{"id":127433,"date":"2025-04-18T01:19:16","date_gmt":"2025-04-18T01:19:16","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=127433"},"modified":"2025-04-18T01:19:16","modified_gmt":"2025-04-18T01:19:16","slug":"bitcoin-dip-buyers-nibble-at-btc-range-lows-but-are-risk-off-until-90k-becomes-support","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=127433","title":{"rendered":"Bitcoin dip buyers nibble at BTC range lows but are risk off until $90K becomes support"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin\u2019s (BTC) realized market cap reached a new all-time high of $872 billion, but data from Glassnode reflects investors\u2019 lack of enthusiasm at BTC\u2019s current price levels.<br \/>\nIn a recent X post, the analytics platform pointed out that despite the realized cap milestone, the monthly growth rate of the metric has dropped to 0.9% month over month, which implied a risk-off sentiment in the market.<br \/>\nBitcoin realized cap net position. Source: X.comRealized cap measures the total value of all Bitcoin at the price they last moved, reflecting the actual capital invested, providing insight into Bitcoin\u2019s economic activity. A slowing growth rate highlights a positive but reduced capital inflow, suggesting fewer new investors or less activity from current holders.<br \/>\nAdditionally, Glassnode\u2019s realized profit and loss chart recently exhibited a sharp decline of 40%, which signals high profit-taking or loss realization. The data platform explained,<br \/>\n\u201cThis suggests saturation in investor activity and often precedes a consolidation phase as the market searches for a new equilibrium.\u201d<br \/>\nWhile new investors remained sidelined, existing investors are probably adopting a cautious approach due to the short-term holder\u2019s realized price. Data from CryptoQuant suggested that the current short-term realized price is $91,600. With BTC currently consolidating under the threshold, it implies short-term holders are underwater, which can increase selling pressure if they sell to cut their losses.<br \/>\nBitcoin short-term holders\u2019 price and MVRV. Source: CryptoQuantSimilarly, Bitcoin&#8217;s short-term holder market value to realized value remained below 1, a level historically associated with buying opportunities and further proof that short-term holders are at a loss.<br \/>\nRelated: Bitcoin US vs. offshore exchange ratio flashes bullish signal, hinting at BTC price highs in 2025<br \/>\nBitcoin chops between US and Korean traders<br \/>\nData shows a sentiment divergence between Bitcoin traders in the US and Korea. The Coinbase premium, reflecting US trading, recently spiked, signaling strong US demand and potential Bitcoin price gains.<br \/>\nConversely, the Kimchi premium index fell during the correction, indicating lagging retail engagement among Korea-based traders.<br \/>\nThis particular uneven demand is reflected in Bitcoin\u2019s recent price action. The chart shows that Bitcoin\u2019s price has oscillated between a tight range of $85,440-$82,750 since April 11. On the 4-hour chart, BTC has retained support from the 50-day, 100-day, and 200-day moving averages, but on the 1-day chart, these indicators are putting resistance on the bullish structure.<br \/>\nBitcoin 4-hour chart. Source: Cointelegraph\/TradingViewRelated: Bitcoin online chatter flips bullish as price chops at $85K: Santiment<br \/>\nThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-dip-buyers-nibble-at-btc-range-lows-but-are-risk-off-until-90-k-becomes-support?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsBitcoin\u2019s (BTC) realized market cap reached a new all-time high of $872 billion, but data from Glassnode reflects investors\u2019 lack of enthusiasm at BTC\u2019s current price levels. In&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127433"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127433"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127433\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127433"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}