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Bitcoin has rallied more than 12% since last week’s sharp drop to the $80,000 low, offering the market a brief moment of relief after an intense period of capitulation. Despite this rebound, fear and uncertainty continue to dominate sentiment, especially following what analysts describe as the largest short-term holder capitulation in Bitcoin’s history. Related Reading: XRP Reserves On Binance Collapse To Record Lows: Investors Move Toward Long-Term Holding This wave of realized losses—fast, aggressive, and record-breaking—has left many investors questioning whether the recent recovery is sustainable or simply a temporary bounce in a broader downtrend. According to new data from Glassnode, the path ahead remains challenging. Analysts explain that Bitcoin must break above the major supply clusters created by top buyers earlier in the cycle if it is to regain meaningful upward momentum. These clusters represent areas where a large number of investors previously bought at higher prices and may now look to exit at breakeven, increasing the likelihood of heavy sell-side pressure as BTC climbs. Bitcoin Faces Critical Supply Barriers Glassnode reports that Bitcoin is now approaching two major supply clusters that will play a decisive role in determining whether the recent rebound can evolve into a sustained recovery. The first cluster sits between $93,000 and $96,000, while the second—much larger and more structurally important—spans $100,000 to $108,000. These zones were formed by heavy buying activity earlier in the cycle and represent areas where many investors are currently underwater or sitting near breakeven.   Because of this, Glassnode notes that these ranges typically act as strong resistance, as recent buyers who endured the latest drawdown may choose to sell once the price returns to their entry levels. This dynamic can create temporary supply walls, slowing down momentum even in moments of aggressive recovery. Bitcoin’s ability to break through these clusters will determine whether it can re-establish a path toward a new all-time high or remain trapped under heavy distribution pressure. The market is now entering a critical phase, with traders closely watching how BTC behaves as it approaches these levels. A clean breakout would signal renewed confidence, while rejection could signal that the broader corrective structure is not yet over. Related Reading: Bitcoin Coinbase Premium Still Negative: US Institutions Keep Selling Despite Easing Pressure Testing Support After a Sharp Multi-Week Selloff Bitcoin’s weekly chart shows a market attempting to stabilize after one of the most aggressive drawdowns of the cycle. BTC has rebounded to the $91,500 area following a deep wick to the $80K region last week, signaling that buyers are finally stepping in at key support. This rebound coincides with a strong weekly candle showing a long lower shadow, a classic sign of demand absorption during heavy selloffs. However, despite this bounce, the broader structure remains fragile. The price is trading below the 50-week moving average, a level that previously acted as reliable support throughout the bull phase. Losing this dynamic support earlier in the month was a significant technical break, and BTC is now attempting to reclaim it from below—typically a challenging move that often acts as resistance. Related Reading: Ethereum ICO Whale Sells 20,000 ETH ($58M), Raising Questions Over Market Timing The 100-week moving average around the mid-$80K region has proven critical, halting the decline and serving as the primary area where buyers defended the trend. As long as BTC holds above this zone, the broader market avoids confirming a deeper macro reversal. Volume remains elevated, reflecting capitulation-level activity, and the market is now in a decisive phase. A sustained close above $92K–$94K would strengthen recovery prospects, while rejection would risk another retest of the $80K support. Featured image from ChatGPT, chart from TradingView.com

