CryptoQuant analyst: Total BTC demand has increased to approximately 170000 in the past 30 days

According to AI, an on chain analyst, BIT affiliated entities closed multiple ETH and BTC orders worth $419 million at 11 addresses, earning a profit of $55.095 million. At present, there are 1602.11 ETH multiple orders remaining at addresses 0xf78... 6c581, with a value of 3.97 million US dollars and a floating profit of 707000 US dollars.

Treasury says Ivan Obukhov processed over $100 million in crypto for IRGC-QF oil sales since 2023.

CryptoQuant analyst Axel Adler Jr. stated that BTC has re entered the short-term holder cost line of $68200 and surpassed the SMA111 of $67500 and SMA200 of $69000. At present, SMA111 and SMA200 are both below SMA365 at $83200, and the trend reversal has not been confirmed yet. BTC needs to hold in the $68000 to $69000 range and break through the SMA365 resistance level of $83200.

According to TradingBeats monitoring, as of press time, BTC has risen by about 3.0% in the past 24 hours, ETH has risen by about 0.9%, and BTC is leading by about 2.2 percentage points in the short term. However, during the period when BTC is dominant, address 0x0911 is involved in a $20 million fund movement.

CryptoQuant analyst Darkfost stated on X platform that the total demand for BTC has increased to approximately 170000 BTC in the past 30 days, and the market is currently entering a demand driven upward phase, with new demand absorbing profit taking and selling orders.