Bitcoin: Key Metrics And Movements Amid Price Volatility
The post Bitcoin: Key Metrics And Movements Amid Price Volatility appeared on BitcoinEthereumNews.com.
Despite recent declines in Bitcoin’s price, short-term holders remain in profit, with an average unrealized gain of +7.9%. The collective cost basis for these holders is $86.8K, marking this as a crucial level for gauging local price momentum. Despite the decline in #Bitcoin price, the average Short-Term Holder continues to hold an unrealized profit (paper gain) of +7.9%. Currently, their aggregate cost-basis resides at a value of $86.8k, marking this as a key region of interest for local price momentum. pic.twitter.com/fQaQJ8mZtb — glassnode (@glassnode) December 30, 2024 The TD Sequential indicator has flashed a buy signal on Bitcoin’s hourly chart, suggesting the potential for a price rebound—provided the $93,000 support level holds. However, a break below this threshold could signal trouble, as there is little significant support beneath it to stabilize prices. The TD Sequential indicator presented a buy signal on the #Bitcoin $BTC hourly chart, anticipating a price rebound if, only if, the $93,000 support holds. pic.twitter.com/bQZIt5rzAO — Ali (@ali_charts) December 29, 2024 #Bitcoin $BTC below $93,000 is a problem because, as you can see, there isn’t enough significant support below it! pic.twitter.com/MSJxAT56OG — Ali (@ali_charts) December 30, 2024 MicroStrategy continues to strengthen its Bitcoin holdings, adding 2,138 BTC ($209M) last week at an average price of $97,837 per coin. The company now owns a total of 446,400 BTC (worth $41.78B), acquired at an average cost of $62,428. MicroStrategy’s current unrealized profit stands at approximately $13.92 billion, reflecting its long-term bullish stance on Bitcoin. MicroStrategy bought another 2,138 $BTC($209M) at an average price of $97,837 last week!#MicroStrategy currently holds 446,400 $BTC($41.78B), with an average buying price of $62,428 and an unrealized profit of ~$13.92B. pic.twitter.com/Mo0s3j6iTy — Lookonchain (@lookonchain) December 30, 2024 Tether Moves And Bitcoin ETFs Tether has also made notable moves, withdrawing 7,629 BTC ($705M) to its Bitcoin…
Filed under: News - @ December 31, 2024 7:23 am