While the crypto market bounces from last week’s correction, Bitcoin (BTC) is attempting to reclaim a crucial area as support to continue its recovery rally. As the flagship crypto faces some resistance, some market watchers have suggested that this week’s close may be key for its end-of-year performance. Related Reading: Solana Reclaims Crucial Resistance Despite First SOL ETF Outflows – 25% Rally Ahead? Bitcoin Faces Rejection Ahead Of November Close Bitcoin has retested a crucial resistance level for the first time in a week, hitting a one-week high of $93,092 on Friday morning before retracing. The flagship crypto has failed to hold crucial support levels throughout the November corrections, trading below $100,000 for nearly two weeks. A week ago, BTC plunged below $90,000 during the latest market correction, reaching a seven-month low of $80,600. However, the cryptocurrency led this week’s broader recovery, reclaiming key levels over the past few days. Amid its recent performance, some market observers have noted that Bitcoin is currently retesting a crucial re-accumulation region, between $82,000 and $93,000, where the price consolidated after previous pullbacks, including the Q1 market correction. Analyst Rekt Capital highlighted that BTC rebounded more than 7% from the local bottom and has revisited the range high resistance during Friday’s recovery. Now, Bitcoin is attempting to hold the high zone of its local range, retesting the $90,000-$91,000 area as support after being rejected from the key resistance. Previously, he pointed out that last week’s weekly close aligned with the flagship crypto’s monthly range, setting the stage for a potential floor around the $86,000 area, which would develop a new range between this level and the $93,000 resistance. To the analyst, Bitcoin must close the week, which also coincides with November’s monthly close, above $93,5000 and turn this level into support if it wants to further build on its newfound momentum and potentially revisit its two-month downtrend line, which currently sits near the $96,000 mark. “The ~$93500 level happens to be a Four-Year Cycle level. History suggests price should be able to find a way to 12-month close above ~$93500 to finish 2025 green,” Rekt Capital added on X. $98,000 Rally or $88,000 Drop Next? Market watcher Ted Pillows discussed BTC’s short-term future as it faces some resistance around the $92,000-$93,000 levels. To the analysts, reclaiming this area could propel the price towards the $98,000-$100,000 barrier in the coming weeks. On the contrary, he suggested that failing to reclaim this level will send Bitcoin’s price below the $88,000 mark. Earlier this week, Ted warned that this was one of the most important levels to reclaim and hold as support in the short term, as a rejection from this area could trigger a significant drop below the recent lows. Similarly, Daan Crypto Trades noted that the constant sell-off of the past few weeks has created “a ton of marginally lower highs, creating such a big liquidity pocket” between the $97,000-$98,000 zone. This region also aligns with key horizontal price levels in bigger timeframes, making it a “good area to watch,” as BTC continues to consolidate in a relatively tight range. Related Reading: Ethereum’s End-Of-Year Rally Still At Play? Analysts Eye 50% December Jump The trader considers that if BTC’s price breaks down, the $88,000 mark could be a good place for a higher low. However, if the price holds above the $91,800 level, it may trigger another retest of the $93,000 resistance. Ultimately, He warned that the market could likely see a “Choppy environment in the short-term surrounding Thanksgiving, which always sees pretty low volume & liquidity.” As of this writing, Bitcoin is trading at $90,500, a 1.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Despite the Federal Reserve (Fed)’s announcement of a 25-basis-point rate cut, Bitcoin (BTC) has dropped nearly 4% in the past 24 hours, losing its local range low for the first time in a week. Some analysts have warned that this week’s close is crucial for the flagship crypto’s short-term performance. Related Reading: Ethereum (ETH) Prepares For ‘Last Euphoric Run’ As Whales Go On $135M Buying Spree Bitcoin Price Eyes Crucial Weekly Close On Thursday, Bitcoin dropped below the recently reclaimed $110,000 area, hitting a one-week low of $106,700. Notably, the cryptocurrency has been trading within the $108,000-$120,000 price range since July, but has failed to reclaim the range highs after the early October correction. Amid this performance, Ted Pillows suggested that the market volatility was expected, as BTC has shown a similar price action since the start of Q3. The analyst explained that Bitcoin has dropped 6%-8% after the last three Federal Open Market Committee (FOMC) meetings, but it has also made a new all-time high (ATH) before the next one. According to the chart, BTC’s price reached its local bottom 5-9 days after the meeting, quickly recovering from the drop and rallying to new highs in the coming weeks. As price retests the $106,000 area, Ted predicted that a repeat of the same playbook could happen. However, he warned that Bitcoin must reclaim the $113,500 in the coming days to prevent a larger pullback. “A weekly close below that level will increase the likelihood of a bigger correction,” the analyst explained. Similarly, Rekt Capital pointed out that Bitcoin must close the week above the $114,500 to turn this level back into support. He noted that after the recent performance, a volatile retest of this level would be “perfectly fine” as long price closes above this crucial level at the end of the week. Confirming the Range Low of ~$114k as support would confirm re-entry into the Range, kickstart consolidation within the Range again, and enable a move across it towards the Range High of ~$119000 (red) in an effort to breakout from it and challenge $120k+ once again. Is BTC’s End-Of-Year Rally Still On? Michaël van de Poppe affirmed that $112,000 is the next key area to break before a new ATH, as it has been a crucial resistance level in the daily timeframe for the past few weeks. Per the post, a breakout from this area could set the base for a retest of the $119,000-$120,000 zone. On the contrary, a rejection from this level could send the price toward the $103,000 mark or lower, he warned. “I do think we’ll see a new ATH in November,” the market watcher added.” Meanwhile, Daan Crypto Trades highlighted that BTC is “just playing ping pong” between its key levels and will continue to move within its range until one of the boundaries is successfully broken. Related Reading: Bitwise CIO Predicts Solana Staking ETF Will Be ‘Huge’ As First Day Volume Hits $56M The trader added that November is one of Bitcoin’s best months based on historical performance, which could suggest that a price rally could be near. Notably, 8 out of 12 Novembers have closed in green, with a median return of 10.82%, according to CoinGlass data. Moreover, he noted that the last two months of the year are when the three previous bull runs topped and the past two bear markets bottomed. “Whether it’s on the bullish or bearish side, volatility and big market pivots have been the theme into the end of the year,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin is showing early signs of strength as it attempts to reclaim the $115,000 level. After weeks of mixed sentiment and heavy selling pressure, momentum appears to be turning slightly bullish. The recent weekly close above $114,500 has confirmed a reclaim of the Short-Term Holder (STH) Realized Price, a key on-chain threshold currently sitting near $113,000. This metric represents the average cost basis of recent market participants and often serves as a pivotal line separating bullish from bearish sentiment. Related Reading: Bitcoin Supply In Profit Rises To 83.6% – Market Momentum Building Again Top analyst Darkfost shared that this reclaim is an encouraging signal, reflecting renewed buyer confidence after a volatile October. However, he also cautioned that Bitcoin’s position must still be monitored closely. A rejection at current levels could lead to a renewed correction phase, mirroring the pattern seen in 2024, when BTC faced multiple failed attempts before regaining upward momentum. For now, the market sits at a delicate crossroads — consolidating below resistance while holding critical on-chain support. If Bitcoin can sustain this structure and push convincingly above $115K, analysts believe it could open the door for a broader bullish continuation and potentially a retest of the $120K region in the weeks ahead. Bitcoin Holds Above Key On-Chain Level According to top analyst Darkfost, Bitcoin’s reclaim of the Short-Term Holder (STH) Realized Price around $113,000 could mark a crucial turning point for market structure. He notes that during the 2024 correction, BTC faced four failed attempts to break above this same metric. Each rejection was driven by short-term holders selling at their break-even points — a typical psychological reaction that delays trend reversals. Once Bitcoin finally sustained above the STH Realized Price, however, the market quickly regained momentum and entered a new expansion phase. This time, the dynamic appears similar. If Bitcoin successfully consolidates above this zone, it could pave the way for a strong bullish impulse and potentially a new all-time high (ATH) in the short term. The STH Realized Price acts as a measure of conviction among recent investors; holding above it suggests growing confidence and a shift from capitulation to accumulation. Darkfost also highlights another critical observation: throughout the current bull cycle, Bitcoin has never fallen below the yearly STH Realized Price. Each time the price neared that level, a rebound followed — reaffirming it as a structural support for the broader trend. Still, caution remains essential. A breakdown below the $94,000 mark — the current yearly STH Realized Price — would likely signal a deeper market shift. Such a move could mark the transition from a mid-cycle correction into a more prolonged bearish phase. For now, the data suggests resilience, not weakness. As long as BTC remains above its short-term realized threshold, the broader uptrend remains intact — with potential for the next major rally if buying pressure continues to build above $115K. Related Reading: Digital Yen Goes Live: JPYC EX Integrates Traditional Finance With DeFi BTC Bulls Defend Key Support While Momentum Cools Bitcoin is currently trading around $114,360, consolidating after a brief rally that tested resistance near $115,800–$117,500. The chart shows that BTC successfully reclaimed the 200-period moving average (red line) on the 4-hour timeframe, a level that had acted as resistance throughout mid-October. This reclaim is an encouraging short-term signal, but momentum appears to be slowing as traders await the next catalyst. The $113,000–$114,000 range now serves as immediate support — aligning with the Short-Term Holder (STH) Realized Price, a key on-chain level that reflects the cost basis of recent buyers. Holding this zone could allow bulls to consolidate strength before another attempt at breaking above $117,500, the main horizontal resistance that capped previous rallies. Related Reading: Ethereum OG Drives $500M Liquidity Flow Into ConcreteXYZ & Stable Vaults – Details On the downside, failure to maintain above the 200-MA could trigger a retest of $111,000, where the 100-MA (green line) provides secondary support. Trading volume remains subdued, reflecting investor caution ahead of the Federal Reserve’s interest rate decision later this week. Bitcoin remains in a constructive phase as long as it holds above $113K. Sustained consolidation above this level would reinforce bullish structure — while a decisive break above $117,500 could open the path toward $120,000+ in the short term. Featured image from ChatGPT, chart from TradingView.com

Bitcoin (BTC) is showing renewed strength, reclaiming the $115,000 level after weeks of volatility and uncertainty. Bulls are attempting to build momentum for a potential impulse move higher, aiming to confirm a sustained bullish structure after the recent consolidation phase. Related Reading: Ethereum OG Drives $500M Liquidity Flow Into ConcreteXYZ & Stable Vaults – Details On-chain data continues to reveal a clear and repeating pattern tied to investor behavior and market cycles. Historically, when the percentage of Bitcoin supply in profit climbs above 95%, the market tends to enter an overheated phase, often leading to sharp corrections. These pullbacks serve as natural cooling periods, resetting sentiment and liquidity before the next major leg up. Interestingly, each correction cycle has shown consistent bottoming zones around the 75% threshold, where long-term holders reaccumulate and market confidence begins to rebuild. More specifically, data highlights profit supply lows of 73% in September 2024, 76% in April 2024, and a recent rebound from 81%, signaling a potential mid-cycle recovery phase. Bitcoin Supply in Profit Rises to 83.6% — Momentum Rebuilds Ahead of Key Threshold According to top analyst Darkfost, the percentage of Bitcoin supply in profit has started to climb again, currently standing at 83.6%. This steady rise indicates that a growing share of Bitcoin holders are once again sitting on unrealized gains — a trend that often reflects improving sentiment and renewed market confidence. Darkfost notes that this level can be interpreted as encouraging, suggesting that investors are willing to hold their BTC instead of realizing profits, anticipating further upside in the near term. Historically, such behavior has been characteristic of mid-cycle recovery phases, when fear starts to fade and accumulation resumes across both retail and institutional segments. This stage of the cycle is considered healthy for rebuilding momentum, as it allows the market to stabilize after large corrections. Holders who previously capitulated often reenter at this stage, while long-term participants strengthen their positions, creating a more resilient market structure. However, Darkfost cautions that once the supply in profit surpasses 95%, it typically signals overheated market conditions — a point where euphoria tends to replace rational conviction. In such phases, Bitcoin historically faces increased volatility and sharp corrections as overleveraged traders and short-term speculators take profits. Related Reading: Bitcoin Heat Macro Phase Signals Accumulation Before Next Growth Wave BTC Retests $115K Resistance: Bulls Regain Momentum Bitcoin (BTC) is showing renewed bullish momentum, trading around $115,443 and successfully reclaiming key short-term support levels after weeks of consolidation. The daily chart highlights a strong recovery structure, with BTC breaking above both the 50-day and 100-day moving averages, signaling a shift in short-term market sentiment. The next critical test lies at $117,500, a historical resistance zone that previously rejected multiple attempts in September and early October. A clear breakout and daily close above this level would likely confirm an impulse continuation toward $120K–$125K, opening the door for a more sustained uptrend. Related Reading: Chris Larsen Cashes Out: $764M In XRP Profits Since 2018 Momentum indicators suggest strengthening buying pressure, while the recent bounce from the 200-day moving average near $107K underscores the market’s resilience. This level acted as a springboard for the current rally, aligning with the broader pattern of accumulation seen on-chain, where investor profitability is rising steadily. However, BTC remains within a range-bound structure, and rejection at $117.5K could trigger short-term consolidation back toward $111K–$112K. Overall, Bitcoin’s technical outlook appears constructive — if the bulls can sustain above $115K and confirm strength above $117.5K, the market could transition into a new bullish leg, supported by improving investor sentiment and on-chain health. Featured image from ChatGPT, chart from TradingView.com

