Is Bitcoin's $100,000 Stability Hiding a Coming Price Shift?
Bitcoin is currently experiencing a period of stability around the $100,000 mark, influenced by selling from long-term holders since the launch of exchange-traded funds (ETFs). This trend has been met with strong institutional interest, as corporations begin to allocate Bitcoin into their treasuries.
The influx of new buyers is creating a supportive 'flywheel' effect, yet recent data indicates a decline in apparent demand, raising concerns about potential price imbalances. Long-term holders, referred to as 'OGs,' are reportedly divesting their assets, which could suggest that the current price is nearing a peak.
Nevertheless, Bitcoin ETFs continue to attract significant inflows, demonstrating sustained interest from investors. As market dynamics shift, macroeconomic factors may further influence Bitcoin's trajectory.
The press radar on this topic:
Will Bitcoin retrace as “apparent demand” signal flips negative?
Bitcoin price stuck as OGs are ‘dumping on Wall Street’: Analyst
Bitcoin ETFs mark third week of consecutive inflows as BTC holds steady
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