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Bitcoin Holds Above $110K Despite Major Exchange Inflows, Market Awaits Direction

Bitcoin has demonstrated notable resilience, maintaining its price level above $110,000 amidst significant exchange inflows totaling approximately 40,000 BTC. This movement involved transfers from wallets inactive for a decade, typically signaling potential selling pressure. Market indicators, however, suggest a balanced… Read More »Bitcoin Holds Above $110K Despite Major Exchange Inflows, Market Awaits Direction

Bitcoin Nears $120K Amid Stable Profit-Taking Metrics, Signaling Sustainable Rally

Bitcoin’s surge toward the $120,000 threshold shows no significant profit-taking activity from short-term holders, signaling sustained bullish momentum according to key market indicators. On-chain metrics reveal the Spent Output Profit Ratio (SOPR) remains below aggressive profit-realization levels, indicating investors’ confidence… Read More »Bitcoin Nears $120K Amid Stable Profit-Taking Metrics, Signaling Sustainable Rally