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The Bitcoin market experienced a modest recovery over the past week following the 15.7% correction in the latter half of December 2024. Amidst this recent price gain, developments from the short-term holders (STH) activity have revealed significant indications for Bitcoin in the coming days. Related Reading: Bitcoin Coinbase Premium Sinks To Lowest Since FTX Crash: Bottom In? Bitcoin STH MVRV At 1.1 With More Room To Run According to a recent X post, blockchain analytics firm Glassnode shared a data report on the Bitcoin short-term holders’ MVRV ratio in relation to market price. In crypto, the market value to realized value ratio (MVRV) is a critical analysis tool used to gauge whether an asset is overvalued or undervalued. It is also used to track the holders’ profitability with values above 1 indicating profit and below 1 meaning a loss. Based on Glassnode’s report, the Bitcoin STH MVRV ratio currently stands at 1.1 suggesting that short-term holders i.e. investors who acquired Bitcoin within the past 155 days, are on average, experiencing a 10% profit. Considering BTC’s price fall in recent weeks, there might be increased selling pressure as these holders move to realize their gains, leading to short-term price resistance. However, data from Glassnode indicates that the Bitcoin MVRV STH ratio previously reached peaks of 1.35 in November 2024, and 1.44 in March 2024. These MVRV values suggest that short-term holders may tolerate higher profitability levels before triggering a widespread sell-off. If Bitcoin bulls maintain the current price recovery with rising demand, the STH MVRV ratio could rise closer to these historical peak levels, which could signal a confirmation of Bitcoin resuming its market uptrend. Related Reading: On The Horizon: Bitcoin $140,000 Projection And SOL, XRP ETFs Approval In 2025 Crypto Forecast BTC Must Avoid Fall Below $87,000 – Here’s Why In relation to the Bitcoin STH MVRV ratio, it is understood that 1.0, which indicates no profit or loss, is a pivotal value acting as a support during bullish trends or resistance in a market downtrend. Glassnode report reveals that the current STH MVRV ratio shows that 1.0 corresponds with the $87,000 price zone. According to data from the Cumulative Bid-Ask Delta, there is an air pocket between $87,000 and $71,000 i.e. there is low trading activity or fewer significant buy orders in this price range. Therefore, if the price of BTC slips below $87,000, it will hit no significant support until $71,000 translating into a major price decline. At the time of writing, the premier cryptocurrency continues to trade at $98,081 reflecting a 1.02% gain in the past day. With a market cap of $1.94 trillion, Bitcoin continues to rank as the largest asset in the crypto market. Featured image from BBC, chart from Tradingview
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AAVE Whale Sells 19,001 Tokens Amid Profit-Taking, Potential Price Impact Looms
The recent sale of 19,001 AAVE tokens by a prominent whale has sent ripples through the market, highlighting key trends in profit-taking among large holders. As AAVE experiences a slight NewsBTC
2024’s $44,200,000,000 in Institutional Inflows to Crypto Products Break Previous Record by Almost 4x: CoinShares
Leading crypto manager CoinShares says institutional investors poured billions into crypto investment vehicles last year, obliterating previous inflow records. In its latest Digital Asset Fund Flows report , CoinShares says that 2024 saw a new record of over $44 billion in institutional digital asset inflows despite the final trading days of the year posting outflows. “Digital asset investment products saw US$585m of inflows for the first 3 days of this year, although for the full week, which includes the last two trading days of 2024 saw net outflows totaling US$75m. The conclusion of 2024 marked a record US$44.2bn of inflows globally, almost 4x the prior record set in 2021 which saw US$10.5bn inflows. Marked by the entrance of US spot-based ETFs, which saw 100% of the inflows at US$44.4bn.” Source: CoinShares Switzerland provided an additional $630 million in inflows while Canada and Sweden saw $707 million and $682 million in outflows a piece. However, those outflows could be misleading, because according to CoinShares, the majority of them are the result of investors pulling out of Canadian and Swedish products to reinvest in American digital asset vehicles. Bitcoin ( BTC ), per usual, took the lion’s share of inflows last year. “Seeing US$38bn inflows representing 29% of total assets under management (AuM). Despite the prices rises short-bitcoin investment products saw inflows of US$108m, but less than in 2024 where it saw US$116m inflows.” Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post 2024’s $44,200,000,000 in Institutional Inflows to Crypto Products Break Previous Record by Almost 4x: CoinShares appeared first on The Daily Hodl . NewsBTC
