Bitcoin has turned itself around with a sharp surge to $92,000, unleashing a fresh wave of short liquidations on the derivatives exchanges. Bitcoin Has Seen A Flash Recovery Back To $92,000 Bitcoin suffered a blow on Monday as its price slipped under $84,000, but just as quickly as it had crashed, the cryptocurrency has made a swift recovery on Tuesday. Related Reading: Bitcoin Long-Term Holders See First Uptick Since April Lows: Bullish Sign? With the asset’s price now floating above $92,000, its price has surged by more than 8% over the last 24 hours. Like is usually the case, Bitcoin hasn’t been alone in this rally; the rest of the cryptocurrency market has also shot up alongside the number one digital asset. Some of the top altcoins have even managed to outperform BTC, with Ethereum (ETH) sitting in a profit of nearly 10% for the past day. The fresh wave of volatility in the sector has triggered a liquidation squeeze in the derivatives market. Crypto Liquidations Have Crossed $400 Million In Last 24 Hours According to data from CoinGlass, the cryptocurrency market as a whole has suffered over $410 million in liquidations during the past day. “Liquidation” here naturally refers to the forceful closure that any contract undergoes after it has amassed a certain percentage of loss (as defined by the platform). Considering that the price action in this window was majorly to the upside, it’s not surprising to see that short contracts made up for most of the derivatives flush. As is visible in the above table, $348 million in short positions found liquidation in the last 24 hours, equivalent to about 85% of the total flush. In terms of the individual symbols, Bitcoin, Ethereum, and Solana were the top three contributors to the liquidation event with $196 million, $95 million, and $18 million in positions, respectively. Just $13 million of the Bitcoin liquidations involved long investors; the rest $182 million in liquidations struck the traders betting on a bearish outcome for the cryptocurrency. A mass liquidation event like this latest one is popularly known as a squeeze. Today’s squeeze involved shorts in an extreme majority, so the event will be termed a short squeeze. During a squeeze, a sharp swing in the price triggers a large derivatives flush, which only ends up feeding back into the price move. The amplified price swing then unleashes a further cascade of liquidations. Related Reading: XRP Crashes 9.5%, But TD Sequential Flashes A Buy Signal Such events aren’t a particularly rare sight in the cryptocurrency market, as assets tend to be volatile and many traders opt for significant amounts of leverage. Featured image from Dall-E, CoinGlass.com, chart from TradingView.com
Data shows the Bitcoin Fear & Greed Index has surged back into the neutral zone after the recovery rally in the cryptocurrency’s price. Bitcoin Fear & Greed Index Now Has A Value Of 51 The “Fear & Greed Index” refers to an indicator created by Alternative that measures the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. The metric uses the data of the following five factors to determine the investor mentality: trading volume, market cap dominance, volatility, social media sentiment, and Google Trends. The index uses a numerical scale running from zero to hundred for representing this sentiment. All values above 53 correspond to greed among the investors, while those below 47 to fear. The region between the two cutoffs naturally corresponds to a net neutral mentality. Related Reading: Nearly $360M In Crypto Shorts Squeezed As Bitcoin Recovers To $116,000 Now, here is how the current Bitcoin market sentiment is like, according to the Fear & Greed Index: As is visible above, the indicator has a value of 51, which suggests the trader sentiment is almost exactly in the balance right now. This is a notable change in market mood compared to just a few days ago. As displayed in the chart, the Fear & Greed Index was inside the fear zone during the past few days. The despair among the traders was a result of the bearish price action that BTC had recently faced. At one point, the indicator even fell to a low of 22, reflecting a state of “extreme fear.” This zone, which occurs below 25, corresponds to investors being the most bearish toward the market. There is a similar region for the greed side as well, called the “extreme greed,” situated above 75. Historically, the extreme sentiments have been quite significant for Bitcoin and other cryptocurrencies, as they are where major tops and bottoms have tended to form. The relationship has been an inverse one, however, meaning extreme fear is where bottoms form, while extreme greed facilitates tops. Since the extreme fear low earlier in the month, BTC has been on the way up, a potential indication that the contrarian signal of the sentiment may once again be in action. Related Reading: XRP Flashes TD Buy Signal: Start Of Fresh Rally? The cryptocurrency has extended its recovery in a sharp manner during the last couple of days, which may be a potential reason why the Fear & Greed Index has surged back to the neutral territory now. Though, for now, Bitcoin traders are still undecided on whether bullish action will follow next. It now remains to be seen whether they will embrace greed, or continue to be hesitant about the recovery. BTC Price At the time of writing, Bitcoin is floating around $114,900, up 3.6% over the last seven days. Featured image from Dall-E, Alternative.me, chart from TradingView.com
On-chain analytics firm CryptoQuant has explained how there aren’t any signs of a Bitcoin price peak yet, based on this indicator. Bitcoin Net Realized Profit/Loss Is Still At Moderate Levels In a new post on X, CryptoQuant has shared the latest trend in the Bitcoin Net Realized Profit/Loss. This indicator tells us about whether the Bitcoin investors are selling their coins at a net profit or loss. The metric works by going through the transaction history of each token being spent to see what price it was moved at before this. If this previous selling price for any coin was less than the spot price it’s now being transacted at, then the token’s sale is assumed to be leading to the realization of some net profit. Related Reading: XRP Could Retest Triangle Support At $2.72, Analyst Warns The degree of profit realized is naturally equal to the difference between the two prices. In tokens of the opposite case (that is, the last price is higher than the latest spot BTC value), the sale realizes a loss instead. In the context of the current discussion, the version of the Net Realized/Profit Loss that’s of interest is specifically the 1-year sum, denominated in BTC. Below is the chart for the metric that shows how its value has fluctuated over the past few years. From the graph, it’s visible that the Bitcoin Net Realized Profit/Loss witnessed an uptrend in 2024 and reached a high of 5.1 million BTC in January 2025. This suggests that the market took