[Bitcoin Now] Bitcoin at $84,620… Wait-and-see approach maintained amid short-term momentum recovery

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As of April 14, 2025, 5:10 PM

Bitcoin recorded a slight increase to $84,620. The expectation of relaxed US tariff policies positively influenced risk asset sentiment, continuing the short-term momentum recovery. However, the increase remains limited due to rising exchange balances and constrained investment sentiment. The market maintains a balance between technical rebounds and selling pressure amid a wait-and-see stance.

📈 Price Now

Price $84,620 (0.22%↑) Bitcoin is trading at $84,622, up 0.22% from the previous day.

Volume $30.42 billion (4.53%↑) The trading volume in the past 24 hours increased by 5% to $26.79 billion, showing some revival of short-term momentum.

Daily Fluctuation 0.97% Bitcoin is up 0.97% today. Two days ago, it rose 2.26%, and yesterday it closed down 1.86%, showing repeated fluctuations.

Asset Comparison S&P500 ↑ · Gold ↓ The US S&P500 index, highly correlated with Bitcoin, rose 1.81% (95.31) to 5,363.36. Gold, a safe-haven asset, declined 0.09% (-2.9) to 3,241.70.

Mayer Multiple 0.9582 The Mayer Multiple dropped from 0.9773 to 0.9582, remaining below 1 and indicating the price is below the 200-day moving average ($87,383). Generally, below 0.8 is considered undervalued, and above 2.4 is considered overheated.

MACD 526.93 The Moving Average Convergence Divergence (MACD) was 526.94 on a daily basis and -2,593.47 on a weekly basis. There is some short-term upward pressure, but the medium to long-term downward trend continues.

🧭 Market Now

Active Addresses 609,614 Bitcoin active addresses decreased from 649,644 to 609,614, indicating a somewhat cautious investor attitude.

SSR 14.25 The Stablecoin Supply Ratio (SSR) decreased from 14.49 to 14.25. Generally, over 10 indicates insufficient standby funds, while below 6 suggests sufficient buying capacity.

OBV 16.37k The On-Balance Volume dropped from 16.62k to 16.37k, suggesting a slowdown in fund inflow and weakening buying pressure.

NUPL 47.5% The Net Unrealized Profit/Loss (NUPL) decreased from 48.56% to 47.50%, showing a reduction in the proportion of investors in profit.

MVRV 1.73 The Market Value to Realized Value (MVRV) dropped from 1.81 to 1.73, meaning the total market value is 73% higher than the average purchase price.

❤️ Investor Sentiment Now

Dominance 62.7% Bitcoin's market capitalization share increased by 1.84 percentage points to 62.7%.

Fear & Greed Index 29 (Fear) The CoinMarketCap Fear & Greed Index dropped from 32 to 29, indicating continued cautious investment sentiment.

Google Trend Score 45 The Bitcoin search volume increased from 43 to 45, showing a slight increase in public interest.

Exchange Balance 2,193,274 BTC Bitcoin deposited on exchanges increased by 0.07% to 2,193,274 BTC.

🎤 Today's Analysis

Analysis "BTC Recovers Short-Term Momentum... Influenced by Improving Macro Environment"

As the US shows signs of stepping back from extreme tariff policies and the macroeconomic environment improves, Bitcoin has recovered its short-term momentum. Bitget senior analyst Ryan Lee explained the current market situation, highlighting the potential for a risk-on rally and technical breakout.

[This article does not provide financial advice, and investment results are the sole responsibility of the investor.]

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#BitcoinPrice#ExchangeBalance#InvestmentSentiment#Short-TermMomentum#TariffPolicyRelaxation

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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