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Trump-Linked World Liberty Finance Sells 173 WBTC Amid Bitcoin Volatility

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TLDR:

  • 173 WBTC sold at $67K, totaling $11.75M in USDC during a volatile Bitcoin session. 
  • Initial trades were fast and decisive, signaling structured exits amid price weakness. 
  • Bitcoin dipped to low $60Ks but quickly recovered to $70K, showing market absorption. 
  • WBTC to USDC rotation reflects liquidity preference and defensive risk management strategy.

 

Trump-linked World Liberty Finance sold 173 WBTC near $67K, moving $11.75M into USDC. The trades were fast and decisive, coinciding with Bitcoin’s dip into the low $60Ks. 

Liquidity thinned, stops triggered, but buyers quickly stepped in. Bitcoin rebounded to $70K, showing the market absorbed pressure efficiently. The sale signaled caution, yet strength remained clear.

Timing and Market Mechanics of the WBTC Sale

Trump-linked World Liberty Finance executed 173 WBTC sales on February 5, coinciding with Bitcoin’s decline from the mid-$70Ks to the low-$60Ks. Initially, 40 WBTC were sold for $2.761M USDC, immediately followed by 33 WBTC for $2.276M USDC. 

Both trades occurred within a minute. Consequently, the market saw a clear signal of urgency rather than routine rebalancing.

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Later, 100 WBTC were sold for $6.711M USDC as Bitcoin accelerated downward. This final trade appeared as a towering spike on the chart, coinciding with a steep price drop.

Therefore, the sequence indicates that the sales were structured and decisive, creating a liquidity event during volatility.

Moreover, moving from WBTC to USDC demonstrates a defensive approach. USDC preserves value while offering flexibility for future actions. Thus, the strategy prioritizes liquidity over exposure. 

Market participants noted that sales at the $67K level influenced sentiment. Even if independent, the “Trump-linked” label amplified attention, making the timing appear cautious.

In addition, the total volume, while meaningful, is not existential for Bitcoin liquidity. The $11.75M converted into USDC represents a tactical adjustment rather than a complete exit.

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Consequently, the trades reinforced short-term bearish momentum but also created opportunities for buyers. The compressed timing, coupled with large trade sizes, allowed other market players to anticipate liquidity points.

Bitcoin’s Reaction and Market Absorption

Following the WBTC sales, Bitcoin briefly dipped into the low $60Ks on February 6. This drop coincided with the heavy USDC conversions. 

As a result, liquidity thinned, stop orders triggered, and weaker traders exited positions. Consequently, the session recorded an emotional low that reflected short-term fear.

However, Bitcoin quickly recovered to $65K and continued a controlled ascent. By evening, the price approached $70K, nearly erasing earlier losses.

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Therefore, the market absorbed the $11.75M sell pressure without structural breakdown. This V-shaped rebound indicates strong buying interest.

Furthermore, the transaction demonstrates how tactical exits interact with market depth. Large holders rotated positions, yet equally serious buyers absorbed the coins efficiently.

Consequently, the market interpreted the Trump-linked sales as a liquidity event rather than a persistent sell-off.

As a result, Bitcoin’s quick rebound reinforced confidence in liquidity and market resilience. Finally, the WBTC sale highlights how high-profile players manage risk while maintaining market stability. 

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Crypto World

Bitcoin Breaks 5-Month Losing Streak With $68K March Close: What’s Next?

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Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis

Bitcoin (BTC) closed March in green, ending the longest monthly losing streak since 2018. Data suggests that the coming months may prove to be profitable for BTC.

Key takeaways:

  • Bitcoin ended March 2% higher, marking the first green monthly close in six months.

  • A similar streak in 2018/2019 led to an over 316% BTC price rebound over five months.

  • Bitcoin price faces stiff resistance at $70,000-$72,000, where key trend lines converge.

Past multi-month downtrends were followed by 300% price gains

Historical price data from CoinGlass confirms Bitcoin printed its first green monthly candle in six months, closing March 2% higher after five straight months of losses.

“This is a massive dose of hopium,” analyst Ash Crypto said in an X post on Wednesday.

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The analyst was referring to a possible shift in momentum, which might lead to a sustained recovery, as seen in previous cycles.

Related: Crypto Fear & Greed Index stuck on ‘extreme fear,’ but is there a silver lining?

The last time this happened was in 2018/2019 when BTC closed February 2019 in green, after six consecutive red months, as shown in the figure below.

This led to a reversal with over 300% returns the following five months, as Bitcoin recovered from the 2018 bear market.

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“Last time BTC dumped 6 months in a row, it pumped the following 5 months in a row that came after!” trader Satoshi Flipper said in a Wednesday post on X.

Cryptocurrencies, Bitcoin Price, Markets, BTC Markets, Price Analysis, Market Analysis
Bitcoin monthly percentage returns. Source: CoinGlass

If history repeats itself, the reversal may continue in April, suggesting that BTC price may have bottomed at $60,000.

Bitcoin’s bullish monthly close is a ”catalyst for fresh inflows into early April,” Trader Caleb said, adding:

“April starts with momentum.”

Bitcoin has a well-established tendency for significant price swings in April.

Since 2013, April has been a green month for eight of the past 13 years, with average returns of about 12.2%

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However, Bitcoin also tends to move in the opposite direction to March in April, and this is true for nine out of the past 13 years. 

In recent years, Bitcoin dropped in April after closing March in green, three out of four times between 2021 and 2024. 

Therefore, while the end of past multi-month drawdowns suggests a rebound is due, data demonstrates that BTC price could also slide in April.

Watch these Bitcoin price levels next

Data from TradingView shows BTC price up 2.5% on the day to trade at $68,470 as the $69,000-$70,000 resistance remains in place.

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Analysts expect Bitcoin’s range-bound price action to continue for longer, with important price levels to look for in case of a breakout. 

These include the $70,000-$72,000 supply zone, coinciding with the 50-day simple moving average (SMA), the 50-day exponential moving average (EMA) and the 1w–1m cohort cost basis

This is also where investors acquired approximately 650,000 BTC, marking a potential point of sell pressure, according to the cost-basis distribution data from Glassnode.

Breaking above this level could see BTC/USD revisit the $76,000 range high and eventually the $80,000 psychological level.

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BTC/USD daily chart. Source: Cointelegraph/TradingView

Zooming out, trader Sheldon Diedericks said Bitcoin could “push into resistance” at $83,000 on the monthly time frame, a key support level from April 2025. The 200-day EMA is also close to this area.

BTC/USD monthly chart. Source: X/Sheldon Diedericks

On the downside, the 200-week EMA at $68,300 and the 200-week SMA at $59,400 remain key levels to watch. Below that, the next major level is Bitcoin’s realized price around $54,000.

As Cointelegraph reported, Bitcoin’s bear market bottom could be formed once BTC price drops toward or below its realized price.