This chart shows the behavior of long-term Bitcoin $BTC holders over time, focusing on their 30-day spending and the apparent demand for Bitcoin. The black line represents the Bitcoin price, measured on the left-hand axis. The colored areas illustrate the net demand effect from long-term holders: green indicates periods of positive apparent demand (more buying than selling), while red reflects negative apparent demand (more selling than buying).
The purple overlay shows the total 30-day spending of long-term holders, which corresponds closely with price swings. Peaks in green often precede or coincide with upward price movements, suggesting that long-term holder accumulation supports price growth. Conversely, periods dominated by red, where holders are selling, tend to align with price declines or corrections. Overall, the chart highlights the cyclical nature of Bitcoin markets and the influential role long-term holders play in shaping supply and apparent demand.
For $ETH to keep this recent bounce alive, it needs to firmly hold $1,991. The structure so far looks more like a three-wave corrective move, not a full-fledged reversal.
Just a heads-up: as long as price stays under $2,396, the door remains open for another move down to test lower levels. The upside isn't confirmed yet.
Bitcoin is showing signs of vulnerability as macroeconomic risks rise. Goldman Sachs has issued a major warning about U.S. stocks, suggesting that heavy selling could be on the horizon. Historically, Bitcoin has often moved in tandem with the broader market, meaning a sharp drop in equities could drag $BTC down toward $60K.
Traders should stay cautious, watch both crypto and traditional markets, and manage risk carefully. While BTC remains strong in the long term, short-term volatility is likely as investors digest these warnings