Bitcoin (BTC) is holding near $117,500, up about 6.1% over the past two weeks. However, recent data from Binance shows that BTC’s current price action is largely supported by retail investors, while whales have been noticeably absent. Bitcoin Holds $117,500 Amid High Retail Inflows According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin is hovering around the $117,500 price level, supported by active inflows from retail investors. Notably, large whale inflows have been completely absent, indicating that the current market is being driven by individuals more than by large wallets. Related Reading: Bitcoin Miners Shift Strategy: Accumulation Over Selling Signals Stronger Bull Cycle Inflows ranging from 0 to 0.001 BTC recorded approximately 97,000 BTC. Similarly, inflows from the 0.001 to 0.01 BTC segment totaled nearly 719,000 BTC. The distribution above suggests that Bitcoin’s current rally is largely driven by retail investors. These investors conduct numerous but small-volume transactions, confirming that individual investors are shaping the market dynamics. Arab Chain added: The figures reveal that the bulk of inflows are concentrated in small and medium-sized transactions, reflecting the dominance of retail activity in Bitcoin trading. This liquidity, despite its limited scale, has helped keep the market balanced at current levels. It is worth emphasizing that there has been almost no whale pressure during the current market rally. Specifically, no significant surges in inflows of more than 100 BTC were observed, mitigating the likelihood of a sharp short-term price correction. To conclude, the current market situation shows that Bitcoin is experiencing a state of equilibrium, largely due to heightened retail investor participation. Such a scenario gives the market an opportunity to steadily surge toward the important $120,000 resistance level. That said, it would be wise to keep an eye on any whale activity, as it could quickly alter the market’s direction. Any sudden entry of whale inflows could trigger a rapid price correction, similar to previous market tops. Experts Divided On BTC Price Action As Bitcoin trades about 5.4% below its all-time high (ATH), there are signs that the top cryptocurrency by market cap may be on the cusp of a fresh rally. For instance, BTC recently broke above the mid-term holder breakeven, reducing the likelihood of an immediate sell-off. Related Reading: Bitcoin Market Faces Supply Squeeze As Scarcity Index Turns Positive Again Recent positive developments – such as the US Federal Reserve (Fed) reducing interest rates by 25 basis points – could reinvigorate the crypto market. Against that backdrop, crypto entrepreneur Arthur Hayes recently reiterated his ambitious $1 million BTC prediction. That said, gold bug Peter Schiff opines that BTC has likely already peaked for this market cycle. At press time, BTC trades at $117,523, up 1.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin (BTC) is trading in a sideways consolidation phase after hitting its all-time high near $124,000, with volatility keeping investors cautious. The price has been fluctuating in a relatively tight range, showing resilience but also failing to establish a clear directional trend. For many traders, this period feels like the calm before a potential breakout, as the market sits at what analysts describe as a pivotal setting. Related Reading: Bitcoin Consolidates Above $115K As Market Eyes Fed’s Sept 17 Policy Move While short-term traders navigate intraday moves, long-term investors are focusing on structural signals that could define Bitcoin’s next phase. Top analyst Maartunn recently highlighted a significant on-chain dynamic: dormant whale coins are increasingly moving, and these transfers appear closely connected to recent price swings. Historically, such movements have often preceded stronger market reactions, either reinforcing bullish momentum or triggering corrective phases. This alignment between dormant whale activity and price volatility is fueling speculation that a decisive move may be imminent. With Bitcoin consolidating near critical levels, the coming days could set the tone for whether BTC attempts another push toward its highs or corrects further. Dormant Bitcoin Movements Align With Fed Decision According to onchain analyst Maartunn, a remarkable event just unfolded: 7,547 BTC aged between 3–5 years have moved onchain. This is no small occurrence, as coins of this age bracket are often considered firmly in the hands of long-term holders. Their sudden activity has historically acted as a precursor to major market moves. Maartunn emphasizes that investors should carefully note how this metric has consistently aligned with sharp price reactions in recent months. In his analysis, Maartunn presents data showing that every time this specific group of dormant coins becomes active, the Bitcoin market reacts with significant volatility. These swings can be bullish or bearish, but the common denominator is that they rarely go unnoticed. Essentially, when whales who have held coins for several years begin moving them, it signals strategic repositioning that tends to ripple across the broader market. This latest movement coincides with one of the most pivotal macroeconomic events of the year—the Federal Reserve’s interest rate decision, scheduled for this week. The Fed’s choice, whether to cut rates by 25bps or 50bps, will dictate investor sentiment across all risk assets. For Bitcoin, the timing of dormant whale activity could amplify the impact of this decision, potentially setting the stage for a massive price swing in the days ahead. With BTC consolidating around $115K, the convergence of long-term whale moves and macroeconomic uncertainty underscores the fragility of the current market structure. Traders and investors alike are bracing for what could be the beginning of Bitcoin’s next decisive trend, fueled by both on-chain signals and global monetary policy. Related Reading: Bitcoin Spot Trading Volumes Decline To $322B: Market Shifts To HODL Mode Technical Analysis: Testing Resistance Levels The 4-hour chart shows Bitcoin consolidating around $115,555, with the price holding above both the 50-day and 100-day moving averages, currently at $114,341 and $112,378, respectively. This setup indicates short-term bullish momentum, as BTC managed to defend higher lows after its September rebound. The next major resistance lies near $116,000, where sellers are actively defending. A breakout above this zone could open the path toward the key $123,217 resistance, last tested in mid-August. However, repeated failures to clear $116K increase the risk of short-term exhaustion, especially with uncertainty ahead of tomorrow’s Fed rate decision. Related Reading: Bitcoin Crawls Up On Weak Supply: 30D Momentum Reveals It Lacks Real Demand On the downside, support is established around the $114,000 region, which aligns with the 50-day SMA. Losing this level could push BTC back toward $112,000, where both the 100-day SMA and prior demand clusters converge. As long as BTC holds above $112K, the broader structure remains constructive. Featured image from Dall-E, chart from TradingView

