Bitcoin (BTC) 



Yesterday, Bitcoin traded between $114,650 and $117,950, closing around $116,400. Today, activity is observed in the range of 114,365 and $116,990. The 124,474 level tested on August 14th marked a new all-time high; consolidation continues below this high by approximately 6-7%. On-chain data shows that net inflows to exchanges reached 11,200 BTC in the last 24 hours, indicating increased profit-taking by short-term investors. Conversely, outflows from long-term wallets remain low, reflecting strong hodler behavior. Furthermore, the MVRV ratio has begun to return to normal from over-profit territory, falling to 2.8, suggesting that it may be beneficial for the price to remain within the current range. Technically, while the 114,700 and 112,000 supports remain important, if it persists above 117,000, there is the potential for a re-movement towards the 118,000-121,000 range.
#BTC ETFs Top $153B in Holdings#
BTC-1.53%
IN-2.34%
NET6.67%
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XiaoxiaoOnlyLooksAtTvip
· 08-20 05:01
Firm HODL💎
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GateUser-76132f7dvip
· 08-20 00:10
bulls come back later
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SBSomratvip
· 08-19 16:48
1000x Vibes 🤑
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GateUser-f16fdcdfvip
· 08-19 13:22
thank you for the information
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CryptoKINGJvip
· 08-19 12:00
Buy To Earn 💎
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CryptoKINGJvip
· 08-19 12:00
HODL Tight 💪
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SuiCraftvip
· 08-19 07:55
Bull Run 🐂
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Ryakpandavip
· 08-19 07:49
Just go for it💪
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Discoveryvip
· 08-19 07:42
Watching Closely 🔍
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Xxx40xxxvip
· 08-19 07:42
1000x Vibes 🤑
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