One sec BitcoinRecent movements up were quite unusual after they struggled with bear pressure for weeks, the flagship act of assets was compact -lived, which led to the withdrawal to the threshold of USD 85,200. During the fluctuations in results, investors lost their interest in BTC because there were no signs of accumulation.
Battling trend result at low levels
In insightful research, Glassnode, leading on data chains and financial platform outlined Keeping the trend in the current market dynamics and Bitcoin moods. When BTC moves sideways, the platform emphasizes that the accumulation remained much low.
After delving into the Bitcoin accumulation trend, Glassnode indicates a consistent positioning below 0.5, signaling that gigantic -scale accumulation among investors is relatively needy despite recent price fluctuations.
In particular, the measure that monitors the level of Bitcoin accumulation by various market players indicates that some investors are still buying, while the overall trend indicates decrease in accumulation activity.
The data show that the record remained below 0.5 for over 58 consecutive days, which means a prolonged net distribution period. In addition, the current series is approaching the average length of distribution periods in one year, which indicates that it is still in line with previous designs.
Glassnode noticed that the average duration Distribution phases And the accumulation cycles in the last 1 year were 65 days and 57 days respectively. In general, BTC had relative accumulation above 0.5 points for 170 days and relative distribution below 0.5 for about 196 days.
Meanwhile, the periods of accumulation and distribution alternately from 57 to 65 days. Considering that the most current reading is 0.9, the result of trends shows that gigantic entities are still in the net distribution system and have not yet been confirmed that they are going to accumulation. With whales and long -term investors showing Less aggressive shopping pressureThe Bitcoin price can face the extended withdrawal to the lower Key levels of support.
BTC compact -term owners in breakable position
Brief -term Btc Holders were also brought to an uncertain position when the price changes. Before a sudden decline on Monday, BTC briefly regained the basis for compact -term costs, but currently trades slightly below the level.
Meanwhile Glassnode excellent These bitcoins Brief -term market value of the owner to the implemented value (MVRV) is 0.00, which reflects the drop in paper by 1%. This shows that STHS is still in a breakable position, because their profitability is close to Breekeven.
The compact -term BTC SOP owner witnessed the inheritance during price results. The meter fell much below the quarterly median last week. However, since then he has reflected on its upper tactle, which can signal the renovated absorption of demand and improve sentiments after surrender by compact -term owners.
A distinguished picture from Adobe, chart from TradingView.com
