Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s (BTC) $2.25
Billion Exchange Outflow
May Fuel Its Return
to anAll-Time High
Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin) has experienced a 5% dip over the past week. As of this writing,
the leading coin trades at $96,905, below the key $100,000 price level.
Interestingly, the recent decline has not sparked a wave of sell-offs. This
suggests that the bullish sentiment remains strong, and market participants
expect the coin s price to rise back above $100,000 in the near term.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Sees Decline in Selloffs
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According to CryptoQuant’s data, BTC net outflows from cryptocurrency
exchanges over the past week have exceeded $2.5 billion. Net outflows from
exchanges track the amount of coins or tokens withdrawn from exchange wallets.
When an asset’s exchange outflow spikes, it indicates a shift towards holding
assets in private wallets rather than trading or selling. This often signals a
bullish sentiment, as investors may expect prices to rise. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Exchange
Netflow. Source: CryptoQuant
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Commenting on its implications for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin, pseudonymous CryptoQuant analyst
KriptoBaykusV2 noted in a recent report :
“If the trend of Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin outflows continues, this could reduce selling
pressure in the market. With fewer Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin available on exchanges and demand
staying the same or increasing, prices could see upward momentum.”
Additionally, the coin s positive funding rate supports the likelihood
of this upward projection in the near term. Currently, the funding rate in
perpetual futures markets stands at 0.0081. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Funding Rate. Source:
CryptoQuant
When an asset’s funding rate is positive, it means long positions are paying
short positions. This indicates that the market sentiment is bullish, with
traders expecting prices to rise.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price Prediction: Coin Battles Dynamic Resistance at $100,000
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The broader market drawdown has caused BTC’s price to fall below the Leading
Span A of its Ichimoku Cloud, which forms a dynamic resistance at $100,160.
This indicator tracks the momentum of an asset’s market trends and identifies
potential support/resistance levels.
When an asset s price trades below the Leading Span A of the Ichimoku
Cloud, it indicates a bearish trend as selling pressure is strong and buyers
are struggling to push the price higher. This scenario often signals further
downside potential unless the price breaks back above the cloud. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price
Analysis. Source: TradingView
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price successful break above this level will propel it toward its
all-time high of $108,388. On the other hand, a failed attempt to break above
this resistance could cause Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin s price to decline to $95,690.
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