According to Material Indicators, FireCharts binned CVD data indicates that significant selling from 'purple whales' has occurred over the past 24 hours. This activity suggests that Bitcoin (BTC) may be positioned to grind towards a retest of its local support levels.

According to Material Indicators (@MI_Algos), Bitcoin has established a new local support level, which is a positive sign for traders looking at price stability. Additionally, the TOTAL3 index, which excludes Bitcoin and Ethereum, has shown growth, indicating that altcoins might be finding a bottom, signaling potential opportunities for traders in the altcoin market.