Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price’s
Rally to $100,000 Challenged By
66% Decline
in Short-
Term Demand
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s price action has been turbulent, with the leading cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта
declining from its all-time high of $108,384 to a recent low of $91,350.
The significant drawdown is largely attributed to a key investor cohort
stepping back, reducing short-term demand and creating bearish pressure.
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Investors Are Pulling Back
The Realized Cap by Age metric reveals a concerning trend in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s demand
. Short-term demand, represented by the capital received in the last seven
days, has plummeted by 66% over the past month. Currently, this hot capital is
valued at $32 billion, highlighting a steep reduction in short-term inflows
into the market.
This drop is critical, as it highlights diminishing confidence among
short-term participants, often a driving force in Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s momentum. The lack
of new capital inflows from these investors reflects growing skepticism and
contributes to Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s struggle to maintain support above key levels.
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Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Realized Cap By Age. Source: Glassnode
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s macro momentum further supports the bearish outlook, with exchange
volume momentum nearing a critical bearish crossover. The 30-day moving
average is on the verge of slipping below the 365-day moving average,
signaling sustained weakness in capital inflows.
Short-term holders, known for their aggressive buying and selling patterns,
are now pulling back. Their reduced activity mirrors the current slowdown in
demand and adds to concerns about Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s ability to recover in the short
term. This group’s cautious approach could hinder Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s path to reclaiming
higher price levels. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Exchange Volume Momentum. Source: Glassnode
BTC Price Prediction: Charting A Path To $100,000
Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin is currently trading near $95,000 after recovering from $92,600 and
securing $93,625 as a key support level. However, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта faces
challenges in sustaining this momentum amid declining short-term demand and
bearish macro indicators.
Should these factors persist, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin could lose the $93,625 support again,
leading to a potential drop to $89,800. Such a decline would further deepen
the drawdown, testing the resolve of long-term holders. Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin Price
Analysis. Source: TradingView
Conversely, Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin’s immediate goal is to breach the $95,668 resistance
level. Turning this resistance into support could provide the boost necessary
for Bitcoin• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin to reclaim $100,000. Achieving this milestone would invalidate the
current bearish outlook and reignite optimism among investors.
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