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via Decrypt · By Decrypt Editorial

Bitcoin Is Getting Closer to the Bottom, But Demand Is Falling: CryptoQuant

BTC

BTC/USDT

$62,435.99

-2.95%

$62,435.99

-2.95%

(24s)

24h Volume

$18,989,001,219.10

24h H/L

$64,478.00 / $62,272.07

Change: $2,205.93 (3.54%)

Long/Short

66.1%

Long: 66.1%Short: 33.9%

Funding Rate

-0.0015%

Shorts pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$62,654.57

▼ -0.48%

Volume (24h): -

Resistance Levels

Resistance 3$68,191.60

Resistance 2$64,790.26

Resistance 1$62,971.83

Price$62,654.57

Support 1$61,914.37

Support 2$60,472.98

Support 3$59,130.91

Pivot (PP):$62,717.25

Trend:Downtrend

RSI (14):34.2

Decrypt Editorial

(05:47 PM UTC)

1 min read

Verified byMichael Roberts

1388 views

0 comments

In brief

Bitcoin moved closer to its realized price, or the average cost basis, for market participants last week as it fell below $60,000.
The marker has typically been a key structural point for market bottoms, CryptoQuant said.
However, demand is fading and not ready to support price growth, highlighted by significant outflows from Bitcoin ETFs.

As Bitcoin fell below $60,000 last week for…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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Source

Decrypt Editorial · Decrypt

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