Bitcoin Price Rally Masks a $35,000 On-Chain Gap Bulls Are Ignoring
BeInCrypto
Current Bitcoin price gains may be deceptive due to an unresolved on-chain cost-basis gap and diminishing trading volume.Summary
Despite recent Bitcoin price recovery, technical and on-chain indicators suggest potential weakness. An ascending channel pattern and declining trade volume indicate fading conviction among buyers. Crucially, a significant $35,000 cost-basis gap remains between Short-Term Holders and Long-Term Holders; historically, bear markets conclude only after this gap inverts. While spot accumulation is increasing, analysts warn that without a decisive breakout above $79,240, this rally may represent a corrective trap rather than a sustained reversal.
(Source：BeInCrypto)