Bitcoin is trading at a critical level after several days of tight consolidation between $115,000 and $110,000. The price action reflects a tense standoff, with bulls working to regain ground while mounting selling pressure keeps gains in check. Despite the cautious mood, momentum appears to be leaning bullish, as buyers continue to defend key support zones and prepare for the next decisive move. Related Reading: Ethereum Network Activity Heats Up As Fees Hit $1.4M In 24H Adding weight to this outlook, top analyst Maartunn shared new insights showing that dormant Bitcoin coins are beginning to move onchain. This activity suggests that long-term holders, who typically sit through volatility, are repositioning themselves, marking a significant shift in market dynamics. Importantly, these flows also align with the broader trend of capital rotation between Bitcoin and Ethereum, a pattern that has gained traction throughout this cycle. Such behavior is often seen at key inflection points, where profit-taking and reallocations set the stage for the next phase of the market. For Bitcoin, the movement of dormant supply could indicate growing conviction that liquidity will continue to fuel upside. As BTC hovers within this narrow range, the interplay between long-term holders and shifting capital flows may decide whether the breakout resolves higher. Bitcoin Supply Awakens: What It Means for the Market According to analyst Maartunn, a remarkable 604,549 BTC aged between three and five years have moved onchain since March 9, 2025. This is not just a minor adjustment—it represents one of the largest shifts in long-term holder behavior in recent memory. Dormant coins of this age bracket typically belong to holders who have sat through multiple cycles, signaling deep conviction in Bitcoin’s long-term value. When these coins move, the market pays close attention. The reasons behind this sudden activity are still debated. Some analysts argue this is clear profit-taking behavior. After holding for several years, these investors may see the recent rally toward $115,000 as an opportune moment to secure gains. Large holders, sometimes referred to as whales, are known to time exits strategically, often around cycle peaks or when volatility increases. Their activity could explain some of the selling pressure observed in recent weeks. Others, however, interpret these moves differently. Rather than a sign of weakness, they see it as capital rotation—a reallocation from Bitcoin into Ethereum and select altcoins. This aligns with the broader trend of diversification as institutions and high-net-worth investors explore opportunities outside BTC. With Ethereum’s strong fee generation and rising adoption across DeFi and layer-2 ecosystems, such shifts could represent strategic positioning for the next growth wave. Regardless of the motive, the data confirms that long-term holders are actively reshaping the market landscape. Whether this results in temporary selling pressure or sparks a new phase of capital distribution across the crypto sector, one thing is clear: Bitcoin’s dormant supply is no longer idle, and its reawakening marks a critical development for this cycle. Related Reading: Bitcoin Futures Pressure Score Hits 18%: Shorts Are Losing Momentum Price Consolidates Below Key Resistance Bitcoin is currently trading around $113,897, showing signs of recovery after bouncing from lows near $110,000 earlier this month. The daily chart highlights a constructive rebound, with BTC now testing key resistance levels. The 50-day SMA at $114,587 sits just above the current price, acting as the first major hurdle for bulls to clear. A decisive break above this level could open the door toward $116,000 and eventually retest the cycle high at $123,217, marked as the major resistance zone. On the downside, the 100-day SMA at $112,204 is providing short-term support, while the 200-day SMA at $102,077 remains a crucial long-term floor. As long as BTC holds above $112,000, the bias leans toward continuation higher, with buyers steadily regaining confidence. Related Reading: Bitcoin CDD Indicator Signals LTH Distribution As Demand Offsets Pressure The structure suggests that Bitcoin is building momentum for another push, though overhead resistance remains heavy. If bulls fail to reclaim the 50-day SMA convincingly, price could slip back into the $112,000–$110,000 range, keeping consolidation in play. Holding current levels and breaking above the short-term moving averages would strengthen the bullish case, while rejection could prolong the sideways chop before any larger breakout attempt. Featured image from Dall-E, chart from TradingView

Bitcoin is navigating a critical juncture after reaching a new all-time high of $124,500 last week before quickly retreating. The price is now searching for support, with volatility intensifying and traders debating whether this is the start of a deeper correction or simply a healthy consolidation phase before continuation. Some analysts remain optimistic, seeing this pullback as a natural reset in an overheated market, while others argue that momentum is fading as bearish signals emerge. Related Reading: Ethereum Treasury Boom Drives Demand: Can The Market Handle The Risks? Adding weight to the discussion, CryptoQuant analyst Axel Adler highlighted a key trend in retail participation. The share of retail transfers in the $0–$10K range within Bitcoin’s total USD turnover has been steadily declining throughout this cycle. From a peak of 2.7%, the share has now dropped to just 0.6%. Historically, such declines in retail participation have coincided with the later stages of bull cycles. This dynamic raises questions about whether the current phase marks a cooling of retail enthusiasm at a critical time for Bitcoin, as institutional and long-term holders dominate market structure. Bitcoin Retail Activity Declines as Market Cools According to CryptoQuant analyst Axel Adler, while the share of retail activity in Bitcoin’s network has dropped sharply, in absolute terms it still remains significant. Retail transfers in the $0–$10K range amount to over $400 million per day, but this represents only 0.6% of total USD turnover across the network. This shrinking share highlights a clear trend: while small investors are still active, their relative impact on overall market flows is diminishing. Adler notes that this cooling of retail demand was also observed in autumn 2021, at the peak of the previous cycle. At that time, the retail share fell to a historic low of just 0.19%, coinciding with overheated market conditions and marking the final stages of that bull cycle. The current decline in retail participation mirrors that pattern, suggesting that the market could be approaching a similar late-cycle environment. This dynamic is important because retail investors have traditionally been a strong driver of momentum during bull markets. With their reduced influence, institutional flows, long-term holders, and treasury strategies now play an even greater role in shaping market direction. The coming weeks will be critical as altcoins, led by Ethereum, show renewed strength. ETH is approaching its 2021 all-time high, and many analysts believe that its performance could dictate the broader crypto market’s next move. If retail demand continues to fade while institutional accumulation grows, Bitcoin may consolidate further, while capital rotation toward altcoins gains momentum. Related Reading: Ethereum Demand Holds Despite Pullback: New Whales Enter With $192M Buys Bulls Defend Key Demand Level The 8-hour chart shows Bitcoin (BTC) under pressure as it trades near $113,400, struggling to hold above its 200-day moving average (red line), currently aligned around $113,416. This level has become a critical support zone after BTC failed to sustain momentum above the $123,217 resistance, which has acted as a clear rejection point multiple times this cycle. Shorter-term moving averages highlight the bearish momentum. The 50-day SMA (blue) at $117,017 and the 100-day SMA (green) at $117,087 are both trending above the current price, creating overhead resistance. The breakdown below these averages confirms a weakening trend, with BTC struggling to regain lost ground. Price action also shows a sequence of lower highs and lower lows since the rejection at the $124K zone, reinforcing bearish short-term sentiment. Related Reading: Bitcoin Short-Term Holders Flip To Losses For First Time Since January For bulls, reclaiming the 100-day SMA near $117K would be key to reversing momentum and reattempting a push toward the $120K–$123K range. Failure to hold the 200-day SMA risks accelerating downside, potentially opening the path toward $110K, a major psychological level. Featured image from Dall-E, chart from TradingView

