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Long-dormant coin holders often react during significant market events, such as new ATHs, cycle tops and bottoms, and key structural shifts. The LTH-NUPL metric, indicating Unrealized Profit and Loss for Long-Term Holders, reached 0.55 this week, reflecting a substantial 55% unrealized profit for the average long-term investor. This level has historically posed significant resistance for Bitcoin bulls in previous cycles. By Crypto Australia

#TOTAL MARKET CAP UPDATE : Index changed the market structure flipped the bearish, and given a close below too. Moreover, if we look into weekly TF, Weekly says some huge rejection past few weeks and this might be the final one. Well, overall now market kinda turning bearish, so better wait for the market to switch the direction before entering any sort of full positioning entries. Next Zone Index can reach will be $1.46T - $1.49T Support Area. By Crypto Australia

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📊Difference in GBTC trading volumes before and after approval of spot Bitcoin ETFs Although the effect of ETFs seems disappointing to most, the actual volumes cannot be underestimated: they account for 10% of the total BTC trading volume ($2.57 billion vs. $25.258 billion) For comparison, daily volumes of MSTR (Microstrategy shares) average $500 million (i.e., approximately 1/5 of the ETF) By Crypto Australia

#BTC made a Weekly Closing bearish and shows sell pressure. Price rejecting the Major Support Zone, which is good but weekly still can play from here. Price above $42,000 will be considered bullish and below $40,000 Bearish, which could lead price to more downfall. By Crypto Australia