Main notes
- BTC is combined near 116 thousand dollars, with resistance at 116.2 thousand dollars and support at 108.5 thousand dollars.
- Miners’ flows to the stock exchanges reached $ 1.87 billion, which raised the risk of the offer side.
- The BTC network segmentation and difficulty has reached its highest level ever, which indicates flexibility.
Bitcoin (BTC) is trading in a narrowing range at $ 115,866, an increase of approximately 5 % last week. The original maintains an EMAS for 20 days and 50 days at $ 113,000 and $ 133,200, respectively.
Bitcoin vector analysts note that the market is pressing, with support from 108,500 dollars and resistance at 116,200 dollars. After recovering the level of 114,000 dollars, it will be determined above Future BTC path.
http://twitter.com/bitcoinvertor/status/1966541715982209318
Continuous interruption is required above 116,200 dollars to confirm the following leg higher. Until then, bitcoin is likely to combine it into its waste structure.
Mine flows hit standard levels
Data on the series from Cryptoquant offers Miners send bitcoin to exchanges in the achieved values. The scale of the “Vaccinated Version to Stock Exchanges” increased from $ 254 million on June 24 to the highest level ever at $ 1.87 billion on August 13.
The current level is still high at $ 1.54 billion, which represents the largest transfer of miners for exchanges in Bitcoin’s history.
A mine worker to exchange of achieved flows Source: Cryptoquant
This increase Two possibilities suggest That is, miners may be under pressure from the high costs and the difficulty of the network, which leads to surrender, or they may achieve strategic profits at high price levels.
Either way, mining flows raises the risk of resistance to the aspect of supply and potential fluctuations.
The power of the network is at its highest levels
Although miners transport coins to exchanges, the bitcoin itself appears Unprecedented. Retail rate hiking To a record of 1.12 billion/s on September 12, while mining was difficult for the highest level at 136.04t.
Expectations for Next modification On September 18, it indicates an increase of 6.38 % to 144.72t. As a result, BTC is still one Best encryption for purchase And long -term contract.
ETF flow of institutional fuel flows
Moreover, the investment funds circulated in Bitcoin Sot Emissiness in flowsWhich reached 642.35 million dollars on Friday alone, which prompted net cumulative flows to 56.83 billion dollars. The total of net assets at 153.18 billion dollars, or about 6.6 % of the bitcoin market.
FBTC’s FBTC offers $ 315.18 million in flows, followed by IBIT from Blackrock for $ 264.71 million. Trading folders via All bitcoin boxes are spot $ 3.89 billion.
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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Part, an encrypted journalist with more than 5 years of experience in this industry, with the main media in the world of encryption and financing, gathered experience and experience in space after survival in the bear markets and bull over the years. Part is also the author of the book 4 books published self.
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