As of April 17, 2025, 3:30 PM
Bitcoin continues its three-day upward trend, maintaining a short-term rebound. Positive signals such as increased Volume, rising dominance, and expanded active addresses are appearing, but the slowdown in price increase, OBV decline, and low SSR still suggest mixed market sentiment.
๐ Price is now
Price $84,400 (1.04%โ) Bitcoin is trading at $84,402, up 1.04% from the previous day. While maintaining a three-day upward trend, the pace of increase is slowing, leaving room for a potential shift to a wait-and-see approach.
Volume $27.72 billion (4%โ) The trading Volume in the past 24 hours increased by 4% to $26.79 billion (approximately 39.276 trillion won). The increase in Volume from the previous day adds validity to the rebound.
Daily Fluctuation Rate 0.46% Bitcoin is up 0.46% today. After closing 1.04% lower on the 15th, it has been slightly rising for two consecutive days, including 0.44% on the 16th.
Asset Comparison S&P500 โ ยท Gold โ The U.S. S&P500 index, which has high correlation with Bitcoin, recorded 5,275.70, down 2.24%(-120.93). Gold, a safe-haven asset, recorded $3,342.00, down 0.13%(-4.4).
Mayer Multiple 0.9589 The Mayer Multiple rose to 0.9589 but remains below 1, indicating that the price is still below the 200-day moving average ($87,660). Generally, below 0.8 is considered undervalued, and above 2.4 is considered overheated.
MACD 509.23 The Moving Average Convergence Divergence (MACD), which determines trend direction and potential reversal, was recorded at 509.23 on a daily basis and -2,610.62 on a weekly basis. While short-term upward pressure is dominant, the weekly basis remains negative, requiring further confirmation of trend reversal.
๐งญ Market is now
Active Addresses 732,372 Bitcoin active addresses decreased from 743,549 the previous day to 732,372. User activity remains at a good level, but network participation has somewhat slowed.
SSR 14.26 The Stablecoin Supply Ratio (SSR) slightly increased from 14.2 to 14.26. Generally, SSR exceeding 10 indicates insufficient standby funds, while below 6 suggests sufficient buying capacity.
OBV 17.05k The On-Balance Volume (OBV), indicating Bitcoin's fund flow based on trading Volume, decreased from 18.11k to 17.05k. Despite price increase, OBV declined, suggesting a trend of selling-oriented trades.
NUPL 47.81% The Net Unrealized Profit/Loss (NUPL) is 47.81%, indicating that about half of the investors are in a state of unrealized gains.
MVRV 1.76 The Market Value to Realized Value (MVRV) dropped from 1.74 to 1.76. This means the total market value is 76% higher than the average purchase price. Generally, MVRV below 1 indicates a loss state, and above 3 is considered an overheated zone.
โค๏ธ Investor Sentiment is now
Dominance 63% Bitcoin's market capitalization share in the entire cryptocurrency market increased by 2.27% to 63%. The Bitcoin-centric trend is strengthening.
Fear & Greed Index 30 (Fear) The CoinMarketCap Fear & Greed Index, which quantifies market investment sentiment on a 0-100 scale, pointed to 30. From the previous day's 29 (fear) and previous week's 25 (fear), the number is gradually improving, showing signs of sentiment recovery. Investment sentiment remains cautious but has the potential to transition to a bottom recognition zone.
Google Trend Score 38 The Google Trend score reflecting Bitcoin search Volume dropped from 43 to 38, indicating declining public interest.
Exchange Balance 2,181,513 BTC The amount of Bitcoin deposited on exchanges decreased by 0.12% from the previous day and 0.41% from the previous week to 2,181,513 BTC ($184.124 billion). The decrease in Bitcoin exchange balance continues to show a strengthening holding tendency.
Wallet Deposits/Withdrawals -3.04K BTC 3.04K BTC flowed out of external wallets. Following 6.41K BTC on the 16th, the inflow has decreased, but the trend of increasing sell-side waiting Volume continues for two consecutive days.
๐ค Today's Words
Powell: "Don't Expect Fed Market Intervention... Trump Changes Every Day"
According to foreign media, Federal Reserve Chair Jerome Powell said in a speech, "Don't expect the Fed to intervene in the market. Trump is changing every day." When asked whether the Fed would intervene to respond to stock market crashes, he replied, "My answer is 'no'. Despite facing numerous uncertainties, the market is digesting the current situation." He added, "It's too early to predict what's happening in the market. People often think something and then realize two months later that their thought was completely wrong. Some market chaos is due to hedge funds or reducing leverage or debt. Market volatility may continue in the short term."
[This article does not provide financial advice, and the investment results are the sole responsibility of the investor.]
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