Bitcoin has fallen to 41,000! BTC hit its lowest level since September last year, and the third big whale will buy 867 BTC.

Bitcoin (BTC) fell more than 8% yesterday, below $ 43,000, then fell more than 4% to $ 41,000 today, the lowest level since September 30 of last year , according to data from Tradingview. At the time of this writing, it was reported at $ 41,494, down 3.5% in the past 24 hours. ETHereum (ETH) also fell below 3,200 yuan in the afternoon of the same day, crossing that price for the first time since October last year, and now hovering at $ 3,190, down by 6.31% 24 hours ago.

According to data from CoinGlass, the total amount of cryptocurrency leaked across the network in the past 24 hours due to the Bitcoin crash has reached $ 482 million. Ether (ETH) had the largest liquidation size at $ 171 million, Bitcoin's liquidation size second at $ 154 million, and Solana (SOL) third at $ 167 million.

Data from Alternative.me shows the Crypto Fear & Greed Index, which measures market volatility, continued volatility, and market demand with horror. It is now 18 and 15 yesterday, hitting new lows since July 21. I did. year.

The low levels of this indicator point to the market slowdown. ArcaneResearch pointed out in a recent report that the Cryptocurrency Market Risk and Discrimination Index has shown no optimism for over a month of negative long-term market outlook.

The Fed's transition to the Eagles is key to the slowdown.

“Bloomberg” believes the Wall Street research firm Fundstrat believes the Fed's plan to shrink its major balance sheet in the first quarter of 2022 was a big sell off for Bitcoin, sadly last September. Ahead of the low of $ 39,573 Bitcoin does not appear to be looking for near term support and if that level breaks it will fall further in the summer of May and July.

According to previous data, the Fed issued warnings about 5 policy meetings 14 to 15 months ago. You may want to raise interest rates sooner than necessary and start shrinking your balance sheet size as the market trades second.

Crypto ETF expert Laurent Kssis, managing director of CEC Capital, told Coindesk that nearly $ 200 million in long-term positions have been cut in the past few hours, reducing the cost of space and the ratio, Bit told Coindesk. Profits could fall below $ 40,000, and if the Fed's hawkish stance on US Treasury yields continues to rise, Bitcoin could fall further.

According to data from blockchain data analytics firm CryptoQuant, Bitcoin now believes the leverage ratio of all exchanges remains at the highest level, and higher than expected, more investors are willing to take the higher risk. in the derivatives market you are reporting. To do

Brent Donnelly, president of Spectra Markets, said the macro space for cryptocurrencies has grown exponentially in recent months.

As Brent Donnelly put it: “A market like Austerity Measures (QT) is the worst kind of asset risk under strict Fed policy. Pavlovian buys everything.

But not everyone is pessimistic. Arca Chief Information Officer Jeff Dorman believes there are fears that the equity sector and digital devices will enter the market in the long term, which is overblown as the sector remains afloat.

In fact, during the last tight financial period from December 2015 to December 2018, Bitcoin is still almost competitive. Over the two years ended December 2017, Bitcoin has grown by around $ 350. - Long term bear market.

Mike McGlone, product analyst at Bloomberg Intelligence, also predicted in a 6th report that cryptocurrencies would benefit from a tight cycle. Stock Exchange.

Bitcoin's 3rd biggest whale attack again

However, the third largest Bitcoin wallet Whale continued to collect coins this month, according to data from BitInfoCharts, while Bitcoin's performance stagnated. 760 and 107 Bitcoins were purchased at prices between $ 42,878 and $ 42,561. A total of 867 Bitcoins were purchased today.

Currently, Giant Whale has a total of 122,263.57 Bitcoins, with a total value of $ 5.08 billion and a net worth of $ 2.38 billion. It should be noted that the giant whale has continued to buy since Bitcoin went from its high of $ 69,000 in November last year to almost 15,000 bitcoins during the period.