MARKETS07:07 UTC16h ago 1 min readSource: CoinDesk

Bitcoin is testing a level that capped its rally in January, CryptoQuant says

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Bitcoin is testing a level that capped its rally in January, CryptoQuant says
Image via CoinDesk

Macro-driven ETF inflows have lifted prices, but CryptoQuant data signals large holders are positioning to sell near a key breakeven zone

AI Executive Brief
  • / Bitcoin's price is approaching a significant level that previously limited its growth in January.
  • / Investment in macro-driven ETFs has contributed to the recent increase in Bitcoin prices.
  • / Data from CryptoQuant suggests that large holders may be preparing to sell near this key level.

AI-generated summary for informational purposes. Verify with original source.