Skip to content
The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Este artÃculo también está disponible en estñol.
Although Bitcoin (BTC) is gaining remarkable traction during the past week – as it rose from about $ 85,000 on April 21 to nearly $ 95,000 today – the higher demand momentum in the cryptocurrency remains greatly respectable, indicating caution among investors.
The momentum of demand in Bitcoin continues in the negative area
According to QuickTake Cryptoquant recently mail By Crazzyblockk analyst, a 30 -day demand in Bitcoin is still firmly in negative lands. Currently, the demand momentum for 30 days is about -483,860 BTC, while the simple moving average for 30 days (SMA) for the same scale hovers near -310,700 BTC.
Related reading
To clarify, the application momentum is calculated for 30 days by launching the long -term offer for 30 days (LTH) from the short term display for 30 days (STH). This scale effectively measures the net transformation of active demand on BTC.
The short -term supply for long -term holders means that market participants are increasingly choosing to predict instead of bitcoin for a long time.
Trading in the negative area indicates a decline in demand from investors in the short term. This can be attributed to profits-especially after 10 % of BTC during the past seven days-or uncertainty in the remaining market amid global economic concerns, including renewable trade tariff tensions.
Moreover, the market is witnessing dynamic as long -term holders absorb less than BTC, which is distributed by short -term holders. According to Crazzyblockk, this behavior is commonly observed during the late cycle distribution stages or total level unification periods.
It should be noted that Bitcoin had previously witnessed deep negative contractions in the momentum, specifically during the mid -2011 and the second quarter of 2022. In both cases, these differences followed declines in sharp prices.
In an optimistic note, the recovery that followed in the market coincided with each of the cases with the market bottoms. It was also characterized by the resumption of momentum, sustainable ascension in the following months.
If Bitcoin managed to reflect this negative request and push the scale again to a positive area, it may indicate a strong return in the investor’s condemnation. It is possible that the return to the “Green Zone” in a renewed direction, which may push BTC to the highest new level (ATH) in the short term.
Positive signs of BTC
While the momentum of demand is still weak, other market signals indicate that bitcoin can approach the reflection of the direction. For example, the apparent demand for Bitcoin-a separate measurement on the chain-has shown a sharp refreshed, Hint When a possible return to buy pressure.
Related reading
In addition, the BTC Exchange reserves continue to decrease quickly. According to modern data, bitcoin only Record The highest size to withdraw on the stock exchange in two years. This constant drain of BTC, which controls the stock exchange, may support the width, which supports more bullish procedures for prices.
Technical indicators also indicate to possibility From BTC current ATH test of $ 108,786. At the time of the press, Bitcoin is trading at $ 94,773, an increase of 0.3 % over the past 24 hours.
A distinctive image created with UNSPLASH, plans from Cryptoquant and TradingView.com