arbaloch99.tk@gmail.com
Reasons to trust
Strict editing policy focusing on accuracy, relevance and fairness
Created by industry experts and meticulously reviewed
The highest standard for reporting and publishing
Strict editing policy focusing on accuracy, relevance and fairness
Morbi Pretium leo et nisl aliquam Mollis. Quisque Arcu Lorem, Ultricies Quis Pellentesque Nec, ullamcorper eu odio.
Español.
Bitcoin (BTC) has gained remarkable traction in the past week, rising from around $85,000 on April 21 to nearly $95,000 today, but the momentum in demand for top cryptocurrencies remains curtailed, bringing attention among investors.
Bitcoin demand continues to be in the negative zone
According to a recent crypto-quicktake post by analyst CrazzyBlockk, the momentum in Bitcoin’s 30-day demand remains in negative territory. Currently, the 30-day demand momentum is around -483,860 BTC, with the same metric’s 30-day simple moving average (SMA) hovering near -310,700 BTC.
Related readings
To be clear, the momentum of demand over the 30 days is calculated by subtracting the 30-day long-term holder (LTH) supply from the 30-day short-term holder (STH) supply. This metric effectively measures net changes in the aggressive demand for BTC.
An increase in the supply of short-term holders to long-term holders means that market participants are increasingly choosing to infer Bitcoin rather than holding it for the long-term.
Trading in the negative zone suggests that demand from short-term investors will decline. This can be attributed to profits, particularly after the recent 10% meeting of BTC over the past seven days, or after leaving market uncertainty, including global economic concerns, including new trade tariff tensions.
Furthermore, the market is experiencing the dynamics of long-term holders absorbing BTC than those distributed by short-term holders. According to CrazzyBlockk, such behavior is commonly observed during the distribution stage of a cycle or during the macro-level integration period.
It is worth noting that Bitcoin has previously experienced similar deep negative divergence in demand momentum, particularly in the second quarter of mid-2021 and 2022. In both cases, these divergences were followed by a sudden priced pullback.
On optimistic note, the subsequent market recovery of both instances coincided with the market bottom. They also marked a reopening of sustainable bullish momentum in the next few months.
If Bitcoin can reverse this negative demand trend and bring the metric back to positive territory, it could indicate a strong revival of investor convictions. A return to the “green zone” could likely mark an updated uptrend and push BTC into a new all-time high (ATH) in the short term.
Positive signs appear in BTC
While demand momentum remains weak, other market signals suggest that Bitcoin may be approaching a trend reversal. For example, the apparent demand for Bitcoin – another chain metric – has recently shown a sharp rebound. Tip There may be purchase pressure.
Related readings
Furthermore, BTC exchange reserves continue to decline rapidly. Recent data shows Bitcoin Just recording The highest exchange withdrawal amount in two years. This ongoing exhaustion of Exchange-Held BTC could lead to supply squeezes and further support bullish price action.
Technical indicators also refer to: Possibility We are testing the current ATH $108,786. At the time of pressing, Bitcoin has been trading at $94,773, up 0.3% over the past 24 hours.
Featured images created with cryptoquant and tradingview.com charts, ofplash, charts
