{"id":513745,"date":"2022-12-26T14:00:08","date_gmt":"2022-12-26T19:00:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=513745"},"modified":"2024-06-11T14:33:29","modified_gmt":"2024-06-11T14:33:29","slug":"bitcoin-selling-pressure-exhausted-hint","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/","title":{"rendered":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So"},"content":{"rendered":"

The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore.<\/p>\n

Stablecoin Redeem Count Has Remained Low Recently<\/h2>\n

As pointed out by an analyst in a CryptoQuant post<\/a>, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this bear market. A stablecoin<\/a> is said to be “redeemed” when an investor exchanges the token for fiat through the issuer of said coin.<\/p>\n

Investors usually use stablecoins when they want to escape the volatility associated with tokens like Bitcoin. Thus, redemptions of them can be a sign that investors are exiting the market currently. The “stablecoins redeemed supply” is an indicator that measures the total amount of such redemptions happening across the market of all types of stables.<\/p>\n

Another metric that keeps track of these withdrawals is the “stablecoins redeem event count,” which, as its name already implies, measures the total number of redemptions taking place in the market rather than the total sum of their value.<\/p>\n

Related Reading: Bitcoin Bullish Signal? Small Investors Show Rapid Accumulation<\/a><\/div>\n

Now, here is a chart that shows the trend in both these stablecoin redemptions indicators over the past year:<\/p>\n

