Bitcoin Taker Sell Volume Shows Signs of Stabilization Amid Price Fluctuations
Bitcoin started the week with volatility, dipping below $100,000 before recovering. It recently achieved an all-time high above $109,000, prompting investor speculation about its next movement.
Key observations include:
- Current price is above $100,000.
- Burak Kesmeci from CryptoQuant noted a potential easing of selling pressure on Binance.
- Taker Sell Volume has shown a decline, indicating reduced selling activity.
- This trend may lead to renewed buying interest if sustained at current levels.
Taker Sell Volume Stabilization
Kesmeci's analysis indicates that fluctuations in Taker Sell Volume historically precede buying momentum. Recent data shows lower highs in this metric, signaling decreased selling pressure.
Stablecoin Market Signals
Analyst Avocado Onchain reported increased USDC deposits into exchanges, suggesting growing interest in digital assets, though this coincided with Bitcoin’s decline below $100,000.
The negative Coinbase Premium indicates weak US buying momentum, which complicates market sentiment amid concerns over AI tech stock bubbles and broader corrections in risk assets.
Avocado suggests that Bitcoin may enter a prolonged consolidation phase before any upward movement, emphasizing a long-term investment perspective.