Axim247

CryptoMarkets

Key Bitcoin price metric used by bulls falls to six-week low, but there’s a silver lining

admin
Key Bitcoin price metric used by bulls falls to six-week low, but there’s a silver lining

Profit-taking by Bitcoin traders pushed the Coinbase BTC premium to a six-week low, but demand from longer-term traders put a clear support under the range lows.

Related posts:

Default ThumbnailBitcoin stays ‘stalled’ at $78K as oil threatens new risk-asset squeeze Default ThumbnailBitcoin price slips under $77K as bulls battle for new ‘macro-bullish shift’ Default ThumbnailSpot Bitcoin ETF outflows top $490M: Is BTC’s rally losing momentum? Crypto Fear and Greed Index turns neutral for first time since January: Is $100K BTC next?Crypto Fear and Greed Index turns neutral for first time since January: Is $100K BTC next?

Related Posts

Long-Term Holders Sell 295K Bitcoin In 30 Days: Demand Keeps The Market Stable
Bitcoin has entered a phase of heightened volatility and uncertainty, with the market showing signs of indecision after weeks of strong momentum. The leading cryptocurrency continues to trade just below its all-time high near $126,000, with bulls and bears now locked in a battle to determine the next major move. Some analysts believe Bitcoin is […]
Are Bitcoin Ownership Dynamics Shifting? Short-Term BTC Holders Share Sees Steady Shrinking
Even after reclaiming the $70,000 price level following a relief bounce, Bitcoin short-term investors remain bearish about the cryptocurrency’s trajectory in the near term. With the price of BTC facing downside pressure, these investors are reducing exposure by offloading their holdings. Short-Term Holders Quietly Shed Bitcoin Holdings Investors’ activity and sentiment are starting to flip […]