Bitcoin Exchange Deposits Hit 2016 Lows – HODL Sentiment Grows As Selling Pressure Fades

Bitcoin is now preparing the theater for what can become a huge race. After more than 26 % increased since April 9, BTC is trading with higher firmness than 90 thousand dollars, and regains the morale of the main technical markets and market transportation. However, be careful. Global tensions, especially on the escalating trade conflict between the United States and China, and the total economic uncertainty is still broader in influencing investor confidence.

Despite these risks, the data on the series draws a convincing image. Axel Adler shares visions on X that shows a sharp decrease in the number of bitcoin addresses that are deposited for exchanges – a possible sign of lower pressure pressure. The moving average decreased for 30 days from an average of 365 days.

It is worth noting that the current level of the stock exchange addresses can now be similar to the addresses of December 2016, before the date of 2017 Bull Run. If these trends persist, Bitcoin may soon cut the discovery of prices, nourish them with long -term holders and renew institutional interests.

Bitcoin Decouous from stocks promoting Hodl feelings

Bitcoin offers signs of the total level of level as it begins to separate it from American stocks. While the S&P 500 and NASDAQ face continuous pressure due to the escalation of global tensions and the uncomfortable for the investor, BTC – as it had more than $ 94,000. This difference indicates a potential shift in market behavior, where bitcoin is increasingly seen as a hedge or alternative to traditional assets during uncertainty periods.

One of the main factors that support this difference is the increasing condemnation of long -term holders. according to Adler visionsThe number of bitcoin addresses that deal with metal currencies steadily decreased since 2022. The moving average has decreased for 30 days to 52000 titles, much lower than the 365 days of 71000. Historically, this number hovers closer to 92000, making the current level one of the lowest rates in the past decade.

The most surprising thing is that today’s numbers are similar to those that were last seen in December 2016, immediately before Run Bull -Bulles 2017. This decrease in the exchange activity indicates that investors keep it, not selling it – a trend that reduced currency sales by four ages over the past three years. With the pressure of pressure on the pressure and condemnation of the investor, Bitcoin may lay the basis for a strong new gathering.

The price movement indicates strength with the main levels on the horizon

Bitcoin is currently trading at 92,300 dollars after the publication of a strong weekly candle that has been paid shortly to the level of $ 95,000. The bulls have dominated the momentum in the short term, and the mark of $ 95,000 now remains a major resistance level. The decisive collapse over it may lead to a rapid move towards a long -awaited $ 100,000 teacher, especially if the purchase of pressure is accelerating amid favorable macro signals.

However, analysts also indicate that a health decline may occur before any significant outbreak. The withdrawal can provide stronger technical support for the next men, especially if Bitcoin maintains its location higher than the 200 -day moving average and the main demand areas.

The level of 88,500 dollars is especially important in this context. Constipation over this area will indicate a short -term force and the continued bullish control, even if there is a standardization stage. On the other hand, falling below can delay the upward trend and achieve deeper support to test.

Overall, the current BTC structure prefers bulls. But as global tensions continue to be total economic uncertainty in forming market behavior, traders closely monitor to see if Bitcoin can build on its recent gains and transfer 95 thousand dollars to support.

Distinctive image from Dall-E, the tradingView graph

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