{"id":26582,"date":"2023-12-13T18:50:44","date_gmt":"2023-12-13T18:50:44","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/price-analysis-12-13-btc-eth-bnb-xrp-sol-ada-doge-avax-dot-matic\/"},"modified":"2023-12-13T18:50:46","modified_gmt":"2023-12-13T18:50:46","slug":"price-analysis-12-13-btc-eth-bnb-xrp-sol-ada-doge-avax-dot-matic","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/price-analysis-12-13-btc-eth-bnb-xrp-sol-ada-doge-avax-dot-matic\/","title":{"rendered":"Price analysis 12\/13: BTC, ETH, BNB, XRP, SOL, ADA, DOGE, AVAX, DOT, MATIC"},"content":{"rendered":"
Bitcoin (BTC) has failed to rebound sharply following the fall on Dec. 11, suggesting selling pressure on relief rallies. Glassnode data shows that short-term holders (STHs), entities holding Bitcoin for 155 days or less, sent $1.93 billion worth of Bitcoin to exchanges on Dec. 11 and $2.08 billion on Dec. 12. The last time single-day selling crossed the $2 billion mark was way back in June 2022. This shows that speculators are in a hurry to dump their holdings.<\/p>\n
However, lower levels are attracting buyers. Trading resource Material Indicators suggested that \u201cinstitutional sized\u201d bids could be seen but added that it was unclear if it was accumulation or a short-term trading opportunity with dips being purchased and rallies being sold.<\/p>\n