Bitcoin (BTC), the largest encrypted currency, has reached the highest level in several months by about 105,600 dollars. While some skeptics are sure that the local peak is present, the STH-SOPR rate is by Cryptoquant says that we must prepare for higher prices.
Bitcoin price: There are no sale signals yet, says Cryptoquant expert
Bitcoin (BTC) is close to the potential distribution area, but there are no signs of immediate sale signals. STH-SOP says that the group of short-term holders is looking at BTC’s largest prices as a potential local lens.
Such notes have been shared by Cryptometugue, which is a borrowed Cryptoquant community, in QuickTake Publishing.
Planning with the accumulation areas (“purchase”) and distribution (“sale”) shared the displayed and showed that, at the current prices, the Bitcoin (BTC) has not touched the most recent so far.
The expert highlighted that although stress has been tested for years, the indicator should be used with caution and with a limited part of the deposit:
These signals do not always silence the upper part of the market, but in the largest image, these red circles represent reasonable and satisfactory areas of distribution. Please note that we will not sell everything at once. Just as we gradually accumulated, we will also gradually distribute.
The last time the market was close to Red Zone on May 1, when Bitcoin (BTC) showed the first recovery signs. However, its price should still rise to celebrate the beginning of the appropriate distribution season.
Bitcoin’s investment funds continue to grow, and a third height of AUM for three months
Also, the analyst recommended looking at hedge sites through derivatives, with BTC seeing in red or green areas.
Meanwhile, liquidity still comes to Bitcoin (BTC). The combined AUM scale of Bitcoin Spot ETF in the United States exceeded $ 124 billion in equivalent for the first time since February 4, 2025.
As it becomes clear from Coinglass, last month, Bitcoin (BTC) recorded only three days in red. As a result, ETFS Spot Aum Bitcoin (BTC) added 50 % in less than one month.
Bitcoin (BTC) changes hands at $ 104,301 from the time of the press.
