The Bitcoin’s Bull Market has not ended, as it is late – here is the reason star-news.press/wp

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Bitcoin’s Bull Run is still intact, led by institutions with retail trade until now, indicating more bullish direction.

Bitcoin’s (BTC) Bull Run may feel the top. After opening it at 119,720 dollars, BTC decreased by 2.25 % Intday, printing the longest red candle per month.

But she was not selling panic. Glassnode data shows that investors are closed at $ 3.5 billion of achieved profits. It is worth noting that this represents one of the largest nails this year, with more than half that comes from long -term holders.

According to Ampcrypto, this difference is important. In fact, the factor that constitutes how the next station of Bitcoin Bull Run can be revealed while heading to the Q3.

Strategic sale reflects the market entitlement

OG Bitcoin supplies if moved. According to Cryptoquant, 14 years old whale Only 20,000 BTC was unloaded from 80,000 BTC Treasury, which indicates that LTHS started strategically out.

Slides of sale through two Long liquidity groups in less than 24 hours, each of them is more than $ 60 million of open interest.

The result? A sharp decline that erases two days of gains, leading to BTC to $ 116,000 to $ 117,000.

However, the market is not floundering. The indicator of fear and greed remains High In 70, which confirms an ongoing upward appetite. This strengthening, net flows rose to the highest annual level, with 15.6 km to the stock exchanges.

Source: Cryptoquant

Completely, the data indicates that the market does not get rid of or absorb. Instead, it is simply making gains. This is a healthy dynamic for the bull market, structurally sound.

In this context, smart funds look forward to high condemnation. If Bitcoin re -visits the $ 110,000 area and confirm it as support, it may be a starting point for the next vertical leg from Bitcoin’s Bull Run.

Bitcoin Bull Run still has space for operation

As I noticed Ambrypto, this was the most aggressive bitcoin yet. Weekly gains reached 12 %, and OI rose to ATH 87 billion dollars, making the profits almost inevitable.

In fact, Nick Booker, the encryption analyst and founder of the “currency office”, told Ambrypto that the last shakeout is a re -remedy on greed. With the leverage extended, the market for cooling was before the upcoming leg rising.

He pointed out,

“Unlike the previous highlands at all, future financing rates are still at normal levels, which means that the risk of consecutive references is low. Moreover, interest rates are still high, and money printers have not been operated yet.”

Follow Booker,

“This gathering is still driven by institutional capital, while the typical signs of retail sharing – the high search movement in the search and categories of encryption applications – are absent. I do not see them involved in a meaningful way until we reach about $ 150,000 and kick FOMO.”

From Macro lens, BTC rose to this point without reducing one rate, which means that real liquidity has not yet been kick. Add to that the lack of FOMO segmentation, and may still Bitcoin’s Bull Run still in the foreground.

The retail address to the institution supports this opinion.

Source: micromacro

The percentage has now decreased to the lowest annual level, coinciding with Bitcoin climbing to $ 120,000. This indicates this Institutions They lead this gathering, while retail investors are still very dominant.

In short, Ron Bitco’s Bull.

With proper risk appetite, the absence of retail in the absence, and the Macro’s background can welcome price discounts before the end of the year, it seems that BTC is ready to ignite his next leg towards new levels at all.