BREAKING
284d 5h ago

Bitcoin Sees Surge in Short-Term Trader Holdings, Indicating Potential Upward Trend

BTC

BTC/USDT

$71,336.87
-6.79%
24h Volume

$44,848,329,419.30

24h H/L

$76,617.73 / $70,140.00

Change: $6,477.73 (9.24%)

Long/Short
77.9%
Long: 77.9%Short: 22.1%
Funding Rate

+0.0019%

Longs pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$70,942.95

-3.04%

Volume (24h): -

Resistance Levels
Resistance 3$76,971.52
Resistance 2$74,594.61
Resistance 1$71,474.71
Price$70,942.95
Support 1$70,140.00
Support 2$66,407.06
Support 3$58,306.99
Pivot (PP):$71,474.71
Trend:Downtrend
RSI (14):20.9

COINOTAG News reports that as of April 28th, data from IntoTheBlock highlights a notable increase in the **short-term holding** of **Bitcoin** among traders. This surge signals a potential revival in **speculative demand**, which could indicate that the cryptocurrency’s recent price movements are not merely temporary fluctuations. If such **capital inflows** persist, this might suggest a fundamental shift in market sentiment, potentially marking the onset of a more sustained upward trajectory. Investors are encouraged to pay close attention to these developments, as they may reflect a broader confidence in Bitcoin’s **long-term viability** and market positioning.

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