Massive withdrawal of Bitcoin

[goldkingcoiner]

I mean, that's how markets in general work? An asset's price pumps(bitcoin or not), some people will be taking profit, and the price is likely to have a correction after. What will make an asset's price more stable is mostly more market participants.

Yes, this is the basic economics. The coins are limited in numbers. That is the price of the coin increases when more people buy the coins. Now once the price goes up, many people start selling the coins. Hence the price goes down and we see a correction in the price. This circle goes on like this and it’s pretty common I must say. Long term holders always wait for opportunities like this, and they make good profits from it.

And the ones who take profits from Bitcoin pumps always miss out on even larger pumps. So I do not see it as 'taking profit' but rather losing profit due to greed. You could also call it panic-selling. Or rather a less extreme version of panic-selling because they do it during a pump instead of during a dump. Either way, the hodler is the real winner in the end.

[Troytech]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

Bitcoin is a commodity and not every one views it same way, some as a means to get quick profits others as a long term investment, and it's normal to expect selling due to FOMO from such investors cause they must have made their profits from bitcoin and the rest of I is just fear if the bull run woudl continue and no one want to allow the marker to rest on him so they have to rush to get their profits off the market which is in a way wrong to me.

You also need to understand the concept of trends, bitcoin gains value due to scarcity and high demand while it reduce value when there is much supply of bitcoin which happens when people sell, right now that shouldn't be a big problem and those selling woudl be at very high risk if they are not buying back soon cause the ETF buys a portion of every available supply of bitcoin thereby promoting the momentum of this bull and moreover the halving is yet to happen and this much FOMO then what about after.

[Ben Barubal]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

     Well, all I can say is that many communities do deposit and withdrawal transactions on Bitcoin, and I think that's normal in this field of business. Because there are people who do this for some reason, maybe for personal reasons, emergencies, and more. Or it can be because their profit is already big and they are happy with it.

     And in that regard, it's good that you don't get greedy, and there's nothing to worry about if there are a lot of Bitcoin withdrawals, because there are still a lot of people buying bitcoin, and then there's always the so-called check in balance in this industry.

[Pi-network314159]

Anytime the price of Bitcoin skyrockets, there would be massive selling of Bitcoin and this practice(s) have always lead to the price of Bitcoin falling back afterwards. During the approval of spot Bitcoin ETFs, it was observed that the massive selling of Bitcoin when the price got to $48,000 made the price to fall to $38,000, it was after the corrections that the price began to soar higher again till now that it has set a new ATH of about $69,210 and immediately, massive selling and withdrawal of Bitcoin was also noticed.

There have been long awaited investors whom have bought Bitcoin las bull run and Bitcoin fell dip for so long that they held bitcoin continuously till this upcoming bull run and all they could do is to target the price of btc to grow above the previous buying point which they sold it in other for it not to fall back again because they are not sure if the bull run is coming or we are already in bull run.

Wouldn't this continues practice of withdrawing and selling off whenever the price skyrockets going to slow the volatility of Bitcoin to continue skyrocketing? Since the price automatically starts experiencing a dip after every massive withdrawal.

The traders are responsible for the slow volatility of bitcoin, because each time btc price increase a little they sell, and when they sell the price drop. the investors on dip and Hodl will buy the dip, the price will surge higher, the traders will sell keeping the volatility of Bitcoin stagnant and capitalising on the liquidity of the investors which they put into  BTC to make it volatile. thats why we say let's people buy and hold. the investors like Michael J Saylor are the people who even triggers the push up of Bitcoin, because when they will buy massive number of btc  the price pushes up. And other investors will follow the lead and buy, it keep pushing no body will want to be left behind. buying oder now becomes %80 and above untill traders will drop it down by pulling their fund. That is just the reason behind it in my understanding.

[Peanutswar]

People more often check the news so they can secure their funds to sell or buy it depends on the outcome every news, so they can gain profit with this quick action came from economy, and if you are a long term holder of the bitcoin and you are actively doing a DCA you don't need to worry too much with the market because you bought every dump and see the result from the holding from 38k$ we are now sitting at the last ATH and we are now expecting another pump after this halving, but of course don't forget to make a take profit not all the time the market are in the highest point.