Content
@
0 reply
20 recasts
20 reactions
esmeralda
@esmeralda
Bitcoin’s 10% weekly gain amid worrying US economic data shows crypto trader sentiment shift 1. Bitcoin's Long-Term Holder (LTH) Realized Cap surpassed $18B, signaling aggressive accumulation and a potential price bottom. 2. This metric previously preceded bullish rallies, such as the 100% gain post-September 2024. 3. A significant drop in Bitcoin open interest (OI) also aligns with past bottom formations. 4. Recent 10% OI surge suggests upcoming price action could clarify trend direction. 5. Bitcoin found strong support at $79K, with ~40K BTC accumulated, and is testing resistance at $82K. 6. The recent price bounce from $74.5K to over $81K was driven by favorable macro events. 7. Analysts note bullish breakout potential amid technical and market confluence.
2 replies
0 recast
2 reactions
