3 rising and 2 declining factors for viewing

TL; Dr

• Bitcoin continues to show signs of strength, as indications indicate constant attention and continuous growth.
• While feelings are very positive, similar conditions in the past have sometimes preceded sharp corrections, to remind investors to stay alertness.

The upscale elements

Bitcoin (BTC) worked on May 22nd Height To nearly $ 112,000 – its highest level ever. Since then, it has returned to $ 10,600 (according to Coingecko), but there are several factors indicating that there is still fuel for more gains.

Earlier today (May 29), famous analyst Ali Martinez open More than 30,000 BTC was transferred from exchanges in the last 30 days. Calculated in the current prices, the hideout is equal to more than $ 3.2 billion.

Such development indicates that investors have turned from central platforms to self -friction solutions, which are that Reduces immediate sale pressure.

According to Cryptoquant data, the display of the stocks is currently on the stock exchanges Stand In less than 2.45 million BTC, which is the lowest note since the summer of 2018.

The next factor is the growing flows towards the investment funds circulating in the instant bitcoin. Data collected by Sosovalue He appears The last day with Netflow is negative It was May 13. Since then, money has attracted more than $ 4.1 billion in just two weeks.

For example, ISHARES Bitcoin ETF (IBIT), for example, recorded 33 consecutive days of flows, accumulating nearly $ 4 billion in the past two weeks. The investment vehicle is now among the five best investment funds (of more than 4200 products) in terms of flows 2025.

Finally, not another, we will look at the percentage of BTC market value to the achieved value (MVRV). As the name suggests, it compares Bitcoin The market value of its achieved cross And help Traders determine whether the original is less than its value or its appreciation.

During the past month, the percentage was hovering in the health area of ​​2 and 250, indicating that there is still room for price growth. Cryptoquant allegations that values ​​are historically more than 3.70 market peaks, while the numbers below 1 The bottoms have indicated.

Tank

Unlike the optimistic scene, there are some concerns that must be taken into account. Intotheblock data shows that, at the present time, there is no one BTC investor sitting on paper losseswhile 98 % amazing achieved some profits (at least on paper) on their initial investments.

this It may seem encouraging, but in the past, such trends It was sometimes followed By price withdrawal. In October 2024, on 95 % of BTC holders were like the basis of assets Rise 69,000 dollars before a short period of less than 65,500 dollars. Similar pattern Also seen In September and March last year.

As stated earlier today, Santiment also believes that these high numbers of profit investors may originally raise a problem because they tend to achieve profits.

We move now to common Fear & Greed, which was either in the lands of “greed” or “extreme greed” since May 5. The scale discusses various factors, including price fluctuations, survey responses, and social media activity, to evaluate the ongoing investor morale towards the encrypted currency.

It seems that there Optimism is increasing and increasing appetite for BTC, but let’s not forget that the encryption market is unpredictable, and price movements often challenge the crowd’s expectations. One should also consider the famous Warren Pavite advice, which once said that “people should be afraid when others are greedy and only be generous when others are afraid.”