BREAKING :
🇺🇸 Blackrock ETF has sold $61,500,000 in Bitcoin https://t.co/nYI0IEllH5
BREAKING :
🇺🇸 Blackrock ETF has sold $61,500,000 in Bitcoin https://t.co/nYI0IEllH5
The "running out of sellers" setup tends to drag. Last cycle LTH supply peaked early and BTC chopped sideways for weeks before any real move. Sellers being exhausted doesn't mean buyers show up tomorrow, and that gap is where most longs get shaken out.
Long-term holders now control over 81% of Bitcoin’s supply.
Old coins have gone quiet, revived supply has collapsed, and speculative capital is already near bear market floor territory.
This is why Bitcoin looks less like fresh collapse and more like a market running out of sellers 👇🏼
$BTC daily
Unbelievably clean price action.
A bullish cross of the 50/100 EMA is approaching. As you already guessed, this only happens after the bottom is in.
If we reclaim the February high, then we are not just going to test the 200 MA again, we're blasting through it. https://t.co/F3qVozl5sR
$BTC daily
I don't think people understand how hard this setup can rip through the 200 MA if support holds. https://t.co/pCW7p4ceG9
Bitcoin (BTC) is a digital asset and a payment system invented by Satoshi Nakamoto who published a related paper in 2008 and released it as open-source software in 2009. The system featured as peer-to-peer; users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. The ledger uses bitcoin as its unit of account. The system works without a central repository or single administrator, which has led the U.S. Treasury to categorize bitcoin as a decentralized virtual currency. Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value by now.