Bitcoin Demand Surges as Buy-to-Sell Ratio Hits 1.28
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The Key Takeaways:
- The buy-to-sell ratio of Bitcoin (BTC) currently stands at 1.28, indicating strong demand.
- Since September, 843,113 BTC have been sold, while 1,081,633 BTC have been purchased.
- Long-term holders (LTH) dominate sales, while short-term holders (STH) drive purchases.
- BTC remains stable above the $90,000 mark despite minor pullbacks.
The Current Market Dynamics of Bitcoin
Since September, the Bitcoin market has shown a persistent imbalance between buying and selling. For every Bitcoin sold, an average of 1.28 BTC is purchased. This ratio highlights the strong demand and growing confidence in the cryptocurrency.
In total, 843,113 BTC have been sold during this period, while buyers have accumulated 1,081,633 BTC. On a daily basis, approximately 12,432 BTC change hands through purchases, compared to 9,690 BTC through sales. These figures underscore the bullish market trend, as high demand prevents significant price declines.
Focus on Long-Term and Short-Term Holders
An analysis reveals that long-term holders (LTH), investors who have not moved their BTC for over two years, account for the majority of sales. In contrast, short-term holders (STH), who trade their BTC within shorter timeframes, are driving purchases. This behaviour suggests that new market participants and short-term-oriented investors are currently fueling demand.
Strong Capital Inflows Support the Price
Analysts report that approximately $80 billion flows into the Bitcoin market each month. This is a clear indication of growing acceptance and increasing interest from retail investors. According to analyst Ki Young Ju, nearly half of the capital invested in Bitcoin over the past 15 years has been added this year alone. This development strengthens the long-term outlook for BTC.
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Current Market Trends and Short-Term Outlook
Although the BTC price has fallen by 0.28% in the last 24 hours, the overall market dynamics remain positive. The funding rate indicator, which measures the cost of long and short positions, stands at 0.0100%. A positive value indicates that long traders continue to support price stability.
Additionally, the ratio of long to short contracts shows a neutral value of 1. Should this value rise or fall, it could determine the next market movement. The current pullback is therefore interpreted as a short-term correction within a long-term uptrend.
Our Assessment
The current data shows a clear preference for buying Bitcoin, underscoring the positive market sentiment. Strong demand, particularly from short-term holders, as well as high capital inflows, support the BTC price and minimize the risk of major declines. Despite minor pullbacks, the long-term perspective for Bitcoin remains bullish. For investors, this could indicate that further price increases are possible, provided demand persists.
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| Symbol | BTC |
| Coin type | Alt Coin |
| Transaction Speed | Slow |
| Pros |
|
| Cons |
|
| Price | $104,864.00 |
| 24h % | -2.44 % |
| 7d % | 6.80 % |
| 30d % | 16.13 % |
| 60d % | 53.91 % |
| 1y % | 156.43 % |
| Market Cap | $2,076,144,568,841.00 |
| Max. Supply | 21,000,000.00 |
| Official Links | Website | Whitepaper | Source Code |
| Socials | Reddit | X | Message Board |
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