CryptoQuant CEO: Bitcoin Enters 'Boring' Sideways Phase as Inflows Stall
- Market Liquidity Shift: CryptoQuant CEO Ki Young Ju noted that Bitcoin inflows have significantly decreased, with capital rotating into equities and commodities, indicating that structural changes in the market make timing inflows less effective, potentially leading to a few months of stable prices rather than dramatic fluctuations.
- Holder Behavior Change: Ki emphasized that the traditional pattern of large holders selling into retail demand has weakened, as long-term institutional ownership alters supply behavior, with a stash of 673,000 BTC reducing the likelihood of a major sell-off, thus avoiding deep drawdowns similar to past bear markets.
- Investor Sentiment Divergence: While Ki urged investors to be patient, smaller investors expressed disappointment regarding the arrival of a bull market, reflecting a divergence in market sentiment that could influence short-term investment decisions.
- On-Chain Data Support: Analyst CryptoZeno pointed out that Bitcoin's Net Unrealized Profit/Loss is near 0.3, suggesting average holders are in modest profit, with a cleaner market structure, although concerns about future price volatility remain prevalent.
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 | 36103.034 | 48051.517 | 60373.054 | 72321.537 | 84643.074 | 96591.557 | 108913.094 |
| Fibonacci | 48051.517 | 57322.665 | 63050.389 | 72321.537 | 81592.685 | 87320.409 | 96591.557 |
About BTC
About the author
