Demand from long-term Bitcoin holders surged by 48.5% over the past week. Accumulator addresses now hold approximately 205,000 BTC, up from 138,000 BTC earlier this month.
Miner selling pressure is receding. The Miners’ Position Index (MPI) has fallen to a low of -1.042, indicating fewer coins from miners are entering the market.
Despite a negative flow on Binance and a bearish sentiment index, there's evidence suggesting a move towards stability in Bitcoin's price range between $75,000 and $60,000.
The Bitcoin Unified Sentiment Index now stands at -62.9%, reflecting recent sell-side pressure but signaling potential stabilization.
