Bitcoin prices are consolidating around the $77,000 mark, following a net 2.12% in the last week. The maiden cryptocurrency has registered significant positive traction in April, rising from around $67,000 to its current price level in the last three weeks. However, on-chain data indicates Bitcoin is yet to encounter the major resistance levels that could…
View More Bitcoin Stalls At $77K As Major On-Chain Resistance Kicks In – DetailsBitcoin’s long-term holder supply change has moved back into positive territory over the past 30 days, as the coin reclaims the $71,000 level today. The data point is getting attention because only 29% of long-term holder supply is now sitting in loss, still well below the 44% to 53% levels seen at major cycle bottoms…
View More Bitcoin Long-Term Holder Supply Turns Positive As Price Climbs Past $71,000
Seventeen of the top 25 largest Bitcoin ETF holders added to their positions while ordinary investors were selling. That split tells a story that goes beyond a single month of on-chain data. Smart Money Moves Against The Crowd Bitcoin exchange-traded funds pulled in $1.5 billion over five trading sessions, capping the stretch with a single-day…
View More Long-Term Bitcoin Holders Buy $14 Billion In BTC As Retail Headed For The Exit