Hello Traders
As you can see in the chart above bitcoin has consolidated for a while and volume has dropped 5B$ since yesterday, but OI stayed the same and even moved slightly higher,
On the Onchain side, long-term holders had increased slightly and there were massive realized losses, creating a bullish momentum.
The sentiment of the market seems more bullish than it was in the previous months, and the dominance has increased to 41.7% over the weekend.
all these data indicate that Bitcoin is bringing back attention to the market.
Note that this is an intraday analysis and is only valid for a couple of days or even hours.
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What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you won't miss the updates. The information given is never financial advice. Always do your research too.
Good luck.
As you can see in the chart above bitcoin has consolidated for a while and volume has dropped 5B$ since yesterday, but OI stayed the same and even moved slightly higher,
On the Onchain side, long-term holders had increased slightly and there were massive realized losses, creating a bullish momentum.
The sentiment of the market seems more bullish than it was in the previous months, and the dominance has increased to 41.7% over the weekend.
all these data indicate that Bitcoin is bringing back attention to the market.
Note that this is an intraday analysis and is only valid for a couple of days or even hours.
------------------------------------------------------------------------
What is your opinion? Comment below.
If you like the idea, please hit the boost button and follow me so you won't miss the updates. The information given is never financial advice. Always do your research too.
Good luck.
