Bitcoin demand returns, giving bulls fuel to turn $72K to support
Bitcoin buy-side activity in the spot and futures markets supports the current rally toward $72,000, while short-term holders eased up on selling, increasing the chances of bulls taking control of BTC’s price direction.
Bitcoin (BTC) rallied above $72,000 on Tuesday as BTC order book and derivatives data showed buyers returning to the market.
Bitcoin’s recent trading history suggests that holding the $70,000 level is the first task bulls need to master, but previous BTC price rallies were capped by short-term traders selling into the bullish momentum. Will this time be different?
Bitcoin held above $71,300 on Wednesday as the spot market demand strengthened over the past few days. The order flow across major exchanges shows a clear shift toward investor accumulation.
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