cryptd.in

LinkedIn Alternatif untuk Talenta yang Ramah Kripto

Analyst: Low Bitcoin Flow to Exchanges Points to High Market Confidence

-

oleh

cryptd.in
di

Bitcoin’s most recent rally has sparked investor conviction rather than the sort of panic selling seen in previous bull cycles.

Key on-chain metrics show a surprising trend: major holders aren’t moving their crypto to exchanges despite prices hovering just below all-time highs.

The Confidence Signal

According to a July 23 pos by CryptoQuant analyst Arab Chain, the Bitcoin Flow Pulse (BFP) indicator shows an unusually low volume of BTC heading to exchanges, even after the cryptocurrency hit a record $123,091, per CoinMarketCap, indicating a strong belief in the sustainability of the uptrend.

Historically, spikes in BTC flowing into exchanges were usually signs of the intent to sell, increasing readily available supply, and often foreshadowing price drops. Arab Chain interpreted the absence of such a spike now as a bullish signal of strong hands holding firm.

Bitcoin’s price journey reflects this tug-of-war between confidence and caution. While the asset is up 16.2% over the past month and 8.9% in two weeks, it has entered a consolidation phase since hitting its ATH nine days ago. Data from CoinGecko shows it was trading between $118,042 and $120,222 in the last 24 hours, but is facing resistance near $123,000.

Furthermore, technical analysis from CryptoVizArt suggests there is potential for a deeper correction towards the $107,000 to $111,000 Fibonacci support zone if key near-term levels around $113,000 to $116,000 fail to hold.

Whales Accumulate, Outlook Uncertain

Elsewhere, CryptoQuant also revealed there has been an uptick in retail selling pressure, specifically on Binance. Inflows from smaller traders have jumped significantly on the exchange, and Net Taker Volume has turned negative, probably showing bearish sentiment among this cohort.

Meanwhile, deep-pocketed investors are hoovering up everything in the market. On-chain data shows that $200 million in BTC was withdrawn from exchanges yesterday, suggesting the heavy hitters are capitalizing on the aforementioned retail fear.

The divergence between the activities of these two classes echoes patterns seen earlier this year, when the flagship cryptocurrency rose from $78,000 to $111,000 within a few weeks.

The market is now balanced on a knife-edge. While the low exchange inflows indicated by the BFP hint at strong high-conviction holding, profit-taking in some quarters and persistent retail selling have also introduced near-term headwinds that will need to be accounted for.

Pos Analyst: Low Bitcoin Flow to Exchanges Points to High Market Confidence muncul pertama kali di CryptoPotato.

Komentar

Tinggalkan Balasan

Alamat email Anda tidak akan dipublikasikan. Ruas yang wajib ditandai *

Umpan Terbaru

Kategori Populer

id_ID Bahasa Indonesia
id_ID Bahasa Indonesia en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Cari di situs web

Cerita Populer

Tags

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenPemilihan (1) #BinanceVsCoinbase (1) #Bitcoin (383) #BitcoinETF (3) #BitcoinFundamental (1) Penanganan #Bitcoin (1) #BitcoinHarga (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Token (1) Akuisisi #BTC (1) #BullishPrediksi (1) #BullishSentimen (1) #ChineseMining (1) Ulasan #CPIP (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoKetidakpastian (1) #DerivativeJump (1) #Dogecoin (69) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) #ElSalvadorBitcoin (1) #Ethereum (64) #EthereumPain (1) Harga #Ethereum (1) #Pendapat Ahli (1) #FedRateCut (1) #FiatCurrency (1) #Dampak Finansial (1) #KerahasiaanKeuangan (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5Dana Terlarang (1) #InflasiData (1) #Investasi (1) 1TP5Kerugian Investasi (1) #JapaneseFirm (1) #LegalAction (1) #Dampak Hukum (1) #Legislasi (1) #LightningNetwork (1) Analisis Pasar #M (3) #Memantau Pasar (1) Prediksi Pasar #M (1) Prediksi Pasar #M (1) Proyeksi Pasar #M (1) #MarketSupport (1) #MVolatilitas Pasar (1) #Menikah (1) #MemeCoin (5) #MemeCoins (2) #MinerProfitabilitas (1) #M Pencucian Uang (2) #MtGox (3) #NorthKoreaCrypto (1) #NovogratzPrediksi (1) #PriceMilestone (1) #PrediksiHarga (2) #Pertanyaan Harga (1) #PriceSurge (1) #PenjaraHukuman (1) #QuantAnalysis (1) #ekanan Regulasi (1) #SECAntiCrypto (1) #ShibaInu (5) #SocialBuzz (1) 1TP5Analisis Teknis (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCrypto (1) #UpsidePotential (1) #USCongress (1) #WyomingLand (1) #XRPPrice (1) #XRPupswing (1)

Tautan Berguna

Tautan yang menurut saya berguna dan ingin saya bagikan.