Sirwin
Sirwin

I think BTC is currently bearish for a long time

By Sleo821 | Sleo_777 | 21 Apr 2020


Why is Bitcoin long-term bearish? Take a look at the following events to understand why everyone is currently bearish on Bitcoin

 

 

 

  • the first

    1000 BTC transferred from Coinbase exchange, valued at USD 6.833 million
    WhaleAlert data shows that at 21:05 on April 21st, Beijing time, 1000 BTC will be transferred from the Coinbase exchange to the beginning address of 16FSBG,
    calculated at the current price
    The value is about $ 6.833 million, and the transaction hash is: bb9918000440356091158b9262fab04575662a2d2a497c2131370efbcdca5497

 

  • second

    Oil may fall below zero
    On April 21st, gold supporter Peter Schiff said that although crude oil plummeted, oil may fall below zero, but Bitcoin could not. All that BTC may fall is 100%
    Crude oil plunge led to the decline of US stocks, and the decline of US stocks led to the fall of BTC. The last crude oil plunge 27% to US $ 28 on March 9,
    which also led to the continuous decline of US stocks and BTC. The overall external economic environment is still not optimistic.

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  • third

    2376 BTC have been cancelled and replaced, please pay close attention to the transaction
    AICoin PRO version K main line major order tracking reminder shows: the number of hangs in OKEx BTC spot reported this afternoon is 2376 BTC, and the large commission selling order with a commission price of $ 6900 has been cancelled
    At 2389 BTC, it hangs again at another price.

 

  • fourth

    Lendf.Me will transfer the recovered assets to a new address for future asset return
    The Lendf.Me team said on Twitter that the stolen assets recovered will be transferred from Lendf.Me Admin to a new address for future asset return.
    Earlier news, after stealing about $ 25 million worth of encrypted assets on the Lendf.Me platform, hackers have returned assets today.

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  • fifth
    Mao World Bank: If BTC is halved and stays at 6000-7000 USD, there will be more mining machine opportunities
    In an interview on April 21st, F2Pool co-founder Mao Shixing said in an interview: "If the bitcoin price stays in the current $ 6,000 to $ 7,000 range, more miners will inevitably shut down after halving.
    The collapse on March 12 has already caused some mining machines to fail, but we can still try to improve their efficiency while reducing costs ... In this year's market, we must do to optimize the cost of electricity, because the lower the electricity fee,
    The less impact the miners receive. In China, big miners actually have bargaining power, and because power companies do n’t want to lose their business, they are in a better position. But the field of mining is not the same as before.
    "The World Bank of Mao said:" After years of development, a more professional division of labor has been formed in the field of mining, including professional custody teams and mine builders, providing custody services and electricity bills to small miners.
    fifth
    Mao World Bank: If BTC is halved and stays at 6000-7000 USD, there will be more mining machine opportunities
    In an interview on April 21st, F2Pool co-founder Mao Shixing said in an interview: "If the bitcoin price stays in the current $ 6,000 to $ 7,000 range, more miners will inevitably shut down after halving.
    The collapse on March 12 has already caused some mining machines to fail, but we can still try to improve their efficiency while reducing costs ... In this year's market, we must do to optimize the cost of electricity, because the lower the electricity fee,
    The less impact the miners receive. In China, big miners actually have bargaining power, and because power companies do n’t want to lose their business, they are in a better position. But the field of mining is not the same as before.
    "The World Bank of Mao said:" After years of development, a more professional division of labor has been formed in the field of mining, including professional custody teams and mine builders, providing custody services and electricity bills to small miners.

     

 

  • sixth

    Bitcoin Giant Whale Joe007: Unless BTC trading volume rises sharply, he will continue to short
    Joe007, a well-known bitcoin whale, said that he is shorting Bitcoin, and unless the bulls can make a large-scale rebound, he will continue to short. The trader emphasized the importance of high trading volume to reverse his bearish view.
    Joe is optimistic about Bitcoin ’s long-term prospects. He said that when other traders surrendered to Bitcoin ’s future and were near panic, he knew it was time to buy

 

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  • seventh

    1768 BTC transferred from Okex exchange, valued at USD 12.117 million
    The transaction hash is: b5986551ebc9832e95d1fa8b4257cca80bf4ff90eaff285d1a9690bb58bc322a

 

  • eighth

    A research report warns that the Lightning Network will expose financial information for Bitcoin payments
    A latest study warns cryptocurrency users that the Bitcoin Lightning Network will expose Bitcoin payment financial information.
    The report points out that there is a large gap between the potential privacy attributes of Lightning Network and the actual privacy attributes. It is reported that the study was conducted by University College London
    Cryptography researcher Ania Piotrowska) in collaboration with the University of Illinois at Urbana-Champaign

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  • ninth

    U.S. new coronavirus infections exceed 780,000
    The real-time surveillance system of Johns Hopkins University in the United States showed that there were 782159 cases of new coronavirus infections in the United States, including 41816 deaths.

 

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  • tenth

    Oil prices fall or damage bitcoin miners who use torch gas to mine

    CoinDesk issued a document saying that for environmental reasons, oil extraction companies need to reduce gas emissions. Therefore, in order to prevent the emission of excess gas at the site, namely torch gas, some bitcoin mining companies
    (For example, UpstreamData in Canada, Crusoe Energy in Colorado and DJ Bitwreck in Texas) captured excess gas to fuel hundreds of Bitcoin mining computers.
    However, if the oil market collapses and these power sources are turned off, Bitcoin miners cannot capture their exhaust. When the price of Bitcoin drops sharply, Bitcoin mining will soon become unprofitable,
    Caused some mining closures. If bitcoin prices remain low, then only large mines can withstand months of continued unprofitability.

     

 

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Sleo821
Sleo821

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