BREAKING
224d 22h ago

Bitcoin Demand Falls Short as Miner and Long-Term Holder Sales Outpace New Buyers, Analysts Warn

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

Market analysts highlight a notable imbalance in Bitcoin demand, observing that the volume of Bitcoin offloaded by miners and long-term holders currently surpasses the influx of new market participants. This trend signals a temporary supply pressure that could influence short-term price dynamics. The data suggests that despite Bitcoin’s established position as a leading digital asset, buyer interest remains subdued relative to selling activity, underscoring a cautious market sentiment. Investors and stakeholders should closely monitor these metrics as they provide critical insights into the asset’s liquidity and potential price movements in the near term.

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