Bitcoin’s Next Bull Run Depends on This Single On-Chain Indicator
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The cryptocurrency market is experiencing subdued activity with Bitcoin losing over 1% in the last 24 hours. Current data indicates that BTC's strongest rallies typically follow the absorption of unrealized losses by long-term investors and the exhaustion of selling pressure.
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The cryptocurrency market remained subdued amidst short-term nerves, mixed signals, and no clear direction. Bitcoin also showed limited conviction and was visibly under pressure after shedding over 1% of its value in the last 24 hours.
Data shows BTC’s strongest rallies start only after long-term investors absorb unrealized losses and selling pressure fully exhausts itself.
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In This News
Coins
$ 63.87K
+0.90%Predictions Markets
See what traders are focused on
Share:
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Standard Chartered, Bitcoin için $100 bin hedefini korudu