part in a significant amount of profit-taking that year. After the January peak, however, the metric reversed course and started going down instead. This decline in profit realization was a result of the bearish price action that the cryptocurrency faced in the first few months of the year. After bullish winds returned for the cryptocurrency, though, the Net Realized Profit/Loss once again began to move up. This upward trajectory has naturally continued alongside BTC’s latest rally to a new all-time high (ATH) and the indicator has reached the 4.4 million BTC mark. Though this value is significant, it’s clearly lower than the January 2025 top. This earlier peak itself was still lower than the 7.7 million October 2021 high from the previous cycle. Related Reading: Bitcoin & Altcoin OI Forming Same Warning Setup As Dec 2024, Analyst Says “Bitcoin’s rally still looks intact,” notes CryptoQuant based on the trend. “No signs yet of a price peak.” It now remains to be seen how BTC’s price action will look in the near future and whether the Net Realized Profit/Loss will observe any shift. BTC Price Bitcoin has been down since setting its ATH above $126,000, as its price currently floats around $122,700. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin has seen a pullback below the $121,000 mark in the past day. Here’s where the next support level could lie, according to on-chain data. Bitcoin Has Witnessed A Fast Plunge During The Last 24 Hours Bitcoin looked to be entering into an extended all-time high (ATH) exploration mode as it set multiple new records over the weekend and Monday, but the market has been delivered a Tuesday shock as the cryptocurrency has seen a quick crash back below $121,000. Compared to the new ATH around $126,200, Bitcoin is now down more than 4%. The altcoins have also taken a hit during the past day, with many top coins even printing returns worse than the number one digital asset. 24-hour losses stand at 5% for Ethereum and 6% for XRP. BNB is the only cryptocurrency among the large caps that has managed a positive return of 5%. Related Reading: Social Media Turns Bearish On XRP: Is This A Buy Signal? With Bitcoin now sliding down, one question naturally arises: how much lower can the asset go? While markets are unpredictable, there can still be some factors worth keeping an eye on. One such factor may be on-chain support clusters. BTC CBD Shows Support Cluster Around $117,000 In a new post on X, on-chain analytics firm Glassnode has talked about how the Cost Basis Distribution (CBD) is looking for Bitcoin. The CBD is an indictor that tells us about how many tokens of the cryptocurrency were last acquired at the various spot price levels. Below is the chart for the metric shared by Glassnode. As displayed in the above graph, the $120,000 to $121,000 range, which the cryptocurrency is retesting right now, carries the cost basis of a thin amount of supply. In on-chain analysis, investor cost basis is considered an important topic because holders tend to react in a special manner whenever their break-even level is retested. The more supply that was last purchased at a particular level, the stronger is the market’s reaction to a retest. When investors face a retest of their profit-loss boundary from the above, they may decide to buy more, believing the drawdown to be a “dip” or for simply defending their cost basis. Given that the current range contains the cost basis of some investors, some degree of accumulation could happen, but it only remains to be seen whether it will be enough for a bottom. Related Reading: Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next? In the scenario that BTC declines further, the next key support cluster to watch is located near $117,000, where a notable 190,000 BTC was acquired. “A pullback into this area could attract demand as recent buyers defend the level,” explains the analytics firm. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
On-chain analytics firm Glassnode has revealed where a Bitcoin level historically seen as a key battleground between bulls and bears currently lies. Bitcoin Short-Term Holder Cost Basis Is Situated At $111,400 Right Now In a new post on X, Glassnode has talked about the Bitcoin Realized Price of the short-term holders. The “Realized Price” is an on-chain indicator that measures, in short, the average cost basis or acquisition level of the average investor on the BTC network. Related Reading: Bitcoin Fear & Greed Index Signals ‘Fear’ As Price Falls To $112,000 When the spot price of the cryptocurrency is trading above this metric, it means the holders as a whole are sitting on some net unrealized profit. On the other hand, being under the indicator implies the overall market is underwater. In the context of the current topic, the Realized Price of a specific part of the blockchain is of interest: the short-term holders (STHs). This cohort includes the investors who purchased their coins within the past 155 days. Now, here is the chart shared by the analytics firm that shows the trend in the Bitcoin STH Realized Price over the last few years: As displayed in the above graph, the Bitcoin STH Realized Price is currently sitting at $111,400, which means that the cryptocurrency’s spot price is trading quite near it. As such, if the asset’s latest bearish momentum continues, a retest of the level could happen. Historically, BTC has had some notable interactions with the metric, with it rotating roles as both support and resistance. The explanation behind this trend lies in the fact that STHs include the most reactive investors in the market. If the mood in the sector is bullish, these traders participate in buying on retests of their cost basis, believing the decline to be just a “dip.” Similarly, they sell at their break-even mark when the sentiment is bearish, fearing that they will drop into losses again. When one of these patterns doesn’t hold for the indicator, it can be a sign that the market structure is shifting. In other words, which side of the line BTC is trading could have an impact on its trajectory. “The short-term holder cost basis is often treated as the key battle line between bulls & bears,” notes Glassnode. Related Reading: Bitcoin Falls Below $113,000, But This Indicator Says It’s Time To Buy Given the relevance that the STH Realized Price has had in the past, a retest for Bitcoin, if one happens, could be worth watching. “Sustained trading below this level could signal a shift toward a mid- to long-term bearish market structure,” explains the analytics firm. BTC Price Bitcoin has been unable to make any recovery since Monday’s plunge as its price is still floating around the $112,800 mark. