Bitcoin's buyer interest remains robust at all-time highs, with analysis suggesting a continuation of the upward price trend. Data indicates that since reaching $111,000, buyers have maintained dominance on exchange order books, signaling that more buy orders are being placed compared to sell orders. This trend contrasts markedly with previous price milestones, where selling pressure was more prevalent. Additionally, Bitcoin holders have shown a tendency to hold rather than sell, with recent research indicating that daily profit-taking activities have dropped significantly compared to earlier price peaks. The short-term holder cohort, who purchased Bitcoin within the last six months, has also regained momentum after the price surpassed the average cost basis for their purchases, further supporting the market's bullish sentiment. Overall, these factors paint a picture of strong buyer interest and potential for further price increases in the near future.

Source 🔗