BTC uptad
Here’s a concise update on Bitcoin (BTC) as of April 24, 2025, based on the latest market trends and data:
### **Bitcoin (BTC) Key Updates**
1. **Price Action**:
- BTC is currently trading at **$92,902**, down 0.13% today after rejecting the **$94,696** resistance level. Earlier this week, it surged 11% in three days but faces potential pullback risks if it fails to close above **$95,000**.
- Critical support levels to watch: **$91,733** (today’s low) and **$82,000** (if a deeper retrace occurs).
2. **Holder Dynamics**:
- **Long-term holders (LTHs)** have accumulated **635,340 BTC since January**, absorbing 1.38 BTC for every 1 BTC sold by short-term holders (STHs). LTHs now hold **13.76 million BTC**, signaling strong conviction.
- **Dormant BTC movement**: Over **62,800 BTC aged 7+ years** were spent in Q1 2025, doubling YoY activity. This suggests early investors may be rebalancing or preparing for further upside.
3. **Market Sentiment**:
- **Options traders** are bullish, selling cash-secured put options to accumulate BTC long-term. Open interest for **$100,000 strike calls** exceeds $1.6 billion, reflecting expectations of higher prices.
- **Volatility alert**: The cumulative delta of BTC options ($9 billion) indicates heightened sensitivity to price swings, potentially amplifying near-term moves.
4. **Macro Risks**:
- **Rejection risk at $95K**: Failure to break this level could trigger a retracement toward **$82K**, especially if RSI weakens or volume declines.
- **Altcoin correlation**: Most altcoins turned red today (e.g., ETH -3.58%, XRP -5%), showing dependency on BTC’s next move.
5. **Miner Struggles**:
- Despite BTC’s rally, miner profitability remains under pressure, with the Valkyrie Bitcoin Miners ETF down **50% from its December 2024 peak**.
### **Outlook**
BTC’s near-term trajectory hinges on the **$95K breakout**. Long-term accumulation trends and options activity suggest bullish sentiment, but technical resistance and miner challenges pose risks. For real-time tracking, refer to [Yahoo Finance](https://finance.yahoo.com/quote/BTC-USD/history/).
Let me know if you’d like deeper analysis on any specific aspect!
