As strong instability persists in the cryptocurrency market, bitcoin, major digital property, has seen Remarkable pullback for $ 114,000 price markThe price of BTC has declined in major support levels, but showing flexibility and optimism in investors, which is evident from the constant positive demand of the Crypto Raja.
Instability fails to remove bitcoin demand
After intensive research by Bitcoin market Dynamics, Darkfost, is a verified writer and market expert, mentioned A rapid behavior among investors. Despite the recent value, the flutants shake the wide market spirit, with the flagship asset persevere.
Due to the wider self-FF, the attraction of the voltality bitcoin is enhanced as a decentralized, rare property in the cryptocurrency space. Such a devil means that the confidence in the long-TRM value capacity of BTC is stable. Analysis of dark Demand for BTC It is known whether investors affect short-TRICM holders, will continue to sell in a loss or prevent underwater conditions.
In a post shared on X, the expert began pointing to the clear demand for bitcoin, with a metric which was with the opposite support of the newly released BTC that has been given for more than 1 year. It is worth noting that when this metric falls below zero, it indicates Decline in demandWhen it rises above zero, it means a positive life.
Data shows that the metric has now increased above zero, which suggests the increasing demands invested. The Darkfost stated that the demand is clearly positive, as clarified by the 160,000 BTC accumulated in the last 30 days.
The next major metric investigated by the market expert is a demand for bitcoin from the accumulator. In particular, this measurement monitors the wallet address that perfectly buys BTC with any selling, which provides insight about living and catching confections.
For experts, the average BTC purchased by these accumulative addresses has exceeded 50,000 BTC in the last 30 days. This development gives a strong and signal Continuous purchase behavior Over time from these investors.
A sharp decline in BTC OTC desk
Darkfost has also attracted attention BTC OTC DeskThis metric covers a long-term approach, reflecting a different type of demand that is off-chain and has a limited short-term impact on prices, which is currently displaying a winning demand in the long term.
Currently, the expert highlighted that the number of bitcoin holds by the OTC Desk has steadily declined. Data shows that 145,000 BTCs are available today at the OTC desk compared to about 550,000 BTC in September 2021.
Even think about rapid demand for a long time, the darkfost claims that the overall picture remains positive. In this sense, demand-side indicators show no signal of concern despite the recent value voltality.
Specially displayed image from Pixabay, chart from TradingView.com
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