Bitcoin Stabilizin: LTH Strong as STH Sell-Off Dey Boost Volatility
Bitcoin don enter one consolidation phase after e peak for $123,000. The price cool down and now e dey trade near $114,000, below key resistance wey be $115,724. Metrics from CryptoQuant show say long-term holders (LTH) get strong belief, as their Net Unrealized Profit/Loss (NUPL) still dey above 0.5. Dem dey hold plenty unrealized gains wey still support the bigger bullish trend. But short-term holders (STH) dey face shrinking profit margins. Plenty of dem dey realize gains or dey sell for lower profits, causing short-term selling pressure plus increasing volatility. For technical side, Bitcoin dey test the 100-period moving average for $115,326 and e still dey below the 50-period average for $117,201. To restore upward momentum and target $122,077, e need make price close above $115,724 strongly. If e no happen, price fit trade between $112,000 and $115,724. Overall, market outlook remain neutral-to-bullish as LTH support dey balance STH-driven corrections, giving strategic accumulation opportunities.
Neutral
Long-term holders get strong belief an solid NUPL dey support di wider bullish trend, while short-term holders dem dey take profit dey cause small wahala for market. Market dey waka for one place under big resistance, dis one be like di past cycles where dis kind pause usually come before market go up again. Short-term traders fit face gbege price movement but long-term investors dey find chance to buy more. If e break pass $115,724, e fit fire up di bullish spirit again, but if e no break, e fit make market remain dey waka for one place. Overall, mixed signals show say hold neutral position better.