Bitcoin is trading around the $115,000 level after a sharp pullback from its recent all-time high near $124,000. Volatility has returned to the market, sparking renewed debate among analysts and investors over whether BTC is preparing for a deeper correction or gearing up for the next leg higher. The current price action reflects indecision, with buyers and sellers locked in a tight battle at these critical levels. Related Reading: Ethereum Demand Grows As ETFs Break Records With $2.85B Weekly Inflow Some analysts warn that Bitcoin could face stronger selling pressure if it fails to reclaim momentum, while others argue that this retrace is a healthy reset before another aggressive move upward. What is clear, however, is that investors are preparing for heightened market swings in the coming weeks. Key on-chain data reveals that short-term holders (STHs) remain under pressure. Since November and December of 2024, the average profit realized by this group has not exceeded 5%. This means their Spent Output Profit Ratio (SOPR) has stayed below 1.05, signaling that many recent market entrants have struggled to lock in meaningful gains. Historically, this kind of stagnation in STH profitability has preceded major directional moves, suggesting that Bitcoin may be on the verge of its next decisive phase. Bitcoin Short-Term Holders Under Pressure Top analyst Darkfost has provided a fresh take on Bitcoin’s current market structure, focusing on the behavior of short-term holders (STHs) through the lens of the Spent Output Profit Ratio (SOPR). The SOPR measures the average profit or loss realized when a UTxO is spent, making it one of the most reliable gauges of investor profitability and selling behavior. At present, the STH SOPR remains stuck at the neutral ratio of 1. This means that, on average, recent market entrants are breaking even on the coins they sell, rather than realizing a profit or a loss. According to Darkfost, this suggests that many STHs entered the market late, likely during Bitcoin’s push above $100,000 over the past six months. As a result, they now find themselves in a holding pattern, waiting for price appreciation to secure meaningful returns. Darkfost emphasizes that in bull markets, these dynamics often follow a predictable pattern. When STHs are shaken out, their SOPR typically dips below 1, reflecting selling at a loss. Historically, such phases have created attractive dollar-cost averaging (DCA) opportunities, as capitulation from weaker hands clears the way for stronger upward trends. Related Reading: Bitcoin 30-Day CDD Down: Market Absorbs LTH Selling Without Breaking Support Bitcoin Price Analysis: Key Levels in Focus Bitcoin is currently trading near $115,133, after pulling back sharply from the recent peak at $124,000. The chart shows that BTC has broken away from its mid-summer consolidation, but momentum has cooled, with price now testing support around the 50-day moving average ($115,712). This level will be critical in the short term, as a sustained breakdown could open the way toward the 100-day moving average near $110,833. Related Reading: Ethereum On-Chain Volume Soars To $13 Billion, Approaching Historic Records Despite the recent decline, the broader structure remains constructive. Bitcoin has spent much of the past six months above the psychological $100,000 level, establishing strong long-term support. The rejection near $123,217, marked by the yellow resistance line, suggests that bulls will need more conviction to push BTC into new highs. A clean breakout above that level could quickly send the price toward the $130,000–$135,000 region. On the downside, the 200-day moving average ($100,339) remains the ultimate line of defense. As long as BTC stays above this level, the broader bull trend remains intact. Featured image from Dall-E, chart from TradingView

Bitcoin is trading at a decisive level after surging to fresh all-time highs, touching $124,000 before pulling back. Bulls remain in control, but the market now shows signs of hesitation, with BTC struggling to confirm momentum above $120,000. This price action reflects indecision among traders as the market balances profit-taking with renewed accumulation. Related Reading: Ethereum On-Chain Volume Soars To $13 Billion, Approaching Historic Records On-chain data highlights a key shift in dynamics. After a sharp increase in the 30-day average Coin Days Destroyed (CDD) — a metric often used to track long-term holder activity and selling pressure — the indicator has now dropped significantly. This decline suggests that selling pressure from older coins has eased, even after recent profit-taking. For investors, the message is clear: while Bitcoin remains in a powerful uptrend, the inability to stay firmly above $120K highlights a critical juncture. If selling pressure continues to ease, BTC could consolidate and prepare for another breakout attempt. However, failure to hold these levels may embolden bears who are already speculating on a potential top. The coming sessions will be pivotal in defining Bitcoin’s next move. Bitcoin Selling Pressure Eases As CDD Drops According to top analyst Darkfost, the Coin Days Destroyed (CDD) indicator remains one of the most reliable tools for gauging selling pressure, particularly from long-term holders (LTHs). The metric measures how long a Bitcoin has been held before being moved, essentially combining both volume and coin age. In most cases, older BTC are moved in preparation for selling, making CDD spikes a strong indicator of distribution phases in the market. On July 23rd, the 30-day moving average of CDD surged to its highest level of this cycle, reaching nearly 1.35 million. This suggested that a significant amount of long-held Bitcoin was moved — and likely sold — as investors looked to lock in profits at or near record prices. Despite this wave of selling, however, Bitcoin’s price action has held up remarkably well, signaling robust demand and the ability of the market to absorb supply without major breakdowns. Since late July, this selling pressure has notably eased. The 30-dma CDD has been steadily declining throughout August, indicating fewer older coins are hitting the market. This trend highlights renewed stability and suggests accumulation is regaining dominance over distribution. For Bitcoin’s broader outlook, the decline in CDD is a bullish signal. It shows that despite profit-taking, strong demand underpins current price levels, allowing BTC to consolidate near highs. If this trend continues, the groundwork may be laid for another leg higher in the ongoing bull cycle. Related Reading: Bitcoin Data Shows Accumulation Prevails As LTH Selling Pressure Eases Price Analysis: Testing Key Support Level Bitcoin is consolidating just below its recent all-time high, with the chart showing clear resistance at $123,217. After briefly touching the $124K region, BTC retraced and is now trading around $117,497, sitting on top of key moving averages. The 50-day SMA (~$117,337) is acting as immediate short-term support, while the 100-day SMA (~$115,366) provides an additional safety net for bulls. The 200-day SMA (~$110,551) remains far below, reflecting the strong momentum of the current uptrend. The structure suggests indecision, with buyers defending support but failing to break above the $123K–$124K zone. A clean breakout above this level could open the path toward $130K and beyond, confirming continuation of the bull run. Conversely, a breakdown below $115K would signal weakness and expose BTC to deeper retracements. Related Reading: Memecoins Lose Ground In Market Share As Ethereum Absorbs Liquidity Momentum indicators suggest consolidation, not distribution, which aligns with the broader narrative of long-term holders selling into strength while new buyers step in. This healthy churn has allowed Bitcoin to sustain high levels without collapsing, a sign of structural resilience. Featured image from Dall-E, chart from TradingView

