Bitcoin holders receive a long term at $ 26 billion, as BTC price recovers a “somewhat normal” correction of 30 %

Main meals:

• The bitcoin holder group has witnessed a value of $ 26 billion, as the BTC price rose to 94,900 dollars.

• Short -term holders were sold in a loss in early April.

• Bitcoin correction is 30 % with historical sessions, and BTC can find support in the area of ​​$ 88,750 and $ 91,000.

Bitcoin (BTC) Their holders (LTHS) dramatically increased their group wealth in April, as the BTC price increased from 74,450 dollars to 94,900 dollars. according to Data from CryptoquantLTHS realized the maximum market from 345 billion dollars to $ 371 billion between April 1 and April 23, which represents a profit of $ 26 billion.

This sharp increase in the CAP signals achieved LTH, which indicates that long -term holders are rewarded for flexibility through modern clouds. Experienced Bitcoin 30 % correction+ between January and early AprilPattern in line with historical market courses. Data from previous sessions in 2013, 2017 and 2021 show that these withdrawals are routine after bitcoin touch new levels at all, and the weakest hands often shake before resuming their upward direction.

Other factors also confirmed the condemnation of LTH during the correction period. Bitcoin grows A chapter of traditional markets, Especially because American stocks faced pressure from commercial wars, which have improved their investment call. While the shares declined, gold prices rose to the highest levels at $ 3500, reflecting investors’ demand for unrelated assets-a trend that is likely to enhance LTHS confidence in the bitcoin store.

On the other hand, Cointelegraph I mentioned Their bearers in the short term (STHS) returned to profit this week. However, many of them are sold at a loss during a decrease in April, which reflects their tendency to rotate positions under market pressure. This behavior repeats a frequent trend in 2024, where STHS is sold frequently to LTHS during corrections.

Bitcoin’s offer in the profit market teams refers to upward expectations, after the total profit offer has increased higher than the “Threshold of Optimism”. Currently, 16.7 million BTC in various bitcoin addresses in profit.

Historical data from 2016, 2020 and 2024 shows that when Bitcoin is constantly overcoming this main bi -up area, it often raises a major role in the bull, which leads to high prices to its highest levels within months.

Related: Bitcoin external flows, 2023 tradition, where you buy “panic” whales for sale in retail

Bitcoin may build a new range of 95 thousand dollars and 90 thousand dollars

After height to 94,900 dollars, analysts expect Bitcoin to be slowed down. Founder of MNCAPITAL, Michael Van de Bobby, Mentioned After a massive outbreak, it is natural that you have a simple correction. ”

Likewise, the unknown coding dealer Jelle Duplicate By Bitcoin tested its weekly resistance, and BTC may decrease to $ 91,000.

From a technical perspective, Bitcoin may unify between 94,900 dollars and $ 88,750 in the coming days. He suggested that the last prices be made long after its experimental gathering. On the graph for 4 hours, the main support area is between $ 90,500 and $ 88,750, which represents a fair value gap.

The breach below can nullify the bullish structure of the lower time frame (LTF), which may lead the prices to the following support area between 84,000 dollars and 86,300 dollars, as Bitcoin was previously united for a week before its strong positive outbreak.

Related: The Great Bitcoin Resistance is 95 thousand dollars – what will lead to outbreak?

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.