What is just happened on the Bitcoin Market?

[Antotena]

Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are
Which one could be reason of such movement?

Immediately I saw that bitcoin crash, the first thing that came to my mind was "seems they rejected ETF". I went to Watcher Guru for update and I didn't see anything, I went to cointelehraph, I didn't see any credible news that report a credible news about the crash, even the speculated one they said miners deposits in the exchange wasn't comprehensive enough because I couldn't find the attached transaction evidence or any analytical report a pit the bitcoin movements from their wallet to exchange, there is more to what we don't know and I'm very sure it's about ETF, something is really faltering somewhere.

SEC knows that if they approved this ETF, it's a going to give them good run for investors money and it will look like a manipulative market which I think SEC will not allow shorter to be liquidated. What I think they are going to do is that they will watch the market for now and approve when they think it's right and for the miners, I don't think ttey will be selling their bags right now, they understand this game of markets way better than anyone including the institutional investors.

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[famososMuertos]

The answer is always there regardless of the effect of immediacy given recent times;  "The news of...", obviously the comments about the ETFs, bring flavor, but they are short-lived, where are we after a year, January 2023 the minimum price +$16k.

So, don't worry, just hold or buy is easy, and for more, look at the history.

[coolcoinz]

This is the reason for the dump.

No, that's not the reason. The reason is too many levered longs.

That Matrix report is a joke and some guys from Bloomberg have already addressed it saying that there's no negative info coming from the SEC. In fac the whole article was speculation with no proof. I've seen a tweet by ETF market analyst at Bloomberg who asked the author to show any proof that there's going to be a rejection because they've contacted the SEC today and got the answer that they're still reviewing everything and there's been no decision.

Another thing I'd like to add is that it was nothing when you compare it to the normal bull market corrections. In 2017 there was a number of 20% corrections on the way from 1k to 20k and this was close to 10%. It's like a tease when compared to what's coming because corrections are coming if we are to break 100k this year.

[nakamura12]

Just hold, halving will occur in some months.

There are lots of people who are already holding their bitcoin because as you have said that bitcoin halving is going to happen soon. I don't think it's going to be long term because it happened because of some reason like the spot etf. As the others and also you have said "just hold" and "just buy" would be a good choice to make in this current situation. Even in the future, there's always a price drop and price increase. Even the price increase where it suddenly reach it's new all time high price which for me is unexpected.

[Marvelman]

Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?

This is an obvious attempt at market manipulation for their benefit. Here is what the Matrixport scam posted yesterday:

* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000

[coolcoinz]

This is an obvious attempt at market manipulation for their benefit. Here is what the Matrixport scam posted yesterday:

* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000

Well, at least now if bitcoin ETF gets approved they'll be able to say "we've told you so" and if it doesn't they'll do the same.

Most likely they have multiple authors and don't verify what these authors write. First they published a report by 1 researcher who was positive and then another by someone who was negative. They should really pay attention to what is posted on their site because it makes the company look unprofessional when they can't even work out a general attitude towards a subject.

[Faisal2202]

Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

Which one could be reason of such movement?

It really was a fast change in the price movements, and the correction was also swift in BTC but alts are still bleeding, the scene was just awesome as all of my whitelisted tokens were changing numbers like a spinner  even if I was at a loss I tried to book in lose in the hope of taking entries in tokens that could give me more returns but was unable to do so as the market was so quick that it did not give me enough time to think and make some decision and then act upon it.

Maybe the market was not that fast but I might be late too. In my opinion, the main reason is just fud being created by this matrixport, because even if the ETFs got rejected BTC still has enough potential to make a new all-time high without any problem. But it will dishearten and dash the hopes of everyone. Many newbies have invested in cryptocurrency and wanted to make a profit in the bull run but they are not used to such fud and FOMOs.

So they might be afraid of the current situation and might be thinking that BTC will never make it to ATH, for them I have one suggestion that, trust BTC and its potential it is beyond the ETFs.

[beerlover]

People should realize this on which it cant be called a market if it would really be just having a single path or movement to take but there are really those people who are really expecting that it would really be just simply moving up and they would make money so easily. Well, only newbies or those new people would really be just having that kind of belief into their minds until that reality would be slapping out into their faces.
We do know that this market is really that unpredictable, i do agree into those points been said that manipulation is something that evident or pretty obvious. Market could dump out on -10% or even -20% in a flash
on which it is neither been caused by some FUD or really just totally having no reason at all.

This is why on the time that those flash dumps happen then tons of people would be shaken off and making those panic selling into their current positions which it do leads into that
buy high sell low thing and this is where it would be resulting into negative and when it comes worst then they have that blown out trading account or investment.
Be realistic and be wary on how this market behaves or moves so that you wont really be getting shocked on the time you do encounter it.

