Bitcoin’s 10% weekly gain amid worrying US economic data shows crypto trader sentiment shift
From Cointelegraph
April 11, 2025 2:30:00 pm:
Bitcoin’s long-term holder realized cap surpasses $18 billion for the first time since September 2024, signaling aggressive accumulation and potential bullish behavior. The metric has historically preceded bullish rallies, with open interest dropping by 25% in September 2024. A leverage wipeout and rising open interest suggest a possible price bottom.
BTC prices rally by almost 10% over three days after hitting a new yearly low at $74,500. Glassnode data shows strong support at $79,000, with 40K BTC accumulated there. Investor accumulation patterns highlighted in a heatmap following a rally past $81,000, driven by positive market sentiment and US CPI data. Cold Blooded Shiller notes a potential bullish breakout on Bitcoin’s 1-day chart.
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