Bitcoin is trading at a decisive point after recently setting new all-time highs, but momentum appears to be shifting. Despite briefly pushing past $120,000, BTC failed to sustain levels above its record, and the breakout above ATH remains unconfirmed. This lack of follow-through has fueled bearish speculation, with some analysts warning that the market could be facing increased downside risk in the short term. Related Reading: Memecoins Lose Ground In Market Share As Ethereum Absorbs Liquidity At the same time, on-chain data paints a more constructive picture for long-term stability. According to the latest insights, the Long-Term Holder (LTH) cohort—those holding Bitcoin between six months and two years—has significantly increased its supply. Since April, when BTC was trading at $83,000, their holdings have grown from 3.551 million BTC to 5.191 million BTC, a remarkable increase of 1.64 million BTC. This accumulation suggests strong conviction among seasoned investors, even as short-term volatility challenges the market. While traders focus on whether Bitcoin can reclaim $120,000 and establish a firm breakout, the ongoing buildup by long-term holders reinforces the broader bullish structure. The clash between short-term weakness and long-term strength will likely define Bitcoin’s next major move. Bitcoin Long-Term Holders Signal Strength According to top analyst Axel Adler, Bitcoin’s latest test of the all-time high at $118,000 showed a very different behavior compared to past cycles. During this move, long-term holders (LTHs) who have been holding coins between six months and two years engaged in some profit-taking. Data reveals their seven-day average spending climbed to 20,000 BTC. However, this level is far below the typical distribution spikes of previous cycles, where spending often surged to between 40,000 and 70,000 BTC. This more moderate selling activity suggests that the conviction among long-term holders remains strong. Rather than aggressively taking profits, many are choosing to continue accumulating or simply holding their positions. Adler highlights that accumulation still outweighs distribution, reflecting confidence in the market’s future direction. Such behavior from experienced participants typically signals a healthier, more sustainable bull phase, where selling pressure is absorbed without disrupting the broader uptrend. Despite this encouraging backdrop, Bitcoin faces a crucial technical test. To confirm the strength of the latest move, BTC needs to decisively push above the $125,000 level. A breakout beyond this resistance would likely validate the resilience shown by long-term holders and open the path toward further price discovery. If bulls succeed, the combination of institutional demand, long-term accumulation, and reduced selling pressure could drive the next major rally. Conversely, failure to reclaim $125,000 in the near term might give bears room to test lower levels before the next leg up. Related Reading: Bitcoin STH SOPR-7d Signals Healthy Demand: Market Absorbs Selling Pressure Testing Support After ATH Rejection Bitcoin’s 4-hour chart shows price retreating after a sharp rejection near $123,200, just below the recent all-time high at $124,000. Following this failed breakout attempt, BTC has slipped back toward $117,300, where it is currently holding above the key confluence of the 100 and 200 moving averages. This zone between $116,900 and $117,600 is acting as immediate support. A decisive breakdown here could expose further downside toward $115,000. However, the moving averages continue to slope upward, reflecting an underlying bullish structure despite the short-term weakness. Related Reading: TRON Long-Term Holders See Massive Gains As TRX Pushes Toward Multi-Year Highs The repeated rejection at $123,000–$124,000 highlights the importance of this resistance. Bulls will need to reclaim this zone with conviction to confirm momentum and extend the uptrend toward higher levels. Until then, the market remains in a consolidation phase, with traders closely watching if support at the $117K region holds. Featured image from Dall-E, chart from TradingView

Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to $117,180, climbing back toward $119,000 at the time of writing. A declining leverage ratio suggests the top cryptocurrency’s bullish momentum could persist, keeping it in the running for a new all-time high (ATH) in the near term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s leverage ratio across all cryptocurrency exchanges has sharply declined from its late-July and early-August peak of 0.27. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 Notably, the ratio dropped to 0.25 in early August before a modest rebound. In contrast, the period from May to late July saw both the price and leverage ratio climb in tandem, signaling an influx of traders opening larger positions. In contrast, this time leverage has fallen without a comparable drop in price – a sign that risk has eased since the recent uptrend. Arab Chain notes that this may be the result of high-risk positions being liquidated or traders exiting the market amid volatility. With BTC holding around $119,000, the lower leverage ratio is a bullish sign, suggesting that the latest price gains are fueled more by genuine liquidity than speculative excess. A continued decline in leverage could further reduce the likelihood of a sharp correction. Conversely, a sudden spike in leverage alongside a price rally would raise the risk of a pullback. The analyst added: If leverage remains at moderate or low levels while the price remains stable, this could provide a stable base for a new uptrend. An estimated leverage ratio (ELR) holding between 0.24–0.25, accompanied by a gradual price break above 120K, could indicate a spot-supported upside and a possible extension toward the July highs, with moderate funding and slowly rising open interest. However, a quick jump in the leverage ratio above 0.27 before or during a test of $120,000–$124,000 could signal high liquidation risk and the potential for a sharp downward “shakeout.” On-Chain Data Points To Potential Selling Pressure While lower leverage is encouraging for Bitcoin bulls, on-chain data – particularly rising exchange reserves and whale transfers – hints at possible selling pressure ahead. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity For instance, Binance’s BTC reserves have recently surged to 579,000, raising concerns of profit-taking after Bitcoin’s recent rally to a fresh ATH. Likewise, more BTC miners are moving their holdings to Binance, potentially preparing to sell. Adding to the caution, some analysts warn of a possible pullback to $110,000 to fill outstanding fair value gaps. At press time, BTC trades at $118,672, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin is once again at a pivotal moment, facing heavy resistance after setting a new all-time high around $124,000 yesterday. The milestone sparked excitement among bulls, but also renewed caution among analysts who warn that slowing momentum could signal a potential market cycle top. Some see the recent hesitation as a sign that buyers may be losing steam at these elevated levels. Related Reading: TRON Long-Term Holders See Massive Gains As TRX Pushes Toward Multi-Year Highs Despite the growing bearish speculation, on-chain data from CryptoQuant offers a more optimistic perspective. The Short-Term Holder Spent Output Profit Ratio (STH SOPR-7d) has climbed to 1.04 with Bitcoin trading near $119,000. This reading means that, on average, short-term holders are selling their coins at a profit — yet the market is successfully absorbing this selling pressure without triggering a sharp correction. Historically, maintaining SOPR above the 1.00–1.02 range, with pullbacks to unity quickly bought up, has supported continued uptrends. While the current amplitude is still below the overheated peaks of past cycles, the data suggests that profit-taking remains moderate. The coming days will be crucial in determining whether BTC can overcome its current resistance zone or if it will face a deeper retracement before attempting another push higher. Moderate Selling Pressure Hits Bitcoin According to top analyst Axel Adler, Bitcoin’s Short-Term Holder Spent Output Profit Ratio (STH SOPR-7d) remains in a healthy range, with amplitude still moderate and well below the peaks of 1.06–1.09 seen in previous bullish waves. This indicates that selling pressure from short-term holders is not extreme, even as BTC trades near its all-time highs. Adler notes that the bullish scenario hinges on maintaining the SOPR-7d above 1.00–1.02, as values above unity mean that short-term holders are, on average, selling at a profit — and the market is absorbing that supply without triggering a larger sell-off. Ideally, brief pullbacks toward 1.00 should be met with strong buying interest, as quick rebounds from unity historically confirm robust demand. However, the analyst cautions that if SOPR dips below 1.0 and stays there, it would signal weakening demand. This shift would increase the probability of a deeper market correction, as it implies that coins are being sold at a loss and buyers are not stepping in aggressively enough to absorb them. The coming days will be pivotal for Bitcoin’s short-term trajectory. Many analysts see BTC pushing decisively above $125,000 as the next major breakout level. Others, however, remain cautious, expecting the market to face a sharp retracement before resuming its upward trend. Related Reading: Bitcoin Volatility Hits 2-Year Low As 30-Day Range Tightens Bitcoin Tests Resistance After Sharp Rejection from New Highs Bitcoin’s daily chart shows the cryptocurrency recently tested a new all-time high near $124,000 before facing swift rejection, pulling back to current levels around $118,777. This drop marks a failure to sustain momentum above the crucial $123,217 resistance zone, highlighted in yellow on the chart. Despite the rejection, BTC remains well-supported above the 50-day moving average (blue), currently near $115,194. This level has consistently acted as a dynamic support during the 2025 uptrend. The 100-day MA (green) at $110,456 and the 200-day MA (red) at $100,144 remain far below, underscoring the strength of the broader bullish structure. Related Reading: Ethereum 30-Day Netflow Average Deepens Negative: Buyers Dominate Market The consolidation below resistance reflects a market pausing to digest recent gains. For bulls, reclaiming $123,217 and closing above $124,000 would signal renewed momentum and could open the path toward $125,000 and beyond. A break below the 50-day MA could trigger a deeper pullback, with the 100-day MA as the next support. Featured image from Dall-E, chart from TradingView

