Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download

Bitcoin shows signs of bottoming as long-term holders stop large profits and supply in profit hits bear market lows.

Technical Signals
07 Jun 2026
Blockonomi
View Source
Bullish
pluang ai news

Bitcoin's market indicators suggest a potential bottoming phase rather than a structural breakdown. The ratio of long-term to short-term holder profit-taking has dropped sharply, indicating long-term holders are no longer selling heavily. Additionally, Bitcoin's supply in profit has fallen to 47%, matching levels seen at past bear market floors. The price is nearing key support zones like the 200-week moving average and Realized Price. Despite competition for capital from AI stocks and tech IPOs, these signals point to a shift from distribution to accumulation, with sentiment moving from euphoria to caution. The market awaits fresh capital inflows to confirm recovery.

More News

Survodutide cuts visceral fat by 34% and liver fat by 63%, boosting metabolic health in obesity Phase III trials.

Survodutide cuts visceral fat by 34% and liver fat by 63%, boosting metabolic health in obesity Phase III trials.

Boehringer Ingelheim's Phase III trials of survodutide, a glucagon/GLP-1 dual agonist, showed significant metabolic health improvements in people with obesity. The SYNCHRONIZE-1 trial reported up to 16.6% weight loss, 34% reduction in visceral fat, a...

Company Fundamentals
Bullish
4 hours ago
US stock futures fall and oil prices rise amid renewed Iran conflict threats.

US stock futures fall and oil prices rise amid renewed Iran conflict threats.

US stock futures dropped on Sunday following a significant tech sector selloff on Friday that ended a two-month rally on Wall Street. The Dow Jones futures fell over 200 points, while S&P 500 and Nasdaq-100 futures also declined by 0.5%. These market...

Market News
Bearish
4 hours ago
NY judge pauses $235B lawsuit over dormant Bitcoin wallets, delaying ownership claims.

NY judge pauses $235B lawsuit over dormant Bitcoin wallets, delaying ownership claims.

A New York judge has temporarily halted a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets holding about 3.8 million BTC, worth roughly $235 billion. The plaintiffs argue that unclaimed Bitcoin should be treated as lost property, but legal...

Market News
Neutral
4 hours ago
Ethereum's RSI hits historic lows amid heavy selling, signaling extreme oversold conditions.

Ethereum's RSI hits historic lows amid heavy selling, signaling extreme oversold conditions.

Ethereum's Relative Strength Index (RSI) has dropped to its lowest level ever, falling between 17 and 25, well below the oversold threshold of 30. This unprecedented weakness coincides with a 64% price drop from its August 2025 peak and exchange bala...

Technical Signals
Neutral
4 hours ago
Poll shows 59% of Bitcoin investors won't concede even if price crashes, Schiff calls them a 'cult'.

Poll shows 59% of Bitcoin investors won't concede even if price crashes, Schiff calls them a 'cult'.

A recent poll with over 16,000 votes revealed that 59% of Bitcoin investors would not admit defeat even if Bitcoin's price fell to zero. Peter Schiff, a gold advocate and critic of Bitcoin, called this unwavering loyalty 'cult-like' behavior. He also...

Market News
Bearish
4 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App