BREAKING
101d 20h ago

Bitcoin On-Chain Sentiment Rebounds as Sell-Off Addresses Decline and Futures Market Turns Bullish

BTC

BTC/USDT

$66,969.90
+1.49%
24h Volume

$5,893,102,060.79

24h H/L

$67,284.00 / $65,766.10

Change: $1,517.90 (2.31%)

Long/Short
71.0%
Long: 71.0%Short: 29.0%
Funding Rate

-0.0007%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$66,885.03

0.72%

Volume (24h): -

Resistance Levels
Resistance 3$74,458.01
Resistance 2$69,708.76
Resistance 1$68,058.24
Price$66,885.03
Support 1$66,155.21
Support 2$64,323.39
Support 3$60,000.00
Pivot (PP):$66,702.02
Trend:Downtrend
RSI (14):42.4

New on-chain data released this month points to a nascent shift in Bitcoin sentiment. Data analyst Murphy observed that wallets moving away from HODLing BTC to exiting the market surged between November 13 and 25, a window that coincided with the steepest BTC price decline in weeks. This spike in sell-off activity reflected market fear and pessimism, underscoring how price action can mirror crowded risk-off dynamics.

From December 1 to 18, as BTC repeatedly tested local bottoms, the tally of sell-off addresses diminished, aligning with a renewed bullish tilt in futures markets and a steadier price framework. Analysts note that the retreat in on-chain selling supports improving risk sentiment, suggesting a more balanced supply-demand dynamic rather than an imminent, sharp capitulation.

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