Bitcoin – Here’s what’s next after sellers near exhaustion levels
The post Bitcoin – Here’s what’s next after sellers near exhaustion levels appeared on BitcoinEthereumNews.com.
Profit-taking on Bitcoin has continued to shrink, as sellers in the market waned Market liquidity flows revealed that Bitcoin investors could be gaining confidence once again As the cryptocurrency market gains ground, Bitcoin [BTC] has followed that pattern, with a 3.22% rally during this period. This seemed to indicate that market confidence is growing. However, that’s not all as several concurrent developments seemed to hint that a rally may be brewing. Especially as signs of seller fatigue begin to surface. Naturally, when comparing the prevailing market performance to past episodes of turbulence, the setup feels eerily familiar. Seller exhaustion is nearing During the latest market drawdown – one of the largest in crypto market history – investors recorded major losses of upto $240 million. Such episodes typically invite aggressive selling pressure. In this particular case, the realized profits have continued to shrink. This contraction could be a sign that sellers may be evidently running low on ammunition. In fact, it pointed to exhaustion setting in among market participants – A condition that often precedes a rebound. Source: Glassnode When we juxtapose the current setup with previous capitulation phases, like the U.S. tariff-triggered slide, the Covid-19 crash, the Terra-Luna and FTX meltdowns, or even the SVB banking scare, the resemblance is striking. All of them were followed by periods of renewed buying energy. Source: CryptoQuant To provide clearer guidance on potential market movements, AMBCrypto examined additional metrics to understand the actions of major investors. We discovered that a significant rebound may soon be approaching. A major rebound could be closer On top of that, the Binary Coin Days Destroyed (CDD) metric tells us a story of its own. At the time of writing, it was flashing a reading of 1 – Indicative of the fact that long-term holders, often the stoic…
Filed under: News - @ April 12, 2025 7:24 pm