(BTCThe soaring (DXY) is still trading at $40,000, as bears seek to make the level into resistance. The sellers are favoured by the DXY, which is often invertedly related to Bitcoin. It isn’t all doom and gloom though, as the It seems that Bitcoin bulls are taking cuesThe Nasdaq has hovered close to the positive zone for the NDX (Nasdaq).

While the risky assets of the past days have been at the receiving end, Bitcoin hodlers now focus on the longer-term bullish projections. Neglecting the short-term weakness. Glassnode data shows that Bitcoin’s supply that has not moved for at least a year has hit above “64% for the first time ever.”