\"Bitcoin<\/p>\n

Looks like only one of these metrics had its value elevated in recent days | Source: CryptoQuant<\/a><\/pre>\n
As the above graph displays, during the large declines in the price of Bitcoin in this bear market so far, the stablecoins redeemed supply has usually registered high values. This trend makes sense as investors would be converting to stables to sell off during the crash, and then redeeming them for fiat.<\/p>\n
Related Reading: Top 5 Cryptocurrencies To Keep An Eye On This Week \u2013 Post-Christmas Gainers<\/a><\/div>\n
The stablecoin redeem count also observed spikes during such dumping events, except for the most recent one. This implies that in the price plunges before the latest one, many investors always took part in stablecoin redemptions, showing that the market had a uniform and more natural selling appetite.<\/p>\n
In the most recent decline where Bitcoin went from above $18k to below $17k, however, the redeemed count has stayed low while the redeemed supply has still observed very high values. This means that only a few whales were involved in this dumping event, a possible sign that largescale selling pressure<\/a> may be getting depleted in the market.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $16,800, up 1% in the last seven days. Over the past month, the crypto has gained 2% in value.<\/p>\n
\"Bitcoin<\/p>\n
The price of the coin seems to have not shown any significant deviations in the last few days | Source: BTCUSD on TradingView<\/a><\/pre>\n
Featured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/div>\n","protected":false},"excerpt":{"rendered":"
The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren’t many Bitcoin holders selling anymore. Stablecoin Redeem Count Has Remained Low Recently As pointed out by an analyst in a CryptoQuant post, large stablecoin redemptions have usually accompanied major declines in the Bitcoin price during this bear market. A stablecoin is said to be “redeemed” when an investor exchanges the token for fiat through the issuer of said coin. Investors usually use stablecoins when they want to escape the volatility associated with tokens like Bitcoin. Thus, redemptions of them can be a sign that investors are exiting the market currently. The “stablecoins redeemed supply” is an indicator that measures the total amount of such redemptions happening across the market of all types of stables. Another metric that keeps track of these withdrawals is the “stablecoins redeem event count,” which, as its name already implies, measures the total number of redemptions taking place in the market rather than the total sum of their value. Related Reading: Bitcoin Bullish Signal? Small Investors Show Rapid Accumulation Now, here is a chart that shows the trend in both these stablecoin redemptions indicators over the past year: Looks like only one of these metrics had its value elevated in recent days | Source: CryptoQuant As the above graph displays, during the large declines in the price of Bitcoin in this bear market so far, the stablecoins redeemed supply has usually registered high values. This trend makes sense as investors would be converting to stables to sell off during the crash, and then redeeming them for fiat. Related Reading: Top 5 Cryptocurrencies To Keep An Eye On This Week \u2013 Post-Christmas Gainers The stablecoin redeem count also observed spikes during such dumping events, except for the most recent one. This implies that in the price plunges before the latest one, many investors always took part in stablecoin redemptions, showing that the market had a uniform and more natural selling appetite. In the most recent decline where Bitcoin went from above $18k to below $17k, however, the redeemed count has stayed low while the redeemed supply has still observed very high values. This means that only a few whales were involved in this dumping event, a possible sign that largescale selling pressure may be getting depleted in the market. BTC Price At the time of writing, Bitcoin’s price floats around $16,800, up 1% in the last seven days. Over the past month, the crypto has gained 2% in value. The price of the coin seems to have not shown any significant deviations in the last few days | Source: BTCUSD on TradingView Featured image from Dmitry Demidko on Unsplash.com, charts from TradingView.com, CryptoQuant.com<\/p>\n","protected":false},"author":542,"featured_media":513753,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,86007,1119,1144,15241,87691],"class_list":["post-513745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-selling-pressure","tag-btc","tag-btcusd","tag-stablecoins","tag-stablecoins-redeemed-supply"],"acf":[],"yoast_head":"\nBitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So<\/title>\n<meta name=\"description\" content=\"The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren't many Bitcoin holders selling anymore.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So\" \/>\n<meta property=\"og:description\" content=\"The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren't many Bitcoin holders selling anymore.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-26T19:00:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:33:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keshav Verma\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/keshavvarma29\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Keshav Verma\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\"},\"author\":{\"name\":\"Keshav Verma\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\"},\"headline\":\"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So\",\"datePublished\":\"2022-12-26T19:00:08+00:00\",\"dateModified\":\"2024-06-11T14:33:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\"},\"wordCount\":422,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707\",\"keywords\":[\"bitcoin\",\"Bitcoin Selling Pressure\",\"btc\",\"btcusd\",\"Stablecoins\",\"Stablecoins Redeemed Supply\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\",\"url\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\",\"name\":\"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707\",\"datePublished\":\"2022-12-26T19:00:08+00:00\",\"dateModified\":\"2024-06-11T14:33:29+00:00\",\"description\":\"The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren't many Bitcoin holders selling anymore.\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707\",\"width\":2560,\"height\":1707},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/uniquehot.com\/#website\",\"url\":\"https:\/\/uniquehot.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/uniquehot.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/uniquehot.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/uniquehot.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6\",\"name\":\"Keshav Verma\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g\",\"caption\":\"Keshav Verma\"},\"description\":\"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/keshavverma29\/\",\"https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29\"],\"url\":\"https:\/\/uniquehot.com\/author\/hououinkyouma29\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So","description":"The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren't many Bitcoin holders selling anymore.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So","og_description":"The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren't many Bitcoin holders selling anymore.","og_url":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-12-26T19:00:08+00:00","article_modified_time":"2024-06-11T14:33:29+00:00","og_image":[{"width":2560,"height":1707,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707","type":"image\/jpeg"}],"author":"Keshav Verma","twitter_card":"summary_large_image","twitter_creator":"@https:\/\/twitter.com\/keshavvarma29","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Keshav Verma","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/"},"author":{"name":"Keshav Verma","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6"},"headline":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So","datePublished":"2022-12-26T19:00:08+00:00","dateModified":"2024-06-11T14:33:29+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/"},"wordCount":422,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707","keywords":["bitcoin","Bitcoin Selling Pressure","btc","btcusd","Stablecoins","Stablecoins Redeemed Supply"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/","url":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/","name":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707","datePublished":"2022-12-26T19:00:08+00:00","dateModified":"2024-06-11T14:33:29+00:00","description":"The on-chain data for the stablecoin redemptions during the recent price plunge could suggest there aren't many Bitcoin holders selling anymore.","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707","width":2560,"height":1707},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So"}]},{"@type":"WebSite","@id":"https:\/\/uniquehot.com\/#website","url":"https:\/\/uniquehot.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/uniquehot.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/uniquehot.com\/#organization","name":"NewsBTC","url":"https:\/\/uniquehot.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/uniquehot.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/bdb6d57b7ea5cc00981204795656d1a6","name":"Keshav Verma","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d9c67b0b4a94fb480d44f29de96266e?s=96&d=mm&r=g","caption":"Keshav Verma"},"description":"Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021. Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/uniquehot.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So","url":"http:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin-selling-pressure-exhausted-hint\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin selling pressure","btc","btcusd","stablecoins","stablecoins redeemed supply"],"dateCreated":"2022-12-26T19:00:08Z","datePublished":"2022-12-26T19:00:08Z","dateModified":"2024-06-11T14:33:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Selling Pressure Becoming Exhausted? This Metric May Hint So\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-selling-pressure-exhausted-hint\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin-selling-pressure-exhausted-hint\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin selling pressure\",\"btc\",\"btcusd\",\"stablecoins\",\"stablecoins redeemed supply\"],\"dateCreated\":\"2022-12-26T19:00:08Z\",\"datePublished\":\"2022-12-26T19:00:08Z\",\"dateModified\":\"2024-06-11T14:33:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2022\/12\/dmitry-demidko-OG3A-ilG8AY-unsplash-scaled.jpg?fit=2560%2C1707","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/513745"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=513745"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/513745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/513753"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=513745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=513745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=513745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}