Bitcoin is showing a different movement from gold, which has recently experienced strong performance but is vulnerable to profit-taking. While gold is declining, Bitcoin's momentum is strengthening. This phenomenon indicates an acceleration in de-correlation between the two assets, with a tendency that is favorable for Bitcoin. The potential for a liquidity shift could occur, with capital shifting to Bitcoin. This provides new hope for Bitcoin investors amid market uncertainty.

Spiking spot trading volumes can be a sign of a euphoria or FOMO phase, often coinciding with crypto market caps approaching record highs.

On November 12, spot trading volumes on Binance reached $60 billion, as crypto market caps approached their previous ATH.

However, trading volumes have since halved, while crypto market caps have entered price discovery mode.

This drop in trading activity may indicate the market is taking a breather, with investors being more cautious.

This also helps reduce volatility, lowering the risk of intense selling pressure.

Bitcoin continues to show positive trends despite global financial market volatility. Recent data shows that BTC accumulation by investors continues to increase with no signs of slowing down.

- Analysts note that despite pressure on stock and commodity markets, Bitcoin remains a top choice for investors looking for a hedge.

- Uncertain monetary policy and rising inflation have many turning to Bitcoin as a safer alternative.

- On-chain analysis shows a significant increase in the number of wallets holding BTC long-term, indicating strong confidence in Bitcoin's future potential.

The crypto market is currently facing challenges, but there is optimism about Bitcoin. The Puell Multiple indicator shows the potential for BTC to rise by up to 90% in the near future.

- The Puell Multiple helps understand market cycles from a mining perspective, by comparing short-term miner revenues to long-term averages.

- In the last five years, when the Puell Multiple exceeded its 365-day average, Bitcoin experienced significant price spikes, such as in March 2019, January 2020, and January 2024.

- While it is not ideal to rely on a single indicator, historical data and macroeconomic conditions suggest the potential for a strong Bitcoin rally.

Another big buy has occurred in the crypto market. Michael Saylor, a prominent figure in the Bitcoin world, has just made the largest purchase in history. With a transaction value of $ 4.6 billion, Saylor managed to add 51,780 Bitcoin to his portfolio.

- BTC ownership increased from 279,420 to 331,200 BTC.
- MSTR's realized price increased from $ 42,692 to $ 49,874.
- MSTR's MVRV ratio decreased from 2.12 to 1.80.
- MSTR's percentage of BTC ownership increased from 1.412% to 1.674%.

Despite the volatility of the crypto market, this move shows strong confidence in Bitcoin's long-term potential.

The crypto market often experiences “market corrections,” especially for volatile assets like Bitcoin. Recent data shows a significant drop in Bitcoin reserves on exchanges, from 3.2 million in early 2023 to below 2.6 million. This indicates that investors are moving Bitcoin to cold wallets, indicating that they do not plan to sell anytime soon.

Bitcoin’s price has risen sharply throughout 2024, reaching $91,900. However, this rapid increase could trigger profit-taking, leading to a short-term correction, especially as it approaches the psychological threshold of $100,000.

On the other hand, the decrease in reserves on exchanges indicates that the supply of Bitcoin is shrinking, paving the way for a bull market if demand increases. Investors appear to be holding Bitcoin as a long-term strategy, indicating a maturing market.

The crypto market is currently showing volatility, but Bitcoin remains a positive highlight. Since the launch of spot ETFs in January, Bitcoin holdings have increased from 629.9K BTC to 1.0545M BTC, representing a growth of 425K BTC. This represents an increase from 3.15% to 5.33% of the total mined supply, in just eight months.

The dramatic price increases in March and November show a strong correlation between accumulation and price. With more Bitcoin being accumulated through spot ETFs, the upward trend in price is expected to continue.

If the US adopts Bitcoin as a reserve asset, Bitcoin inflows into spot ETFs are likely to increase rapidly.

The approval of a Bitcoin ETF on January 11, 2024, has changed the crypto market landscape. Unlike previous cycles, this time reserves on exchanges have decreased as the price of Bitcoin has increased.

This decrease reflects the increasing demand from institutional investors who are choosing to hold Bitcoin for the long term, facilitated by ETFs. With a fixed supply of Bitcoin and reduced availability on exchanges, this dynamic could drive a more sustained and significant price increase than in previous cycles.

This change underscores Bitcoin’s increasingly important role as a scarce asset in institutional portfolios, indicating the potential for unprecedented market behavior.

BTC sales from Satoshi-era miners have recently attracted attention. Although the current sales volume is low compared to history, there is an average sale of around 400 BTC.

These sales have not put significant pressure on the current BTC price. However, it is important to monitor this activity as it could be an early indication of a larger wave of selling.

Amidst market uncertainty, BTC continues to show positive potential. Investors are expected to remain vigilant and follow further developments to anticipate changes in trends.

Bitcoin reserves on exchanges in 2024 reached their lowest level since November 2018. This shows a significant shift in investor behavior, with investors preferring to hold assets in private wallets for the long term. This move reduces the supply for immediate sale, creating buying pressure in a tight supply environment.

