#bitcoinshorttermholdersreach4.08mbtc 🚨 THE HIDDEN WARNING OF BITCOIN: are new buyers losing their footing?
🌕 Bitcoin’s next move could depend on a single question: will new buyers hold on or start selling? 📊
🌕 The supply held by short-term investors has reached 4.08 million BTC, its highest level since mid-June. These investors have accumulated about 422,000 BTC since July 29, buying between $82,000 and $86,000.
💥 But there is a catch: the profit margin of recent buyers is shrinking, and exchange inflows indicate that some may be preparing to sell.
🔍 Two indicators are worth watching:
📈 MVRV Z-Score: the latest values, around 0.95 to 1.0, show that Bitcoin is not displaying the valuation that previously signaled major cycle tops. This does not rule out a short-term correction.
⚠️ SOPR: close to 1.0, this indicator shows that coins being spent are nearing their breakeven point. A sustained drop below 1.0 could signal increasing pressure from loss-taking.
🎯 Key levels: the buyers’ entry zone is between $82,000 and $86,000, while $74,900 corresponds to the indicated cost basis level. A drop below this level could intensify selling pressure, without necessarily guaranteeing a crash.
👀 My opinion: watch price action while taking both indicators into account. Neither one alone confirms a market top.
👇 Will BTC defend its price range? Personal analysis, not advice.
#crypto
$BTC
$CL
$BZ
🌕 Bitcoin’s next move could depend on a single question: will new buyers hold on or start selling? 📊
🌕 The supply held by short-term investors has reached 4.08 million BTC, its highest level since mid-June. These investors have accumulated about 422,000 BTC since July 29, buying between $82,000 and $86,000.
💥 But there is a catch: the profit margin of recent buyers is shrinking, and exchange inflows indicate that some may be preparing to sell.
🔍 Two indicators are worth watching:
📈 MVRV Z-Score: the latest values, around 0.95 to 1.0, show that Bitcoin is not displaying the valuation that previously signaled major cycle tops. This does not rule out a short-term correction.
⚠️ SOPR: close to 1.0, this indicator shows that coins being spent are nearing their breakeven point. A sustained drop below 1.0 could signal increasing pressure from loss-taking.
🎯 Key levels: the buyers’ entry zone is between $82,000 and $86,000, while $74,900 corresponds to the indicated cost basis level. A drop below this level could intensify selling pressure, without necessarily guaranteeing a crash.
👀 My opinion: watch price action while taking both indicators into account. Neither one alone confirms a market top.
👇 Will BTC defend its price range? Personal analysis, not advice.
#crypto
$BTC
$CL
$BZ