Bitcoin haftalard\u0131r geri \u00e7ekilme ya\u015f\u0131yor. 11 Kas\u0131m\u2019da g\u00f6r\u00fclen 107.465 dolarl\u0131k zirvenin ard\u0131ndan fiyat yaln\u0131zca iki g\u00fcn sonra 100.000 dolar\u0131n alt\u0131na sarkt\u0131.<\/p>\n
BTC<\/a> \u015fu anda 94.700 dolar seviyesine kadar d\u00fc\u015ferek zirveden yakla\u015f\u0131k %12 geriledi.<\/p>\n Piyasadaki temel soru ise \u015fu: Bu hareket derin bir \u00e7\u00f6k\u00fc\u015f\u00fcn ba\u015flang\u0131c\u0131 m\u0131, yoksa bir bo\u011fa piyasas\u0131nda g\u00f6r\u00fclen sa\u011fl\u0131kl\u0131 bir d\u00fczeltme mi?<\/p>\n Ara\u015ft\u0131rma \u015firketi XWIN Research<\/a> taraf\u0131ndan yay\u0131mlanan yeni rapora g\u00f6re yan\u0131t, bir\u00e7ok analistin d\u00fc\u015f\u00fcnd\u00fc\u011f\u00fcnden daha net.<\/p>\n Firma, CryptoQuant dahil \u00e7e\u015fitli on-chain veri sa\u011flay\u0131c\u0131lar\u0131n\u0131n metriklerini analiz etti.<\/p>\n En b\u00fcy\u00fck sat\u0131\u015f bask\u0131s\u0131n\u0131n long-term holders taraf\u0131ndan de\u011fil, short-term holders taraf\u0131ndan olu\u015fturuldu\u011funu belirledi.<\/p>\n Bu tespit, mevcut piyasa hareketinin yorumlan\u0131\u015f \u015feklini tamamen de\u011fi\u015ftiriyor.<\/p>\n XWIN, Short-Term Holder Spent Output Profit Ratio (STH SOPR) g\u00f6stergesinin birka\u00e7 kez 1\u2019in alt\u0131na indi\u011fini bildiriyor.<\/p>\n Short-term holders\u2019\u0131n coinlerini zarar\u0131na satt\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n Bu davran\u0131\u015f genellikle panik d\u00f6nemlerinde ortaya \u00e7\u0131k\u0131yor.<\/p>\n Spent Output Age Bands verileri de son d\u00fc\u015f\u00fc\u015flerde \u00f6zellikle 3 aydan k\u0131sa s\u00fcre elde tutulan coinlerin sat\u0131ld\u0131\u011f\u0131n\u0131 g\u00f6steriyor.<\/p>\n Ba\u015fka bir ifadeyle, en sert fiyat hareketi long-term yat\u0131r\u0131mc\u0131lardan kaynakl\u0131 de\u011fildir.<\/p>\n Pozisyon kapatan short-term holders kitlesinden kaynakland\u0131.<\/p>\n Bu on-chain veriler, piyasadaki<\/a> sat\u0131\u015flar\u0131n b\u00fcy\u00fck \u00f6l\u00e7\u00fcde panik sat\u0131\u015flar\u0131 ve zorunlu likidasyonlardan olu\u015ftu\u011funu ortaya koyuyor.<\/p>\n Hareketi, \u00f6nceki d\u00f6ng\u00fclerde g\u00f6r\u00fclen ve long-term holders\u2019\u0131n toplu sat\u0131\u015flar\u0131yla olu\u015fan zirve sinyallerinden belirgin \u015fekilde ay\u0131r\u0131yor.<\/p>\n Uzun vadeli yat\u0131r\u0131mc\u0131lar son aylarda sat\u0131\u015flar\u0131n\u0131 art\u0131rm\u0131\u015f durumda. XWIN bunun bir tepe sinyali olmad\u0131\u011f\u0131n\u0131 vurguluyor.<\/p>\n Coin Days Destroyed, Realized Profit ve Long-Term Holder Net Position Change gibi metriklerde art\u0131\u015f g\u00f6r\u00fclse de bu hareketler, bo\u011fa piyasalar\u0131n\u0131n<\/a> normal k\u00e2r realizasyonu d\u00f6nemlerine benziyor.<\/p>\n Yani LTH sat\u0131\u015flar\u0131 \u015fu an i\u00e7in sa\u011fl\u0131kl\u0131 bir da\u011f\u0131l\u0131m\u0131n par\u00e7as\u0131 olarak de\u011ferlendiriliyor. As\u0131l bask\u0131n\u0131n kayna\u011f\u0131 ise farkl\u0131.