Over 90% of Bitcoin holders still in profit – Is Fed fueling the fire?
Main Idea
Bitcoin's recent dip to $113K saw significant buying activity on Binance, with over 90% of Bitcoin holders still in profit, and Federal Reserve liquidity rising to $6.17 trillion, suggesting potential for a market rebound.
Key Points
1. Bitcoin's drop to $113K triggered a $7.6B volume spike on Binance, indicating strong buyer interest rather than panic selling.
2. Over 90% of Bitcoin's supply remains in profit, a historical indicator of price consolidation before major moves.
3. Federal Reserve liquidity rose to $6.17 trillion, its highest level in 2023 and early 2024, potentially supporting Bitcoin's next upward move.
4. The combination of high spot volumes and increased liquidity suggests Bitcoin may be closer to a rebound than a further decline.
Description
Massive Binance volume during the drop hints at accumulation, not fear.
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