BREAKING
92d 0h ago

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

BTC

BTC/USDT

$68,506.17
-2.79%
24h Volume

$13,784,700,649.61

24h H/L

$70,516.82 / $68,110.55

Change: $2,406.27 (3.53%)

Long/Short
63.9%
Long: 63.9%Short: 36.1%
Funding Rate

+0.0001%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$68,506.17

-0.60%

Volume (24h): -

Resistance Levels
Resistance 3$72,364.25
Resistance 2$70,811.58
Resistance 1$68,867.82
Price$68,506.17
Support 1$68,115.84
Support 2$65,637.54
Support 3$62,909.86
Pivot (PP):$68,735.17
Trend:Downtrend
RSI (14):44.9

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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