🚀 Bitcoin News: Bitcoin Panic Selling Peaks as $80,000 Becomes a Key Accumulation Zone, According to Analyst
#Bitcoin #PanicSelling #AccumulationZone #OnChainData #MarketSentiment #Investors #FederalReserve #InterestRateDecision #BTCRecovery #MarketShift
On-chain data suggests that panic sentiment in Bitcoin markets may have peaked, with increasing signs of bottom-hunting activity near the $80,000 level.Key Takeaways:Declining realized losses: The second major correction on March 10 resulted in fewer realized losses than the first drop on February 28, despite a deeper price decline.Investor accumulation at $80K: On-chain data from Coinbase shows an increase in active buy orders between March 7 and March 13, signalling strong U.S. investor interest.Market sentiment stabilizing: While Bitcoin's price has yet to reflect this shift, on-chain data suggests panic selling has subsided.Fed decision could trigger a rebound: The Federal Reserve’s interest rate announcement on March 20 and Jerome Powell’s speech may serve as a market catalyst.On-Chain Data Signals a Market ShiftAccording to Murphy, an on-chain data analyst, realized losses—including both on-chain losses and those transferred to exchanges—dropped significantly during the second sell-off wave on March 10. This indicates that despite a lower BTC price, fewer traders were selling at a loss, suggesting that panic-driven exits may have exhausted themselves.Meanwhile, buying activity on Coinbase surged during the March 7-13 correction, pointing to strong demand from U.S. investors at the $80,000 level.“The data is ahead of the price and reflects short-term market expectations, but the price has yet to clearly respond. The market may be waiting for a trigger,” Murphy explained.Federal Reserve Decision Could Spark a ReboundThe next major macroeconomic event is the Federal Reserve’s interest rate decision on March 20 at 2:00 AM UTC, followed by Chair Jerome Powell’s remarks.Market participants believe that as long as the Fed's stance is not more hawkish than expected, conditions are in place for a short-term Bitcoin rebound. However, whether this bounce will be weak or strong depends on how the market interprets the Fed's outlook.While BTC remains in a consolidation phase, on-chain accumulation suggests investors are positioning for a potential recovery.#Bitcoin #PanicSelling #AccumulationZone #OnChainData #MarketSentiment #Investors #FederalReserve #InterestRateDecision #BTCRecovery #MarketShift
🚀 Bitcoin's Market Structure Shows Significant Accumulation Zone
#Bitcoin #URPD #MarketStructure #OnChainData #AccumulationZone #BlockBeats #Murphy #BTC #STHRP #BitcoinPrice #CryptoAnalysis
According to BlockBeats, on-chain data analyst Murphy has released an analysis of the market's chip structure. A month ago, a rapid increase in Bitcoin's price led to a lack of trading activity in the $112,000 to $114,000 range, creating a gap in the Unspent Realized Price Distribution (URPD). Typically, such gaps in URPD are eventually filled.
As of August 27, the gap between $112,000 and $114,000 has been completely filled, linking previously separate high and low chip accumulation zones. This has resulted in a large accumulation zone spanning from $93,000 to $118,000, containing 5.59 million BTC. This indicates that over 5 million BTC were purchased within this price range in the past nine months since November 20, 2024, accounting for 28% of the total circulation. Excluding long-term locked chips, such as lost coins and those held by Satoshi Nakamoto, this percentage is even higher.
In the absence of unexpected 'black swan' events, it is unlikely that Bitcoin's price will break through this range. Currently, Bitcoin is supported at the STH-RP level of $108,000, with additional support at $104,000, where 42 BTC are held. The URPD now shows no significant gaps, except for a minor one between $72,000 and $80,000. This analysis is intended for educational purposes and not as investment advice.#Bitcoin #URPD #MarketStructure #OnChainData #AccumulationZone #BlockBeats #Murphy #BTC #STHRP #BitcoinPrice #CryptoAnalysis
🚀 Bitcoin in Accumulation Zone, Says Analyst James Check
#Bitcoin #AccumulationZone #JamesCheck #OnChainAnalysis #NS3AI #MarketBottoms #Investment #TechnicalAnalysis #ValuationModels #Cryptocurrency #BTC
On-chain analyst James Check has identified that Bitcoin is currently in a textbook accumulation zone. According to NS3.AI, this assessment is based on various technical and valuation models. Current metrics have returned to levels akin to previous significant market bottoms, such as those seen in December 2018 and June 2022. The primary challenge for investors is determining the right time to enter the market, rather than waiting for a further price drop.#Bitcoin #AccumulationZone #JamesCheck #OnChainAnalysis #NS3AI #MarketBottoms #Investment #TechnicalAnalysis #ValuationModels #Cryptocurrency #BTC
🚀 Bitcoin Trades Above Realized Price, Indicating Accumulation Zone
#Bitcoin #Crypto #AccumulationZone #Trading #MarketAnalysis #CryptoQuant #RealizedPrice #NS3AI #BTC
Bitcoin is currently trading approximately 21% above its realized price of $54,286, according to data from CryptoQuant. This level remains above the threshold that has historically marked cycle bottoms. According to NS3.AI, CryptoQuant analyst Oinonen has identified the current market conditions as an accumulation zone. However, historical data suggests that the 2022 bottom was formed when the spot price was at or below the realized price.#Bitcoin #Crypto #AccumulationZone #Trading #MarketAnalysis #CryptoQuant #RealizedPrice #NS3AI #BTC