BREAKING
49d 17h ago

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

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

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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