Bitcoin Dey Face Pressure From Unstaking Events And Options Wey Don Expire, As Regulations Dey Change
Bitcoin dey face selling pressure now because of di heavy unstaking events wey happen recently afta Babylon protocol airdrop, wit 256 BTC wey dem unstake within 24 hours. At di same time, long-term holders don move ova 1,058 BTC (wey be like $90 million), wey dey show say dem fit dey take profit. All dis dey happen as $2.18 billion worth of Bitcoin options dey go expire on April 4, wey fit lead to market wey dey shake more dan before. Market indicators like Relative Strength Index dey suggest different price movements wey fit happen, wit important support and resistance levels wey dem don find. Even wit di selling pressure wey dey ground, analysts still dey optimistic about Bitcoin long-term bullish trend, as dem dey consider beta economic changes, like U.S. tariffs, wey fit favor Bitcoin. More things wey dey support am include proposals for big companies to adopt am and potential regulatory changes wey dey support crypto growth for di whole world. Wit Ethereum wey dey bring new updates, di whole crypto market still dey hot wit chances for traders.
Bearish
Di tori go likely cause selling pressure and wahala for market for short time because of the big amount of Bitcoin wey long-term holders don unstake and move. The time wey $2.18 billion worth of Bitcoin options go expire dey near, and this one dey add to the chance of market wey no go dey stable, wey dey make traders dey shine their eyes well well. Even though hope dey for long-term bullish trend because maybe regulatory and economic changes go favor Bitcoin, the way market dey feel now be like say e go fall because of the pressure wey dey come from these things. Wetin don happen before show say market like this dey usually cause price to fall small before e go fit stand strong again, especially if the things wey dey make Bitcoin dey grow still dey strong.