Bitcoin dip buyers nibble at BTC range lows but are risk off until $90K becomes support

Bitcoin dip buyers nibble at BTC range lows but are risk off until $90K becomes support

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Bitcoin (BTC) The roof of the market achieved the highest new level ever reached 872 billion dollars, but the data from Glassnode reflects the insecurity of investors at the current price levels in BTC.

In a modern x publication, the analysis platform Duplicate Nevertheless, despite the CAP investigator, the rate of monthly growth of the scale decreased to 0.9 % throughout the month, which implicitly means feeling risky in the market.

Bitcoin achieved clear CAP position. Source: x.com

The maximum achieved the total value of all bitcoin at the price that the last time moved, reflects the invested actual capital, providing an insight into Bitcoin’s economic activity. The slowdown growth rate highlights a positive but low -capital flow, indicating fewer new investors or less activity than their current owners.

In addition, the profit and loss plan for Glassnode has shown a 40 % decrease, which indicates a high profit or a loss. The clearest data platform,

“This indicates saturation in investor activity and often precedes the standard of unification, as the market is looking for a new balance.”

While new investors have remained dominant, current investors may adopt a cautious approach due to the price of the short -term rights. Data from Cryptoquant Proposal The current extent current price is $ 91,600. With BTC currently combining the threshold, it means that short -term underwater holders, which may increase the sale pressure if they sell to reduce their losses.

Coinbase, Cryptocurrency, Bitcoin price, markets, price analysis, market analysis
Bitcoin holders in the short term and MVRV. Source: Cryptoquant

Likewise, the market value of Bitcoin has remained in the short term in the term, the value of the value is less than 1, a level historically linked to purchase opportunities and additional proof that short -term holders are confused.

Related: Bitcoin Us versus the exchange rate abroad and a bullish signal, a hint to the highest levels of BTC in 2025

Bitcoin cut between us and the Korean merchants

Data He appears The divergence of feelings between bitcoin merchants in the United States and Korea. Coinbase premium, which reflects the American trading, which has recently increased, indicates strong American demand and potential bitcoin prices.

On the contrary, the Kimchi Premium index decreased during the correction, indicating the late retail sharing among merchants in Korea.

This unequal demand is reflected in the recent procedures of the bitcoin price. The graph shows that the price of Bitcoin has fluctuated between a narrow range ranging from $ 85,440-82,750 dollars since April 11. On the graph for 4 hours, BTC kept support from the averages ranging from 50 days, 100 days and 200 days, but in the graph for one day, these indicators are resistant to the tourist structure.

Coinbase, Cryptocurrency, Bitcoin price, markets, price analysis, market analysis
Bitcoin graph for 4 hours. Source: CointeleGRAPH/TradingView

Related: Bitcoin gossip flips up as prices are cut at $ 85,000: Santiment

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.