Bitcoin’s price has rallied from $60K to around $66K, driven by lower-than-expected US inflation and reduced selling pressure.
Key insights:
• Short-term holders are selling at low or negative profits, reducing selling pressure.
• Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.
• Bitcoin miners are facing extremely low profitability, often correlating with price bottoms.
• Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the rally.
• ETF Bitcoin purchases remain near zero, and stablecoin liquidity growth is still slow, both critical for a sustainable rally.
Continued demand growth from large investors and increased ETF activity are needed to support higher price levels. Without these, the price rally may face challenges.
For more details, see our Weekly Report.
Crypto Weekly Report | @cryptoquant_official
Key insights:
• Short-term holders are selling at low or negative profits, reducing selling pressure.
• Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.
• Bitcoin miners are facing extremely low profitability, often correlating with price bottoms.
• Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the rally.
• ETF Bitcoin purchases remain near zero, and stablecoin liquidity growth is still slow, both critical for a sustainable rally.
Continued demand growth from large investors and increased ETF activity are needed to support higher price levels. Without these, the price rally may face challenges.
For more details, see our Weekly Report.
Crypto Weekly Report | @cryptoquant_official
tg-me.com/cryptoquant_official/2369
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Last Update:
Bitcoin’s price has rallied from $60K to around $66K, driven by lower-than-expected US inflation and reduced selling pressure.
Key insights:
• Short-term holders are selling at low or negative profits, reducing selling pressure.
• Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.
• Bitcoin miners are facing extremely low profitability, often correlating with price bottoms.
• Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the rally.
• ETF Bitcoin purchases remain near zero, and stablecoin liquidity growth is still slow, both critical for a sustainable rally.
Continued demand growth from large investors and increased ETF activity are needed to support higher price levels. Without these, the price rally may face challenges.
For more details, see our Weekly Report.
Crypto Weekly Report | @cryptoquant_official
Key insights:
• Short-term holders are selling at low or negative profits, reducing selling pressure.
• Bitcoin balances at OTC desks have stabilized, indicating less supply entering the market.
• Bitcoin miners are facing extremely low profitability, often correlating with price bottoms.
• Demand from permanent holders and large investors is stabilizing but needs to accelerate to sustain the rally.
• ETF Bitcoin purchases remain near zero, and stablecoin liquidity growth is still slow, both critical for a sustainable rally.
Continued demand growth from large investors and increased ETF activity are needed to support higher price levels. Without these, the price rally may face challenges.
For more details, see our Weekly Report.
Crypto Weekly Report | @cryptoquant_official
BY CryptoQuant
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