After another strong play for its all-time high in the past week, the price of Bitcoin has struggled to build on its recent bullish momentum. Over the last few days, the premier cryptocurrency has been specifically slow and lethargic. On Friday, June 20, the Bitcoin price took a severe hit — together with the rest of the crypto market — and fell briefly beneath the $103,000 mark. However, the latest market data suggests that the price of BTC might enjoy some stability after the recent round of long liquidations. BTC Gearing For A Run Of ‘Healthier Price Action’: Analyst In a Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha explained the dynamics between the Bitcoin price and its recent long liquidation event. According to the online pundit, the market leader could be preparing for more stable price action over the next few weeks. Related Reading: Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say ‘Watch This Level’ Taha revealed that the critical $103,000 liquidation cluster, which held a large volume of overleveraged long positions on Binance, has been cleared off. This cascade of long liquidations came after the price of Bitcoin plunged toward the $102,500 level on Friday evening. According to data from CryptoQuant, the price decline caused the long liquidations on Binance, the world’s largest exchange by trading volume, to exceed $160 million. The on-chain analyst noted that this long liquidation event also coincided with a major change in the Bitcoin Net Taker Volume on the cryptocurrency exchange. Taha highlighted that the Net Taker Volume has moved deep into the negative territory, falling to nearly -$100 million in the past day. As observed in the chart below, this latest plunge marks the third time the Net taker Volume has fallen to this level in the month of June. According to Taha, the change in this metric suggests that aggressive selling outweighed buying activity during the liquidation event. The on-chain analyst outlines two possible reasons for this trend, including that long positions were forced to close, pushing sell orders into the market as the Bitcoin price fell below $103,000. Taha added that some sections of Bitcoin retail traders might have pushed the panic button and filled new sell orders in fear of further losses. In the end, the crypto analyst concluded that the combination of long liquidations and extremely negative Net Taker Volume might not be completely bad for the flagship cryptocurrency. Taha said: While such events often feel devastating in the moment, they lay the groundwork for healthier price action. Given these dynamics, the path of least resistance may now shift upward as Bitcoin stabilizes above key support levels with reduced leverage overhead. Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $103,450, reflecting an over 1% decline in the past 24 hours. Related Reading: Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say ‘Watch This Level’ Featured image from iStock, chart from TradingView
Bitcoin has continued to show strength amid rising macroeconomic uncertainty, with surging U.S. bond yields and escalating global tensions keeping markets on edge. However, recent political drama has injected new volatility into the crypto space. The world’s leading cryptocurrency experienced a sharp 5% pullback after a highly publicized clash between Elon Musk and US President Donald Trump unfolded on the social platform X. The dispute, centered around the “Big Beautiful Bill” criticized by Musk, quickly triggered reactions across financial markets. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 According to top analyst Darkfost, last night marked the most significant shift in trader behavior on Binance so far in 2025. As the political spat gained attention, traders responded rapidly, viewing the event as a risk-off signal. The fallout was immediate in the derivatives market, where Binance’s net taker volume plunged from $20 million to -$135 million in under eight hours. This dramatic shift marks the largest net taker volume decline of the year, highlighting just how sensitive crypto traders remain to political developments. While Bitcoin holds key levels for now, market participants are watching closely to see if this pullback will deepen or become a launchpad for the next move higher. Bitcoin Rebounds From $100K Support But Faces Resistance Ahead Bitcoin is once again at a pivotal point after rebounding from the $100,000 support level and climbing to the $103,000 range, showing resilience despite recent volatility. The move signals strength among bulls, but the broader market remains cautious as all eyes turn to the $112,000 all-time high. A breakout above that level could ignite a new leg up, but failure to maintain momentum may lead to a deeper correction below current demand levels. Macroeconomic conditions continue to weigh on market sentiment, with rising US bond yields and escalating geopolitical tensions—particularly the public clash between Elon Musk and US President Donald Trump—injecting uncertainty into global risk assets. The reaction was clearly visible in the crypto derivatives market. Top analyst Darkfost reported that the net taker volume on Binance experienced a record shift, plunging from $20 million to -$135 million in under eight hours. This marks the largest decline in directional sentiment seen in 2025. The net taker volume reflects the imbalance between aggressive longs and shorts, and such a steep drop points to traders rapidly flipping bearish. This sharp reversal indicates fear-driven positioning. However, should Bitcoin rebound convincingly, it could trigger a cascade of short liquidations, potentially fueling a strong rally toward new highs. