US EditionBitcoin Faces Barrage Of Profit-Taking, But Price Holds At $105,000
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8 Articles
Key points of the news: Bitcoin hit a record $111,800 boosted by spot purchases, but suffers from the selling pressure of the holders that are making profits. The key support is held at $103,700, with a risk of rupture if there is not enough demand to absorb the supply of the last few days. Daily profits realized reached $1.470 million, concentrated in holders of more than a year that began to undo positions. Bitcoin recently reached a new histo…
Bitcoin Bull Run On The Brink As Long-Term Holders Accelerate Profit-Taking: Report
Bitcoin’s BTC/USD sharp rise to an all-time high of $111,800 has entered a decisive phase, as data from Glassnode reveals intensified profit-taking by long-term holders. What Happened: The surge, initially driven by aggressive spot buying, is now encountering persistent sell pressure from earlier market participants, posing a critical test of the market’s resilience. Glassnode’s on-chain analysis released on Thursday shows that key support level…
Crypto Technical Analysis Report
US spot Bitcoin ETFs saw robust performance in May, recording approximately $5.24 billion in net inflows, according to data from Farside Investors. Bitcoin itself reached a monthly high of $111,970 on May 22 before retreating to around $104,823. Despite the pullback, overall market sentiment remains optimistic. The Crypto Fear and Greed Index currently reads 57, signaling “Greed” and reflecting continued investor confidence. Looking ahead, the u…
Bitcoin Insider
Bitcoin CDD Shows Uptick In Coin Movement — Early Signs of Profit-Taking?
Bitcoin has maintained its position above the $100,000 mark since early May, peaking at $112,000 and signaling strong bullish sentiment. This historic breakout has set the stage for a potentially massive run, as institutional demand, macroeconomic pressure, and on-chain dynamics align. However, despite bullish control, the market is beginning to show signs of hesitation. Growing […]
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