Bitcoin is approaching a critical resistance level as long-term holders approach a 350% profit margin. Its current price of 96,256.73 USD, down 0.35%, indicates investor caution. The resistance at 98,000 USD may complicate movement towards reaching 100,000 USD.
A shift in market dynamics shows retail investors driving down their participation, while seasoned holders are increasing their positions. Derivatives trading has seen significant drops in volume, signaling a wary investor sentiment as they await clearer market indicators.
Leave a Reply