Amidst the swirling tempest of Bitcoin‘s (BTC) relentless ascent, reaching the giddy heights of $123,218 on Binance, a curious dance unfolds amongst its holders—a dance that whispers of potential storm clouds on the horizon. 🌩️
Our dear friend, IT Tech, a chronicler of the crypto cosmos, has observed a peculiar rotation amongst the Bitcoin faithful. The stalwart long-term holders (LTH), those who have clung to their digital gold for over 155 days, have begun to loosen their grip, casting their eyes towards the horizon for signs of land. 🌅
Meanwhile, the short-term holders (STH), the newcomers to this grand ball, have stepped in with eager feet, their eyes alight with the hope of further gains. It’s a scene reminiscent of a grand ballroom, where the old guard makes way for the fresh faces, each step a measure of the market’s pulse. 💃🕺
History, that wise old sage, reminds us that such a dance has been performed before—in April 2021 and November 2023. Each time, the music slowed, and the ballroom grew quiet as the spot demand for BTC waned. 🎶…
IT Tech, ever the watchful guardian, advises us to keep our eyes on the exchange inflows and funding rates. Should the BTC inflows to exchanges swell, it could signal a rising tide of sell-pressure, threatening to capsize our beloved crypto vessel. 🚣♂️…
Arab Chain, another voice in the crypto choir, notes a surge in BTC transfers to exchanges from wallets holding 1,000 to 10,000 BTC—whales, if you will. The Spent Output Value Ranges (SOVR) indicator, a tool for tracking on-chain BTC transfers, reveals the movements of these behemoths. 🐳…
Should the winds of selling pressure strengthen, BTC may find itself seeking refuge at a support level near $111,800. But fear not, dear reader, for not all analysts have donned their mourning attire. 🎩…
The STH Market Value to Realized Value (MVRV) suggests that BTC may still be undervalued, hinting at further upward potential. Could $150,000 be within reach? The horizon beckons, but caution is the watchword. 🌄…
A fresh influx of $2 billion in liquidity to major crypto derivatives platforms could reignite the fires of bullish fervor. Yet, the Bitcoin NVT Golden Cross climbs steadily, a warning beacon of an overheated market. At the time of writing, BTC trades at $118,754, a mere 0.4% rise in the past 24 hours. 📈…
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2025-07-19 02:48