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? Price Action Details: Testing Key Level The 4-hour Bitcoin chart shows a strong rebound after briefly breaking below the $103,600 support level. BTC dipped as low as $101,159 before buyers stepped in aggressively, driving the price back to $103,826 at the time of writing. This bounce came precisely at the 200-period moving average (red line), signaling that bulls are still defending key demand zones despite recent volatility. The recovery candle printed with rising volume, suggesting renewed interest and a potential short-term trend reversal. However, Bitcoin still faces critical resistance ahead, with the 50, 100, and 200 EMAs (green, blue, purple lines) now acting as dynamic resistance between $104,600 and $107,000. A close above these levels would confirm strength and could open the door for a retest of the $109,300 resistance. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? For now, the price action indicates a high-stakes battle between bulls and bears. If BTC holds above $103,600 and builds momentum, the market could regain confidence and push higher. However, failure to reclaim the moving averages may signal exhaustion and expose the price to another retest of the $100K psychological level. Featured image from Dall-E, chart from TradingView
Data shows the Bitcoin Net Taker Volume has been highly positive on Binance recently, a sign that the bulls are putting up aggressive bets. Bitcoin Binance Net Taker Volume Is Currently At A Notable Positive Level As explained by CryptoQuant community analyst Maartunn in a new post on X, Bitcoin taker buyers have dominated the Binance platform during the last few days. The indicator of relevance here is the “Net Taker Volume,” which measures the difference between the taker buyer and taker seller volume on any given centralized exchange. When the indicator has a positive value, it means the taker buyers are outweighing the taker sellers on the platform. This kind of trend implies a bullish sentiment is shared by the majority of the users. Related Reading: Behind The Mantra (OM) Collapse: Glassnode Reveals The On-Chain Side Of Things On the other hand, the metric being under the zero mark suggests a bearish mentality is dominant on the exchange as the short volume is larger than the long volume. Now, below is the chart shared by the analyst that shows the trend in the 7-hour moving average (MA) Bitcoin Net Taker Volume for the largest exchange in the cryptocurrency sector: Binance. As displayed in the above graph, the Bitcoin Net Taker Volume has mostly remained inside the positive territory since April 11th. The metric’s green values haven’t been small, either, which suggests the futures users have been placing some aggressive bullish bets on the platform. The shift toward the positive sentiment on the exchange has come as BTC has been making recovery following the news of the 90-day pause on the tariffs for most countries. Historically, Bitcoin has tended to move in the direction that the crowd least expects, so this bullish mood may actually prove to be a bad sign for the recovery rally. It only remains to be seen, though, whether a top would now be hit or if the bet of these investors would pay off. In some other news, the 30-day of the Bitcoin Market Value to Realized Value (MVRV) Ratio has hit the lowest level in six months, as an analyst has pointed out in a CryptoQuant Quicktake post. The MVRV Ratio is an indicator that basically tells us about the profit-loss status of the Bitcoin investors. From the chart, it’s apparent that the 30-day value of this metric has plunged recently, suggesting holder profitability has declined. Related Reading: Cardano Could Drop To $0.54 If This Support Gives Out, Analyst Says The same level as now was also reached at a couple of points last year and BTC formed a bottom during both of those instances. As such, it’s possible that this trend could once again prove to be bullish for the cryptocurrency. BTC Price At the time of writing, Bitcoin is floating around $85,800, up more than 8% in the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin has shattered all-time highs six times in the past week, marking an explosive surge that’s captivated the crypto market. Rising over 32% in less than seven days, Bitcoin has now achieved a milestone by surpassing Silver’s market cap, solidifying its place as a dominant asset in the global financial landscape. Related Reading: Bitcoin Profitability […]
Bitcoin is set to close out a volatile week, marked by an attempt to break its all-time high (ATH) that ultimately ended in a retracement to lower demand levels. Despite this pullback, market sentiment remains largely positive. Key data from CryptoQuant reveals that the Net Taker Volume (SMA-24H) across all exchanges currently indicates a bullish […]