Spot Bitcoin ETFs now hold 1.29M #BTC.
That is 6.5% of circulating supply, accumulated steadily since launch. +51,612 BTC added in the last 30 days alone.
That is 6.5% of circulating supply, accumulated steadily since launch. +51,612 BTC added in the last 30 days alone.
For the first time since the ATH, short-term holders have positions that are meaningfully in profit.
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OG activity has intensified during this consolidation phase.
The 90-day moving average of spent UTXOs (STXO) from holders who have held BTC for more than 5 years just climbed to 1,500 BTC.
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Price was higher a month later on all 6 of those occasions. The historical record here is small but perfect.
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Currently at $79,600, it keeps preventing Bitcoin from moving up.
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Digital Chartist
#NEARUSDT 1D #NEAR is trading within a falling wedge on the daily timeframe, and the structure looks promising. Consider scaling into a spot position at the current price and near the support zone. In case of a breakout above the daily SMA100 and the wedgeβ¦
#NEARUSDT 1D Update
21.17% profit so far.
π― $2.055β
π― $2.201β
π― $2.346β
π― $2.553βοΈ Loading...
π― $2.817
21.17% profit so far.
π― $2.055
π― $2.201
π― $2.346
π― $2.553
π― $2.817
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Digital Chartist
#ARBUSDT 1D #ARB is moving inside a falling wedge pattern on the daily chart. In case of a breakout above the wedge resistance and the Ichimoku cloud, the potential upside targets are: π― $0.1079 π― $0.1296 π― $0.1472 π― $0.1647 π― $0.1896 π― $0.2214 β οΈ Alwaysβ¦
#ARBUSDT 1D Update
π― $0.1079β
π― $0.1296β
π― $0.1472β
π― $0.1647β
π― $0.1896β
π― $0.2214βοΈ Loading...
π― $0.1079
π― $0.1296
π― $0.1472
π― $0.1647
π― $0.1896
π― $0.2214
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The on-chain setup is starting to mirror the capitulation phase that preceded the 2022 reversal. STH MVRV flushed deep into the negative zone and SOPR dropped below 1.
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Recent buyers are now sitting on an average 12.5% unrealised profit. The cost basis of new capital is moving higher again.
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This is a net buying pressure calculated in dollars and cumulated over 365 days. Itβs the difference between spot buy volume and sell volume across major exchanges.
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In just 24 hours, as #BTC came to retest its May high of around $82 000, open interest jumped by nearly 8%.
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Digital Chartist
#FILUSDT 1D #FIL is on the verge of breaking out above the 100-day SMA and the wedge resistance on the daily timeframe. Keep a close eye on it. In case of a confirmed breakout, the potential upside targets are: π― $0.8779 π― $0.9561 π― $1.0342 π― $1.1454 π― $1.2870β¦
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Digital Chartist
#PROVEUSDT 1D #PROVE is trading within a falling wedge pattern on the daily timeframe. Both the RSI and MACD are showing signs of potential bullish momentum. A confirmed breakout above the wedge resistance could trigger a move toward the following upsideβ¦
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