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

Bitcoin surged past the $120,000 mark, reaching an intraday high of $122,300 — just shy of its all-time high at $123,000. The move marks a strong bullish continuation after weeks of upward momentum, fueling hopes among traders that a new record could be imminent. However, seasoned investors are approaching the rally with caution, warning that current price action could represent a relief rally before another consolidation phase. Related Reading: Altseason Still On Hold – Metrics Reveal BTC Outpaces Large, Mid, Small Caps Fresh data from CryptoQuant adds a layer of complexity to the market outlook. After a sharp rise in average weekly open interest to over 20% — peaking on July 14 — the metric has since dropped significantly, now turning negative. This shift suggests that short-term risk appetite has diminished, potentially reducing speculative momentum in the near term. While open interest declines are not inherently bearish, they can indicate a cooling phase after periods of aggressive leverage. In some cases, such pullbacks in open interest, especially when paired with increased liquidations, have preceded attractive buying opportunities. For now, Bitcoin’s position near record highs offers both promise and risk, with the next few sessions likely to determine whether the market pushes higher or pauses for consolidation. Open Interest Signals Cooling Risk Appetite Top analyst Darkfost has shared fresh market insights, highlighting a notable shift in Bitcoin’s derivatives landscape. According to his analysis, the current weekly average for open interest change sits at -2.2%, marking a sharp reversal from the +20% levels seen just weeks ago. This drop signals that short-term risk appetite among traders has clearly diminished, with many participants reducing leveraged positions after an extended bullish run. Liquidations are a key factor in this development. Darkfost points out that when open interest experiences a sharp short-term drop alongside a spike in liquidations, it often presents a window for profitable long entries. This setup typically occurs when overleveraged positions are wiped out, allowing stronger hands to accumulate at more favorable levels. While not a precise buy signal, it remains a valuable tool for gauging market conditions and identifying potentially favorable entry zones. The current backdrop is particularly intriguing as Ethereum pushes toward all-time highs, drawing increased attention to the broader crypto market. Bitcoin’s stability above the $120K level, combined with improving sentiment across altcoins, sets the stage for potentially strong follow-through in the coming weeks. However, traders will be watching derivatives metrics closely for signs of renewed leverage or further cooling before committing to larger positions. Related Reading: Bitcoin Holds Strong Near All-Time High – Market Not Overheated Yet, Data Shows Bitcoin Tests Key Resistance Just Below All-Time High Bitcoin has surged to $121,337, marking a strong breakout from its recent consolidation phase and pushing to its highest level since setting the all-time high at $123K. The daily chart shows a decisive move above the $119K zone, confirming bullish momentum after holding support at the 50-day moving average near $114,155. This rally brings BTC within striking distance of the $123,217–$124,000 resistance area, a critical zone that previously capped upside attempts in July. A clean break and daily close above this level could open the door for a new all-time high, potentially triggering further upside momentum as traders chase the breakout. Related Reading: Ethereum Exchange Balances Decline To 18.8M ETH: Smart Money Drains Supply With Ethereum nearing its own record highs and altcoins showing renewed strength, Bitcoin’s performance in the coming sessions will be pivotal for broader market sentiment. If BTC manages to secure a sustained move above $124K, it could fuel a market-wide surge. However, failure to break higher may see a period of consolidation before the next decisive move. Featured image from Dall-E, chart from TradingView

Bitcoin has reclaimed the crucial $115,000 level after briefly dipping to $112,000 earlier this week, signaling renewed strength from the bulls. The sharp recovery highlights buyers’ resilience following recent volatility, with price action now showing signs of bullish dominance. This rebound comes as traders and investors brace for the potential next leg up, eyeing higher resistance levels. Related Reading: Bitcoin STH Realized Price Signals Fragile Support: Correction Risk Intensifies Key market data adds weight to the bullish case. The Bitcoin Futures Open Interest Net Position — a closely watched indicator that tracks the balance between long and short positions — has shifted in favor of the bulls, showing a clear edge over shorts. This change in positioning suggests that sentiment is turning more optimistic, with market participants increasingly betting on further upside. However, while momentum is building, the coming days will be decisive. Bitcoin must maintain its hold above the $115K level to confirm this shift and open the door to a push toward the next major resistance. Failure to do so could invite fresh selling pressure, putting the recent gains at risk. For now, market structure and derivatives data suggest that bulls are in control, and the stage is set for Bitcoin’s next significant move. Bitcoin Market Sentiment Shifts as Technical and Fundamental Tailwinds Align According to top analyst Axel Adler, Bitcoin’s market structure is undergoing a notable shift. After a prolonged bearish regime since late July — marked by sustained short pressure and represented in the red zone — the SMA-120 line for the Bitcoin Futures Open Interest Net Position has reversed upward, reaching the neutral zero mark. This indicator, which reflects the balance between long and short positioning, signals that the market has moved from aggressive short dominance to a neutral-bullish stance. Adler notes that a similar reversal attempt occurred just a week ago but failed to hold, leading to renewed selling pressure. This time, if the SMA-120 remains above zero for another two consecutive days, it would confirm a regime change, potentially paving the way for a more sustained bullish phase. On the fundamental side, momentum is being supported by a major policy development: US President Donald Trump has signed an executive order permitting alternative assets, including cryptocurrencies, to be included in 401(k) retirement plans. This landmark decision could open the door for millions of Americans to gain exposure to Bitcoin and other digital assets through their retirement savings, significantly expanding potential demand. Related Reading: XRP Whale Activity Signals Warning: Distribution Pattern Resurfaces BTC Tests Key Liquidity Levels Bitcoin’s daily chart shows a strong recovery after recently dipping to the $112K region, with bulls reclaiming the critical $115,724 support level. The rebound has pushed BTC toward the $116,700 area, signaling renewed buying interest after a period of panic selling. The 50-day SMA (blue) is currently providing dynamic support near $113K, helping reinforce the bullish case in the short term. Above, the next major resistance is at $122,077, which marks the upper boundary of the recent consolidation range. A decisive breakout above this level could open the door for a retest of all-time highs. Related Reading: Ethereum Bears Dominate Market Orders: -$418.8M Daily Net Taker Volume Signals Trouble The market’s bias leans bullish as long as BTC remains above the 50-day SMA, but traders should watch for momentum signals. If price gains slow while approaching $122K, the risk of a pullback grows. Overall, BTC’s current structure reflects a market attempting to shift back into a bullish posture, with $115,724 acting as the key line in the sand for trend continuation. Featured image from Dall-E, chart from TradingView

Following a brief dip to $112,200, Bitcoin (BTC) has recovered slightly, trading around the $116,300 level at the time of writing. While concerns remain about BTC’s inability to decisively break the $120,000 resistance level, on-chain data suggests the asset may be in an accumulation phase – potentially gearing up for its next breakout toward a new all-time high (ATH). Bitcoin Currently In Accumulation Phase, Analyst Says According to a CryptoQuant Quicktake post by contributor BorisVest, a strategy called Smart Dollar-Cost Averaging (DCA) may help Bitcoin investors accumulate the asset more strategically and improve long-term performance. Related Reading: Bitcoin Rejected At $120,000: Binance Whale Inflows Suggest Possible Drop To $110,000 In his analysis, BorisVest noted that investors often struggle to time their entries into BTC. Many tend to buy during local tops due to fear of missing out (FOMO) and avoid entering the market during bottoms out of fear of further declines. Smart DCA offers a way to bypass these emotion-driven decisions. The strategy recommends accumulating BTC when its market price falls below the 1-week to 1-month realized price – a period during which short-term holders are often in loss, resulting in heightened sell-off. BorisVest explained: At these levels, short-term holders are usually underwater, leading to increased sell pressure. Smart DCA activates hourly purchases during such periods, helping to bring the BTC and USD cost basis closer together. Currently, the 1-week to 1-month realized price stands at approximately $117,700. As long as BTC trades below this level, Smart DCA continues to flash an accumulation signal. Once BTC climbs above this threshold, the strategy advises gradually selling previously accumulated coins. With Bitcoin now trading near $116,000, the analyst suggests that the asset is still in an accumulation phase – though it’s approaching the realized threshold. According to data from CoinGecko, BTC remains about 5.2% below its ATH of $122,838, recorded on July 14. Is BTC Unlikely To Hit A New ATH? Despite holding steady around $115,000, some analysts warn that Bitcoin’s realized price is slowly beginning to show signs of fragility. A drop below the $105,000 mark could lead to increased downside momentum, potentially triggering a larger sell-off. Related Reading: Bitcoin Sees Rising New Investor Dominance, Old Holders Yet To Capitulate Notably, Binance’s net taker volume has slipped back into negative territory, raising concerns about a near-term correction. Additionally, rising Bitcoin ETF outflows have shown signs of weakness, adding another layer of uncertainty. Still, not all indicators are bearish. Some on-chain metrics suggest BTC may simply be entering a cooling-off period after a brief overheated phase. At press time, BTC trades at $116,316, up 2.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com

