Technical indicators hinted at a continued price uptick.finally gained bullish momentum as its value went above the $62k mark.
As per the tweet, STHs face a -6.78% loss if they sell today. This bull cycle’s maximum pain point has been around -12%. Apart from this, supply held by LTHs also increased over the past two weeks, hinting at accumulation.AMBCrypto then checked other metrics to find whether selling sentiment was dominant in the market or buying sentiment.
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