Unfortunately there are market movements at times when it's really not that great, and I understand that and it's sad but the reality that we are living in, nothing we can change about that. I understand the whole point is to make sure that we are doing our very best, but we just have to realize that market sometimes does stuff that you can't prevent and you just need to endure it.

If you can endure years and years, even decade long these crazy movements without selling or losing all your money, and just hold long term then you could make the most amount of money you could make from any investment ever. I personally believe that it is not going to be all that easy, but if we could make it work, then we should be feeling fine about it.

[Dave1]

This is an obvious attempt at market manipulation for their benefit. Here is what the Matrixport scam posted yesterday:

* Bitcoin Spot ETF approval imminent, BTC to jump to $50,000

Well, at least now if bitcoin ETF gets approved they'll be able to say "we've told you so" and if it doesn't they'll do the same.

Most likely they have multiple authors and don't verify what these authors write. First they published a report by 1 researcher who was positive and then another by someone who was negative. They should really pay attention to what is posted on their site because it makes the company look unprofessional when they can't even work out a general attitude towards a subject.

And I  think that's what happen right now, I mean with this kind of news, the market pushed the price to more than $45k. But after that, when the news was verified by bitcoin enthusiast, maybe they think this is just another manipulation early this year, the price sink to where we started or end 2023, at $42k.

So I think there is some entities who take advantage of this kind of news again. As for the article, this has been the nature of crypto journalism, news is not confirmed or verified by the author. And so we should know how to read between the lines so that we won't fall for fake news or not so true articles.

[EarnOnVictor]

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?

To be honest, nothing serious caused such a huge impact on the market yesterday, it was just the market mood that caused that. The mood was aggravated by the fear that ETF proposals could be rejected. This is not new and the reasons alone can't actualise what happened since similar ones had happened with nothing like this happening, but the market is funny at times, it will just start like a play and before you know it more withdrawal of liquidity suddenly will make it happen, and it could be scary.

Specifically, among all that you have listed, the only viable cause that I suspect is the SEC's possible rejection. The rejection headlines have been getting too much, and just as it helped the buying when the expectation for the approval was much late last year, the same will happen when the rejection rumour is getting much. I expect more if this persists as we get closer to the 10th of January. This might have caused damages even before the time. Yet, even if the SEC eventually reject the proposals, I do not expect the market to be affected so badly by it. It will fall drastically for some moment but it will quickly stabilize due to halving expectations.

[rodskee]

Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?

Dont you worry mate because it seems that we only have corrections here mate look at
the market today https://coinmarketcap.com/currencies/bitcoin/ bitcoin had developed recovery as
how fast it drops so I think not about those mentioned reason but instead the holders have just sell
their Holdings about the market pumps.

[Nrcewker]

I guess due to the miners and traders this happened for which Bitcoins fell 5k usd in price in few hours. But I would say this is completely normal. I mean this definitely gave us a hint that this year will be big, but I am happy with the price corrections. We can treat this positively, as this is another opportunity to buy Bitcoins for 4k usd price less. So don’t worry about much and accumulate as many coins as you can in this price segment. I promise you won’t regret.

[BABY SHOES]

Of course, the exact reason for the rejection of ETFs by the SEC may often be attributed to when there is news saying ETFs are rejected then the market immediately reacts, then when Jim Cramer says something about bitcoin then it will happen the opposite.

I am not sure what Matrixport is predicting in the midst of the ETF rejection, but anything can happen because this is their influence and there could be a possibility of a decline because behind it all they seem to manipulate the market that is rising to $45K.

But don't worry, it looks like bitcoin will recover to $45K in the near future.

I remember the words from X.com like this:
If the ETF is approved then the price will go up.
If the ETF is rejected, then we buy again.

This saying says don't panic too much guys.

[jaberwock]

Dont you worry mate because it seems that we only have corrections here mate look at
the market today https://coinmarketcap.com/currencies/bitcoin/ bitcoin had developed recovery as
how fast it drops so I think not about those mentioned reason but instead the holders have just sell
their Holdings about the market pumps.

But, the price hardly gain an amount for us to say that it was only a correction that happened lately. I am sorry but I think can believe more to those reasons the @OP had listed. It's only nice to see that we are still seeing a quick recovery despite of it. There is no real pump yet that occurred in Bitcoin but the highest pump achieved in the crypto market was from Solana. If you only said that Solana hodlers are dumping their coins, then that is more believable. And why will the Bitcoin hodlers sell when they are also aware that the halving is now close? They can just buy more in fact and wait a little more, in order to gain a massive profit.

