Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

2025-05-20

Buy Bitcoin, throw the benches away before it’s too late – Kiyosaki

2025-05-20

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20

    What are tokenized real-world assets? Put physical value on the chain with RWAS

    2025-05-20

    Basic kit transactions rise as DEX volume approaches $ 400 billion milestone

    2025-05-20

    Taiko Alethia launches the most expected Pacaya Hardfork -upgrade on MAINNET

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20

    XRP Price Eyes Winins, but technically suggests that upsides can be limited

    2025-05-20

    Bitcoin still cannot close daily candle above $ 106k after 8 failed attempts in 2025

    2025-05-20

    Solana (SOL) keeps land in tight reach – Traders looking at Directional Cue

    2025-05-20

    Graph signal running to new ATH

    2025-05-19
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»How confidence in Bitcoin’s long-term potential reached new heights
Bitcoin

How confidence in Bitcoin’s long-term potential reached new heights

2023-11-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • Bitcoin’s illiquid supply hit a new ATH, indicating confidence in its long-term potential.
  • BTC accumulation and circulation continue to increase.

A jump from just under $16,000 to over $37,000 is usually reason enough Bitcoin [BTC] investors to take profits. But for coin holders with minimal sales history, now is not the time.

In fact, based on the sentiment of this cohort, the pre-halving price rally for Bitcoin could be the best season to keep BTC off the exchanges.

Don’t worry about the hype

To reach this conclusion, Glassnode looked at Bitcoin’s illiquid supply. The analytics handle noted that the metric had reached its All-Time High (ATH).

The #Bitcoin The illiquid supply metric, which measures the amount of supply in wallets with minimal spending history, is at an ATH of 15.4 million BTC.

Changes in illiquid supply often coincide with currency withdrawals, indicating that investors continue to withdraw their coins… pic.twitter.com/lwHQmFkoMy

— glassnode (@glassnode) November 10, 2023

An entity is considered illiquid if it refuses to convert its assets into cash. This type of action is considered bullish. Thus, illiquid supply hitting an ATH indicates a surge in Bitcoin’s popularity positive long-term potential.

The decision to hold Bitcoin can also be reflected in the Accumulation Trend Score.

Whenever AMBCrypto analyzes the accumulation trend score, we find out whether entities are accumulating BTC on-chain. It also tells whether market participants are selling.

Values ​​close to zero of the metric means that sell-offs are much more than takeovers.

In this case, the price action may be negatively affected. On the contrary, values ​​close to 1 indicate an increase in accumulation. Unlike the distribution period, accumulation precedes a rising Bitcoin price.

Bitcoin Accumulation Trend Score

Source: Glassnode

At the time of writing, the Bitcoin Accumulation Trend Score had increased to 0.98. This reading, as explained above, is a sign that BTC’s value could rise again in the future short term.

See also  Why Bitcoin Prices May Make a Small Jump Soon

The funds find a new home

Lately, altcoins have been outperforming BTC, indicating that market players may be overlooking the king coin. From Bitcoin dominance chart, this seemed to be the case, as the value had fallen from a high of 52.78% to 52.59%.

Bitcoin dominance chart

Source: TradingView

This decline implies that the liquidity initially allocated to BTC is being rotated to other cryptocurrencies. Another metric that supports this conclusion is weighted sentiment.

The Weighted Sentiment considers the positive/negative commentary associated with an asset around social media platforms.

Previously, specifically on November 9, Bitcoin’s weighted sentiment was 1.006. But at the time of writing, the metric had flattened out at 0.002. This drop indicates that average market participants were indifferent to BTC’s price action.

This could also remain the case as long as other altcoins continue their recent performance. Furthermore, the past seven days have led to a to get up in the BTC circulation. According to data evaluated by Santiment, circulation increased to 441.00.

Bitcoin weighted sentiment and BTC circulation

Source: Santiment


Is your portfolio green? Check the BTC profit calculator


This increase indicates an increase in the use of the royal coin and its transfer from one address to another. The increase in the metric also means that there is more demand for BTC.

However, demand must continue to match or even exceed supply for the price to remain above $37,000.



Source link

Bitcoins Confidence Heights LongTerm potential Reached
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Buy Bitcoin, throw the benches away before it’s too late – Kiyosaki

2025-05-20

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

2025-05-20

Bitcoin goes for business in Indonesia with $ 100 million treasury shift

2025-05-20

Bitcoin -portfolios shift to ‘buy -mode’ -Is a bullish reversal imminent?

2025-05-20
Add A Comment

Comments are closed.

Top Posts

XRP – Price Shows Power – BreakOut above the key levels possible?

2025-04-28

Bitcoin gained $1,000 in twenty minutes, while Solana and Ethereum reached new milestones!

2023-10-03

Solana’s Phantom wallet introduces a cross-chain swapper to extract liquidity from Ethereum

2023-11-23
Editors Picks

The BTC Halving Cycle and what it means for miners

2023-06-09

Ethereum whales collect 6,102 tokens worth $23.84 million

2024-12-16

Sell-off Plagues NFT Markets: Are Traders Losing Interest?

