- Marathon Digital announces an ambitious plan to further Bitcoin investment.
- Bitcoin supply reserve in all exchanges hits the lowest level since 2018.
Marathon Digital, a leading Bitcoin [BTC] mining firm, plans to raise $250 million to buy more Bitcoin.
After purchasing $100 million worth in July, Marathon now holds 20,000 BTC. Recent data shows that large investors, known as whales, have been steadily increasing their BTC holdings over the past few months, signaling strong market confidence.
This institutional involvement has been evident in the steady rise of accumulation indicators which have been supported by different metrics including supply reserves.
Source: CryptoQuant
BTC reserves on all exchanges have also dropped to their lowest level since 2018, with a significant decline observed since the start of this year.
This suggests that institutions are steadily accumulating Bitcoin, likely because they anticipate a positive market trend.
Such a decline in available supply is a strong bullish signal, indicating growing investor confidence in Bitcoin’s future.
For this reason, this is the time to consider a bullish stance on BTC as the market shifts.
Liquidation levels
Over $15 billion in BTC short positions will be liquidated when the price hits $72K, according to Coinglass.
Significant liquidity lies between $70K and $72K, suggesting a market shift as big institutions accumulate BTC for long-term gains.
Source: Coinglass
Bitcoin opens another CME gap
This week, Bitcoin has created another CME gap, adding to the two big gaps it closed recently, with the latest close at $63K marking a local top.
A new gap now sits above the $61K price mark. While gaps don’t always close, they often do, signaling price rallies towards the gap.
Source: TradingView
Bitcoin RSI on Fibonacci levels analysis
The AMBCrypto analysis team noted the 2-week Bitcoin RSI hit the cycle tops, but the 3-week RSI provided a clearer view of the market sentiment.
Is your portfolio green? Check out the BTC Profit Calculator
BTC’s RSI pattern now mirrors the 2016-2017 period when it aimed for new highs.
Unlike previous cycle peaks, this suggests that the March 2024 move was significant, but the belief is that the bull market could continue for over a year once institutions finish accumulating.
Source: TradingView
- Marathon Digital announces an ambitious plan to further Bitcoin investment.
- Bitcoin supply reserve in all exchanges hits the lowest level since 2018.
Marathon Digital, a leading Bitcoin [BTC] mining firm, plans to raise $250 million to buy more Bitcoin.
After purchasing $100 million worth in July, Marathon now holds 20,000 BTC. Recent data shows that large investors, known as whales, have been steadily increasing their BTC holdings over the past few months, signaling strong market confidence.
This institutional involvement has been evident in the steady rise of accumulation indicators which have been supported by different metrics including supply reserves.
Source: CryptoQuant
BTC reserves on all exchanges have also dropped to their lowest level since 2018, with a significant decline observed since the start of this year.
This suggests that institutions are steadily accumulating Bitcoin, likely because they anticipate a positive market trend.
Such a decline in available supply is a strong bullish signal, indicating growing investor confidence in Bitcoin’s future.
For this reason, this is the time to consider a bullish stance on BTC as the market shifts.
Liquidation levels
Over $15 billion in BTC short positions will be liquidated when the price hits $72K, according to Coinglass.
Significant liquidity lies between $70K and $72K, suggesting a market shift as big institutions accumulate BTC for long-term gains.
Source: Coinglass
Bitcoin opens another CME gap
This week, Bitcoin has created another CME gap, adding to the two big gaps it closed recently, with the latest close at $63K marking a local top.
A new gap now sits above the $61K price mark. While gaps don’t always close, they often do, signaling price rallies towards the gap.
Source: TradingView
Bitcoin RSI on Fibonacci levels analysis
The AMBCrypto analysis team noted the 2-week Bitcoin RSI hit the cycle tops, but the 3-week RSI provided a clearer view of the market sentiment.
Is your portfolio green? Check out the BTC Profit Calculator
BTC’s RSI pattern now mirrors the 2016-2017 period when it aimed for new highs.
Unlike previous cycle peaks, this suggests that the March 2024 move was significant, but the belief is that the bull market could continue for over a year once institutions finish accumulating.
Source: TradingView
can you buy generic clomiphene without insurance get clomiphene without rx can i buy generic clomid pill how can i get clomiphene price can i order generic clomid without rx clomiphene pregnancy can i purchase clomid without a prescription
More text pieces like this would create the интернет better.
The sagacity in this ruined is exceptional.
zithromax 500mg price – order ciplox for sale flagyl online buy
buy generic semaglutide 14mg – cyproheptadine over the counter order periactin 4 mg generic
buy motilium 10mg – buy cyclobenzaprine tablets order cyclobenzaprine
where to buy augmentin without a prescription – atbioinfo.com purchase ampicillin pills
order esomeprazole 20mg sale – anexamate buy esomeprazole 20mg pills
warfarin medication – anticoagulant buy cheap cozaar
purchase meloxicam without prescription – moboxsin buy generic mobic
order prednisone 5mg online cheap – adrenal buy prednisone 10mg online
medication for ed dysfunction – buy ed pills medication best natural ed pills
purchase amoxil online cheap – cheap amoxicillin generic amoxil order
fluconazole without prescription – https://gpdifluca.com/# order fluconazole 100mg sale
cenforce order – https://cenforcers.com/ buy cenforce 100mg online
is there a generic cialis available in the us – click cialis erection
cialis professional review – https://strongtadafl.com/# cheap canadian cialis
order zantac online cheap – https://aranitidine.com/ zantac sale
viagra sale high street – https://strongvpls.com/ cheap viagra cialis levitra
More posts like this would add up to the online time more useful. on this site
More peace pieces like this would insinuate the web better. https://buyfastonl.com/amoxicillin.html
More delight pieces like this would urge the интернет better. https://ursxdol.com/doxycycline-antibiotic/
This is the type of advise I recoup helpful. https://prohnrg.com/
More articles like this would frame the blogosphere richer. https://aranitidine.com/fr/viagra-100mg-prix/
The thoroughness in this piece is noteworthy. https://ondactone.com/spironolactone/
More posts like this would persuade the online space more useful.
reglan 10mg brand
I couldn’t turn down commenting. Warmly written! http://bbs.yongrenqianyou.com/home.php?mod=space&uid=4271946&do=profile
buy forxiga 10 mg online cheap – https://janozin.com/# dapagliflozin without prescription
buy xenical – order orlistat generic orlistat 120mg brand
Thanks on sharing. It’s first quality. http://zgyhsj.com/space-uid-979360.html