Bitcoin Longs at Highest Since 2023, But Spot Demand Weakens—What’s Next?

Bitcoin traded above $77,000 on Thursday as market sentiment improved on hopes of a possible U.S.-Iran peace deal. However, CryptoQuant data showed a divided market, with long-term holders, whales, miners, derivatives traders, and ETF investors sending mixed signals. CryptoQuant data showed a sharp rise in the Long-Term Holder Supply Inflow metric between March and May […] Read The Full Article Bitcoin Longs at Highest Since 2023, But Spot Demand Weakens—What’s Next? On Coin Edition.