{"id":628269,"date":"2024-07-07T13:00:49","date_gmt":"2024-07-07T13:00:49","guid":{"rendered":"https:\/\/uniquehot.com\/?p=628269"},"modified":"2024-07-10T03:43:32","modified_gmt":"2024-07-10T03:43:32","slug":"2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/","title":{"rendered":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites"},"content":{"rendered":"

A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion worth of Bitcoin, most likely obtained by investors this year, has flowed through the system and generated discussion on the causes of the migration.<\/p>\n

Related Reading: Bear Market Bites: Chainlink Loses 10%, Further Downturn To $6.80 Feared<\/a><\/div>\n

Short-Term Jitters Drive Sell-Off<\/strong><\/h2>\n

Short-term investors that entered the market early 2023 are thought to be the cause of these outflows. Back then, a purchasing frenzy driven by excitement over Bitcoin Exchange-Traded Funds (ETFs) and the mining reward halving \u2014 an event believed to lower supply and maybe raise prices.<\/span> But their excitement seems to have been subdued by the present bear market, which causes them to limit their losses.
\n<\/span><\/p>\n

\n

Beginner investors are capitulating and increasing selling pressure<\/p>\n

\u201cApproximately $2.4 billion worth of #Bitcoin<\/a> aged between 3 and 6 months moved on the network during the drop.\u201d \u2013 By @caueconomy<\/a><\/p>\n

Read more \ud83d\udc47https:\/\/t.co\/W46LKwg9Hb<\/a> pic.twitter.com\/C3OzfIMbSo<\/a><\/p>\n

\u2014 CryptoQuant.com (@cryptoquant_com) July 4, 2024<\/a><\/p><\/blockquote>\n

This behaviour emphasises the distinctions between those pursuing rapid gains and actual long-term believers. Although the sell-off is driven by short-term emotion, it is noteworthy that Bitcoin has survived such challenges in the past.<\/p>\n

\"\"<\/p>\n

Calm Amidst The Chaos: Long-Term Investors Stay The Course<\/strong><\/h2>\n

The relentless confidence shown by long-term Bitcoin holders is a lighthouse of consistency in this tumultuous market. Data from CryptoQuant shows that investors with holdings older than a year have not changed in response to the current market volatility.<\/span> This points to a strong conviction in the long-term possibilities of Bitcoin, which may help to offset more price declines.
\n<\/span><\/p>\n

Bitcoin is now trading at $57,522. Chart: TradingView<\/a><\/figcaption><\/figure>\n

It’s amazing how different new and experienced investors act. Short-term holders are influenced by changes in the market; long-term investors know that Bitcoin is a marathon rather than a sprint.<\/span> Their ongoing belief in the technology can offer the whole market much-needed stability.
\n<\/span><\/p>\n

Uncharted Territory: Market Responds To Investor Tug-Of-War<\/strong><\/h3>\n

How will the market respond to this significant sell-off by short-term holders remains the million-dollar mystery. Some analysts fear it can set off a chain reaction that results in more declining prices.<\/span> Others, however, contend that the relentless faith of long-term investors will stop a freefall. Which force wins will depend much on the next few weeks.
\n<\/span><\/p>\n

\"\"
Source: Coinglass<\/figcaption><\/figure>\n

Massive Bitcoin Liquidation<\/strong><\/h3>\n

Though the percentage is smaller than that of other cryptocurrencies, its dominance results in a naturally larger monetary worth of liquidated Bitcoins. Actually, the statistics shows that during the recent price drop, Bitcoin performed better than other altcoins.
\n<\/span><\/span><\/p>\n

Related Reading: Is Dogwifhat (WIF) Down For The Count? Price Tanks 15% On Whale Exodus<\/a><\/div>\n

Though the percentage is smaller than that of other cryptocurrencies, its dominance results in a naturally larger monetary worth of liquidated Bitcoins.<\/span> Actually, the statistics shows that during the recent price drop, Bitcoin performed better than other altcoins.<\/p>\n

The Bitcoin market is at a junction. While long-term owners stick to their belief, other investors are jumping ship due to short-term worries. The interaction of these opposing forces will decide the course of the most often used cryptocurrency going forward.<\/span><\/p>\n

