Rising Demand Signals Possible Bitcoin Recovery Amid Recent Price Correction
The post Rising Demand Signals Possible Bitcoin Recovery Amid Recent Price Correction appeared on BitcoinEthereumNews.com. Daily capital inflows for Bitcoin have reached an impressive $1.8 billion, showcasing strong demand even amid recent price fluctuations. Despite a drop in price to $104K, market sentiment remains bullish as investors anticipate potential rebounds in the coming days. “The demand for Bitcoin is nearing the peak levels typically seen during bull markets,” stated CryptoQuant analyst Axel Adler. Bitcoin sees $1.8 billion in daily capital inflow, highlighting strong demand despite price fluctuations. What does this mean for market trends? Fresh capital keeps flowing in Bitcoin recorded over $1.8 billion in Net Capital Flows on May 29th, a peak not seen since the November 2021 bull run. This remarkable inflow closely mirrors those of previous cycle tops, such as when capital inflow reached $3.6 billion at a price of $73K and $4.5 billion at $92K. Such consistent capital infusion, even at higher price points, indicates investor optimism about future growth rather than a nearing market apex. Whales lead the charge Evidence of strong market conviction is visible on-chain. Whale investors have acquired nearly 20,000 BTC within just two days, all while over 50,000 BTC withdrew from exchanges—showing a clear trend towards accumulation rather than distribution. The Bitcoin exchange netflow has been negative for the first time this year, signaling the growing dominance of buyers in the market. Seven consecutive days of negative net flow illustrate that buyers have established a solid position in the market. Despite Bitcoin’s recent upward movement, many investors continued to accumulate assets during price rises. As Bitcoin dipped below $110,000, savvy investors seized the opportunity to broaden their positions, indicating robust market confidence. Short-term pain, long-term conviction Even with strong fundamentals, Bitcoin’s price has experienced volatility. This recent downturn appears to be influenced more by macroeconomic factors than by market sentiment. The Short Term Holder SOPR indicates…
The post Rising Demand Signals Possible Bitcoin Recovery Amid Recent Price Correction appeared on BitcoinEthereumNews.com.
Daily capital inflows for Bitcoin have reached an impressive $1.8 billion, showcasing strong demand even amid recent price fluctuations. Despite a drop in price to $104K, market sentiment remains bullish as investors anticipate potential rebounds in the coming days. “The demand for Bitcoin is nearing the peak levels typically seen during bull markets,” stated CryptoQuant analyst Axel Adler. Bitcoin sees $1.8 billion in daily capital inflow, highlighting strong demand despite price fluctuations. What does this mean for market trends? Fresh capital keeps flowing in Bitcoin recorded over $1.8 billion in Net Capital Flows on May 29th, a peak not seen since the November 2021 bull run. This remarkable inflow closely mirrors those of previous cycle tops, such as when capital inflow reached $3.6 billion at a price of $73K and $4.5 billion at $92K. Such consistent capital infusion, even at higher price points, indicates investor optimism about future growth rather than a nearing market apex. Whales lead the charge Evidence of strong market conviction is visible on-chain. Whale investors have acquired nearly 20,000 BTC within just two days, all while over 50,000 BTC withdrew from exchanges—showing a clear trend towards accumulation rather than distribution. The Bitcoin exchange netflow has been negative for the first time this year, signaling the growing dominance of buyers in the market. Seven consecutive days of negative net flow illustrate that buyers have established a solid position in the market. Despite Bitcoin’s recent upward movement, many investors continued to accumulate assets during price rises. As Bitcoin dipped below $110,000, savvy investors seized the opportunity to broaden their positions, indicating robust market confidence. Short-term pain, long-term conviction Even with strong fundamentals, Bitcoin’s price has experienced volatility. This recent downturn appears to be influenced more by macroeconomic factors than by market sentiment. The Short Term Holder SOPR indicates…
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