Record-breaking Bitcoin soar past $110K, signaling a fresh surge in its growth trajectory.
Bitcoin's Bullish Movement Fueled by Market-Clever Investors
The ongoing tension between Trump and Musk has seemingly paved the way for Bitcoin's recent surge, hitting an impressive 110,500 dollars by Tuesday morning. Lookin' at the charts, it's all systems go for ol' BTC.
Binance Data Sheds Light on Heating Demand
Data from CryptoQuant paints a clear picture - Binance's "Taker Buy/Sell Ratio" is on a roll, reaching 1.1, which means investors are aggressively buying while sales are slowing down. Historically, ratios above 1 usually point towards increased demand and price increases. And it doesn't stop there - the "90-day Buy/Sell Pressure Difference" is edging close to record highs, hinting at consistent investment and no sign of the market cooling down – a base that experts believe could prime the pump for further price hikes.
UTXO Breakdown - Newbies Jump on the Bitcoin Bandwagon
Bitcoin moving above the UTXO band tracking coins transferred within 1 day to 1 week? That's a sign of a new accumulation phase folks, and guess what that means?新手们正在带著热情投资 Reserve coins, not exactly short-term profit chasers. In fact, these breakdowns were previously seen as precursors to accumulation, hinting at a rally.
Smart Money Plays Smart
The "realized market capitalization" has surpassed 56 billion dollars, a figure indicating that long-term investors (aka "smart money") are still in the game. These investor behavior indicates the presence of low selling pressure and long holding periods of over 155 days. The data suggests they're accumulating, not dumpin', which is a good sign for ol' BTC.
Bull or Bear? Market Remains Cool, Calm, and Collected
Fortunately, the market hasn't lost its cool – neither fear nor greed is dominating the scene. But rest assured, signs of strengthening fundamentals and investor confidence are certainly afoot, suggesting Bitcoin could be gearing up for its next grand bull run.
Bonus Binance Perk (Only for Our Readers): Sign up via this link to bag a special $600 bonus from Binance. Don't miss out!
Bitcoin (BTC) NewsFacebookTwitterLinkedInTelegram*
- The increased demand for Bitcoin, as indicated by Binance's Taker Buy/Sell Ratio and the 90-day Buy/Sell Pressure Difference, suggests that the crypt finance market, driven by technology-savvy investors, could experience further price hikes.
- Coins transferred within 1 day to 1 week have moved above the UTXO band, signaling a new accumulation phase, with new investors, such as those in finance, jumping on the Bitcoin bandwagon for long-term investment, a move that aligns with institutional-level investors, often referred to as 'smart money', continuing to accumulate BTC without signs of selling pressure.
