Bitcoin Market Equilibrium Dey Show Say E Dey Consolidate
Bitcoin market balance don show as realized cap flows between short-term holders (STH) and long-term holders (LTH) don stabilize. Data wey dey from HODL Structure & 30-Day Flows chart show say STH share dey 47% with 0% 30-day change, which mean say no big coin rotation for past month. Dis balance regime show say speculative demand don reduce and long-term distribution dey happen, e point say consolidation phase dey go on.
Price movement confirm say trading dey range between key support at $114K and resistance near $123K. BTC fall below e 50, 100 and 200 SMAs after e try break $123,217 twice but no fit, e show say momentum dey weak. If e sharply break below $114K, e fit cause drop to $110K–$112K, but if e regain $118K, e mean fresh strength and we go see another test of $123K zone.
Traders suppose dey watch HODL structure change and short-term flows for direction clues. The current balance mean say Bitcoin fit dey trade with narrow range before e make next big move, e give good entry points for traders wey like trade inside range.
Neutral
Di tori say di news na imba no excessive impact as Bitcoin market balance dey show say e dey consolidate and no dey show any clear direction. Di HODL data weh show say net flow between STH and LTH zero, e resemble times weh trading dey always for one range before, like mid-2021 after cycle high. Short-term momentum weak as BTC dey trade under major SMAs and e dey between $114K and $123K. Dis kind range trading no get strong bullish momentum and no immediate bearish breakdown unless di key levels fall badly. For short term, traders fit benefit from support and resistance bounce. Long term holders still dey inactive, meaning say market dey stable and e dey prepare for next movement.