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Bitcoin is once again at the center of market attention, trading at critical price levels after a 9% surge since the start of August pushed it to just below its $123,000 all-time high. The rally has reignited the bull-vs-bear debate, with analysts split on where BTC heads next. Some believe the momentum will be enough to break through resistance and set fresh record highs, while others warn of a looming deeper correction if buying pressure falters. Related Reading: Ethereum Bullish Fundamentals Clash With Short-Term Leverage Risks Adding to the intrigue, key data from CryptoQuant shows that despite Bitcoin’s climb to this milestone, the Realized Profit and Loss (P&L) Ratio remains close to its historical average. This metric, which measures the magnitude of gains or losses realized by market participants, suggests the current uptrend is not yet in the overheated territory that often precedes sharp reversals. For bulls, this could indicate room for further upside without excessive risk of a rapid downturn. For bears, it’s a reminder that Bitcoin’s long-term trend remains intact but vulnerable to sudden shifts in sentiment. With volatility still defining the crypto landscape, the next moves around this level could shape Bitcoin’s trajectory for the rest of the year. Bitcoin Faces Pivotal Test As ATH Breakout or Rejection Looms According to top analyst Axel Adler, Bitcoin’s current market structure presents a much lower risk of a sharp trend reversal compared to previous peaks in the Realized Profit and Loss (P&L) Ratio. In past cycles, this metric often spiked to overheated levels before major pullbacks, signaling that market participants were taking excessive profits all at once. Today, however, the P&L Ratio remains closer to its average range, indicating a more balanced market environment despite Bitcoin trading just below its $123,000 all-time high. This suggests that while volatility remains a constant in the crypto space, the immediate probability of a dramatic downturn is lower than in past overheated phases. Still, Adler emphasizes that Bitcoin is entering a critical price range where market direction will be decided. Breaking above the all-time high is essential for the uptrend to continue, as such a move would likely trigger a new wave of momentum buying and potentially set the stage for fresh record highs. On the other hand, failing to clear this level—especially after multiple attempts—could result in a sharp correction or an extended period of sideways consolidation, testing investor patience. Other analysts highlight the contrast between Bitcoin’s strong long-term fundamentals and the current market indecision. On-chain data points to healthy accumulation trends, steady network activity, and relatively contained leverage in derivatives markets—all signs of underlying strength. Yet, uncertainty over macroeconomic conditions, regulatory developments, and short-term profit-taking continues to weigh on sentiment. Related Reading: Bitcoin Open Interest Flips Negative After July Peak – Risk Appetite Cools BTC Price Analysis: Testing Critical Resistance Bitcoin’s price action shows a decisive rally since early August, climbing nearly 9% and approaching the all-time high at $123,217.39. On the 8-hour chart, BTC faced strong rejection near this resistance, pulling back to the $118,500 area. The recent move marks the second approach toward this level in the past three months, highlighting its importance as a critical breakout point. The chart also reveals that BTC remains above its key moving averages — the 50 SMA ($116,605), 100 SMA ($117,340), and 200 SMA ($112,019) — reinforcing the underlying bullish structure. The 50 SMA has recently crossed above the 100 SMA, a short-term bullish signal suggesting continued upward momentum if buyers can sustain pressure. Related Reading: Altseason Still On Hold – Metrics Reveal BTC Outpaces Large, Mid, Small Caps However, the failure to break above the $123K level could lead to renewed selling pressure, with potential retracements toward the 100 SMA or even the 200 SMA if momentum fades. A confirmed breakout above $123K would likely trigger a new wave of buying, pushing BTC into price discovery and setting fresh record highs. Featured image from Dall-E, chart from TradingView
Data of the Bitcoin Stablecoin Supply Ratio suggests investors have stronger purchasing power today than during the previous bull rally. Bitcoin Stablecoin Supply Ratio Showing Neutral Purchasing Power In its latest weekly report, the on-chain analytics firm Glassnode has talked about the latest trend in the Stablecoin Supply Ratio (SSR) of Bitcoin. This indicator measures the ratio between the Bitcoin supply and the supply of stablecoins. Related Reading: Dogecoin Bounces Back With 8% Gain—Is $0.26 In Sight? Stablecoins are cryptocurrencies that have their price tied to a fiat currency. The SSR specifically measures the supply of the stablecoins tied to the US Dollar (USD). As for the role that these assets play in the sector, Glassnode explains: Stablecoins have become a critical component of the digital asset ecosystem, serving as the primary quote asset for trading across both centralized and decentralized venues. Functionally, they represent readily available capital, or “dry powder”, available for digital asset purchases. As such, the SSR compares the Bitcoin supply against this available dry powder. In other words, it tells us about how the cryptocurrency compares against the investor’s purchasing power. When the value of the metric is high, it means the BTC supply is high compared to the stablecoin supply. In other words, the trader’s purchasing power is weak. On the other hand, the indicator being low suggests there is high dry powder available relative to the BTC supply. In the context of the current discussion, the SSR itself isn’t of focus, but rather a modified indicator called the SSR Oscillator. According to the analytics firm, the metric measures “how the 200d SMA of the SSR moves within the Bollinger Bands BB(200, 2).” Now, here is a chart that shows the trend in the Bitcoin SSR Oscillator over the last few years: As displayed in the above graph, the Bitcoin SSR Oscillator has been close to the zero mark during the last couple of months, indicating the investor purchasing power is more or less neutral compared to the size of the BTC supply. Related Reading: Bitcoin Short-Term Upper Bound Is $117,000, Glassnode Says From the chart, it’s visible that the trend was different during the rally beyond $100,000 that occurred late last year. Back then, the SSR Oscillator took on a highly positive value, suggesting the stablecoin supply was low relative to BTC. The cryptocurrency is currently also trading around the same levels as then, yet the SSR is showing a different story. “Despite similar price levels, this shift suggests that investor purchasing power has improved markedly, reflecting stronger underlying demand conditions,” notes the report. BTC Price At the time of writing, Bitcoin is trading around $109,500, up over 2% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Amid the tension in the Iran-Israel conflict, the