The market may see an appreciation trend in Bitcoin, especially if demand remains stable or increases. This reflects greater investor confidence in Bitcoin as a store of value amid global economic uncertainty and high inflation.

Despite the potential for increased volatility, a more resilient Bitcoin market and the dominance of long-term holders could open up opportunities for new price peaks.

The crypto market is showing negative sentiment, especially on Binance, where the taker buy-sell ratio for ETH has remained below 1 for the past month. This indicates that more traders are choosing to sell rather than buy ETH.

This condition has caused ETH's performance to lag behind BTC. Although the market appears sluggish, BTC shows better potential. Analysts believe that BTC can be a safer choice amidst the current market uncertainty.

Thus, even though the crypto market in general is under pressure, BTC remains a bright spot for investors seeking stability and long-term growth.

Stablecoin inflows to spot exchanges are an important indicator in the market. Currently, there is a higher than usual increase in stablecoin inflows to spot exchanges, which indicates a potential continuation of the bullish trend for Bitcoin. Although the market is generally showing volatility, this data provides hope that the Bitcoin bull market is not over yet. However, it is important to stay alert to new news that could affect this trend. On-chain analysis shows that despite the challenges facing the crypto market, Bitcoin still has strong growth potential.

The crypto market is showing negative signals despite the high inflow of stablecoins to spot exchanges. On-chain analysis suggests that these stablecoin inflows may fuel the market, but do not guarantee an overall positive trend.

Nevertheless, optimism towards Bitcoin remains. The higher-than-usual inflow of stablecoins suggests the potential for Bitcoin’s bull market to continue. Without any additional negative news, Bitcoin still has a chance to continue its uptrend. However, investors should remain vigilant for unexpected market volatility.

Bitcoin hit a new high today, but investors continue to withdraw their Bitcoin from the Binance exchange. This is the second largest withdrawal this year with more than 7,500 Bitcoin. This phenomenon reflects investor sentiment and confidence in the currently unstable market. However, this withdrawal can also be interpreted as an indication of long-term investment, which is a positive sign for the future of Bitcoin. Despite the market volatility, optimism about Bitcoin's long-term potential remains strong.

The crypto market has been experiencing high volatility with Dogecoin surging and Google searches for Bitcoin increasing. However, even as retail trading resumes, concerns are raised about the sustainability of this trend. Strong inflows into Spot Bitcoin ETFs have been a major support, but questions are being asked about what happens if these flows decline. Amid the market uncertainty, Bitcoin remains a bright spot with long-term growth potential. Analysts advise investors to remain cautious and consider the risks inherent in the current crypto landscape.

The Bitcoin Miners' Position Index (MPI) has surpassed 2, reaching 3.56. This indicates potential selling by miners. The MPI measures the ratio of BTC sold by miners relative to its market value. High values ​​often indicate profit-taking by miners.

Historically, this has occurred in the late stages of a bull market. Is this the beginning of the final phase of the bull market?

Although the market is showing signs of pressure, optimism towards BTC remains. Investors are expected to remain vigilant and consider long-term strategies in dealing with these market dynamics.

Bitcoin has hit another record high, raising both euphoria and questions among investors and observers. Has Bitcoin reached its peak?

- Nearly all Bitcoin addresses are currently profitable, indicating increased market risk.
- However, the current profit margin is lower than in previous bull markets, such as in 2019-2020 and 2021, which reached 800-900%.

While there is a possibility of a short-term price correction, Bitcoin's long-term uptrend remains strong. Strategies such as Dollar-Cost Averaging (DCA) and a long-term approach can be effective ways to grow capital amidst these conditions.

Significant changes have occurred at Binance since the beginning of 2024. Previously, Binance was known as a platform dominated by retail participation with an average inflow of 0.7 BTC. However, the latest data shows an increase in the average inflow to 6.8 BTC.

This change indicates a shift from retail dominance to whale dominance. Although the crypto market is generally showing a negative trend, there is optimism about Bitcoin (BTC) which remains the main choice for large investors.

Analysts believe that despite the sluggish market, BTC has the potential to bounce back, driven by the increasing interest from large investors.

The recent surge in Bitcoin prices has been accompanied by an increase in active addresses, indicating growing interest in the crypto market. Many people who were previously uninvolved are now entering the market, triggering a potential Bull Run. Despite the overall negative market trend, optimism towards Bitcoin remains high. Analysts believe that this influx of new investors will drive further price increases, not only for Bitcoin but also for other altcoins. While traditional markets face challenges, Bitcoin continues to show its appeal as a strong digital asset.

Tether net flows hit a new record with over 1.3 billion USDT entering exchanges for the second time in the last 6 days. Despite the current negative trend in the crypto market, this significant stablecoin inflow shows the potential for increased purchasing power. If this capital is used strategically, the demand for Bitcoin and other cryptocurrencies could increase. This gives hope that despite the sluggish market, there is a chance for Bitcoin to bounce back and show stronger performance in the future.