BroadChain News, April 24, 12:16, according to Bitcoinist, over the past 30 days, more than 300,000 BTC have been transferred to long-term holder wallets, which analysts believe reflects the firm confidence of serious investors. The Cryptocurrency Fear and Greed Index from Alternative.me surged 14 points in a single day to 46, reaching a new high since January 18, but it remains in the "fear" zone. Bitcoin briefly touched $79,500 before stabilizing around $78,000.
CryptoQuant analysis indicates that this rally is entirely driven by the perpetual futures market, while spot demand is still contracting, posing a risk of a pullback. Strategy, formerly known as MicroStrategy, increased its holdings by 53,000 BTC in one month. Bitwise Chief Investment Officer Matt Hougan stated that retail traders have not yet returned on a large scale, which limits the upside potential of the sentiment index.