Record Bitcoin Streak: 13 Hours of Green Candles

user avatar

by Giorgi Kostiuk

2 years ago

Bitcoin recently achieved a significant milestone of 13 consecutive green hourly candles, marking the longest such period since early 2017.

Record Streak of Green Candles

Bitcoin, the largest cryptocurrency by market capitalization, recently recorded a streak of thirteen successive green hourly candles. This achievement signals renewed interest in the digital asset.

Experts' Opinions

Blockstream CEO Adam Back suggested that such an unusual trading pattern may indicate time-weighted average price (TWAP) buying. A large institutional investor or a major market maker might be accumulating bitcoin at the current price. Adam Back also noted that short-sellers closing their positions could have contributed to the rally. Some significant investors may have used the latest price fluctuations to increase their Bitcoin positions.

Maybe @saylor or someone institutional using the dip to build a position ahead of inauguration 10 days, tick tock.Adam Back

Reasons for Bitcoin's Decline

After the streak, Bitcoin followed a downward trend, losing almost 3% in the next three hours. This was influenced by favorable conditions in the US labor and services markets, reducing the likelihood of aggressive Fed rate cuts in 2025. This led to higher treasury yields and a stronger US Dollar, negatively impacting Bitcoin and other cryptocurrencies.

Market sentiment remains bearish due to a combination of macroeconomic factors. High levels of liquidations and US government plans to sell seized Bitcoins exert additional pressure on the market.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Morgan Stanley's Bitcoin Accumulation Boosts Market Confidence

chest

Morgan Stanley has been actively accumulating Bitcoin through the ETF route, amassing approximately 622 million worth of the cryptocurrency this month.

user avatarRajesh Kumar

Microsoft Opens Public Feedback for AI Code of Conduct

chest

Microsoft is inviting public feedback on its draft Code of Conduct for AI models until late October, aiming to refine guidelines before finalizing them for 2027.

user avatarLuis Flores

Microsoft AI Releases Draft Code of Conduct for AI Models

chest

Microsoft AI has published a draft Code of Conduct outlining the expected behavior and limitations of its AI models, inviting public feedback for six weeks.

user avatarMiguel Rodriguez

Clichmont's Infrastructure Plan: Control Through GPUs.

chest

Clichmont emphasizes the importance of energy and infrastructure in AI compute, stating that owning data centers is more strategic than renting GPUs.

user avatarArif Mukhtar

Clichmont's Unique Approach to AI Infrastructure

chest

Clichmont CEO Alexis Cathalifaud discusses the company's strategy of owning data centers rather than renting GPU capacity.

user avatarMaria Gutierrez

MEXC Launches Campaigns to Enhance Trading Experience

chest

MEXC launched three flagship campaigns in August 2026 to enhance trading participation, attracting over 174,000 registrations with a total prize pool of 1 million USDT.

user avatarDavid Robinson

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.