Bitcoin Market Pressure Eases, Investors Show Optimism
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Market Stabilization Signs: After months of intense selling pressure, the cryptocurrency market shows signs of stabilization as the year ends, with on-chain indicators suggesting potential for a rebound, leading to growing optimism among investors.
- Easing Selling Pressure: Analysts from CryptoQuant highlight a significant decline in Coin Days Destroyed (CDD) data following major Bitcoin transactions on Coinbase, indicating reduced selling pressure from long-term holders and a potential normalization of the market.
- Key Price Levels: Analyst Michael Poppe identifies critical price levels for Bitcoin at $86,500 and $88,000, noting that a breakout past $88,000 could signal a more positive market outlook, despite current low liquidity.
- Investor Focus on External Factors: As the market approaches year-end, investors are closely monitoring changes in gold prices, as these external factors may influence Bitcoin prices, with market sentiment shifting towards cautious optimism.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






