Bitcoin Tests Long-Term Holder Supply Cluster as Leverage Clears, Analysts Say
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.7 Articles
7 Articles
Bitcoin returned to the area of US$84.000-US$85,000, a level that now concentrates the greatest amount of supply in the hands of long-term holders within the same price range, according to Glassnode data. At the same time, the open interest called in Bitcoin dropped to its lowest level since March, reducing part of the [...] The Bitcoin entry returns to the area of US$84.000 while the leverage of the market falls was first published in Cryptorep…
Bitcoin is around $84,000 and returns to an area where a large supply of long-term forks is concentrated. Leverage backed strongly, but quarterly closure and upward yields keep the focus on spot demand.
BizToc
Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin tests long-term holder supply cluster as leverage clears, analysts say
Bitcoin traded near $84,000 on Tuesday, near Glassnode's largest long-term holder cost-basis cluster price range.
Bitcoin, after testing above $87,000, has retreated and continues to trade in the $82,000-$85,000 range. While it remains to be seen whether the uptrend will continue, Glassnode points to the $84,000-$85,000 range as a potential target. Bitcoin faces a critical resistance zone! According to Glassnode's analysis, Bitcoin is encountering resistance in the $84,000-$85,000 range, where long-term investors are most concentrated. At this point […] Sou…
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