cryptocurrency market experienced another daily pullback. Bitcoin (BTC), which had just recovered from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the $103,000 mark in the past 24 hours. However, some analysts believe that the flagship crypto is preparing for a big move in the coming weeks. Related Reading: Ethereum Eyes Big Move As Price Compresses Between Key Levels – $2,100 Or $4,000 Next? Bitcoin Could See Massive Move Soon On Monday, Bitcoin attempted to break its post-November range high but failed to hold the $108,000-$109,000 area as support for the fourth time in a month, falling back into its larger range. Market watcher Daan Crypto Trades noted that this resistance level remains a key area to watch, adding that “without a clean break above, it’s not the time to get excited just yet.” Nonetheless, the trader considers that the BTC is “setting up for a large move” as the cryptocurrency continues to hold its monthly range between $100,000 and $110,000. He asserted that this range will break “at some point in June,” as well as the current weekly high and low, which have “a very low probability of being held” in the coming days. Daan added that a break from these levels is highly possible in the next 1-2 weeks, likely leading to a big move in the direction of the break. Analyst Sjuul from AltCryptoGems highlighted the crypto market’s performance and investors’ concerns amid the war-related headlines, noting that Bitcoin reacted in a similar pattern during past geopolitical and crypto-related events. According to the analyst, global events’ uncertainty has led to mass liquidation and on-chain panic multiple times since 2020, leading to 30%-50% crashes. However, the market has recovered from these events after significant accumulation. Here’s the pattern: Big event (Black Swan). Panic headlines. Sharp BTC dump. Retail Panic sells. Smart money buys. Time passes. Bitcoin hits new highs. Based on this, Sjuul forecasted a strong Bitcoin pump and a new all-time high (ATH) once the current war tensions are over. BTC Holds Key Support Amid Pullback Meanwhile, analyst Rekt Capital emphasized that Bitcoin has been retesting its old range high as support for the past six weeks and showing stability around the $104,400 level during this period. According to the analyst, as long as BTC’s price Weekly Closes above this level, the candle wicks below it are “just noise” and it is positioned to transition into its Second Price Discovery Uptrend. He also pointed out that the cryptocurrency has only seen a less than 10% dip during the recent pullbacks. Moreover, these drop depths have also been diminishing, with the first rejection producing a 7.72% drop and the second dip being 5.79% deep, while the current rejection has seen a 4.5% retrace so far. Rekt Capital considers the strongest support to be between the $102,000-$104,000 area, and the final level to break is the range high resistance of $108,890. Related Reading: XRP Must Complete Right Shoulder Before Takeoff—But How Low First? “As long as this resistance isn’t rejecting price too much, then maybe it’s getting weaker over time,” he affirmed, concluding that a weekly close above this level would be “a very strong sign for a reclaim of this resistance into new support to springboard price higher.” As of this writing, Bitcoin is trading at $105,085, a 1.1% jump in the past hour. Featured Image from Unsplash.com, Chart from TradingView.com
On-chain data shows the exchanges recently received a large amount of Bitcoin inflows, but so far, the asset’s price has only been going up. Bitcoin Has Seen A Spike In Exchange Inflows Recently In a new post on X, the institutional DeFi solutions provider Sentora (formerly IntoTheBlock) has talked about the latest trend in the Exchange Netflow for Bitcoin. The Exchange Netflow is an on-chain indicator that keeps track of the net amount of the asset that’s moving into or out of the wallets associated with all centralized exchanges. When the value of this metric is positive, it means the exchange inflows outweigh the exchange outflows. As one of the main reasons why investors would deposit their coins to these platforms is for selling-related purposes, this kind of trend can have a bearish impact on the asset’s price. Related Reading: Bitcoin & Ethereum Diverge—ETF Flows Just Flipped The Narrative On the other hand, the indicator being under the zero mark suggests the holders are taking out a net number of tokens from exchanges. Such a trend can be a sign that the investors are accumulating, which can naturally prove to be bullish for the cryptocurrency. Now, here is a chart that shows the trend in the Bitcoin Exchange Netflow since the start of the month: As displayed in the above graph, the Bitcoin Exchange Netflow has recently mostly been contained in the negative territory, but the latest value (yesterday’s) has been positive. In total, the investors have deposited a net $262.75 million of the asset to the exchange-connected wallets with this inflow spike. According to the analytics firm, this marks the first day of significant deposits since May 27th. As mentioned before, exchange inflows are something that can turn out to be bearish for the coin’s value. So far, however, the opposite has happened for Bitcoin, as its price has soared instead. This could indicate that even if there are some large holders looking to sell with these deposits, enough demand has surfaced at the same time that BTC has not only been able to ride out this wave of potential selling pressure, but actually add to its recovery. Related Reading: Crypto Suffers $1 Billion Flush As Musk-Trump Feud Shakes Bitcoin According to the analytics firm Glassnode, short liquidations have registered a notable uptick alongside this surge in the cryptocurrency. “Over just 4 hours, total short liquidations spiked from $105K to $359K (24H SMA),” notes Glassnode. Generally, large liquidations end up providing fuel to the price move that caused them, so in this case, it’s possible the short squeeze may have provided support to the Bitcoin rally. BTC Price At the time of writing, Bitcoin is floating around $107,900, up over 3% in the last seven days. Featured image from Dall-E, Glassnode.com, IntoTheBlock.com, chart from TradingView.com
