Bitcoin Hits $96K Surges to Sell Ceiling
Bitcoin’s rise to $96K faces resistance, with @glassnode noting dependency on derivatives and liquidity over spot accumulation. Long-term holders remain net sellers. #Update #Crypto $BTC
Bitcoin’s rise to $96K faces resistance, with @glassnode noting dependency on derivatives and liquidity over spot accumulation. Long-term holders remain net sellers. #Update #Crypto $BTC
Long-term Bitcoin holders are reducing selling pressure, with net outflows from holder addresses decreasing, signaling potential market stabilization. The STH-SOPR indicator shows signs of a trend reversal pending confirmation. #Update #Crypto $BTC
Bitcoin expert Plan C suggests the $BTC top isn’t in, citing ISM PMI below 50; BTC struggles near $90,000. Recovery needs a sustained reclaim above $99,100. #Update #Crypto $BTC
Standard Chartered predicts $XRP could surge to $8 by 2026, a 330% increase, driven by regulatory clarity and institutional adoption through ETFs. #Update #Crypto $XRP
Bitcoin has historically spent little time in the $70,000 to $80,000 range, indicating weaker support; recent trading data suggests potential consolidation needed if corrections occur. #Update #Crypto $BTC
On-chain analytics platform @glassnode reports 6.7M $BTC, or 23.7% of supply, is at a loss as price remains below $90K. #Update #Crypto $BTC
Bitcoin ($BTC) has rebounded to $90,378.26, up 15% from a low of $80,000, finding support at key metrics including the True Market Mean and U.S. spot ETF cost basis. #Update #Crypto $BTC
Bitcoin’s price drop below $90,000 has led to realized losses reaching 2022 levels, with entities losing $555M daily. Liquidity and demand remain weak. #Update #Crypto $BTC
Bitcoin’s long-term holder supply hit a cyclical low on Nov. 21, coinciding with a price drop to $80,000; now at $90,000, sell pressure appears to be easing. #Update #Crypto $BTC
Bitcoin faces mounting on-chain stress, with over 25% of BTC supply underwater and total supply in loss reaching 7.1 million BTC, echoing early 2022 bear market conditions. #Update #Crypto $BTC
Bitcoin currently trades at $90,000, 32% below the power law model’s value of $118,000, marking the largest deviation since August 2024. #Update #Crypto $BTC
Glassnode warns that Bitcoin’s market structure resembles the 2022 bear market start, indicating potential caution for investors. #Update #Crypto $BTC
Bitcoin $BTC is up slightly at $102,082.53, as whales continue to distribute holdings, exerting downward pressure on prices; smaller wallets are in accumulation mode. #Update #Crypto $BTC
Bitcoin’s price remains stable at $106,800 after a 3.41% weekly loss, with short-term holders underwater. Historical data suggests potential bullish rebound opportunities. #Update #Crypto $BTC