BREAKING
258d 22h ago

Long-Term Holders Seize Bitcoin Accumulation Opportunity Amid Market Reset

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

In recent developments reported by Cointelegraph, Blockchain analyst Amr Taha highlighted significant market behavior shifts. As the crypto landscape evolves, over-leveraged short-term traders have been systematically liquidated, providing a dynamic opportunity for long-term holders. This influx of selling pressure has prompted seasoned investors to strategically bolster their Bitcoin positions, capitalizing on the market reset. Long-term holders (LTH) are not only persisting through the volatility but are also actively accumulating assets during this pivotal juncture. With margin calls escalating among less resilient traders, the calculated approach of LTH is paving the way for enhanced market stability. Observers note that this trend could signify a robust consolidation phase, positioning long-term investors favorably as they navigate the complexities of the ever-changing crypto market landscape.

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