BREAKING
148d 20h ago

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

BTC

BTC/USDT

$76,765.61
-0.19%
24h Volume

$21,008,437,550.40

24h H/L

$77,800.00 / $76,051.00

Change: $1,749.00 (2.30%)

Long/Short
58.2%
Long: 58.2%Short: 41.8%
Funding Rate

+0.0054%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$76,600.01

-0.52%

Volume (24h): -

Resistance Levels
Resistance 3$80,509.43
Resistance 2$79,054.63
Resistance 1$77,728.65
Price$76,600.01
Support 1$76,055.22
Support 2$74,559.43
Support 3$72,673.46
Pivot (PP):$76,834.15
Trend:Sideways
RSI (14):43.8

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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