Is Bitcoin’s $87K Breakout Sustainable? CryptoQuant Flags Potential Red Flags

Bitcoin’s landline market conditions (BTC) has been constant over the past few weeks, with an activity of selling from big investors and main players increases the negative direction.

weekly a report From the series of analyzes on the chain, Cryptoquant revealed that although the daily sale of BTC from the big investors has ended a little, the bitcoin mines are still overcoming their assets at a large rate.

Mines sell BTC

Since late February, the whales have been aware of losses due to the low price of bitcoin. This came after they got profits in January amid Bitcoin’s rise above $ 100,000. While this group of investors still achieve losses, daily BTC sales decreased from 800,000 in late February to about 300,000.

Since early April, the total BTC balance in whales has decreased from 3.537 million to 3.500 million, and the percentage of monthly accumulation growth decreased to zero. BTC whales accumulate at the slowest monthly pace since February – the monthly accumulation rate decreased from 2.7 % at the end of March to 0.5 % at the present time.

While the price of Bitcoin continues in the situation, miners increased the pressure on the sale to stay on his feet. External flows rose to 15,000 BTC on April 7, when BTC fell to less than $ 74,000. Analysts say this was the third largest daily flow so far in 2025. In addition to the problems of miners is the emerging bitcoin network, indicating that it has become increasingly difficult and costly to extract BTC.

In addition to low transaction fees, the average operation margin for workers decreased from 53 % in late January to 33 % today.

BTC is still in the Habboudia region

While mine and whale workers are struggling to adapt to the continuous direction of the market, BTC is still in one of them The least polished Stages since November 2022. open In previous reports, the Bull result model, which measures the upper percentage of market standards and market from 0 to 100, remains in a declining area.

The index is still hovering at 20, and it reveals that the feelings of investors are still weak and that there is a low possibility for a continuous crowd in the short term. The bull point index has been witnessing the longest series of lands in the landing lands since September 2022, when BTC was in the bear market. This model has been less than 50 for 58 days from the past 60 days, a pattern seen in July 2021, January 2022, and June 2022 during the main market corrections.

However, BTC managed Go out From the last unification stage on Monday morning, it drew a multi -price peak of more than 8,7500 dollars.