Bitcoin Buy/Sell Pressure Delta Returns to Positive Territory
The Bitcoin buy/sell pressure delta has returned to positive territory after a sharp move out of negative readings, according to CryptoQuant. This metric indicates that over the past 90 days, buyers are outweighing sellers, which is associated with stronger buyer pressure.
Historical examples suggest that when this zone is reached, it can be accompanied by a prolonged price rally. However, the current reading remains below levels seen during stronger growth phases, indicating that the trend may not be as sustainable.
Large holders have been accumulating coins, with wallets holding between 10 and 10,000 BTC adding 41,025 BTC over the past 10 days. This has lifted their combined balance to 13.64 million BTC, representing 67.93% of Bitcoin's total supply.