The interest of Bitcoin buyers remains at all-time highs despite recent price increases. Analysis from CryptoQuant shows that the market is still optimistic.
CryptoQuant CVD Analysis
Data from the CryptoQuant platform presented a 90-day cumulative volume delta (CVD), which currently favors Bitcoin bulls. The analysis shows that buy volumes exceed sell volumes. Ibrahim Cosar from CryptoQuant summarizes: 'This generally signals that the uptrend may continue.'
Bitcoin Holders Maintain Positions
Bitcoin holders appear to refrain from sales at current levels. Research shows that daily profit-taking is merely half of what it was when Bitcoin first reached $100,000 in December 2024, even though prices are 10% higher. The analytics firm Glassnode noted: 'Older coins were much less active this time, signaling stronger holding behavior.'
Conclusion on the Bitcoin Market
According to analysts, Bitcoin's price momentum has increased after reclaiming the average cost basis for short-term holders. This highlights a potential moment for growth amid an optimistic market sentiment.
The situation in the Bitcoin market demonstrates sustained buyer interest, which may indicate further price increases.
