Is Bitcoin ready to break $119K? – What THIS macro indicator tells us
The post Is Bitcoin ready to break $119K? – What THIS macro indicator tells us appeared on BitcoinEthereumNews.com. Key Takeaways Bitcoin’s heat index at 44% reflects neutral macro pressure. Realized profits are falling but still elevated. Whale outflows outpaced inflows, suggesting brewing distribution. Technical indicators hint at a near-term retest of support. Bitcoin’s [BTC] macro temperature stabilized at 44%, indicating a neutral market zone where neither bulls nor bears dominate. This value, derived from the Bitcoin Heat Macro Phase index, suggests the market is neither overheated nor undervalued—an in-between zone reflecting hesitation across major participants. At press time, BTC hovered near $118,000, absorbing modest ETF inflows and recent profit-taking. Without strong directional conviction, the price action hints at either a breakout or deeper consolidation ahead. Source: Axel Adler Is realized profit cooling off or simply taking a breather at $1.4B? Following Galaxy Digital’s 80K BTC distribution, the Net Realized Profit/Loss metric surged to $3.2 billion before sharply declining to $1.4 billion. This drop indicates that the market is beginning to digest the incoming supply without triggering a sharp price correction. That said, profit-taking remains elevated. While aggressive selling has cooled, the current levels still imply caution—BTC hasn’t yet re-entered a clean accumulation phase. Source: Axel Adler Are large holders rotating capital or preparing for broader distribution? Over the last 7 days, Large Holder Outflows skyrocketed by 178.67%, while inflows increased by only 70.22%. This imbalance shows that more BTC is leaving whale wallets than entering, often a precursor to distribution. The outflows—spiking beyond inflows—suggest that some large entities are reducing exposure or strategically redistributing assets. Although inflows still reflect some accumulation, the outflow dominance introduces a bearish undertone. Source: IntoTheBlock Will Bitcoin break resistance or retreat from its overheated zone? Technically, at press time, BTC remained within an ascending channel, trading around $118.2K, just below the key $119.9K resistance and upper Bollinger Band. Support was near $116.4K, cushioning…
The post Is Bitcoin ready to break $119K? – What THIS macro indicator tells us appeared on BitcoinEthereumNews.com.
Key Takeaways Bitcoin’s heat index at 44% reflects neutral macro pressure. Realized profits are falling but still elevated. Whale outflows outpaced inflows, suggesting brewing distribution. Technical indicators hint at a near-term retest of support. Bitcoin’s [BTC] macro temperature stabilized at 44%, indicating a neutral market zone where neither bulls nor bears dominate. This value, derived from the Bitcoin Heat Macro Phase index, suggests the market is neither overheated nor undervalued—an in-between zone reflecting hesitation across major participants. At press time, BTC hovered near $118,000, absorbing modest ETF inflows and recent profit-taking. Without strong directional conviction, the price action hints at either a breakout or deeper consolidation ahead. Source: Axel Adler Is realized profit cooling off or simply taking a breather at $1.4B? Following Galaxy Digital’s 80K BTC distribution, the Net Realized Profit/Loss metric surged to $3.2 billion before sharply declining to $1.4 billion. This drop indicates that the market is beginning to digest the incoming supply without triggering a sharp price correction. That said, profit-taking remains elevated. While aggressive selling has cooled, the current levels still imply caution—BTC hasn’t yet re-entered a clean accumulation phase. Source: Axel Adler Are large holders rotating capital or preparing for broader distribution? Over the last 7 days, Large Holder Outflows skyrocketed by 178.67%, while inflows increased by only 70.22%. This imbalance shows that more BTC is leaving whale wallets than entering, often a precursor to distribution. The outflows—spiking beyond inflows—suggest that some large entities are reducing exposure or strategically redistributing assets. Although inflows still reflect some accumulation, the outflow dominance introduces a bearish undertone. Source: IntoTheBlock Will Bitcoin break resistance or retreat from its overheated zone? Technically, at press time, BTC remained within an ascending channel, trading around $118.2K, just below the key $119.9K resistance and upper Bollinger Band. Support was near $116.4K, cushioning…
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