Long-term Bitcoin holders are minimizing their sales, attributed to an LTH Distribution Pressure Index of -1.628. This suggests they are accumulating rather than distributing, as the daily expenditure has fallen to 221 BTC.
Bitcoin’s trading price approaching 89,000 USD is reflected in a tightening circulating supply. The Stock-to-Flow Ratio has increased to 798.8k, indicating improvements in scarcity post halving.
Spot buyers maintain dominance in the market with consistent aggressive purchases as reflected by a 90-day Spot Taker CVD. The Bitcoin price action indicates consolidation, trading between 84,473 USD and 93,476 USD.
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