Bitcoin buyer dominance at $111K suggests 'another wave' of gains
Summary
Bitcoin (BTC) buyers dominate exchanges, with a 90-day cumulative volume delta (CVD) indicating bullish sentiment. BTC price has surged 50% in under two months, with buy orders outpacing sell orders, suggesting a continued uptrend. The price recently tested above $110K, reaching new all-time highs, while sellers have ceded control. Hodlers are refraining from selling, with daily profit-taking significantly lower than when BTC first hit $100,000 in December 2024. Coin age distribution shows a marked decrease in activity among older coins, indicating stronger holding behavior. Price momentum increased after reclaiming the average cost basis for short-term holders at just under $100,000, often signaling buy opportunities during bull markets.
