Analysts: Bitcoin less than $5,000 away from bull market level
- —BTC around $76,808, $4,900 short of the $81,700 bull threshold
- —Exchange Whale Ratio at 0.93 — whales sending coins to exchanges to sell
- —Fear and Greed Index at 66, taker ratio at 1.12 — retail buying with leverage
- —Long-term holders sold up to 539,000 BTC in the $77,100–$80,200 zone
Why it matters: Both groups of large holders are selling while US funds aren't buying, raising the risk of a long squeeze and a drop to $70,000 support.
Source: BeInCrypto