Data shows the Bitcoin derivatives trading volume has been higher than the spot one during BTC’s latest recovery rally beyond $100,000. Bitcoin Trading Volume Ratio Has Declined Under The 1.0 Mark Recently In a new post on X, CryptoQuant author Axel Adler Jr has talked about the trend in the Trading Volume Ratio for Bitcoin. The “Trading Volume Ratio” is an indicator that keeps track of the ratio between the amount of the asset becoming involved in trading on spot exchanges and that on derivatives ones. When the value of this metric is greater than 1, it means the spot platforms are witnessing a higher amount of trading volume than the derivatives ones. On the other hand, it being under the threshold suggests the dominance of derivatives trading activity among the investors. Related Reading: Bitcoin Resistance Limited Beyond $100,000, On-Chain Data Suggests Now, here is the chart shared by the analyst that shows the trend in the Bitcoin Trading Volume Ratio over the last couple of years: As displayed in the above graph, the Bitcoin Trading Volume Ratio has been sitting under the 1 mark recently, suggesting volume on the derivatives platforms has been outpacing that on the spot ones. This has maintained while the cryptocurrency has gone through its latest leg of the recovery rally, which has taken its price back above the $100,000 level. From the chart, it’s visible that the trend was different during last month’s rally. This previous leg of the run was accompanied by a spike in the Trading Volume Ratio above the 1 level, an indication that spot trades were potentially the main fuel behind it. Historically, sustainable price rallies have generally been of this kind; runs that are borne out of high speculative activity on the derivatives market tend to be unstable. Given that the derivatives market has dominated in this rally so far, it’s possible that it could have trouble lasting. Though, it only remains to be seen how things would develop for Bitcoin. In some other news, Ethereum is extremely undervalued compared to Bitcoin, as the on-chain analytics firm CryptoQuant has revealed in an X post. The indicator shared by the analytics firm is the ratio between the Ethereum and Bitcoin Market Value to Realized Value (MVRV) Ratios. The MVRV Ratio is a popular on-chain metric that basically keeps track of the profit-loss situation of the investors as a whole. Related Reading: Only XRP Still In Profit Among Euphoric Buyers—BTC and SOL Deep In Losses As is visible in the chart, the MVRV Ratio of ETH is very low compared to the one for BTC right now. “Historically, this led to Ethereum outperforming,” notes CryptoQuant. “However, supply pressure, weak demand, and flat activity could stall a rebound.” BTC Price Following a surge of nearly 3% in the last 24 hours, Bitcoin has managed to break above the $101,000 level. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Data shows the Bitcoin Fear & Greed Index is close to the neutral territory again, a sign that market sentiment has seen a cooldown. Bitcoin Fear & Greed Index Is Now Close To Edge Of Greed Territory The “Fear & Greed Index” is an indicator created by Alternative that tells us about the sentiment held by the average trader in the Bitcoin and wider cryptocurrency markets. Related Reading: Old Bitcoin Whales Resurface With $760M Move—Brace For Impact? The index determines the market mentality using the data of five factors: trading volume, market cap dominance, social media sentiment, volatility, and Google Trends. To determine this sentiment, the metric makes use of a numeric scale running from zero to hundred. All values below the 47 mark correspond to a fearful market, while those above 53 imply greed among the investors. The index being between these cutoffs naturally suggests a net neutral mentality. Besides these three main sentiments, there are also two special ones called the extreme fear and extreme greed. The former occurs under 25 and the latter above 75. Now, here is how the Bitcoin Fear & Greed Index currently looks: As is visible above, the Bitcoin Fear & Greed Index has a value of 56 at the moment, which means the investors as a whole share a sentiment of greed. The level of greed is only slight, however, as the metric is just three units above the neutral zone. This wasn’t the case just a week ago, when the indicator hit the 72 mark, signifying the crowd was very close to becoming extremely greedy. The uplift in sentiment earlier was a result of the asset’s recovery rally, but with the price surge stalling recently, it seems the investor optimism has waned. Below is a chart that shows how the indicator’s value has developed recently. The trend in the BTC Fear & Greed Index over the past twelve months | Source: Alternative If Bitcoin’s sideways action continues in the coming days, it’s possible that sentiment would decline into the neutral zone next. This development may not actually be so bad for the cryptocurrency. Historically, BTC and other digital assets have tended to move in a direction that’s opposite to the crowd’s expectations. The probability of such a contrary move occurring usually grows the more sure the investors become of something. This likelihood is naturally the strongest in the extreme zones, so these regions are where tops and bottoms generally occur for the market. Related Reading: Is Bitcoin Demand Returning? Active Address Trend May Suggest So While BTC is in neither extreme territory right now, the fact that investor sentiment has calmed down to nearly the neutral zone may at least make sure that greed wouldn’t become the end of the price rally. It only remains to be seen how things play out for Bitcoin now. BTC Price At the time of writing, Bitcoin is floating around $93,800, down over 1% in the last 24 hours. Featured image from Dall-E, Alternative.me, chart from TradingView.com
On-chain data shows a few Bitcoin indicators are following a trajectory that could potentially explain the reason why the latest rally has taken a pause. Bitcoin On-Chain Metrics Have Seen Bearish Developments Recently In a new post on X, an analyst has talked about how a few on-chain indicators related to Bitcoin have changed recently. The first metric of relevance is the “Exchange Reserve,” which measures the total amount of BTC that’s sitting in the wallets associated with centralized exchanges. Related Reading: Ethereum Whales Sell, But Bitcoin’s Key Investors Are Buying Below is the chart shared by the quant showing the trend in this indicator: As is visible in the graph, the Bitcoin Exchange Reserve plunged alongside the recent price rally, suggesting the investors withdrew a large number of tokens from exchanges. Generally, large withdrawals can be a sign that the holders are accumulating, so it could have been this buying activity that helped provide the fuel for the price rally. From the chart, it’s apparent that in the last few days, the decline has ended and the indicator has taken to sideways movement. It may be no coincidence that the asset’s surge, too, has taken a pause alongside this trend. For now, outflows are still balancing out inflows, but the indicator can be kept an eye on, as a reversal to net deposits could prove to be bearish for the cryptocurrency. Another obstacle to the rally could be the fact that the investors have been participating in profit-taking recently. The metric that shows this trend is the Net Realized Profit and Loss (NRPL), which keeps track of the net amount of profit or loss that Bitcoin investors as a whole are realizing through their transactions. Just earlier, the NRPL observed a large negative spike corresponding to a realized loss of $2 billion, but with the rally, its value has seen a sharp reversal into the positive territory. At the peak of this profit-taking spree, the metric managed to achieve a value of around $3 billion. Another metric, the Spent Output Profit Ratio (SOPR), also confirms the dominance of profit-taking. The SOPR, much like NRPL, deals with profit/loss realization. The difference lies in that the NRPL shows the net situation, while the SOPR calculates the ratio between profit and loss. Related Reading: Bitcoin Holders Realizing $139 Million In Profit Per Hour This Rally, Report Says As for which investors have been participating in the profit-taking, it would appear whale-sized entities (investors with more than 1,000 BTC) have been making some large moves. These humongous investors tend to carry some influence in the market, so their transfers are generally to look out for. BTC Price At the time of writing, Bitcoin is floating around $95,000, up around 10% in the last week. