{"id":413937,"date":"2024-08-13T13:30:42","date_gmt":"2024-08-13T08:00:42","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=413937"},"modified":"2024-08-13T10:17:40","modified_gmt":"2024-08-13T04:47:40","slug":"marathon-digitals-250m-bitcoin-bet-heres-everything-to-know","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/marathon-digitals-250m-bitcoin-bet-heres-everything-to-know\/","title":{"rendered":"Marathon Digital&#8217;s $250M Bitcoin bet: Here&#8217;s everything to know!"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Marathon Digital announces an ambitious plan to further Bitcoin investment.<\/span><\/i><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><i><span style=\"font-weight: 400;\">Bitcoin supply reserve in all exchanges hits the lowest level since 2018.<\/span><\/i><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Marathon Digital, a leading <\/span><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> mining firm, plans to raise $250 million to buy more Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After purchasing $100 million worth in July, Marathon now holds 20,000 BTC. Recent data shows that large investors, known as whales, have been steadily increasing their BTC holdings over the past few months, signaling strong market confidence.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This institutional involvement has been evident in the steady rise of accumulation indicators which have been supported by different metrics including supply reserves.<\/span><\/p>\n<figure id=\"attachment_413941\" aria-describedby=\"caption-attachment-413941\" style=\"width: 1640px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P.jpeg\"><img decoding=\"async\" class=\"wp-image-413941 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P.jpeg\" alt=\"\" width=\"1640\" height=\"924\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P.jpeg 1640w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P-300x169.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P-1024x577.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P-768x433.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P-1536x865.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUxzUo7WAAAsg8P-1200x676.jpeg 1200w\" sizes=\"(max-width: 1640px) 100vw, 1640px\" \/><\/a><figcaption id=\"caption-attachment-413941\" class=\"wp-caption-text\">Source: CryptoQuant<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">BTC reserves on all exchanges have also dropped to their lowest level since 2018, with a significant decline observed since the start of this year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggests that institutions are steadily accumulating Bitcoin, likely because they anticipate a positive market trend.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Such a decline in available supply is a strong bullish signal, indicating growing investor confidence in Bitcoin\u2019s future.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For this reason, this is the time to consider a bullish stance on BTC as the market shifts.<\/span><\/p>\n<h2><b>Liquidation levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Over $15 billion in BTC short positions will be liquidated when the price hits $72K, according to Coinglass.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Significant liquidity lies between $70K and $72K, suggesting a market shift as big institutions accumulate BTC for long-term gains.<\/span><\/p>\n<figure id=\"attachment_413940\" aria-describedby=\"caption-attachment-413940\" style=\"width: 2322px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv.jpeg\"><img decoding=\"async\" class=\"wp-image-413940 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv.jpeg\" alt=\"\" width=\"2322\" height=\"1260\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv.jpeg 2322w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv-300x163.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv-1024x556.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv-768x417.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv-1536x833.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv-2048x1111.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUw3JjrXIAABgAv-1200x651.jpeg 1200w\" sizes=\"(max-width: 2322px) 100vw, 2322px\" \/><\/a><figcaption id=\"caption-attachment-413940\" class=\"wp-caption-text\">Source: Coinglass<\/figcaption><\/figure>\n<h2><b>Bitcoin opens another CME gap<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">This week, Bitcoin has created another CME gap, adding to the two big gaps it closed recently, with the latest close at $63K marking a local top.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A new gap now sits above the $61K price mark. While gaps don&#8217;t always close, they often do, signaling price rallies towards the gap.<\/span><\/p>\n<figure id=\"attachment_413939\" aria-describedby=\"caption-attachment-413939\" style=\"width: 1252px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7.jpeg\"><img decoding=\"async\" class=\"wp-image-413939 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7.jpeg\" alt=\"\" width=\"1252\" height=\"794\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7.jpeg 1252w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7-300x190.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7-1024x649.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7-768x487.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUx2UbCWsAA7Cv7-1200x761.jpeg 1200w\" sizes=\"(max-width: 1252px) 100vw, 1252px\" \/><\/a><figcaption id=\"caption-attachment-413939\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<h2><b>Bitcoin RSI on Fibonacci levels analysis<\/b><b><br \/>\n<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The AMBCrypto analysis team noted the 2-week Bitcoin RSI hit the cycle tops, but the 3-week RSI provided a clearer view of the market sentiment.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check out the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/profit\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">BTC Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">BTC&#8217;s RSI pattern now mirrors the 2016-2017 period when it aimed for new highs. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Unlike previous cycle peaks, this suggests that the March 2024 move was significant, but the belief is that\u00a0 the bull market could continue for over a year once institutions finish accumulating.<\/span><\/p>\n<figure id=\"attachment_413938\" aria-describedby=\"caption-attachment-413938\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-scaled.jpeg\"><img decoding=\"async\" class=\"wp-image-413938 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-scaled.jpeg\" alt=\"Bitcoin\" width=\"2560\" height=\"1607\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-scaled.jpeg 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-300x188.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-1024x643.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-768x482.jpeg 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-1536x964.jpeg 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-2048x1285.jpeg 2048w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/GUt0ARsW0AAmLos-1200x753.jpeg 1200w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-413938\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marathon Digital $250M Bitcoin fundraiser amid declining exchange reserves signals strong institutional accumulation and bullish momentum.<\/p>\n","protected":false},"author":98,"featured_media":413943,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[6427],"class_list":["post-413937","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Marathon Digital&#039;s $250M Bitcoin bet: Here&#039;s everything to know! 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