Bitcoin has resumed its upward path, as it recorded a 1.6 % modest profit over the past 24 hours of trading at $ 107,428. The recovery comes after last week decreased about $ 100,000, which was operated due to fluctuations at the market level and profit recruitment.
While BTC is still less than 4.2 % less than its highest level ever at $ 111,000 reached last month, the weekly trend still reflects an increase of 3.3 %, indicating that buyers are gradually preparing confidence. This behavior in the market is reflected in a set of indicators on the recently analyzed chain by Cryptoquant Amr Taha.
Bitcoin standards on the chain reflect the behavior of accumulation
In Taha analysis Taha, entitled “Data Tales on the series in the next stage of Bitcoin”, indicates a possible continuity of the gathering.
This includes the Binance Taker Buy/UTXO age ranges, and a long -term pregnant woman (LTH). The three indicate that the market participants are actively accumulating and that the inherent feelings are turning towards a renewed rise.
One of the basic indicators that Taha focused on is the purchase/Selling Taker, which recently rose to 1.1. This scale evaluates the volume of aggressive market purchases against the market in the exchange of binance.
The percentage of more than 1 usually means that a greater number of participants are ready to pay the market price for purchase instead of selling, indicating the condemnation of the strongest buyer. Justly, such transformations historically precede the continuous price increases when they are supported by size.
Another main scale that shows the power is the purchase/sale/sale of the past 90 days. This indicator tracks the net difference between buying and selling pressure and is now mid -road to its historical peak at 0.02.
Taha explains that this indicates that the market has not increased its temperature yet, with a room for more accumulation. In conjunction with the last penetration behavior above the Band 1D – 1D UTXO, which represents the processed treatment currencies recently, this suggests that many new bearers are currently profit and choose to keep it instead of selling.
The LTH conviction and stablecoin flow
Taha also male The LTH CAP is now 56 billion dollars, reflecting the strong hands with a greater share of bitcoin supply. These coins have not moved in more than 155 days and are considered to be the representation of high condemnation investors.
The increase in this scale indicates that fewer metal currencies are sold in the market, which is an indication that many investors expect higher reviews in the coming weeks or months.
In addition, it was said that more than $ 550 million in Stablecoins has flowed into Binance in the last hours. Historically, such flows to the factions, unlike derivative platforms, often indicate their willingness to spread capital to buy direct assets.
It is worth noting that all of these indicators can be considered a leading signal for potential fluctuations or purchase pressure. If this pattern continues, the short -term price activity may benefit from Bitcoin from continuing accumulation and institutional location.
A distinctive image created with Dall-E, the tradingView chart