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
The on-chain analytics firm Glassnode has revealed how the large Bitcoin investors have been buying during this price rally so far. Accumulation Trend Score Suggests Strong Buying From Mega Whales In a new post on X, Glassnode has discussed about how the Accumulation Trend Score has changed for the different Bitcoin investor cohorts recently. The “Accumulation Trend Score” refers to an on-chain indicator that basically tells us about whether the BTC holders are buying or selling. The metric calculates its value by not only making use of the balance changes happening in the wallets of the investors, but also the size of the wallets themselves. This means that large addresses have a higher weightage in the indicator’s value. Related Reading: Bitcoin Short-Term Holders Back In Green As Price Breaks $94,000 When the Accumulation Trend Score is greater than 0.5, it suggests that the large investors (or a large number of small holders) are participating in accumulation. The closer the metric is to 1.0, the stronger is this behavior. On the other hand, the indicator being under 0.5 implies the investors are distributing or simply not doing any buying. On this side of the scale, the zero mark acts as the point of extreme. In the context of the current topic, the combined Accumulation Trend Score of the entire Bitcoin market isn’t of interest, but rather the separate scores for the different investor cohorts. There are two main ways to divide holder groups: holding time and balance size. Here, the cohorts are based on the latter categorization. Below is the chart shared by the analytics firm that shows the trend in the Accumulation Trend Score for these groups over the past year. As displayed in the above graph, the Bitcoin market as a whole has been in a state of distribution during the last few months, but one cohort started to pull away from the rest last month: the 10,000+ BTC holders. The investors holding between 1,000 and 10,000 BTC are popularly known as the whales, so these investors, who are even more humongous, could be termed as the mega whales. From the chart, it’s visible that the rest of the market continued to sell into this month, but the mega whales, who were already dropping off their distribution, pivoted to buying instead. They have since only strengthened their behavior, with the metric now even reaching a near-perfect score of 0.9. The whales have also turned things around very recently, as the score has hit 0.7 for them. Thus, it would appear that the big-money investors as a whole have been accumulating Bitcoin during the latest recovery rally. Related Reading: Bitcoin Spot Volume Nearly Triples As BTC Breaks $91,000 Among the rest of the market, the sharks (100 to 1,000 BTC) are the closest at catching up to the whales, with their Accumulation Trend Score sitting at 0.5. The investors on the smaller end are still continuing to distribute. The current pattern is sort of similar to what was witnessed back in December 2024, where the Bitcoin mega whales started participating in strong distribution ahead of the rest. Bitcoin Price Bitcoin crossed above the $94,000 level earlier, but it seems the coin has seen a pullback since then as its price is back at $92,600. Featured image from Dall-E, Glassnode.com, chart from TradingView.com
Data shows the cryptocurrency market has witnessed massive liquidations during the past day following the recovery Bitcoin and the altcoins have made. Bitcoin & Altcoins Have Jumped Back Following Trump’s Announcement Bitcoin and the rest of the cryptocurrency sector ended February on a very bearish note, as the market went through a deep drawdown that took BTC to as low as $78,000. In a flash, however, the digital assets have seen their fates flip during the past day. Related Reading: Solana Now Retesting Realized Price: Will Shift To Bear Market Happen? The impetus behind the recovery move has been Donald Trump’s announcement of a Crypto Strategic Reserve that includes Bitcoin, Ethereum (ETH), XRP (XRP), Solana (SOL), and Cardano (ADA). The announcement came through the president’s official Truth Social handle. In the initial post, Trump only mentioned the altcoins XRP, SOL, and ADA, but in a follow-up post, he also confirmed BTC and ETH, saying they will be “the heart of the Reserve.” Since the US elections, the Crypto Reserve has been something much-anticipated in cryptocurrency circles, so it’s not surprising that the news has been able to have a drastic effect on trader mood. From the graph, it’s visible that Bitcoin approached the $95,000 level during the surge, but its price has since witnessed a small pullback to $92,800. Ethereum has displayed a similar pattern, although its retrace from $2,550 to $2,360 has been notably larger than BTC’s. Overall, the top two cryptocurrencies are up 8% and 6% during the last 24 hours, respectively. Interestingly, XRP, SOL, and ADA, the three coins initially announced, have shown much stronger rallies of 17%, 13%, and 48%, respectively. The bullish momentum hasn’t been restricted to just these five included in the Reserve, as coins across the space have observed some degree of rise. A consequence of all this volatility has been that liquidations have piled up on derivatives platforms. Crypto Derivatives Market Has Just Seen $971 Million In Liquidations According to data from CoinGlass, a total of $971 million in cryptocurrency derivatives contracts have found liquidation in the past day. “Liquidation” here refers to the forceful closure any open contract undergoes after it has amassed losses of a certain degree. Below is a table that breaks down the relevant numbers related to the latest mass liquidation event. As is visible above, around $558 million of these liquidations involved the short investors, representing over 57% of the total. These traders making up for the majority of the event is naturally expected, as the market has gone up inside this window. Though, despite the bullish action, around $412 million in long holders still got liquidated as a result of the pullback. Related Reading: Bitcoin Whales Buying The Dip: $1.28 Billion Added Below $90,000 In terms of the individual symbols, Bitcoin and Ethereum have predictably come out on top with $353 million and $182 million in liquidations, respectively. Featured image from Dall-E, CoinGlass.com, chart from TradingView.com
