Bitcoin (BTC) has now increased by 3 % since the beginning of May, after obtaining a 14 % profit in April.
Influencies in BTC in circulation boxes (ETFS) has accelerated over the past two weeks, while The accumulation of the fixed cabinet in Bitcoin He continues to support the market.
From the perspective of the series, Glassnode data shows that both the short -term and their long -term pregnant women (LTHS) have increased supply holdings since early March, while STHS started accumulating during the past week.
Glassnode LTHS is defined as investors carrying BTC for 155 days or more, while STHS has been held for less than 155 days. In them The latest weekly reportGlassnode notes that LTHS has increased its holdings by more than 250,000 BTC, since the beginning of March, when the total offer was taken to the regiment to more than 14 million BTC.
“This indicates that a degree of confidence has returned, and the accumulation of accumulation over the inclination of investors to spending and danger,” according to Glassnode.
While StHs often works in LTHS opposition, they also showed signs of renewed accumulation, adding more than 25,000 BTC last week. This is a reflection of the net distribution of more than 20000 BTC, which started in February 2025, coinciding with the start of Bitcoin with a 30 %.
With BTC’s flirtation at a level of $ 97,000, this wide -based accumulation indicates restoring confidence through investor groups. However, Glassnode also determines a large resistance level at 99,900 dollars, as their long -term holders may begin to make profits when they start getting a 350 % unintended profit margin, according to Glassnode data.
“In this way, we can expect to increase pressure on the sale aspect as the market approaches this region, which makes it a likely area that requires a great demand to buy the purchase to accommodate the distribution, and to maintain rising momentum.”
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