Bithumb Launches $201 Million Dormant Asset Recovery Campaign
- Asset Recovery Initiative: Bithumb has launched a dormant asset recovery campaign targeting 2.6 million accounts, involving over $201 million in customer assets, aimed at helping users reclaim assets that have been inactive for over a year, thereby enhancing customer satisfaction and platform engagement.
- Dormant Asset Scale: According to Bithumb, the total dormant assets amount to approximately 291.6 billion Korean won (about $201.8 million), with the largest dormant holding identified at around $2.84 million, reflecting the underutilization of assets held by early crypto market participants.
- Investment Returns: Some dormant assets have posted returns exceeding 61,000%, highlighting significant gains during previous bull market cycles, which further underscores the volatility and potential value within the cryptocurrency market.
- Market Implications: This asset recovery effort not only assists users in rediscovering unclaimed assets but also has the potential to release unrealized liquidity, impacting market supply and demand dynamics, and encouraging more users to re-engage with the crypto market.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36072.728 | 48036.364 | 60342.748 | 72306.384 | 84612.768 | 96576.404 | 108882.788 |
| Fibonacci | 48036.364 | 57307.512 | 63035.236 | 72306.384 | 81577.532 | 87305.256 | 96576.404 |
About BTC
About the author