On-chain data shows the presence of a massive Bitcoin supply wall around the $97,200 level, something that could impede BTC’s advances beyond the mark. Bitcoin Has Significant Resistance At Price Levels Just Ahead In a new post on X, the market intelligence platform IntoTheBlock has discussed how BTC support and resistance levels are looking from an on-chain perspective right now. In on-chain analysis, the potential of any price level to act as support or resistance lies in the amount of supply that was last transferred or purchased at it. Below is the chart shared by the analytics firm, that shows the supply distribution of the cryptocurrency at price levels near the current spot Bitcoin value. In the graph, the size of the dot correlates to the amount of BTC that the investors bought in the corresponding price range. It would appear that the $96,400 to $98,400 range currently has a particularly large dot associated with it, which implies these levels host the cost basis of a significant number of holders. More specifically, around 1.6 million addresses last acquired a total of 1.57 million BTC inside the range. Since Bitcoin is trading under these levels at the moment, all of these investors would be underwater. Related Reading: Dogecoin Mania No More: Memecoin Interest Plunging On Social Media Holders in loss can be desperate to recoup their investment, so selling from them can sometimes occur as soon as the price of the cryptocurrency rises back to its cost basis. Naturally, such selling is of no relevance to the asset when just a few investors participate in it, but when the price is retesting a range holding the acquisition level of a significant number of addresses, a reaction large enough may be produced to influence the asset’s value. The $96,400 to $98,400 range is clearly quite large, so it’s possible that it could be the reason why Bitcoin has been unable to find any bullish breaks during the past week. Just like how supply blocks above the spot price can end up acting as a source of resistance for the asset, those below can be a point of support. This happens because investors who were once in profit may believe that the price would go up again in the near future so they could decide to double down on their bet, taking advantage of the ‘dip’. Currently, $93,400 to $96,200 is the strongest support wall that BTC has out of the nearby ranges. However, it contains a lower amount of supply than the aforementioned resistance block, meaning that its effect should be weaker. Related Reading: Bitcoin Funding Rate Turns Neutral On Top Exchanges: What Happened Last Time If the support range is lost, there are only thin walls waiting for Bitcoin up to $81,800. It now remains to be seen whether Bitcoin can surpass the resistance, or if it would find itself retesting one of these weaker support levels. BTC Price At the time of writing, Bitcoin is floating around $96,000, down around 2% in the last 24 hours. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com
“Higher-than-expected inflation could trigger equity market volatility, potentially dragging Bitcoin lower,” Bitfinex’ head of derivatives told Cointelegraph.
Rising concerns about Federal Reserve monetary policy and rising bond rates are having a negative impact on Bitcoin’s price.
The incoming Trump administration’s crypto regulations and the US Federal Reserve’s monetary policy path remain the biggest factors influencing Bitcoin’s price trajectory.
Bitcoin’s daily volume remains 91% lower than the $743 million on Dec. 5, when BTC first surpassed the $100,000 milestone.
As the year ends, a renowned analyst suggested that Bitcoin (BTC) could have a New Year rebound after the flagship crypto surged by 4.2% to retest a key level. Related Reading: Altcoins To Explode In Early 2025: Analyst Says “Grand Finale” Is Around The Corner Bitcoin Sees End-On-Year Slowdown Bitcoin has struggled to hold the mid-zone of its one-month price range as the crypto market experiences an end-of-year slowdown. In December, BTC surpassed the $100,000 barrier for the first time, reaching a new all-time high of $108,353 mid-month. Over the last 30 days, the flagship crypto has moved between $90,000 and $108,000, hovering between $96,000 and $102,000 for most of the month. Nonetheless, Bitcoin has registered a 10.5% decline since hitting its ATH, failing to hold the $98,000 level over the last two weeks. The largest cryptocurrency by market capitalization saw a brief recovery on December 25 but quickly lost its Christmas rally gains. Since then, BTC’s price recorded its deepest retrace since the start of December. Bitcoin fell below the crucial $92,000 support zone on Monday, dipping to $91,530 before recovering, raising concern about BTC’s monthly close. However, New Year’s Eve started with a 4.2% surge throughout the morning, fueling end-of-year optimism about a price rebound. The cryptocurrency’s price moved from $92,000 to $96,000 before retracing to the $95,000 support zone. As the BTC’s price climbed, crypto analyst Ali Martinez noted that the TD Sequential showed a buy signal on the 12-hour chart, potentially signaling a New Year’s Day price bounce. ‘All Is Well’ For BTC’s Rally Martinez suggested that “a sustained close above $94,700 could lead to a rebound to $97,500.” As the analyst previously pointed out, this level is one of BTC’s most significant support zones, and reclaiming it is key for the cryptocurrency’s short-term rally. On the contrary, “losing $92,500 as support will invalidate the bullish signal,” Martinez added. Losing this level could also send BTC to the $70,000 level based on the UTXO Realized Price Distribution (URPD) chart. The analyst has stated that a 25% crash to the $70,000 mark is possible, as the URPD chart shows minimal support below the key support wall. Related Reading: Ethereum’s Large Consolidation Trend Points To Possible Price Explosion To $8,000 Meanwhile, James Van Straten noted that “all is well” despite BTC’s current price action. The analyst highlighted that “this cycle as with the previous three cycles for BTC, all saw corrections at this point after the halving,” adding that the “corrections are starting later and finishing later. Maybe, to do with elongated cycles.” As of this writing, Bitcoin is trading at $94,949, a 1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin analysts predict a rally to $120,000 during the first month of 2025, with nearly $45 billion worth of stablecoin reserves awaiting deployment on Binance.
