Long-term Bitcoin holders are exhibiting a significant shift in behavior, reducing daily sell-offs and moving towards accumulation as the cryptocurrency’s price approaches its all-time highs. This trend signals a potentially bullish outlook for the market. Data shows that daily sales… Read More »Bitcoin Long-Term Holders Shift from Sales to Accumulation Near Price Highs
Potential geopolitical tensions surrounding the Strait of Hormuz pose a short-term volatility risk for Bitcoin. The strait, a critical chokepoint handling approximately 20% of global oil trade, could trigger significant oil price spikes and broader risk-asset selloffs if disrupted, impacting… Read More »Bitcoin Faces Short-Term Geopolitical Risk but Shows Strong Long-Term Accumulation
Bitcoin experienced a brief dip below $108,000 following the release of US Consumer Price Index (CPI) data showing inflation at 2.4%. However, strong underlying investor demand suggests the cryptocurrency could soon rebound towards the $110,000 mark. Market sentiment remains decidedly… Read More »Bitcoin Eyes $110K Rebound as CPI Dip Sparks Accumulation