Analysts: Bitcoin needs $4,900 to confirm bull market
- —BTC at $76,808, about $4,900 short of the $81,700 bull mark
- —Whale exchange ratio hit 0.93 — CryptoQuant warning zone
- —Fear and Greed Index at 66 — 'greed' zone
- —Long-term holders sold 539,000 BTC in the $77,100–80,200 range
Why it matters: Whale selling and lack of US demand increase the risk of a long squeeze and a correction to $70,000.
Source: BeInCrypto CN