Short term holder supply just hit its lowest level since 2016.
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Over the past 30 days, long-term holders have significantly increased their purchases of #BTC. They now hold approximately 16.3 million π° BTC.
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#GMXUSDT 1D
#GMX is testing both the descending trendline resistance and the 200-day SMA on the daily timeframe. A confirmed breakout above these key resistance levels could trigger a bullish move toward the following upside targets:
π― $7.37
π― $8.01
π― $8.65
π― $9.56
π― $10.72
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#GMX is testing both the descending trendline resistance and the 200-day SMA on the daily timeframe. A confirmed breakout above these key resistance levels could trigger a bullish move toward the following upside targets:
π― $7.37
π― $8.01
π― $8.65
π― $9.56
π― $10.72
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#ONDOUSDT 1D
#ONDO is trading within a bullish flag pattern on the daily timeframe. The price remains above the 50-day SMA and the flag's midline, indicating continued bullish momentum. A confirmed breakout above the flag resistance could lead to the following upside targets:
π― $0.3920
π― $0.4226
π― $0.4662
π― $0.5217
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#ONDO is trading within a bullish flag pattern on the daily timeframe. The price remains above the 50-day SMA and the flag's midline, indicating continued bullish momentum. A confirmed breakout above the flag resistance could lead to the following upside targets:
π― $0.3920
π― $0.4226
π― $0.4662
π― $0.5217
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#YBUSDT 1D
#YB has broken above the falling wedge resistance and the 50-day SMA on the daily timeframe. However, it is now approaching the Ichimoku Cloud, which remains a key resistance zone. A confirmed breakout above the cloud could pave the way for the following upside targets:
π― $0.1097
π― $0.1361
π― $0.1574
π― $0.1788
π― $0.2091
π― $0.2478
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#YB has broken above the falling wedge resistance and the 50-day SMA on the daily timeframe. However, it is now approaching the Ichimoku Cloud, which remains a key resistance zone. A confirmed breakout above the cloud could pave the way for the following upside targets:
π― $0.1097
π― $0.1361
π― $0.1574
π― $0.1788
π― $0.2091
π― $0.2478
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
Selling in the spot market is driving the decline. And most of the selling occurred from retail investors.
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Digital Chartist
#PUMPUSDT 1D #PUMP is moving inside a falling wedge pattern on the daily chart. It has bounced off the wedge support and looks interesting. In case of a breakout above the wedge resistance, the potential upside targets are: π― $0.001667 π― $0.001955 π― $0.002188β¦
#PUMPUSDT 1D Update
π― $0.001667β
π― $0.001955β
π― $0.002188
π― $0.002420
π― $0.002752
π― $0.003174
π― $0.001667
π― $0.001955
π― $0.002188
π― $0.002420
π― $0.002752
π― $0.003174
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Glassnode: The STH Cost Basis Distribution heatmap indicates a fresh wave of supply shifting to new buyers in the $62k-$65k range during the rally from $57k.
This situation presents a double-edged structure: while aggressive buying could establish a cost basis floor to support a further test of $66k and above, the concentration of accumulation towards the end of the rally raises the risk of a local top formation if the price fails to convincingly breach $66k.
The $66k level serves as the near-term arbiter between these two scenarios.
This situation presents a double-edged structure: while aggressive buying could establish a cost basis floor to support a further test of $66k and above, the concentration of accumulation towards the end of the rally raises the risk of a local top formation if the price fails to convincingly breach $66k.
The $66k level serves as the near-term arbiter between these two scenarios.
Bitcoin Whales Accumulate 66,700 π° #BTC as 100~1K BTC Holders Post Their Strongest Distribution in Months
Historically, sustained accumulation by larger holders can reduce the amount of immediately available supply, particularly when it occurs during periods of aggressive distribution from smaller cohorts.
Historically, sustained accumulation by larger holders can reduce the amount of immediately available supply, particularly when it occurs during periods of aggressive distribution from smaller cohorts.
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#PEPEUSDT 1D
#PEPE is trading within a falling wedge pattern on the daily timeframe. The price is currently holding above the 50-day SMA, which supports the bullish outlook. A confirmed breakout above the wedge resistance could trigger a move toward the following upside targets:
π― $0.00000347
π― $0.00000418
π― $0.00000475
π― $0.00000533
π― $0.00000614
π― $0.00000718
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
#PEPE is trading within a falling wedge pattern on the daily timeframe. The price is currently holding above the 50-day SMA, which supports the bullish outlook. A confirmed breakout above the wedge resistance could trigger a move toward the following upside targets:
π― $0.00000347
π― $0.00000418
π― $0.00000475
π― $0.00000533
π― $0.00000614
π― $0.00000718
β οΈ Always remember to use a tight stop-loss and maintain proper risk management.
Digital Chartist
#TOWNSUSDT 1D #TOWNS has seen a significant volume spike and appears to be preparing for a breakout above the long-term descending resistance and the daily SMA50. If the breakout is confirmed, the potential upside targets are: π― $0.00246 π― $0.00308 π― $0.00382β¦
#TOWNSUSDT 1D Update
#TOWNS has broken above the descending resistance trendline and the 50-day SMA on the daily timeframe. The first target has already been reached, delivering a 14.5% gain so far.
π― $0.00246β
π― $0.00308
π― $0.00382
π― $0.00443
π― $0.00503
π― $0.00589
π― $0.00698
#TOWNS has broken above the descending resistance trendline and the 50-day SMA on the daily timeframe. The first target has already been reached, delivering a 14.5% gain so far.
π― $0.00246
π― $0.00308
π― $0.00382
π― $0.00443
π― $0.00503
π― $0.00589
π― $0.00698
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#BTC is consolidating near $65K, supported by strong profitability and stable derivatives. Rising hot capital and sell-side pressure, however, leave the market increasingly sensitive to volatility.
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Most new π° BTC on exchanges is sold at a loss.
About 2/3 of the Bitcoin currently flowing onto exchanges belongs to long-term investors who are realizing losses when selling their coins.
About 2/3 of the Bitcoin currently flowing onto exchanges belongs to long-term investors who are realizing losses when selling their coins.
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A negative Momentum Whale Inflow Ratio signals a decrease in selling pressure, resulting in less downward bearish sentiment on the price of Bitcoin. This could contribute to a short-term recovery.
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#LTCUSDT 1D
#LTC is trading within a falling wedge pattern on the daily timeframe. Consider accumulating a small position at the current level and adding near key support zones. A confirmed breakout above the wedge resistance could drive the price toward the following upside targets:
π― $51.52
π― $58.07
π― $63.37
π― $68.67
π― $76.21
π― $85.82
β οΈ Always use a tight stop-loss and apply proper risk management.
#LTC is trading within a falling wedge pattern on the daily timeframe. Consider accumulating a small position at the current level and adding near key support zones. A confirmed breakout above the wedge resistance could drive the price toward the following upside targets:
π― $51.52
π― $58.07
π― $63.37
π― $68.67
π― $76.21
π― $85.82
β οΈ Always use a tight stop-loss and apply proper risk management.