๐ Bitcoin Inches Up to $118,570 | ๐
The world's largest crypto asset, Bitcoin (BTC), is now trading at $118,570, a modest +0.3% gain in 24 hours, following a recent pullback from its all-time high.
๐ Futures Market Signals Cooling Trend | ๐ฌ๏ธ
According to ShayanMarketsโ analysis on CryptoQuantโs QuickTake, BTCโs futures market activity is cooling, suggesting a healthier trend compared to the speculative frenzy at $70Kโ$90K.
๐ฅ Red Zones Show Past Overheating | ๐งฏ
Previous market rallies displayed "heating and overheating phases", highlighted by red clusters in volume bubble chartsโindicative of excessive leverage and eventual price corrections.
๐ข Green & Grey Bubbles Indicate Calm | ๐ซ๏ธ
Todayโs chart shows mostly neutral or cooling activity, represented by green and grey bubbles, even as BTC trades near its ATHโhinting at market stability.
๐ง Leverage Reset = Smart De-Risking | ๐
ShayanMarkets explains that traders are de-risking, shifting from speculative bets to organic demand. The analyst notes this cooling period might set the stage for a sustainable rally.
๐ Price Surge Still Possible | ๐
Despite the cooling, the reset in leverage could fuel another leg up, potentially pushing BTC beyond its $123K ATH, as speculation fades and real buyers step in.
๐ณ Whales Quietly Sell into Strength | ๐
CryptoQuant contributor CoinCare reveals that whalesโinvestors holding BTC for over 10 yearsโare selling. Many bought BTC around $100 in 2013, now cashing out at enormous profits.
๐ฐ 117,900% Gains for Early Holders | โณ
Those early adopters have seen mind-blowing returns. A BTC bought for $100 now equals over $118,000โsome are simply taking profits, which is normal in mature market phases.
๐ Profit-Taking โ Bearish Signal | โ ๏ธ
While long-term holders are selling, this does not necessarily indicate bearish sentiment. It may reflect natural profit realization after a decade of holding.
๐งฉ Macro Factors Still in Play | ๐๏ธ
Keep an eye on broader factors like the White House Digital Asset Framework and upcoming FOMC decisions, which could influence future crypto price action.
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