Bitcoin reaches technical resistance and analysts warn of possible decline

O The Bitcoin (BTC)once again attracted attention after reaching theR$75 thousandlast week, but the movement brought a warning to investors: large holders of the currency are moving their assets to brokers.CryptoQuantExchange deposits increased40% in JulyAn indication that possible sales may be on the horizon.

The platform's analysis, specialized in on-chain data, points out thatlarge whales (investors with large amounts of BTC)They usually deposit their coins with brokers when they seek to liquidate positions.This movement, called "inflow", is often associated with short-term selling pressure, especially after a prolonged bull cycle.

What does the data reveal about current movement?

The numbers show that while the price of Bitcoin approached important technical resistance such as the$75 thousandDeposits in exchanges such asBinance e CoinbaseThey fired. On July 12, for example, more than8,500 BTCthey were moved to exchanges in just 24 hours — a volume considered high by analysts.

According to CryptoQuant, when these deposits exceed60% of the average daily transaction volume“Investors are taking advantage of the rally to take profits, which could generate temporary selling pressure,” explained an unnamed analyst on the platform.

Brazil feels the impact: national exchanges register an increase in withdrawals

In Brazil, the phenomenon has also been observed.Bitcoin Market, one of the largest exchanges in the country, show thatBitcoin withdrawals increased by 25% in the first half of JulyMeanwhile, deposits rose30%, a sign that Brazilian investors are also preparing for possible exit moves.

The Finance Professor atThe Getulio Vargas Foundation (FGV), by Fernando Ulrich, comments that behavior in the Brazilian market reflects the global scenario. "When the price rises very quickly, it is natural for investors to seek to protect their gains. In Brazil, the investment culture in cryptocurrencies is even more emotional, so these movements can be even more intense," he stated.

Ulrich also highlighted that, despite the warning, the cryptocurrency market in Brazil remains resilient. "Bitcoin is still seen as a long-term store of value, especially in a country with high inflation and economic instability. Therefore, even with these movements, many investors maintain their positions", he added.

What are the risks for investors?

For those who are following the market closely, the main concern is the possibility of aPrice correctionHistorically, when large volumes of Bitcoin are deposited on exchanges after a rally, the price tends to retreat between10% and 20%In 2021, for example, a similar movement occurred before the fall in$69 thousand to $33 thousand.

Another risk factor is theMarket LiquidityIf many investors try to sell at the same time, the pressure could be even greater, leading to steeper declines. "The cryptocurrency market is volatile by nature, and events like this reinforce the importance of a risk management strategy," warned the market analystby Carolina PasqualottoFrom theXP investments.

What do experts recommend?

Given this scenario, experts consulted by the market have given some guidance to investors:

  • Don't panic:Corrections are part of the Bitcoin cycle, and historically, the asset recovers after sharp drops.
  • and Diversify:Maintaining a balanced portfolio, with assets other than Bitcoin, can reduce risks in times of high volatility.
  • Monitor of indicators:Tools likeFear & Greed Index, which measures market sentiment, can help identify moments of exaggeration (both in buying and selling).
  • Use Stop Loss Orders:For those who are already invested, setting self-selling limits can protect against sudden drops.

Conclusion: What to expect from now on?

Analysts like those at CryptoQuant highlight that the market could stabilize after this movement, especially if there are no other negative factors on the horizon, such as stricter regulations or macroeconomic crises.

For Brazilian investors, the tip is to remain calm and not make decisions based on emotions. "Bitcoin has already gone through several boom and bust cycles, and has always recovered.by Jose DaroncoFrom theB3 is.

Meanwhile, the market remains attentive. If selling pressure is confirmed, Bitcoin price could test important supports, such as$65 thousandOr even the$60 thousandOn the other hand, if demand remains strong, the asset could break the resistance of the$75 thousandLooking for new historical highs.

One thing is certain: the cryptocurrency market remains unpredictable, and only time will tell what the next move will be.