Bitcoin $83,958.40while maintaining the mobility in the bull market, market intelligence companies evaluate the dynamics behind this rise. Cryptoquant CEO, Young Ju, said Bitcoin’s current price levels are progressing under bull market conditions. Stating that the rise will continue without decreasing less than $ 75,000, Ju drew attention to the large volume transactions in Coinbase. Bitcoin’s recently strengthened network security and On-Chain data are among the main factors that support this rise.
Coinbase Effect on Bitcoin’s value increase
Last weekend, Bitcoin rose from $ 84,000 to $ 94,000 and showed great mobility. However, due to tariff effects and market imbalances, the price again fell to $ 83,000. Cryptoquant CEO, Ki Young Ju, said that large -scale investors play a role behind these fluctuations.
Ju, especially on the Coinbase platform, said that large investments triggered the rise of Bitcoin. Emphasizing that Coinbase whales play an active role in these fluctuations, CEO said that stock market flows guide Bitcoin’s course.
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The indicator of the major investor movements are decisive in the price of Bitcoin, the data are carefully monitored in market analysis. Investors continue to determine their positions by evaluating the developments in the bull market.
Network Security and On-Chain Data
In this period when Bitcoin rises, network security is also increasing. Indicators such as Hash Rate and MVRV show Bitcoin’s market position. Young Ju, the continuity of investments in the Bitcoin network is closely related to price movements, he said.
Evaluating Bitcoin’s network security, CEO said that a sales pressure may occur at the point where the flow of capital entering the network stops. Stating that the On-Chain indicators did not fully sit down, JU pointed out that the market is still open to volatility.
In the light of these data, market observers continue to evaluate the future aspect of Bitcoin, emphasizing that technical analyzes should be closely monitored. Bitcoin’s market dynamics, large investor movements and network security will continue to be shaped by factors.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
