Bitcoin News
By Dan Saada
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Short-Term Holders in Panic Mode. In times of market volatility, short-term holders are typically the first to react.
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Increased Selling Activity from All Market Participants. Bitcoin’s struggles aren’t just limited to short-term holders; the market as a whole is showing…
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Rising Bitcoin Supply and Lower Demand. With increased selling pressure and the rising supply of Bitcoin, the cryptocurrency is under…
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What’s Next for Bitcoin?. Given the ongoing selling activity and rising supply, Bitcoin risks further downside in the near…
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Bitcoin’s price has taken a significant hit, losing over 6.88% in just 24 hours, with the cryptocurrency hitting a 5-month low of $74,000.
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In times of market volatility, short-term holders are typically the first to react. Their response is often to sell off their assets to cut losses, and this behavior is being…
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At the time of writing, the STH-SOPR dropped to 0.98, signaling that Bitcoin’s short-term holders are indeed in full capitulation mode.
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Bitcoin has experienced three consecutive days of positive exchange netflows, which means that more Bitcoin is flowing into exchanges than out.
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Large holders or whales have also joined in on the selling trend. Their netflow to exchange ratio spiked to 0.
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With increased selling pressure and the rising supply of Bitcoin, the cryptocurrency is under further strain. The stock-to-flow ratio has spiked from 35.2k BTC to 43.
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For a bullish reversal, Bitcoin needs to reclaim the psychological level around $80,000. If Bitcoin can regain this support level, it may signal a shift in market sentiment and…
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In conclusion, while Bitcoin’s recent price drop signals concern, it’s clear that the market will need to see a major shift in buying activity and investor confidence for the…
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