Dropping short-Bitcoin outflows indicate positive sentiment

The decreasing outflow volumes across short-Bitcoin products could be an indication of improving fundamentals as opportunistic investors rush to buy the dip.  On the other hand, digital asset investment products (mostly comprising short products) saw outflows totalling $7.5 million, while long products recorded $3.3 million.   Despite weeks of ravaging capitulation and negative Bitcoin sentiments triggered […]

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Bitcoin Data Reveals No Significant Panic Selling In The Market Shakeout Or Trend Shift?

Bitcoin faced a sharp retrace yesterday, dropping 8% from its all-time high of $108,300 after the Federal Reserve announced a 25 basis point rate cut alongside a revised policy signaling fewer cuts in 2025. Despite the drop, Bitcoin managed to hold above $98,000, a critical liquidity level that analysts are closely monitoring. Related Reading: On-Chain Metrics Reveal Cardano Whales Are Buying The Dip Details This recent price action raises a pivotal question: is this the start of a more significant correction or merely a shakeout to fuel the next leg of Bitcoin’s rally? CryptoQuant analyst Axel Adler provided key insights, noting that no substantial panic selling is evident in the marketa signal that investor confidence remains intact for now. Bitcoin’s resilience at current levels suggests the market is recalibrating following the Feds latest moves. As traders and investors digest these developments, all eyes are on whether Bitcoin can recover momentum and push back toward its previous highs or if deeper retracements are on the horizon. With market sentiment hanging in the balance, the coming days will be crucial in determining Bitcoin’s next direction. Bitcoin Remains Strong Despite the recent dip and a noticeable shift in market sentiment, Bitcoin remains resilient above key liquidity levels, maintaining its long-term bullish structure. The price drop, sparked by broader market reactions to the Federal Reserves policy announcement, has raised concerns, but Bitcoin’s ability to hold critical support underscores its underlying strength. Top CryptoQuant analyst Axel Adler recently shared data on X, shedding light on the market’s current dynamics. According to Adler, no significant panic selling is evident, even after Bitcoin’s sharp decline.  He highlighted a chart tracking the BTC short-term holder profit-loss to exchanges, revealing that this metric is currently at a higher level than seen during early December selling events. This indicates that the recent sell-off may have been less driven by fear and more of a strategic shakeout. This shakeout could serve to generate liquidity and provide the necessary momentum for Bitcoins ongoing rally. However, he also cautions that this could mark the beginning of a broader correction that might take time to fully develop. Related Reading: Solana Bull Flag Signals A Breakout To $300 Analyst Shares Key Levels The coming weeks will be pivotal for Bitcoin. As the market stabilizes, traders and investors are watching whether Bitcoin can reclaim higher levels or if further downside consolidation is on the cards. Price Action: Technical Levels To Hold Bitcoin is currently trading at $101,800, following a successful test of local demand at $98,695 earlier today. The price structure remains intact, with Bitcoin forming a clear pattern of higher highs and higher lows, signaling sustained bullish momentum. Despite the recent volatility, the market sentiment continues to lean optimistic as BTC holds above critical support levels. For Bitcoin to maintain its upward trajectory, a decisive push above $103,600 is essential. This level served as a significant pivot last week, marking a key zone for both buyers and sellers. Breaking through this resistance would likely signal renewed momentum, setting the stage for further gains as Bitcoin eyes new highs. However, failure to break above $103,600 could lead to a shift in sentiment. If BTC also loses the $100,000 psychological level, it would likely confirm the start of a broader correction. Such a scenario could drive the price toward lower support zones as the market recalibrates. Related Reading: Ethereum Whales Load Up: Bullish Sign Or Bear Trap? The next few days will be crucial in determining Bitcoins near-term direction. Traders are closely watching the $103,600 resistance and $100,000 support levels, as these thresholds will dictate whether BTC continues its rally or enters a corrective phase. Featured image from Dall-E, chart from TradingView

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Bitcoin Holds Above $90K On-Chain Data Reveals Key Demand Levels

