Bitcoin News
By Pankaj K
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Bitcoin (BTC) continues to capture headlines as it pushes into uncharted territory, recently logging its highest-ever daily and weekly closes.
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This surge is not entirely unexpected. According to on-chain and exchange data, the price rally was fueled by strong accumulation activity throughout early May.
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The accumulation wasn’t limited to just trading platforms. Both on-chain and off-chain data pointed to rising confidence among market participants.
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Despite the bullish sentiment, some caution still lingers—especially among large investors. The 180-day Open Interest Delta, a key metric that tracks market participation over…
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Further supporting Bitcoin’s recent surge is the Cost Basis Distribution Heatmap, which offers insight into where BTC has changed hands on-chain.
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Another notable metric, the Realized Price for Short-Term Holders, sits at $94,200. This price reflects the average cost basis for those who have held Bitcoin for less than 155…
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However, the market is not without short-term risks.
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A closer look at the Bitcoin Liquidation Heatmap reveals a high concentration of liquidation levels in the $106.6K range.
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Still, overall market sentiment remains largely bullish. The achievement of record daily and weekly closes is not just a technical milestone—it also signals confidence in…
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For now, traders and analysts alike are watching closely. If Bitcoin can maintain its footing above the $100,000 level and bounce from any potential dip, a new breakout could be…
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