Bitcoin LTH Selling Pressure Builds: 6–12M Coins Keep Flowing Onto The Market
Bitcoin is under renewed selling pressure as fear begins to creep back into the market. After weeks of high volatility, analysts warn that BTC could drop below the $110K support level in the coming sessions if current dynamics persist. Such a move would mark a critical shift in sentiment, as bullish momentum has clearly weakened in recent days. Related Reading: Bitcoin Net Liquidations Stay Negative Near $40M: Analyst Warns Downside Still In Play Despite this, more optimistic voices argue that Bitcoin remains resilient at current levels. They believe the market could stabilize and reclaim....
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In the ongoing discussion about Bitcoin price volatility, one theory for a rapidly falling Bitcoin price is the fact that so many coins are mined every day. Currently, Bitcoin miners produce 3600 coins daily. These miners must pay bills, such as rent and electricity, which cannot presently be paid for with Bitcoin. Therefore, large portions of Bitcoin mining profit must be converted to fiat in order to pay expenses and keep Bitcoin mining operations afloat. This constant selling creates a baseline of downward pressure on the Bitcoin price; in order for the price to remain stable, demand....
On-chain analysis shows Bitcoin miner reserves seem to be closing in on the ATH seen in May, as the BTC bull rally continues. Bitcoin Miner Reserves Reach Close To May ATH Levels As pointed out by a CryptoQuant post, the BTC miner reserves seem to be on the rise, and look to be close to the levels seen during the 9 May all-time-high (ATH). The BTC miner reserves is an indicator that shows how many coins miners are holding in their wallets. More the value of this metric, less the selling pressure for miners in the market. Related Reading | S2F Creator Beckons Beginning Of Second Leg Of....
The history of the Bitcoin netflow indictor may suggest that the current market is ready for the next major price swing up as the crypto makes a new ATH. Bitcoin Netflow Has Historically Approached Zero Before Major Price Upswings As explained by an analyst in a CryptoQuant post, there seems to be a relationship between BTC netflows and price swings upward. The Bitcoin netflow indictor is defined as the difference between the inflows and the outflows, and it shows the net amount of the crypto entering or exiting centralized exchanges. When the metric takes on negative values, it means....
Bitcoin is trading above the $95,000 level as bullish momentum builds and the market looks poised for a potential breakout. After weeks of strong price action, bulls are now aiming to reclaim the $100,000 mark, a key psychological and technical milestone that could trigger further upside. Analysts are increasingly optimistic as selling pressure fades and […]
The head of research at the on-chain analytics firm CryptoQuant has explained why selling pressure from Bitcoin traders may be declining. Bitcoin Short-Term Holder Realized Price Has Risen To $60,000 In a new post on X, CryptoQuant head of research Julio Moreno has discussed why the short-term holder selling pressure may be declining for BTC. The “short-term holders” (STHs) refer to the Bitcoin investors who have been holding onto their coins since less than 155 days ago. Related Reading: Bitcoin Miners Always Sell Into Halvings, Is This Time Any Different? The STHs include the....