Bitcoin recently saw a 9% retrace from its all-time high of $99,800, narrowly missing the psychological $100K milestone. The pullback brought BTC down to a low of $90,700 on Tuesday, sparking concern among some investors. However, the price has since recovered, showing resilience as it climbs back toward key resistance levels. Despite the volatility, Bitcoin’s long-term bullish structure remains intact, with market sentiment leaning optimistic. Related Reading: Cardano Whales Buy The Dip Metrics Show Increasing Demand Top analyst Axel Adler has provided key on-chain insights that suggest that the strong demand for Bitcoin persists at current levels. According to Adler, this buying activity indicates that investors view pullbacks as opportunities to accumulate, underscoring confidence in Bitcoin’s potential for further growth. However, he also highlighted solid support at lower price levels, which could come into play if the current recovery fails to sustain. The next few days will be crucial as Bitcoin tests its ability to reclaim momentum and potentially break through the $100K barrier. With demand remaining robust and market conditions aligning for a potential breakout, all eyes are on whether BTC can sustain its upward trajectory or if further consolidation is on the horizon. The stage is set for a decisive move in Bitcoin’s price action. Bitcoin Data Reveals Investors’ Entry Prices Bitcoin continues to showcase extremely bullish price action, driven by increasing demand from institutional and retail investors. Key on-chain data from CryptoQuant analyst Axel Adler highlights critical price dynamics shaping the current market.  According to Adler, Bitcoins price is presently consolidating within the average purchase range of two key investor cohorts: the 1D ($96.8K) and the 1D-1W ($95.3K). These levels act as crucial support zones, reflecting strong buyer interest at current prices. Additionally, the average purchase level in the 1W-1M range, positioned at $84K, provides an extra layer of support in case of a broader market pullback. This indicates that even in a more bearish scenario, Bitcoin will likely find stability around $84K before resuming its upward trajectory. The data reinforces a widely held bullish outlook for Bitcoin among analysts and investors, many of whom believe the current cycle is still in its early stages. The strong demand and robust support levels suggest that Bitcoin is well-positioned to maintain its bullish momentum in the weeks ahead. Related Reading: XRP Consolidates Below Crucial Resistance Analyst Sets $1.60 Target Whether BTC holds above its current levels or experiences a temporary dip, the consensus remains optimistic about further gains, with this cycle potentially marking a historic run for the cryptocurrency. BTC Nears $100K  Bitcoin is currently trading at $95,200, a pivotal level that could determine its next major move. This price point serves as a crucial threshold, and if Bitcoin holds above it, the stage would be set for a potential test of the highly anticipated $100,000 level. Before reaching this psychological milestone, the next significant supply zone lies at $98,800. A break above this level would likely trigger a massive breakout, propelling BTC beyond its all-time high and into six-figure territory for the first time. However, the stakes remain high. Bitcoin could face a deeper correction if it fails to maintain its position above the $90,000 level. In such a scenario, the next strong support is at $85,500, a critical level that would need to hold to preserve Bitcoins bullish structure. Related Reading: Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance Market participants closely monitor these key levels, as Bitcoins trajectory will influence broader market sentiment. With strong demand and momentum, the coming days will be pivotal in determining whether BTC surges past $100,000 or consolidates further before resuming its bullish run. As the market remains highly dynamic, traders and investors are bracing for significant moves ahead. Featured image from Dall-E, chart from TradingView

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Bitcoin in circulation: Over 50% not moved in 2 years, Glassnode says

More than half of Bitcoin (BTC) in circulation has not been touched for two years, according to data compiled by the crypto analytics platform Glassnode.  On April 10, crypto influencer Anthony Pompliano highlighted that 53% of Bitcoin’s circulating supply has been inactive in the last two years. Citing data published by Glassnode, Pompliano pointed out [...]

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How to access Bitcoin network data without advanced IT skills

The Bitcoin network is home to a variety of data that can offer investors, academics and fans useful insights. However, those without significant IT abilities might find it difficult to obtain this data. The good news is that anyone may explore Bitcoin network data without having substantial technical knowledge thanks to the user-friendly tools, platforms [...]

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