Bitcoin Accumulation Intensifies on Major Exchanges
- Bitcoin is experiencing strong accumulation, with significant buying activity on Coinbase and Binance.
- Coinbase shows a net buying pressure of +$45 million per day since mid-April.
- Binance’s sell pressure decreased from -$71 million to -$9 million daily.
- A key support range has formed between $93,000 and $95,000.
- The Short-Term Holder Supply in Profit/Loss Ratio is above 9, indicating over 90% of STH supply is in profit.
Recent data indicates a robust Bitcoin accumulation phase, with Coinbase seeing intense net buying and Binance experiencing reduced sell pressure. The Short-Term Holder Supply in Profit/Loss Ratio remains high, suggesting continued bullish momentum.
Source (2.6)https://dailyhodl.com/2025/05/16/bitcoin-seeing-heavy-accumulation-on-coinbase-and-binance-says-analytics-firm-glassnode-heres-the-outlook/?rand=59076
