The recent market turmoil has left the Bitcoin price and AVAX in red zones after the Avalanche price fell below critical levels and the BTC ETF suffered massive outflow. While investors are stunned to witness the developing bearish sentiment in the market, IntelMarkets is providing them a safe haven to secure their capital and take shelter in its ongoing $9 million presale rush.
Massive $251 Million Outflow in Bitcoin ETF Plunges Bitcoin Price
As of February 13, the Spot Bitcoin ETF saw a massive $251 million outflow, as reported by Crypto Rover on X. This event directly impacted the Bitcoin price and brought a shift in investor sentiment towards BTC. Analysts are seeing this event as alarming for the entire crypto market. At the time of the outflow, the Bitcoin price was recorded at $95,200, with a 2.5% drop.
This short-term bearish trend dragged the Bitcoin price down from the previous day’s close of $96,350. The outflow was accompanied by a trading volume of 23,500 BTC on major exchanges, which indicated high network activity and potential Bitcoin price volatility. This event coincided with a decrease in the overall cryptocurrency market cap by 1.8%.
Avalanche Price Could Drop Below $20: AVAX Under Pressure
As CCN analysis forecasted some weeks ago, the Avalanche price has dropped below the $30 mark. This happened after AVAX lost 28.70% of its value within the last month. Several factors, including a lack of demand and intense selling pressure, have contributed to the AVAX plunge. Trading at $25 right now, the Avalanche price could dip further amid the Bitcoin price shake-up.
The daily chart shows AVAX surged above $50 in December due to strong buying pressure at the $27 demand zone. This was the same level that fueled its rally to $60 in March of last year. However, the Avalanche price has now fallen below this critical level, which indicates weakness in its price action.
Based on the technical indicators for the fluctuating Avalanche price, the Money Flow Index (MFI) reading has dropped below the 50.00 neutral line, implying that AVAX lacks a massive influx of liquidity.
IntelMarkets Soars Amid Tier-1 Altcoin Plunge: Hits $9M Milestone
The AI-powered platform IntelMarkets has skyrocketed in value after raising over $9 million in its ongoing presale collection, while the crypto giant Bitcoin is facing massive outflows in its spot ETFs. Reportedly, the Bitcoin price plunge has caused widespread damage to the overall crypto market cap, while IntelMarkets presale is only going up and gaining investor confidence.
IntelMarkets is diverting the recent market downturn to its AI-powered native blockchain platform that offers a set of mind-blowing AI features and premium trading tools that provide traders an edge over the bearish market conditions. Investors are adding IntelMarkets’ $0.08 altcoin to their portfolios to maintain a bullish balance during the vast market turmoil.
Avalanche Price Dilemma Launches IntelMarkets to New Highs
While the Bitcoin price could fall further if it fails to overcome the next support zone, the Avalanche price is losing investor confidence, too. The majority of AVAX holders have been observed by analysts offloading their assets to add more IntelMarkets and other AI-powered projects to their portfolio to gain or possibly sustain while the market condition recovers.
As AVAX and Bitcoin ETF outflow isn’t giving good vibes about how the near term will look for the crypto market, IntelMarkets offers a secure and reliable AI-powered that lets traders automate their trading strategies and let the AI technology make money for them while they take their time to comprehend the shifting market conditions and market volatility.
Discover More About IntelMarkets:
Presale: https://intelmarkets.io/
Buy Presale: https://buy.intelmarkets.io/
Telegram: https://t.me/IntelMarketsOfficial
Twitter: https://x.com/intel_markets
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