Bitcoin is showing historical highs, but rather than prompting massive profit-taking, this momentum seems to encourage buying. Recent analyses reveal that spot buyers still dominate the order books on exchanges.
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Buyer interest remains strong despite new highs, unlike the first breakout of $100,000 in 2024.
According to CryptoQuant's analysis, the bullish trend of BTC could continue.
Short-term holders are in profit, which could fuel a new bullish cycle.
Despite price levels never seen before, bitcoin buyers
BTC
€95,846
remain dominant on exchanges, in a surprisingly optimistic atmosphere.
Data from the on-chain analysis platform CryptoQuant shows that the cumulative CVD over 90 days remains in favor of bitcoin bulls.
CryptoQuant: The upward trend in BTC's price "could continue"
Bitcoin's historical highs continue to attract support from traders. Even after a 50% increase in less than two months, buyers remain in the majority.
By analyzing the CVD over 90 days, Ibrahim Cosar, a contributor at CryptoQuant, highlights how much sellers have lost control during this period.
« In summary: buy orders have become dominant again. In other words, there are more purchases than sales in the market, » he summarizes.
« In general, this signal is favorable for the continuation of the rise. »