Bitcoin Speculators Hint at 'Local Bottom' as Buyers Target $117.5K

Bitcoin speculators hint at 'local bottom' as buyers target $117.5K

Source: Coin Tegraph Key points: Bitcoin short-term holders are showing classic profit-taking behavior, sending BTC to exchanges. Their presence among exchange inflows has reached a level associated with “local bottoms” on BTC/USD. A popular bid level on Binance now sits at $117,500. Bitcoin (BTC) may be putting in its next local bottom as retail investors offload profits, new research says. In a QuickTake blog post released on Wednesday, onc…

Bitcoin Short-Term Holders: Unveiling a Crucial Local Bottom Signal

BitcoinWorld Bitcoin Short-Term Holders: Unveiling a Crucial Local Bottom Signal In the often unpredictable world of cryptocurrency, market signals are highly sought after. Every dip, every surge, prompts a flurry of analysis as investors try to decipher the next move. Recently, a fascinating insigh...

Bitcoin Shows Near-term Fragility as Investors Shift to Altcoins: Bitfinex

Since hitting its all-time high (ATH) over a week ago, bitcoin has been consolidating. Analysts at the crypto exchange Bitfinex say the asset’s structural strength remains intact; however, the bull market is entering a more delicate and reactive phase. According to the weekly Bitfinex Alpha report, the market is seeing a natural rotation between bitcoin holder cohorts. While this capital rotation reflects a maturing cycle, BTC faces the risk of …