Bitcoin has been locked in a tight consolidation range since late November, frustrating traders and fueling growing speculation about a major move ahead. Volatility has compressed, price has stabilized near key psychological levels, and market participants are increasingly divided on what comes next. Some analysts argue that this prolonged consolidation is laying the groundwork for…
Bitcoin’s long-term holder cohort is still expanding, but a key profitability gauge has slipped back below neutral, creating a more cautious read on market structure even as older supply continues to move out of circulation.In an April 17 market note, on-chain analyst Axel Adler Jr. said Bitcoin’s LTH Realized Supply climbed from 5.26 million BTC…
On-chain data shows the Bitcoin long-term holder SOPR has recently observed spikes, suggesting that this cohort is still continuing to sell. Bitcoin Long-Term Holder SOPR Spiked Up When Price Crossed $30k As pointed out by a CryptoQuant post, selling pressure in the market still looks to be high as long-term holders are also looking to…