Bitcoin $108,867.65After seeing the highest level of all time, it has been released in a narrow price band for a few weeks, but the pulse of the market is still high. According to Glassnode, the over -chain data provider, processing volumes in almost every field, including spot exchanges and derivative markets, increases exponentially; This indicates that the rally maintains its power. Coin flows from corporate and individual wallets not only attract new buyers, but also keep investors’ desire to sell profits relatively. Analysts emphasize that the $ 120,000 threshold will be the first serious exam if the rise acceleration continues.
The transaction volume on the chain and stock exchanges increased
According to Cambridge -supported research, the amount of bitcoin entering the stock market in the last thirty days exceeded 27 000 Coin in the daily average; This figure is about 35 %of the level recorded at the summit of the previous cycle. In the same period, the open position value in the futures transactions approached $ 40 billion, while the open interest in the option market climbed over $ 18 billion. The fact that the volume increase rate in the stock exchanges reaches one third of the total volume on the chain shows that liquidity concentrates on the central platforms and paves the ground for the sharpening of price movements by feeding the volatility.
The Glassnode report says that the rise in the tendency of long -term investors is still moderate compared to previous bull markets. Although the average profitability rate rises to 66 %, the over -chain profit realization is far behind the 2021 peak points. In other words, while the sale of old Coins while continuing to enter fresh money is under control. This balance creates hope that the trend can remain long -term and reduces the anxiety of ım I’m late ”to the newly entry investor.
How does the US tax agenda affect market psychology
Additional customs duties in Washington create a wide range of fluctuations from stock indices to commodity prices, while the crypto currency investor closely follows the geopolitical tension. The decision of the International Court of International Commercial Court, which canceled the “mutual taxes önemli in the Trump period, triggered a new legal struggle with the objection of the White House; The uncertainty will continue until the final course of the decision becomes clear. The possibility of slowing the trade flow suppresses US bond returns, while the search for protecting global liquidity makes Bitcoin a defensive port in the short term.
The price trapped on the technical façade 112 000–115 000 dollars can be accelerated towards $ 120 000 if it experiences a volume -supported break. Glassnode data shows that 990 000 Coin has changed hands in the area in question and a short -term vendor wave can be seen on a possible rise. Nevertheless, the pressure of profit sales is limited for now; In the option market, protection costs remain relatively low. Investor’s psychology pricts the theme of bir another running before a strong correction comes.
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.
