Reason to trust
Strict editorial policy which focuses on precision, relevance and impartiality
Created by industry experts and meticulously revised
The highest standards in the declaration and publishing
Strict editorial policy which focuses on precision, relevance and impartiality
Leo football price and a little soft players. Each Arcu Lorem, ultimate all children or, Ultlamcorper football hates.
Despite Bitcoin (BTC) which obtained a notable traction in last week – from around $ 85,000 on April 21 to almost $ 95,000 today – the momentum of the cryptocurrency demand remains considerably moderate, signaling caution between investors.
Bitcoin demand dynamics continue to be in a negative area
According to a recent crypto quicktake job By analyst Crazzyblockk, the momentum at the request of Bitcoin of 30 days is always firmly in negative territory. Currently, the 30 -day demand dynamics are around -483,860 BTC, while the simple 30 -day (SMA) average (SMA) of the same metric oscillates almost -310,700 BTC.
Related reading
To clarify, the dynamics of the 30 -day request is calculated by subtracting the long -term holder offer of 30 days (LTH) from the short -term holder offer of 30 days (STH). This metric effectively measures the net discrepancy of active BTC demand.
An increase in the short -term holder supply compared to long -term holders implies that market players are choosing more and more to speculate rather than maintaining long -term bitcoin.
Exchanges in the negative area suggest the demand for the demand for short -term investors. This could be attributed to the benefit – in particular after the recent gathering of 10% of the BTC in the last seven days – or the uncertainty of the persistent market in the midst of world economic concerns, in particular renewed commercial tariff tensions.
In addition, the market is experiencing a dynamic where long -term holders absorb less BTC than that short -term holders distribute. According to Crazzyblockk, such behavior is commonly observed during late cycle distribution phases or macro consolidation periods.
It should be noted that Bitcoin has already experienced deep negative differences similar in the dynamics of demand, in particular in mid-2010 and second quarter of 2022. In both cases, these differences were followed by net price withdrawals.
On an optimistic note, the resumption of the market which followed in both cases coincided with the stockings of the market. They also marked the resumption of sustainable bullish momentum in the following months.
If Bitcoin can reverse this negative trend of demand and push the metric in a positive territory, this could point out a strong resurgence of the conviction of investors. A return to the “green zone” would probably mark a renewed rise trend, potentially pushing the BTC to a new summit of all time (ATH) in the short term.
Positive signs emerging for BTC
Although the dynamics of demand remain low, other market signals suggest that Bitcoin could approach a trend reversal. For example, the apparent Bitcoin demand – a distinct chain metric – recently showed a brutal rebound, stop to a possible return of purchase pressure.
Related reading
In addition, BTC exchange reserves continue to drop quickly. According to recent data, Bitcoin recorded Its highest exchange of exchange in two years. This continuous BTC exhaustion run by exchanges could lead to a compression of the offer, supporting the action of bull prices more.
Technical indicators also point to possibility BTC testing its current ATH of $ 108,786. At the time of the press, Bitcoin is negotiated at $ 94,773, up 0.3% in the last 24 hours.
Star image created with UNCLASH, cryptocurrency graphics and tradingView.com
