Pseudonymous CryptoQuant analyst Avocado_onchain sees Bitcoin\u2019s latest consolidation, after plunging to $98,467 before a shaky recovery, not as stagnation but as coiled energy.<\/p>\n
Data provided by the market watcher shows that long-term holders (LTHs) are steadfastly accumulating rather than distributing, a historical hallmark that often precedes explosive rallies by the king cryptocurrency.<\/p>\n
Over the past week, BTC weathered increased volatility caused by escalating tensions<\/a> in the Middle East as the U.S. bombed several suspected Iranian nuclear facilities.<\/p>\n As CryptoPotato<\/em> reported, on June 22, the asset plunged below $100,000, with the shockwave of the U.S. attack wiping out<\/a> as much as $700 million in leveraged positions. At the same time, altcoins like Ethereum (ETH) and Solana (SOL) suffered losses of their own, dipping 6% and 7% respectively.<\/p>\n Despite the turmoil, Bitcoin\u2019s dominance grew, reflecting a flight to relative safety amid a broader market steeped in red.<\/p>\n Against this background, the latest CQ report<\/a> paints a picture of deliberate accumulation by LTHs. The 30-day moving average of the Binary Coin Days Destroyed (CDD) indicator, a metric tracking when long-held coins move, peaked around 0.6, dropping well below the 0.8 threshold. This implies that seasoned investors are not rushing to sell, signaling that the bull cycle remains structurally intact.<\/p>\n \u201cThis moderation below 0.8 still implies the market may be entering a consolidation period, and further price or time correction could follow,\u201d noted Avocado_onchain. \u201cHistorically, Bitcoin\u2019s explosive rallies tend to occur when market attention fades and sentiment is quiet, making the current silence potentially a precursor to the next big move.\u201d<\/p>\n Meanwhile, data from Glassnode shows<\/a> that short-term holders (STHs), who have been in the market for under 155 days, are sitting on slim 3% unrealized gains, suggesting limited profit-taking pressure from recent buyers.<\/p>\n Elsewhere, ETF inflows and accumulation by deep-pocketed investors have notably slowed<\/a>, with daily ETF purchases dropping from a peak of 9,700 BTC on April 23 to roughly 3,300 BTC as of June 22. Similarly, whale balance expansion has halved from 3.9% month-on-month in late May to 1.7%.<\/p>\n Price action reflects this tense situation. While BTC is showing some resilience above $100,000, its recent performance over the past week, where it dropped 4.9%, and the month, where it shaved 5.6% off its price, are signs of the current struggle. The weekly range oscillating between $98,975 and $108,771 also highlights the rejection near the psychological and technical barrier at $110,000.<\/p>\n Additionally, daily volatility has been elevated, as seen by the 24-hour swing between $98,467 and $102,782 per CoinGecko data. However, Bitcoin is still outperforming the broader crypto market, down 6.70% over the past week. This relative strength, coupled with LTH inactivity, could be a sign of underlying support building even as short-term demand falters.<\/p>\n The post Signs of an Explosive Move Above $110K for the BTC Price? This Analyst Clarifies<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Pseudonymous CryptoQuant analyst Avocado_onchain sees Bitcoin\u2019s latest consolidation, after plunging to $98,467 before a shaky recovery, not as stagnation but as coiled energy. Data provided by the market watcher shows that long-term holders (LTHs) are steadfastly accumulating rather than distributing, a historical hallmark that often precedes explosive rallies by the king cryptocurrency. Market Tension Meets […]<\/p>\n","protected":false},"author":0,"featured_media":75432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-75431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75431"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=75431"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/75431\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/75432"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=75431"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=75431"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=75431"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Price Holds Key Support Amid Demand Slowdown<\/h2>\n