<\/p>\n KE\u015eFED\u0130N:<\/strong> Yeni \u00c7\u0131kacak Coinler 2025 \u2013 Bug\u00fcn Hangi Coin Al\u0131n\u0131r?<\/a><\/p>\n Raporda, stres d\u00f6nemlerinde k\u00fc\u00e7\u00fck sat\u0131\u015flar\u0131n bile b\u00fcy\u00fck fiyat etkileri yaratabilece\u011fi belirtiliyor.<\/p>\n Mevcut durumda en k\u0131r\u0131lgan grup;<\/p>\n Fiyat geriledi\u011finde ilk satanlar da genellikle bu yat\u0131r\u0131mc\u0131lar oluyor.<\/p>\n Bu durum beraberinde:<\/p>\n XWIN\u2019in bulgular\u0131yla birlikte CryptoQuant CEO\u2019su Ki Young Ju da farkl\u0131 bir mekanizmaya dikkat \u00e7ekiyor.<\/p>\n Ju\u2019ya g\u00f6re long-term whales kendi aralar\u0131nda ve Bitcoin\u2019i uzun s\u00fcre tutmak isteyen kurumsal yat\u0131r\u0131mc\u0131lara sat\u0131\u015f yap\u0131yor.<\/p>\n Eski whale adresleri y\u0131l\u0131n ba\u015f\u0131nda yo\u011fun sat\u0131\u015f yapm\u0131\u015ft\u0131.<\/p>\n Yaln\u0131z ETF\u2019ler<\/a>, Strategy ve di\u011fer b\u00fcy\u00fck kurumsal al\u0131c\u0131lar piyasaya s\u00fcrekli likidite getirdi\u011fi i\u00e7in d\u00f6ng\u00fc tamamen de\u011fi\u015fti.<\/p>\n Ju, bu s\u00fcreci bir tepe sinyali olarak de\u011fil \u201ceski whales\u2019\u0131n piyasay\u0131 a\u015fa\u011f\u0131 \u00e7ekti.<\/p>\n Yeni kurumsal oyuncular\u0131n birikim yapt\u0131\u011f\u0131\u201d bir d\u00f6nem olarak tan\u0131ml\u0131yor.<\/p>\n \u00d6nceki piyasa d\u00f6ng\u00fclerinden temelde ayr\u0131l\u0131yor.<\/p>\n Piyasadaki sat\u0131\u015f bask\u0131s\u0131 devam ederken Hyper<\/a>, son haftalarda BTC\u2019den ayr\u0131\u015fan nadir projelerden biri oldu.<\/p>\n Proje hem Layer-2 altyap\u0131s\u0131 hem de artan topluluk ilgisi sayesinde \u00f6n sat\u0131\u015f\u0131na g\u00fc\u00e7l\u00fc talep \u00e7ekmeyi s\u00fcrd\u00fcr\u00fcyor.<\/p>\n \u00d6zellikle Bitcoin \u00fczerindeki y\u00fcksek i\u015flem maliyetlerinin s\u0131k\u00e7a g\u00fcndeme geldi\u011fi bu d\u00f6nemde.<\/p>\n HYPER\u2019\u0131n ekosistem i\u00e7indeki gas rol\u00fc, y\u00fckselen a\u011f etkinli\u011fiyle birlikte uzun vadede s\u00fcrd\u00fcr\u00fclebilir. Bu da talep yarataca\u011f\u0131 beklentisini g\u00fc\u00e7lendiriyor.<\/p>\n Mevcut d\u00fczeltme d\u00f6neminde dahi yat\u0131r\u0131mc\u0131 ilgisinin zay\u0131flamamas\u0131n\u0131n en \u00f6nemli nedenlerinden biri olarak \u00f6ne \u00e7\u0131k\u0131yor.<\/p>\n Bitcoin Hyper Hakk\u0131ndaki Geli\u015fmeleri \u0130ncele<\/a>\nShort-Term Holders Zarar\u0131na Sat\u0131\u015f Yap\u0131yor<\/h2>\n
LTH\u2019ler de Sat\u0131yor Ancak Bu Bo\u011fa Piyasas\u0131 \u0130\u00e7inde Normal<\/h2>\n
As\u0131l Sorun: A\u015f\u0131r\u0131 Kald\u0131ra\u00e7<\/h2>\n
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\u201cBu Bir Son D\u00f6ng\u00fc De\u011fil\u201d<\/h2>\n
Bitcoin Hyper: Kurumsal Bask\u0131ya Ra\u011fmen G\u00fc\u00e7l\u00fc Kalan Layer-2 Projesi<\/h2>\n