π#BTC spot net volume delta (USD) on Binance is back in positive territory. This signals that buying activity is picking up on spot markets, but more importantly, that selling pressure has significantly declined.
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ππ€ #BTC New data from Alphractal shows short-term Bitcoin holders (those holding for under a month) are largely sidelined, holding just 2.36M BTC.
Thatβs down from 3.94M in March 2024 and 5.44M during the April 2021 peak, suggesting the market may still be in a βdisbeliefβ phase
A value bubble is currently detected in both Bitcoin and Ethereum, but not in #XRP, which is attributed to Rippleβs technological superiority over the two largest cryptocurrencies. β
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#Bitcoin and #Ethereum tend to move in close correlation with each other, while #XRP exhibits a distinct and less correlated price behavior compared to both.β