Dollars

Bitcoin

Billion

<p>Bitcoin falters. Following a recent euphoria, it has just fallen below $69,000, spreading panic among investors. This plunge has an immediate effect on general sentiment: many are withdrawing, anticipating potential new upheavals. The approach of the American elections increases the tension, and signals from the whales, those market giants, appear to signal a very uncertain calm. But what is truly going on?</p>
<h2 id="h-traders-bitcoin-la-fuite-des-positions-et-l-attente-de-la-tempete">Bitcoin Traders: The Flight from Positions and the Wait for the Storm</h2>
<p>The <a href="https://www.cointribune.com/tag/bitcoin-btc/" target="_blank" rel="noopener noreferrer nofollow">latest Bitcoin news</a> show that traders are on high alert. With <strong>a drop of $2 billion in open interest</strong>, investors are massively closing their positions. Why? Uncertainty looms, exacerbated by the upcoming American elections.</p>
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<p>This <a href="https://u.today/bitcoin-btc-lost-2-billion-heres-how" target="_blank" rel="noopener noreferrer nofollow">drop in open interest</a> is generally <strong>synonymous with caution</strong> and, in this specific case, <strong>maximum caution</strong>. We are witnessing a withdrawal game where everyone is waiting for the next market move.</p>
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<p>Key figures:</p>
<ul>
 <li><strong>$2 billion evaporated in open interest on Bitcoin;</strong></li>
 <li><strong>More than 72,000 BTC generated in profits by whales at the end of October;</strong></li>
 <li><strong>A notable decline in large transactions since October 29.</strong></li>
</ul>
<p>In this context, <strong>traders are no longer rushing to take risks</strong>. The excitement of last month has given way to a <strong>strategy of observation</strong>, where everyone is watching for the end of the elections to anticipate a rebound… or an even sharper drop in the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a>.</p> 
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<p>“<em>Better safe than sorry</em>” seems to be the mantra of traders who, for the moment, are stepping back while awaiting the outcome of the electoral duel.</p>
<h2 id="h-les-whales-btc-en-retrait-elles-savent-elles-quelque-chose">BTC Whales Receding: Do They Know Something?</h2>
<p>The whales, those influential players in the crypto market, have also curbed <a href="https://www.cointribune.com/en/big-investors-are-back-is-bitcoin-on-the-verge-of-a-record/" target="_blank" rel="noopener noreferrer nofollow">their zeal</a>. Usually <strong>fond of large fund movements</strong>, they are opting for patience. Their strategy? <strong>Waiting for the market to stabilize</strong> to avoid provoking volatility that could work against their interests.</p>
<p>Indeed, a heavy silence has settled: no major transactions for now, no dramatic interventions.</p>
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<p>The whales are discreetly monitoring the movements of small investors, who seem more vulnerable to fluctuations related to political events. Their withdrawal could well indicate that <strong>the crypto market is on standby</strong>, before a sudden awakening once the election results are known.</p>
<p>As we know, <strong>whales have the power to turn the tide</strong> as soon as a sign of weakness appears. But for now, it is a time of waiting, and the precarious calm may very well be only the prelude to a storm.</p>
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<p>Thus, while <a href="https://www.cointribune.com/en/bitcoin-dips-below-65000-whats-next-for-investors/" target="_blank" rel="noopener noreferrer nofollow">the selling pressure remains strong</a>, some analysts fear a fall of Bitcoin below $65,000. But two major factors could reverse this trend: the FED’s policy and the American elections tomorrow, which could electrify the market.</p>

Bitcoin Plummets And Loses 2 Billion Dollars In A Day

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