At present, the price trades between the 0.85 and 0.95 quantile cost basis, or in the $104.1k–$114.3k range. Historically, this zone has acted as a consolidation corridor following euphoric peaks, often leading to a choppy sideways market. Therefore, breaking below $104.1k would replay the post-ATH exhaustion phases seen earlier in this cycle, whereas a recovery above $114.3k would signal demand finding its footing and reclaiming control of the trend.
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[#BTC On-Chain Indicator Update] This indicator has now become lighter in color. This may indicate that large investors (or a large number of retail investors) are entering a period of excessive selling.
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It's getting tough, I can't hold on any longer; I'm selling at a loss, but I'm not willing to give up. Brother Maji finally closed his #PUMP long position in the early morning hours, having held it for 21 days and ended up losing $7.33 million. Interestingly, after selling at a loss, he opened two more long positions in PUMP, one profiting $44,000 and the other still holding, currently suffering a floating loss of $2,167. It's clear he's not willing to give up.
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