has left the danger zone and has reached the re-accumulation area. The analyst mentioned this in a post on X on the 11th of May.
Using data from Hyblock, AMBCrypto noticed that there was a magnetic zone around liquidation levels. This indicator shows price levels where traders risk being liquidated. However, a positive reading of the Hodler Net Position Change implies accumulation. Up until the last week of April, the metric was negative, indicating that investors were booking profits.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Coin Coin Latest News, Coin Coin Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why is Bitcoin dropping and why are Ethereum, altcoins taking BTC’s lead?Bitcoin [BTC] sank below $60,000, extending a string of losses in what has been one of the worst months for the cryptocurrency market.
Source: CryptoAmb - 🏆 22. / 68 Read more »
J.P Morgan, Wells Fargo hold Bitcoin now: Why are they interested in BTC?In a new Form F13 filing, JP Morgan revealed $731,246 in spot Bitcoin ETF investments on behalf of its clients.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin’s roadmap to $75K – Why this pattern is critical for BTC’s priceBitcoin’s [BTC] price action once again turned volatile as it swiftly approached $63k, but there is more to the story...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin’s drop to $58K – The how, why, and what next for BTC’s priceAssessing the factors contributing to Bitcoin's current bearish phase.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Explaining why Bitcoin miners are celebrating Runes post BTC’s halvingWhile block rewards given to miners got halved, they were more than compensated by an explosive surge in transaction fees paid by users...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin price falls below $65k: consolidation or pre-surge dip?The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »