Bitcoin faces pressure as $359.7 million in long positions are liquidated, yet market stabilization above $85K shows potential resilience.
Bitcoin miners are holding onto their crypto despite a significant market downturn, indicating potential recovery strategies.
Bitcoin's MVRV ratio suggests a profit-taking zone as it reaches 2.64, indicating potential price corrections. Analysts advise monitoring this indicator for further market signals. Despite recent gains, risks of a dip remain due to historical trends in MVRV ratios and short-term holder caps.
USDT daily net inflow to exchanges exceeds $1.3 billion for the second time this week, as reported by Amr Taha.
Ethereum's netflow to derivative exchanges spikes, suggesting potential price swings. Traders may be positioning for market volatility as ETH struggles to maintain a $3,000 price. Bitcoin's sentiment peaks indicate potential price corrections. Ethereum's recent trading volume remains stable despite fluctuations.
Ethereum saw a 50,000 ETH inflow into derivative exchanges, raising questions about the future price movement. This could indicate either selling pressure or confidence as traders use ETH for collateral. Ethereum is approaching a resistance level at $2,700, with potential for further price movements.
CryptoQuant analyst Amr Taha warns of a potential major Bitcoin market shift as changes in key metrics suggest significant movement. Long-term holders are taking profits, indicating reduced confidence, while short-term traders increase buying activity, creating volatility. Additionally, low Korean demand adds uncertainty to the market.
Bitcoin liquidation data suggests potential market reversal as a spike in short position liquidations hints at shifting market sentiment, per CryptoQuant analyst Amr Taha.
