Bitcoin Holds Range as On-Chain Indicators Show Early Bottoming Signs
Photo: TokenPost
Bitcoin remained range-bound Oct. 12 as elevated U.S. Treasury yields, high oil prices and profit-taking weighed on risk assets while on-chain indicators showed early signs of stabilization. Exchange reserves remained low despite a recent rebound. Apparent demand recovered sharply from deeply negative levels but stayed below zero, while whale holdings remained near 3 million BTC during the correction. “These developments suggest conditions for a bottom are improving,” XWIN Japan said. The signals do not confirm a durable reversal. Sustained spot Bitcoin ETF inflows, stronger U.S. spot-market buying and continued demand recovery are still needed to validate the improvement.
Source: TokenPost
