Crypto Express

07/13 09:27

Why Bitcoin’s ATH isn’t forcing traders to sell

Bitcoin’s recent rally has been met with an unusual investor response, as profit-taking remains minimal and buying volume stays moderate. A supply squeeze may be on the horizon, with available Bitcoin on exchanges dropping to a market low.

Bitcoin [BTC] has seen a significant surge over the past week, first closing at a new weekly high of $109,216 and then forming an all-time high of $118,856 at the time of writing.

Interestingly, this rally has not triggered typical investor behavior—there’s little profit-taking. In fact, more traders appear bullish, though not excessively so.

The  analysis points to historical trends, but one thing is clear: market sentiment remains strongly bullish.

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