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Title: 1.28 BTC bought for every Bitcoin sold: Is a new ATH coming?
Bitcoin (BTC) has been experiencing a remarkable run in recent months, with the asset consistently trading above $90,000. Despite minor retracements, the bullish momentum remains intact, fueled by persistent buying activity and an imbalance in the buy-to-sell ratio.
A report from analyst James Van Straten highlights the stark contrast between the number of buyers and sellers since September, with long-term investors continuing to fuel the market’s upward trajectory. The data reveals that for every 1 BTC sold, a staggering 1.28 BTC are bought, resulting in an unprecedented imbalance favoring accumulation.
This phenomenon is not only remarkable but also suggests a fundamental shift in investor sentiment. It appears that many participants have shifted their stance, adopting a more bullish approach to the market. As such, it’s crucial to analyze this data and understand its implications for the future of the Bitcoin market.
Source: X
Source: ambcrypto.com