2023-06-09

SEC Sets Strict Deadline for Final Changes to Spot Bitcoin ETFs, Confirms First Wave of Approvals Will Happen in January

2023-12-24
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

Buy Bitcoin, throw the benches away before it’s too late – Kiyosaki

Is $ 104k Bitcoin’s new soil? BlackRock’s ETF holds the answer

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$106,497.651.28%
  • ethereumEthereum(ETH)$2,488.81-1.05%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-1.22%
  • binancecoinBNB(BNB)$647.26-0.06%
  • solanaSolana(SOL)$166.891.12%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.223514-0.14%
  • cardanoCardano(ADA)$0.73-0.36%
  • tronTRON(TRX)$0.2710322.36%
  • suiSui(SUI)$3.862.46%
  • chainlinkChainlink(LINK)$15.49-0.81%
  • avalanche-2Avalanche(AVAX)$22.13-0.21%
  • stellarStellar(XLM)$0.284397-0.10%
  • hyperliquidHyperliquid(HYPE)$25.83-1.97%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.72%
  • hedera-hashgraphHedera(HBAR)$0.1928991.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.771.03%
  • bitcoin-cashBitcoin Cash(BCH)$389.920.05%
  • the-open-networkToncoin(TON)$3.051.50%
  • polkadotPolkadot(DOT)$4.600.61%
  • litecoinLitecoin(LTC)$93.99-4.75%
  • moneroMonero(XMR)$347.031.37%
  • bitget-tokenBitget Token(BGB)$5.150.03%
  • pepePepe(PEPE)$0.000013-1.55%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.731.20%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • aaveAave(AAVE)$257.468.27%
  • bittensorBittensor(TAO)$413.662.41%
  • uniswapUniswap(UNI)$5.80-2.42%
  • nearNEAR Protocol(NEAR)$2.73-0.44%
  • aptosAptos(APT)$5.07-1.80%
  • okbOKB(OKB)$52.020.06%
  • ondo-financeOndo(ONDO)$0.931.38%
  • kaspaKaspa(KAS)$0.1080481.49%
  • ethereum-classicEthereum Classic(ETC)$18.17-1.04%
  • internet-computerInternet Computer(ICP)$5.16-1.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.373.71%
  • gatechain-tokenGateToken(GT)$21.37-0.11%
  • crypto-com-chainCronos(CRO)$0.0958770.30%
  • mantleMantle(MNT)$0.742.58%
  • vechainVeChain(VET)$0.0279190.39%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229512-0.92%
  • render-tokenRender(RENDER)$4.570.81%
  • ethenaEthena(ENA)$0.3684981.40%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.219893-0.41%
  • arbitrumArbitrum(ARB)$0.385967-0.41%
  • filecoinFilecoin(FIL)$2.80-2.12%
  • bitcoinBitcoin(BTC)$106,497.651.28%
  • ethereumEthereum(ETH)$2,488.81-1.05%
  • tetherTether USDt(USDT)$1.000.02%
  • rippleXRP(XRP)$2.34-1.22%
  • binancecoinBNB(BNB)$647.26-0.06%
  • solanaSolana(SOL)$166.891.12%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.223514-0.14%
  • cardanoCardano(ADA)$0.73-0.36%
  • tronTRON(TRX)$0.2710322.36%
  • suiSui(SUI)$3.862.46%
  • chainlinkChainlink(LINK)$15.49-0.81%
  • avalanche-2Avalanche(AVAX)$22.13-0.21%
  • stellarStellar(XLM)$0.284397-0.10%
  • hyperliquidHyperliquid(HYPE)$25.83-1.97%
  • shiba-inuShiba Inu(SHIB)$0.000014-0.72%
  • hedera-hashgraphHedera(HBAR)$0.1928991.01%
  • unus-sed-leoUNUS SED LEO(LEO)$8.771.03%
  • bitcoin-cashBitcoin Cash(BCH)$389.920.05%
  • the-open-networkToncoin(TON)$3.051.50%
  • polkadotPolkadot(DOT)$4.600.61%
  • litecoinLitecoin(LTC)$93.99-4.75%
  • moneroMonero(XMR)$347.031.37%
  • bitget-tokenBitget Token(BGB)$5.150.03%
  • pepePepe(PEPE)$0.000013-1.55%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.731.20%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • aaveAave(AAVE)$257.468.27%
  • bittensorBittensor(TAO)$413.662.41%
  • uniswapUniswap(UNI)$5.80-2.42%
  • nearNEAR Protocol(NEAR)$2.73-0.44%
  • aptosAptos(APT)$5.07-1.80%
  • okbOKB(OKB)$52.020.06%
  • ondo-financeOndo(ONDO)$0.931.38%
  • kaspaKaspa(KAS)$0.1080481.49%
  • ethereum-classicEthereum Classic(ETC)$18.17-1.04%
  • internet-computerInternet Computer(ICP)$5.16-1.10%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.373.71%
  • gatechain-tokenGateToken(GT)$21.37-0.11%
  • crypto-com-chainCronos(CRO)$0.0958770.30%
  • mantleMantle(MNT)$0.742.58%
  • vechainVeChain(VET)$0.0279190.39%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.229512-0.92%
  • render-tokenRender(RENDER)$4.570.81%
  • ethenaEthena(ENA)$0.3684981.40%
  • usd1World Liberty Financial USD(USD1)$1.00-0.04%
  • algorandAlgorand(ALGO)$0.219893-0.41%
  • arbitrumArbitrum(ARB)$0.385967-0.41%
  • filecoinFilecoin(FIL)$2.80-2.12%