as LUNA gains 600% during \u2018insane volatility\u2019 &#8220; Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex longs gather strength Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it lingered below&#8230;<\/p>\n","protected":false},"author":1,"featured_media":446914,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvM2E1YzQ1OWQtZGRiNS00MTZlLWI0YmUtYWQ2ZDhiNmY4OWNkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74862,74937,122378,73785],"class_list":["post-446913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-bitcoin","tag-bitcoin-price","tag-terra","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/446913","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=446913"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/446913\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/446914"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=446913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=446913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=446913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}