[justdimin]

don't worry, it looks like bitcoin will recover to $45K in the near future.

Considering it is nearly at 44k again, you could see that all those FUD people were wrong, as always. I mean this is such a simple thing, and we need to just realize that it's been happening for so many times in a row right now, so it shouldn't really be something that we should care about. I get that we are going to end up with a situation where it snot going to be all that simple, but it's really not that complicated.

The price will go up, it is nearing halving, so for the next 1.5 years it will go up, that is just as simple as that, there will be tiny drops like this, but overall it will go up and we just need to realize that is the reality and that's it. I get that we may not end up with something that could change the world, but we just need to accept that as reality.

[AakZaki]

But, the price hardly gain an amount for us to say that it was only a correction that happened lately. I am sorry but I think can believe more to those reasons the @OP had listed. It's only nice to see that we are still seeing a quick recovery despite of it. There is no real pump yet that occurred in Bitcoin but the highest pump achieved in the crypto market was from Solana. If you only said that Solana hodlers are dumping their coins, then that is more believable. And why will the Bitcoin hodlers sell when they are also aware that the halving is now close? They can just buy more in fact and wait a little more, in order to gain a massive profit.

Real pump of Bitcoin or not we just need to see how Bitcoin moves. The Solana hype is great, but the hype about a Bitcoin ETF will be even greater. We are still waiting for the spot ETF announcement next month and that will be the next Bitcoin bullish determinant. Now there is a correction but it is still quite normal and whoever can survive will get back their profits because Bitcoin will continue to a new ATH.

[Zanab247]

Don't be panic, just continue hodling your BTC because this are some of the signs you will be seeing in this season that will make you to have confidence in your hodling that bull run is very close for hodlers to smile again. I noticed such move in the market in few hours but the price have started increasing back to $45k and it has gotten to $44k which it can be possible for the price to reach $50k for some hodlers to start selling their BTC to make profits that will make them to buy when another bear run come.

I will not advise you to buy now, but is good to continue hodling the ones you bought when the price was low in the market and it will give you a good profits if you can endure till the bull run become mature in the market.

[Sexylizzy2813]

This could cause a big scare for investors because it's suppose to be more than what we're seeing, talking about the market price. With the high expectations many people had as of last year that Bitcoin will get to $50k before end of December 2023 and we're having it struggling to surpass $45k till this very moment and is even getting worse to see it at $42-43k as of last 3-4 days. It seems like our expectations are not going to be as we wanted it to be, the market price have something different to offer this year, who knows it might drag us back to $30k before the end of this month.

[Fara Chan]

Don't be panic, just continue hodling your BTC because this are some of the signs you will be seeing in this season that will make you to have confidence in your hodling that bull run is very close for hodlers to smile again. I noticed such move in the market in few hours but the price have started increasing back to $45k and it has gotten to $44k which it can be possible for the price to reach $50k for some hodlers to start selling their BTC to make profits that will make them to buy when another bear run come.

Panic in the face of every condition is not necessary, because another bear may not come at a moment like now, and you yourself have also seen that currently there are more frequent increases than prolonged declines in prices. So the bear will not have the potential to come immediately, except for a short correction to make a bigger jump to the top level in the market.

I will not advise you to buy now, but is good to continue hodling the ones you bought when the price was low in the market and it will give you a good profits if you can endure till the bull run become mature in the market.

Buying now is still good and not too bad to do, although maintaining what you have bought is also very good, because by continuing to buy you will at least increase your existing portfolio. I think buying in the current conditions is still not too late if the prediction is that Bitcoin could go to $50K at the beginning of this year, and that is also part of taking advantage of conditions that are improving like now.

[Sophokles]

Bitcoin was around $45K to $45.5K for the whole day, but it started going down for the last two hours. Bitcoin just touched $40.7K, and now it's around $42K again. I was trying to figure out what had just happened. Bitcoin lost $3K in two hours and alts are now bleeding. There are several negative news just popped up and some of them are

* SEC will REJECT Bitcoin Spot ETFs Again Says Matrixport Report
* Miners Unload BTC to Exchanges
* Matrixport Predicts Bitcoin Price Dip To $36k Amid SEC’s Potential Rejection Of BTC Spot ETF

Which one could be reason of such movement?

I don't think there will be a rejection but SEC can ask for more time and ETF will be approved somewhere in Q2 as predicted in that research article. More delay will also cause panic and there will be a major crash right after the news comes out. If they approve the bitcoin ETF this week then there can be some other plan to crash the market so that they can accumulate bitcoin at a reasonable price. I don't think there is enough bitcoin in the market at the current price to fully fill all these asset managers bags.