The latest data described by Glassnode, the crypto money market analysis firm, Bitcoin $103,805.78It reveals that it is in a strong accumulation process, especially on Coinbase and Binance platforms. When the company examined the investor activities in these two major stock exchanges, the demand for Bitcoin has increased. Glassnode’s assessments on the market, purchase-sale volume data also indicate the current trend.
Spot intense purchases in the market
Glassnode has determined an increase in purchase direction in non -chain transactions in the stock exchanges. According to the company’s analysis, the procurement pressure on Coinbase remained at high levels, while in Binance, a significant decrease in sales printing was experienced. Especially in short -term price decreases, investors adopt the “Fall” approach. This tendency may indicate that investors’ confidence in Bitcoin continues.
Glassnode: “Non -chained spot flows have also turned into a positive; Coinbase has been intense net print pressure, while the sales pressure in Binance decreased. This shows that the behavior of the two large stock exchanges is dominant.”
Support Zones and Investor Snow Analysis
According to Glassnode’s analysis, the last 30 -day purchase trends reveal that a strong support zone is formed between $ 93,000 and $ 95,000. It is stated that this range may be an important point of demand for short -term market retreats.
Glassnode: “This area can function with a strong level of support for possible short -term market retreats and reflects a valuable demand zone for investors.”
In addition, the “short -term owners’ profit/loss ratio ğı followed by the company reveals that most of the investors who have been holding Bitcoin for less than 155 days are profitable. It is emphasized that this rate is above 9, that is, more than 90 percent of the short -term supply is profitable.
Glassnode: “As long as this rate remains well above 1.0 level, it can be said that the tendency to rise continues. However, if the rate goes down for a long time, the possibility of changes in market power and weakening of the tendency may arise.”
Derivative markets and purchasing trends
In the analysis, it is noted that derivative markets have not yet fully adapted to the rise in the spot market. It is observed that open positions and financing rates in futures and options do not fully accompany spot market dynamics. It is stated that there is a cautious but optimistic attitude in option operations and there are no long positions in futures.
Glassnode: “The derivative markets have not yet been able to keep up with developments. Open positions and financing rates are not fully compliant with the upward acceleration in the spot market. Option market is cautious but optimistic.
The report also shared that Bitcoin was traded at the current level of $ 104.191 and an increase of 1 percent in the last 24 hours. In the general appearance of the market, investor behaviors and technical indicators in the short term give positive signals; However, it is stated that derivative markets do not completely reflect the rise in the spot market.
The recent intense accumulation and increasing demand in the crypto currency market attracts attention. According to the technical indicators of the analysis company Glassnode, some price levels are critical and short -term behavior of investors can lead to mobility in the market. Market viewers continue to watch indicators such as support levels and short -term investor profit rates. These indicators and analyzes serve to provide information about investors’ potential tendencies. According to data, the tendency of investors to purchase in the near term seems dominant. On the other hand, since the rate of capturing the developments of the derivative markets is limited, it is careful whether a more balanced price movement will be monitored in the entire market.
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.
