Main points:
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Bitcoin’s short -term holders show a classic behavior for profit, sending BTC to exchanges.
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Their presence between the exchange flows has reached a level associated with the “local bottoms” on BTC/USD.
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The famous show on Binance is now at $ 117,500.
Bitcoin (BTCA new research says that he may put it on the next local with the discharge of the retailers of the profits.
In the QuickTake Blog publication on Wednesday, Cryptoquant made the Onchain Analytics platform with a major event for BTC PRICE.
Bitcoin exchange flows raises a new price signal
Cryptoquant confirmed that the Bitcoin retail investors reduce BTC exposure as the price is about $ 120,000.
Exchange flows, however, they are accurate. The transactions contained increasingly come from new investors, known as short -term holders (STHS).
“Increase the activity of the long term in the short term (STH) on Binance signals, which achieves possible profits,” the Amr Taha shareholder was summarized.
Taha highlighted the percentage of Binance exchange for STHS, which indicates the percentage of transactions received to Binance coming from entities that flow for six months or less.
The percentage recently crossed 0.4, which shows Taha “often coincides with local bottoms.”
He said: “The latest height higher than 0.4 indicates that the retailers may have begun to deposit their bitcoin collectors collectively for construction, probably in an attempt to secure profits after a strong upward trend.”
“The STH – which usually holds BTC for less than 155 days – tends to sell during upward trends, and the current percentage strengthens this behavior.”
High levels at all times last week prompted a collective reformulation of trading activity through encryption exchanges.
“Of all places, Binance recorded the largest increase in one day in the immediate trading volume in both the day before and the next day of the new height, and thus the seizure I mentioned In a separate fast post.
“Crypto.com, Coinbase, Bybit and OKX also showed relatively higher trading volume.”
The interest rate focuses on the price of BTC PRICE on $ 117,500
like Note CointelegraphThe analysis has already launched the appearance of the “exhaustion of the seller” after achieving wide profits, causing BTC/USD to range between $ 116,000 and 120,000 dollars.
Related to: “Most likely near Over,” Trader Bitcoin Bull Run says, as it turns XRP McDonald’s XRP MCDONALD’s
Traders still expect another emerging leg for Bitcoin, even with attention and capital Recycling in altcoins.
The liquidity of the stock exchange book is preferred 117,500 dollars as a “magnet”, a monitoring resource Coinglass Distinguish on x on Wednesday.
Large liquidity groups Continue formation The low frame moves on BTC/USD.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
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