Bitcoin remained resilient despite the options expiry, peaking above $97,330 one hour after the year’s last options expiry event.
Metrics like the number of confirmed payments can be used to gauge investor activity on the Bitcoin network.
Bitcoin delighted investors with a Christmas Eve surge, climbing from $92,300 to an intraday high of $99,400. The swift rally has reignited bullish sentiment as the price successfully held a critical demand level, signaling strength and positioning BTC to challenge the psychological $100,000 milestone. Market participants are now closely watching Bitcoin’s next move, anticipating continued momentum in the coming days. Related Reading: XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally Top analyst Carl Runefelt shared a compelling technical analysis on X, highlighting Bitcoin’s formation of a symmetrical triangle on the hourly timeframe. This pattern often indicates a period of consolidation before a significant breakout, and Runefelt believes BTC is on the verge of such a move. A confirmed break above this triangle could propel Bitcoin into price discovery, unlocking further gains and marking a pivotal moment in its current market cycle. With strong demand levels providing support and technical patterns aligning for a potential breakout, Bitcoin’s path to $100,000 appears clearer than ever. However, traders remain cautious as volatility could still play a role in the short term. All eyes are on the leading cryptocurrency as it enters a critical phase, with investors eagerly awaiting confirmation of a new leg in its historic bull run. Bitcoin Looks Ready To Rally Again Bitcoin appears primed for another rally into price discovery, maintaining a bullish structure after holding critical demand levels. This resilience underscores the market’s confidence in BTC’s ability to reclaim the $100,000 mark and push higher, with both analysts and investors closely monitoring its price action for confirmation. Top analyst Carl Runefelt recently shared an insightful technical analysis on X, highlighting a symmetrical triangle pattern on Bitcoin’s hourly chart. Symmetrical triangles often indicate a period of consolidation before a breakout, and Runefelt suggests that BTC is poised to break upward. He further identified $100,700 as a key level; surpassing it would signal strong bullish momentum, potentially driving Bitcoin to new all-time highs. Conversely, he cautioned that a drop to $95,200 would signal weakness, indicating a bearish turn in the short term. Runefelt’s analysis aligns with market sentiment, as many traders view Bitcoin’s current consolidation as a precursor to significant upward movement. If BTC confirms a breakout above the triangle, it could trigger a surge of buying activity, driving the price into uncharted territory. However, a failure to sustain momentum above critical levels may lead to heightened volatility, challenging Bitcoin’s bullish outlook. Related Reading: If History Repeats Dogecoin Has Potential For A Parabolic Rally – Details For now, the leading cryptocurrency holds steady, with all eyes on the pivotal $100,700 mark. If Bitcoin successfully breaks this resistance, it could ignite the next phase of its bull run, reaffirming its position as the dominant force in the crypto market. Price Action: Key Levels To Watch Bitcoin is currently trading at $98,400, marking a notable 7% surge from its recent local lows of $92,000. This recovery highlights renewed bullish momentum, with the price reclaiming the critical 4-hour 200 EMA, a key indicator of short-term strength. BTC now faces a significant hurdle as it attempts to push above the 4-hour 200 MA, which sits at $98,470. Reclaiming the 200 MA would confirm Bitcoin’s bullish trajectory, potentially igniting aggressive buying activity to propel the price above the psychological $100,000 mark. Breaking this level would not only reinforce market confidence but could also trigger further upside momentum, pushing BTC into new all-time highs. Related Reading: Solana Holds Weekly Support At $180 – Analyst Expects $330 Mid-Term On the flip side, failure to reclaim the 200 MA could result in Bitcoin consolidating below $100,000. This would likely lead to a period of sideways price action, with traders awaiting fresh catalysts to determine the next move. Featured image from Dall-E, chart from TradingView
Bitcoin struggles below $100,000 amid holiday illiquidity, but analysts predict a rally above $105,000 post-Christmas, citing macro trends.
Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin’s rally could resume at any moment. Market sentiment appears cautious but hopeful, with many eyeing key […]
Data shows the Bitcoin Coinbase Premium Index has plunged into the negative territory alongside the latest asset price downturn. Bitcoin Coinbase Premium Index Is Currently In The Red Zone As explained by an analyst in a CryptoQuant Quicktake post, the Coinbase Premium Index has seen a decline recently. The “Coinbase Premium Index” refers to an […]
An interest rate cut by the Federal Reserve could help Bitcoin finish the year at “record-breaking levels,” according to Bitfinex’s head of derivatives.
Bitcoin’s historic $100,000 milestone comes despite sluggish momentum in oil, gold and the S&P 500 index.
Based on its correlation with the liquidity index, Bitcoin may reach a local peak of above $110,000 by January.