Bitcoin buyer dominance at $111K suggests ‘another wave’ of gains

Bitcoin’s recent price peak calls for buying, not selling, with dominant buying activity on exchanges. The cumulative volume delta illustrates strong bullish sentiment among traders, forecasting potential upward movement for BTC in the current market landscape.

Short-term BTC holders report profits, suggesting a favorable climate for further gains. As recent data shows low seller activity, the market sentiment continues to lean positive, indicating sustained interest in Bitcoin amid rising prices.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts