BTC Buyer Strength Hints at More Gains Ahead
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Bitcoin at all-time highs is a cue to buy, not sell, the latest analysis shows, with spot takers still dominant on exchange order books.
Bitcoin buyer interest remains strong at all-time highs, contrasting with the first touch of $100,000 in 2024.
The BTC price uptrend “may continue” as a result, CryptoQuant analysis concludes.
Bitcoin short-term holders are firmly in the black in a further potential bull market boost.
Bitcoin buyers remain dominant on exchanges as all-time highs are met with unusual optimism.
BTC price all-time highs continue to find support among traders, with buyers staying dominant despite the market surging 50% in under two months.
Analyzing 90-day CVD, CryptoQuant contributor Ibrahim Cosar reveals the extent to which sellers have ceded control during that period.
“In short: Buy orders (taker buy) have become dominant again. In other words, more buy orders are being placed in the market than sell orders,” he summarizes.
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