koinmilyoner
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Bullish
🚨 Dormant Bitcoin on the Move — $ETH Gains as $BTC Flows to Hyperliquid
After months of domination and advances, Bitcoin is changing. BTC is in the red for the first time since late 2022 as Ethereum and other cryptocurrencies gain. Bitcoin has long driven the market, so investors are interested in this move. With Ethereum winning, BTC is momentarily out of the limelight.
Ageing Bitcoin Whales Cause Market Uncertainty
Darkfost claims that elderly Bitcoin whales have contributed to the recent sale of dormant BTC, causing market concerns. These wallets, commonly linked to early miners and long-term holders, are active again, sparking curiosity about their objectives. Historical patterns show that such activity usually coincides with overheated markets and begins corrective periods.
Darkfost considers the Spending Binary CDD (Coin Days Destroyed) a key indication in the present cycle. This indicator, which measures older coins, has hit crucial levels again, which have predicted market crashes in the past. Simply put, selling coins that have been sitting idle for years implies distribution by early investors and adds supply at crucial periods.
After falling around $108K, Bitcoin (BTC) is trading at $111,255, indicating a comeback. In the chart, BTC bounced off the 200-day moving average (red line), a long-term support level that has historically stabilized corrections. Maintaining the bullish structure requires holding above this level.
On the upside, BTC encounters resistance around the 100-day SMA (~$115,740) and 50-day SMA (~$114,356). Two moving averages above current prices may create a resistance confluence that limits short-term bullish momentum. BTC may consolidate between $108K and $115K until it breaks above these averages.
The yellow line at $123,217—the last major high before the correction—is the key resistance point. If this level is reclaimed, bullish momentum might resume and lead to new highs.
#ListedCompaniesAltcoinTreasury #TrumpFamilyCrypto #TrumpTariffs #BinanceAlphaPoints #ETH
After months of domination and advances, Bitcoin is changing. BTC is in the red for the first time since late 2022 as Ethereum and other cryptocurrencies gain. Bitcoin has long driven the market, so investors are interested in this move. With Ethereum winning, BTC is momentarily out of the limelight.
Ageing Bitcoin Whales Cause Market Uncertainty
Darkfost claims that elderly Bitcoin whales have contributed to the recent sale of dormant BTC, causing market concerns. These wallets, commonly linked to early miners and long-term holders, are active again, sparking curiosity about their objectives. Historical patterns show that such activity usually coincides with overheated markets and begins corrective periods.
Darkfost considers the Spending Binary CDD (Coin Days Destroyed) a key indication in the present cycle. This indicator, which measures older coins, has hit crucial levels again, which have predicted market crashes in the past. Simply put, selling coins that have been sitting idle for years implies distribution by early investors and adds supply at crucial periods.
After falling around $108K, Bitcoin (BTC) is trading at $111,255, indicating a comeback. In the chart, BTC bounced off the 200-day moving average (red line), a long-term support level that has historically stabilized corrections. Maintaining the bullish structure requires holding above this level.
On the upside, BTC encounters resistance around the 100-day SMA (~$115,740) and 50-day SMA (~$114,356). Two moving averages above current prices may create a resistance confluence that limits short-term bullish momentum. BTC may consolidate between $108K and $115K until it breaks above these averages.
The yellow line at $123,217—the last major high before the correction—is the key resistance point. If this level is reclaimed, bullish momentum might resume and lead to new highs.
#ListedCompaniesAltcoinTreasury #TrumpFamilyCrypto #TrumpTariffs #BinanceAlphaPoints #ETH
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
