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via Bitcoin Magazine · By Bitcoin Magazine Editorial

Mitchell Askew Explains What 15M Inactive BTC Means For Bitcoin’s Next Move

BTC

BTC/USDT

$84,014.04

+0.03%

$84,014.04

+0.03%

(24s)

24h Volume

$15,805,087,160.04

24h H/L

$85,255.00 / $83,183.00

Change: $2,072.00 (2.49%)

Long/Short

58.4%

Long: 58.4%Short: 41.6%

Funding Rate

+0.0010%

Longs pay

Data provided by COINOTAG DATALive data

Bitcoin

Daily

$84,007.02

▼ -0.11%

Volume (24h): -

Resistance Levels

Resistance 3$87,335.96

Resistance 2$85,667.07

Resistance 1$84,048.83

Price$84,007.02

Support 1$83,103.66

Support 2$80,169.72

Support 3$77,064.96

Pivot (PP):$84,179.33

Trend:Uptrend

RSI (14):63.9

Bitcoin Magazine Editorial

(01:18 PM UTC)

1 min read

Approved byEmily Watson

0 comments

Bitcoin is rallying despite a Fed rate hike and the failure of the Clarity Act, and the on-chain data suggests sellers may be nearly exhausted. Mitchell Askew, Head of Blockware Intelligence, breaks down long-term holder supply, which hit an all-time high of 15 million BTC this summer. He explains why so many coins sitting still signals more room for price to run. He also shares what Bitcoin…

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Source

Bitcoin Magazine Editorial · Bitcoin Magazine

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