The BTC rate continues to be held above $ 84,000 when the demand is falling

Glassnode researchers noted that the price of bitcoin is above the key level of support of $ 84,000, where about 40 thousand BTC are concentrated. Additional demand zones were formed at $ 82 090 (50,000 coins) and $ 80 920 (20,000). These levels create short -term protection against further decrease. However, the resistance intensifies in the region of $ 95,000, where the volume of purchases from the end of March grew by 12 thousand BTC.

Analysts warn that in the case of deepening correction, more powerful support zones are at $ 74,000 and $ 71,000. 49 thousand BTCs and 41 thousand BTCs are recorded at these levels, which indicates a high level of conviction among long -term investors.

According to Glassnode, Bitcoin losses are now on short -term holders (less than 155 days). New investors have encountered volatility and record losses. At the same time, long -term Kholer (more than 155 days) continue to profit and act as the main source of sales.

The volume of transactions by the last group is almost completely compensated by the losses of short -term holders. This led the market into a neutral zone, where weakening of the influx of capital and a decrease in demand is observed. Nevertheless, the activity of fixing the profit remains.

The current income levels and losses are comparable to the late phase of accumulation in 2024, when Bitcoin was traded in the $ 50,000 range – $ 70,000. The number of coins of short -term holders at a loss has reached the maximum value since 2018. However, total dollar losses remain within the normal range for the bull market.

Long -term investors resumed accumulation, increasing the total volume of held coins. This indicates the continuation of the Hodl strategy and confidence in the future growth of the bitcoin course.

Author

Peter Ivanov