BREAKING
353d 17h ago

2.76 Million Addresses Show Strong Buying Interest as BTC Hits $97,100, Potential Support Emerging

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

Recent analysis from COINOTAG, dated February 21st, reveals that a substantial number of **2.76 million addresses** have acquired a total of **2.1 million BTC** at an impressive average price of **$97,100**. This data highlights a notable **buying interest** within the cryptocurrency market, suggesting that investors are keen on accumulating Bitcoin at current price levels. With the potential for **downside pressure** in the market, this significant volume of purchases could establish a crucial **support level**. Investors should closely monitor these dynamics, as such movements often indicate market trends and sentiment shifts. Understanding these metrics is essential for making informed investment decisions in the volatile landscape of cryptocurrencies. As the crypto market evolves, staying updated on trading activities and patterns remains vital for strategic investments.

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