Bitcoin Hodlers Add 10% as BTC Lines Up a Run to $90,000
BeInCrypto
Bitcoin is forming a bull flag pattern as long-term holders increase their positions while derivatives leverage resets, signaling potential momentum toward $90,000.Summary
Bitcoin is currently trading in a 'bull flag' consolidation pattern after a significant rally. While derivatives markets have experienced a 10% reduction in open interest, suggesting a neutral reset, long-term holders have increased their accumulation by over 10% since mid-April. Analysts indicate that a daily close above $75,190 is critical for confirming a breakout, which could potentially drive the asset toward a $90,000 target.
(Source：BeInCrypto)