Wednesday, Bitcoin price He returned to the level of 93,000 dollars, as the upcoming market performance decreased before recovery more than 94,000 dollars after a few hours. Instead of provoking the emotional feelings among investors, the withdrawal appears to have done the opposite, as the BTC holders in the main encryption exchange shows optimistic behavior towards the main digital assets.
Bitcoin owners in the long run sell the activity that presses the brakes
Bitcoin may have shown a weak momentum, but it seems that the feelings between investors have turned towards a positive look. BTC holders In the largest encryption exchange, Binance began to stick to coins in anticipation of a continuous gathering.
Market expert in the series and the founder of Alphractor, Joao Wedson, I mentioned Binance Bitcoin holders have reduced the pressure pressure, providing a possibility of the last market pressure. “Months after BTC threw Binance, it seems that the veterans of the network are taking a break,” Wesmson stated.
This positive behavior is particularly monitored between the long -term BTC holders on the pioneering encryption exchange. BTC holders in the long runReduced pressure pressure is often a bullish development and is believed to be the basis for price stability. Although the price of BTC hovers near the main resistance levels, this reduced activity for sale from these investors on Binance indicates a high confidence in the prospects of upward assets.
Data from the sales flow process that has been spent on the scale Binance He explains that the old BTC is no longer sent to the exchange of encryption, unlike the past. It should be noted that the old BTC is classified as metal currencies purchased by investors over a period of 6 months, one year and 3 years.
At present, the expert highlighted that there are no clear signs Distribution or sale of pressure From experienced hands. According to the expert, these main investors in BTC distributed and sold their coins in 2024.
Purchase volume of a spot in a height
The increasing condemnation of investors towards BTC It is also reflected in the high volume of instant purchases over the size of the sale on Binance. After more than 6 months, this is the first time that the size of the stain purchasing process has exceeded the volume of sale in the exchange of encryption, which represents a noticeable shift in feelings.
Widson High Development of the accumulated DELTA DELTA (CVD) scale, which measures the difference between purchase and sale sizes over time. The data reveals that the cumulative size Delta scale has increased constantly since 75,000 dollars, indicating that the cumulative purchase pressure may exceed the pressure pressure.
Moreover, attention has long focused on CVD in Spot on Binance because it has maintained a steady downtling trend since 2021 and hardly maintained positive growth. Consequently, Widson stressed the importance of monitoring this decisive measure daily to measure the appetite of risk and Buy the interest on the exchange of binance.
Distinctive photo of Pixabay, Chart from TradingView.com
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