{"id":514140,"date":"2022-11-22T18:04:39","date_gmt":"2022-11-22T15:04:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-price-returns-to-16k-amid-warning-over-btc-whale-selling\/"},"modified":"2022-11-22T18:04:39","modified_gmt":"2022-11-22T15:04:39","slug":"bitcoin-price-returns-to-16k-amid-warning-over-btc-whale-selling","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-price-returns-to-16k-amid-warning-over-btc-whale-selling\/","title":{"rendered":"# Bitcoin price returns to $16K amid warning over BTC whale selling"},"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-6a3dcc4308e2f\" 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-6a3dcc4308e2f\" 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-price-returns-to-16k-amid-warning-over-btc-whale-selling\/#%E2%80%9D_Bitcoin_price_returns_to_16K_amid_warning_over_BTC_whale_selling_%E2%80%9C\" >&#8221; Bitcoin price returns to $16K amid warning over BTC whale selling &#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-price-returns-to-16k-amid-warning-over-btc-whale-selling\/#Thanksgiving_buywall_appears_at_12000\" >Thanksgiving buywall appears at $12,000<\/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-price-returns-to-16k-amid-warning-over-btc-whale-selling\/#BTC_hodlers_feel_the_pressure\" >BTC hodlers feel the pressure<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_price_returns_to_16K_amid_warning_over_BTC_whale_selling_%E2%80%9C\"><\/span>&#8221; Bitcoin price returns to $16K amid warning over BTC whale selling &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-5129e2ea>Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/5a08a1d1-0e83-42e3-b48e-b9f6f67a0154.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=\"Thanksgiving_buywall_appears_at_12000\"><\/span>Thanksgiving buywall appears at $12,000<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 recrossed the $16,000 mark, having set lows of $15,480 on Bitstamp.<\/p>\n<p>Momentum took the pair to $16,189 before consolidating, marking gains of 3.7% versus the day\u2019s lows.<\/p>\n<p>Talk among analysts remained tied to the Digital Currency Group (DCG) family, including Grayscale, currently at the center of rumors over fallout from defunct exchange FTX.<\/p>\n<p>For monitoring resource Material Indicators, a \u201cguard rail\u201d bid at $12,000 could ultimately be what protected the market should a major capitulation occur over the Thanksgiving holiday period.<\/p>\n<p>\u201cOver $300M in BTC bid liquidity between here and $12k,\u201d it commented on a post by CryptoQuant <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MI_Algos\/status\/1594827186212577280\">contributor<\/a> Maartunn. <\/p>\n<blockquote><p>\u201cThis new $70M buy wall could be a guard rail for the holiday week, it could be related to speculation on a Grayscale announcement or something else. Regardless, we always keep an eye on new fat buy walls.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/2ec23f63-2001-4c50-9cf3-1b488e21d65e.png\"><figcaption style=\"text-align: center;\"><em>BTC\/USD order book data (Binance). Source: Maartunn\/ <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a><\/em><\/figcaption><\/figure>\n<p>Maartunn had uploaded a heatmap of the Binance order book, showing various active buy and sell levels.<\/p>\n<p>As Cointelegraph reported, meanwhile, downside targets for BTC\/USD mostly focused on $14,000 or under as the week began.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"BTC_hodlers_feel_the_pressure\"><\/span>BTC hodlers feel the pressure<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Other growing concerns centered on long-term holders (LTHs) of Bitcoin.<\/p>\n<p><strong><em>Related:\u00a0Cathie Wood\u2019s ARK Invest adds more Bitcoin exposure as GBTC, Coinbase stock hit new lows<\/em><\/strong><\/p>\n<p>In its latest weekly <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>letter, \u201c<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-47-2022\">The Week On-Chain<\/a>,\u201d analytics firm Glassnode warned that \u201cnon-trivial spending\u201d from old hands was on the increase.<\/p>\n<p>\u201cTheir supply has declined by 84,560 BTC post-FTX, which remains one of the most significant declines in the last year,\u201d it noted, adding that the decline was \u201cstill underway.\u201d<\/p>\n<p>Likewise, the largest BTC investors, whales, were also net distributing coins to the market, this coming despite previous data showing that certain entities had already begun buying the dip.<\/p>\n<p>\u201cThe Whale cohort are in a mode of net distribution at present, sending between 5k and 7k in excess BTC into exchanges,\u201d Glassnode added. <\/p>\n<blockquote><p>\u201cMeanwhile, the flight of coins off exchanges by almost all cohorts is at an all-time high. The whirlwind impact of the FTX collapse continues to play out, and it remains to be seen just how extensive the shake-up to investor confidence has been.\u201d<\/p><\/blockquote>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-11\/85c55461-a479-410c-9408-fe9982c21ad9.png\"><figcaption style=\"text-align: center;\"><em>BTC supply held by LTHs annotated chart (screenshot). Source: Glassnode<\/em><\/figcaption><\/figure>\n<p class=\"post-content__disclaimer\">The views, thoughts and opinions expressed here are the authors\u2019 alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\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-price-returns-to-16k-amid-warning-over-btc-whale-selling\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin price returns to $16K amid warning over BTC whale selling &#8220; Bitcoin (BTC) headed higher into the Nov. 22 Wall Street open after setting another two-year low. BTC\/USD 1-hour candle chart (Bitstamp). Source: TradingView Thanksgiving buywall appears at $12,000 Data from Cointelegraph Markets Pro and TradingView followed BTC\/USD as it recrossed the $16,000&#8230;<\/p>\n","protected":false},"author":1,"featured_media":514141,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTEvYTNiNGRkODUtNzgyMy00NmQ3LWI1NGItYTk4YzZmYzkyNzkyLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,73785],"class_list":["post-514140","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\/514140","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=514140"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/514140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/514141"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=514140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=514140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=514140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}