Featured image from Alamy, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion worth of Bitcoin, most likely obtained by investors this year, has flowed through the system and generated discussion on the causes of the migration. Related Reading: Bear Market Bites: Chainlink Loses 10%, Further Downturn To $6.80 Feared Short-Term Jitters Drive Sell-Off Short-term investors that entered the market early 2023 are thought to be the cause of these outflows. Back then, a purchasing frenzy driven by excitement over Bitcoin Exchange-Traded Funds (ETFs) and the mining reward halving \u2014 an event believed to lower supply and maybe raise prices. But their excitement seems to have been subdued by the present bear market, which causes them to limit their losses. Beginner investors are capitulating and increasing selling pressure \u201cApproximately $2.4 billion worth of #Bitcoin aged between 3 and 6 months moved on the network during the drop.\u201d \u2013 By @caueconomy Read more \ud83d\udc47https:\/\/t.co\/W46LKwg9Hb pic.twitter.com\/C3OzfIMbSo \u2014 CryptoQuant.com (@cryptoquant_com) July 4, 2024 This behaviour emphasises the distinctions between those pursuing rapid gains and actual long-term believers. Although the sell-off is driven by short-term emotion, it is noteworthy that Bitcoin has survived such challenges in the past. Calm Amidst The Chaos: Long-Term Investors Stay The Course The relentless confidence shown by long-term Bitcoin holders is a lighthouse of consistency in this tumultuous market. Data from CryptoQuant shows that investors with holdings older than a year have not changed in response to the current market volatility. This points to a strong conviction in the long-term possibilities of Bitcoin, which may help to offset more price declines. It’s amazing how different new and experienced investors act. Short-term holders are influenced by changes in the market; long-term investors know that Bitcoin is a marathon rather than a sprint. Their ongoing belief in the technology can offer the whole market much-needed stability. Uncharted Territory: Market Responds To Investor Tug-Of-War How will the market respond to this significant sell-off by short-term holders remains the million-dollar mystery. Some analysts fear it can set off a chain reaction that results in more declining prices. Others, however, contend that the relentless faith of long-term investors will stop a freefall. Which force wins will depend much on the next few weeks. Massive Bitcoin Liquidation Though the percentage is smaller than that of other cryptocurrencies, its dominance results in a naturally larger monetary worth of liquidated Bitcoins. Actually, the statistics shows that during the recent price drop, Bitcoin performed better than other altcoins. Related Reading: Is Dogwifhat (WIF) Down For The Count? Price Tanks 15% On Whale Exodus Though the percentage is smaller than that of other cryptocurrencies, its dominance results in a naturally larger monetary worth of liquidated Bitcoins. Actually, the statistics shows that during the recent price drop, Bitcoin performed better than other altcoins. The Bitcoin market is at a junction. While long-term owners stick to their belief, other investors are jumping ship due to short-term worries. The interaction of these opposing forces will decide the course of the most often used cryptocurrency going forward. Featured image from Alamy, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":628285,"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":[428,532,1119,1144,6664],"class_list":["post-628269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-btc","tag-btcusd","tag-crypto"],"acf":[],"yoast_head":"\n$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites<\/title>\n<meta name=\"description\" content=\"A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion\" \/>\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\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites\" \/>\n<meta property=\"og:description\" content=\"A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion\" \/>\n<meta property=\"og:url\" content=\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\" \/>\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=\"2024-07-07T13:00:49+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-10T03:43:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"960\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites\",\"datePublished\":\"2024-07-07T13:00:49+00:00\",\"dateModified\":\"2024-07-10T03:43:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\"},\"wordCount\":555,\"publisher\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640\",\"keywords\":[\"bitcoin\",\"Bitcoin ETF\",\"btc\",\"btcusd\",\"crypto\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/uniquehot.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\",\"url\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\",\"name\":\"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites\",\"isPartOf\":{\"@id\":\"https:\/\/uniquehot.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640\",\"datePublished\":\"2024-07-07T13:00:49+00:00\",\"dateModified\":\"2024-07-10T03:43:32+00:00\",\"description\":\"A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion\",\"breadcrumb\":{\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage\",\"url\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640\",\"contentUrl\":\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640\",\"width\":960,\"height\":640,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/uniquehot.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites\"}]},{\"@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\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/uniquehot.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/uniquehot.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites","description":"A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion","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\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/","og_locale":"en_US","og_type":"article","og_title":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites","og_description":"A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion","og_url":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-07-07T13:00:49+00:00","article_modified_time":"2024-07-10T03:43:32+00:00","og_image":[{"width":960,"height":640,"url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg","type":"image\/jpeg"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#article","isPartOf":{"@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/"},"author":{"name":"Christian Encila","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites","datePublished":"2024-07-07T13:00:49+00:00","dateModified":"2024-07-10T03:43:32+00:00","mainEntityOfPage":{"@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/"},"wordCount":555,"publisher":{"@id":"https:\/\/uniquehot.com\/#organization"},"image":{"@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640","keywords":["bitcoin","Bitcoin ETF","btc","btcusd","crypto"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/uniquehot.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/","url":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/","name":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites","isPartOf":{"@id":"https:\/\/uniquehot.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage"},"image":{"@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640","datePublished":"2024-07-07T13:00:49+00:00","dateModified":"2024-07-10T03:43:32+00:00","description":"A recent study by CryptoQuant shows a notable change in investor behaviour, hence the Bitcoin market is riding a sea of uncertainty. About $2.4 billion","breadcrumb":{"@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#primaryimage","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640","contentUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640","width":960,"height":640,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/uniquehot.com\/"},{"@type":"ListItem","position":2,"name":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites"}]},{"@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\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/uniquehot.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/uniquehot.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites","url":"http:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/a_db9eeb.jpg?fit=960%2C640"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin etf","btc","btcusd","crypto"],"dateCreated":"2024-07-07T13:00:49Z","datePublished":"2024-07-07T13:00:49Z","dateModified":"2024-07-10T03:43:32Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"$2.4 Billion Worth Of Bitcoin Exit The Network As Bear Market Bites\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/2-4-billion-worth-of-bitcoin-exit-the-network-as-bear-market-bites\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_db9eeb.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/a_db9eeb.jpg?fit=960%2C640\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin etf\",\"btc\",\"btcusd\",\"crypto\"],\"dateCreated\":\"2024-07-07T13:00:49Z\",\"datePublished\":\"2024-07-07T13:00:49Z\",\"dateModified\":\"2024-07-10T03:43:32Z\"}<\/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\/2024\/07\/a_db9eeb.jpg?fit=960%2C640","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/628269","targetHints":{"allow":["GET"]}}],"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\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=628269"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/628269\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/628285"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=628269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=628269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=628269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}