Bitcoin Bulls Take the Lead as Buyers Dominate Exchange Activity

Bitcoin buyers are showing no signs of slowing down, even as the cryptocurrency continues to push into uncharted price territory. Recent data from onchain analytics firm CryptoQuant suggests that the latest surge to all-time highs is being met with unusual optimism, with buyers firmly in control of the market. The 90-day cumulative volume delta (CVD), which measures the net difference between buy and sell orders, indicates that buy-side pressure is once again dominant . According to CryptoQuant contributor Ibrahim Cosar, this renewed strength among buyers could signal that the uptrend may be far from over. “Buy orders have become dominant again,” Cosar noted. “This generally signals that the uptrend may continue.” Market Resilience Despite 50% Bitcoin Price Surge Bitcoin has surged more than 50% in less than two months, yet investor enthusiasm remains strong. Unlike previous bull cycles, this rally appears to be fueled by sustained buying interest rather than speculative hype. The CVD data shows that while sellers briefly held control earlier in the year—particularly leading into April when BTC/USD touched multimonth lows below $75,000—buyers have decisively taken over since May. Cosar explained that the market’s ability to absorb new all-time highs above $110,000 without a noticeable increase in sell orders reflects a deeper bullish sentiment. “As the price tests above $110K and reaches a new all-time high, buyers have not backed down,” he wrote, adding that this could pave the way for another upward breakout. Long-Term Holders Remain Unmoved Further reinforcing the strength of the current market, long-term Bitcoin holders have refrained from taking profits despite higher prices. According to data from Glassnode, daily profit-taking is currently half the level observed when Bitcoin first hit $100,000 in December 2024, even though prices are now 10% higher. Glassnode also reported a notable decrease in the activity of older coins, signaling that long-term holders are showing greater conviction. CryptoQuant echoed these findings, noting that Bitcoin’s momentum picked up after reclaiming the short-term holder average cost basis, just under $100,000. This level often acts as a critical “buy-the-dip” signal during bull markets. The post Bitcoin Bulls Take the Lead as Buyers Dominate Exchange Activity appeared first on TheCoinrise.com .

Source: The Coin Rise