$TIA #btc #eth Bitcoin Rally Shows Cracks, But Bull Market Remains Intact
Bitcoin is trading around $83,300, with bulls attempting to break above the $85,000 resistance. According to CryptoQuant, the broader bull-market structure remains intact, but the current rally is showing signs of weakness.
đ More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering the majority of the losses.
đ Bitcoin Open Interest fell 2.2% over the same period. A decline in OI while price rises can indicate short sellers closing their positions.
đ Meanwhile, wallets holding 10â10,000 BTC accumulated 41,025 BTC over the past 10 days, according to Santiment. Their share of total BTC supply has increased to 67.93%.
đ„ However, retail wallets holding less than 0.01 BTC have remained largely flat since Bitcoin's $87,000 peak.
đ CryptoQuant identifies $80,000 as a key support level, while $85,000 remains an important resistance zone.
Bitcoin is now at a critical level: large holders are accumulating while profit-taking is increasing. Whether BTC breaks above $85K or retests the $80K support could be important for the next market move.
Bitcoin is trading around $83,300, with bulls attempting to break above the $85,000 resistance. According to CryptoQuant, the broader bull-market structure remains intact, but the current rally is showing signs of weakness.
đ More than $220 million in crypto positions were liquidated over the past 24 hours, with long traders suffering the majority of the losses.
đ Bitcoin Open Interest fell 2.2% over the same period. A decline in OI while price rises can indicate short sellers closing their positions.
đ Meanwhile, wallets holding 10â10,000 BTC accumulated 41,025 BTC over the past 10 days, according to Santiment. Their share of total BTC supply has increased to 67.93%.
đ„ However, retail wallets holding less than 0.01 BTC have remained largely flat since Bitcoin's $87,000 peak.
đ CryptoQuant identifies $80,000 as a key support level, while $85,000 remains an important resistance zone.
Bitcoin is now at a critical level: large holders are accumulating while profit-taking is increasing. Whether BTC breaks above $85K or retests the $80K support could be important for the next market move.