Bitcoin (BTC) continues to show resistance amidst recent price increases, while accumulation data indicates the confidence behind the market rally.
Recent developments show that despite market fluctuations, investors have maintained a strong stance, indicating a change in long-term investment perspectives.
CryptoQuant analyst Darkfost observed a significant increase in the supply of Bitcoin in profit and stated that this increase indicates potential upcoming bull periods.
Bitcoin's accumulation signals provide confidence with strong market indicators supporting a sustainable rally despite price fluctuations. Experts emphasize the need to closely monitor signs that support long-term growth.
Bitcoin's Gains May Continue As the price of Bitcoin gradually rises with increasing buyer interest, many analysts expect this trend to continue. The current market rally reflects growing confidence among investors, especially in light of positive legislative developments. A progressing Senate bill for Arizona's strategic reserve of Bitcoin could lead to an increase in demand and reinforce bullish sentiment in the market.
Darkfost noted that the supply of Bitcoin in profit is currently rising, indicating an increase in market confidence. Historically, when the profit supply rate exceeds 90%, it usually signals enthusiastic market periods along with pullbacks; however, such movements do not always happen immediately and can lead to a new upward movement.
Furthermore, recent net inflow data from exchanges also confirms this situation. While a decline is observed in the 30-day moving average, the data shows Bitcoin's transition from exchanges to cold storage. This also indicates accumulation. The difference in the 7-day moving average shows the relationship between this accumulation and price increases.
According to recent measurements, the 30-day MVRV ratio has reached its highest level since December, raising concerns about potential selling pressure. However, long-term MVRV ratios still present a positive outlook, indicating that long-term investors have not yet realized significant gains. This situation suggests that the current bullish phase has the potential to exceed target prices.
An Analytical Look at Future Price Movements Data strongly indicates that a rapid accumulation process is occurring with Bitcoin's transition to a more bullish phase. Important data includes the liquidation heat map, which suggests that subsequent interest levels could be between $101,000 and $106,000. This indicates that traders are adjusting their strategies according to changing market conditions.
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