Bitcoin’s new investor dominance is gaining momentum just as the asset consolidates in a tight range, setting the stage for a major breakout. After more than two weeks of sideways movement between $115,000 and $120,000, BTC continues to trade within this well-defined range—building pressure that typically precedes a sharp move. Related Reading: Bitcoin Heat Macro Phase Signals Market Sits Between Accumulation And Distribution Data from CryptoQuant highlights a crucial dynamic: the comparison between demand and supply from new versus old investors. The current new investor dominance sits at 30%, only half of the “overheated” range of 60–70% seen during euphoric phases, but the trend is clearly climbing. This means new liquidity is entering the market steadily, while old holders are still distributing at a manageable pace. The supply of long-term holders is absorbing this growing young demand without disrupting the price structure. This healthy balance suggests that the market is still in a stable late bull phase, with no signs of mass profit-taking or capitulation from seasoned investors. With Bitcoin maintaining a bullish structure and demand from fresh entrants rising, the coming days will be critical. Bitcoin Enters Healthy Late Bull Phase as New Investor Activity Grows Top analyst Axel Adler recently shared detailed insights into Bitcoin’s market structure, focusing on the balance between new and old investor behavior. According to Adler, previous peaks in new investor dominance—64% in March 2024 and 72% in December 2024—aligned precisely with local BTC price tops. At those points, new liquidity began to wane, and experienced holders ramped up profit-taking. Currently, new investor dominance stands at 30%, which is still far from those overheated extremes. However, the trend is upward. The purple fill on the chart, which reflects cumulative activity from younger coins, has been climbing steadily since July 2024. This indicates that a fresh wave of buyers continues to enter the market, while selling pressure from old hands remains limited. This dynamic creates room for further bullish continuation before the typical euphoria zone—above 60–70% dominance—takes hold. Old holders are still distributing coins, but only moderately. A coefficient of 0.3 means that three-year-old coins are absorbing demand without triggering major volatility. This balance suggests that the market remains structurally sound. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Bitcoin Forms A Tight Consolidation Range Bitcoin is currently trading at $118,413, consolidating in a narrow range between $115,724 and $122,077, as seen in the 8-hour chart. This sideways movement has persisted for over two weeks, indicating indecision in the market. The key support sits at $115,724, which has been tested multiple times but held firmly, while the $122,077 level acts as immediate resistance after a strong rejection earlier in July. The price remains above the 50, 100, and 200-period moving averages, which now align in bullish order—another sign that the underlying trend is still intact despite short-term consolidation. Volume remains relatively low, suggesting that neither bulls nor bears are aggressively positioning at the moment. However, such tight ranges often precede large directional moves. Related Reading: Bitcoin Long-Term Holders Begin Distribution: Mirroring Fall 2024 Cycle If bulls manage to break above the $122K resistance with strong volume, it could trigger a continuation toward new highs. On the other hand, a breakdown below the $115.7K support would expose downside risk. Potentially leading to a retest of the 100-period moving average around $114,490 or even the 200-period average near $110,188. Featured image from Dall-E, chart from TradingView

Bitcoin trades at a critical level, holding steady above $118,000 but failing to gain momentum for a breakout. Price action has continued to tighten over the past several days, and analysts now anticipate a major move once either key supply zones are absorbed or demand breaks below. The market sits on edge, waiting for confirmation of the next trend. Related Reading: Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level Fresh data from CryptoQuant highlights a notable shift in long-term holder (LTH) behavior. At $118K, LTH supply began to decline, signaling the start of a distribution phase. These holders, known for accumulating during downtrends and selling into strength, are now gradually offloading their positions. This transition often marks the later stages of a bullish trend and echoes patterns from previous macro cycles. As Bitcoin struggles to break past resistance and LTHs reduce exposure, pressure continues to build. A clean breakout above the current range could reignite momentum and drive BTC to new highs, while a break below support may trigger a sharper correction. Either way, the current standoff won’t last much longer. The coming days could bring the decisive move that sets the tone for Bitcoin’s next major leg. LTH Distribution Begins As Bitcoin Mirrors Fall 2024 Pattern Top analyst Axel Adler has highlighted a key development in Bitcoin’s current structure. According to Adler, LTH supply has declined by 52,000 BTC so far, marking a significant shift in behavior. These holders, typically seen as the market’s most patient participants, are now beginning to reduce their exposure—just as Bitcoin remains locked in a tight consolidation range. This shift from accumulation to distribution closely mirrors the LTH behavior seen during fall 2024, when Bitcoin climbed from $65,000 to $100,000. In that period, long-term investors steadily sold into strength as the market pushed higher, locking in profits as late-stage momentum kicked in. Adler suggests that if the current trend continues, the distribution phase will intensify with each price leg up—just as it did in previous macro cycles. The timing of this transition is critical. Bitcoin continues to hover just below all-time highs, while altcoins have begun to show signs of increased volatility. As Ethereum and other major assets begin to move more aggressively, capital rotation may accelerate. Whether this benefits or pressures Bitcoin remains to be seen. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? BTC Holds Steady As Tight Range Continues Bitcoin remains in a tight consolidation range between $115,724 and $122,077, with the 4-hour chart showing price currently hovering around $118,817. After bouncing from the lower boundary last week, BTC has managed to recover and now trades above the 50 SMA ($118,175), 100 SMA ($118,228), and well above the 200 SMA ($113,777). These moving averages have flattened, reflecting the ongoing equilibrium between buyers and sellers. Despite several tests of the $118K zone, BTC continues to respect the key support levels, showing resilience as selling pressure remains muted. Volume, however, remains low—suggesting that traders are still in wait-and-see mode, looking for a decisive breakout before committing to larger positions. Related Reading: Ethereum CME Futures Open Interest Hits Record $7.85B – Is ETH Overheating? The upper resistance at $122K remains untouched since mid-July, and each approach has been met with rejection. A clean break above this level with volume confirmation would signal a continuation of the broader uptrend and could trigger a move toward new all-time highs. On the downside, a break below $115K would invalidate the current structure and likely lead to increased volatility. Featured image from Dall-E, chart from TradingView

Bitcoin continues to consolidate between $115,000 and $120,000, with bulls maintaining control despite the lack of a breakout above $123,000. What stands out in this range-bound structure is the clear demand concentration around $117,000. According to Glassnode’s BTC Cost Basis Distribution Heatmap, this level has consistently attracted buying interest, acting as a key area where capital rotates into Bitcoin. Related Reading: Bitcoin Endures One Of The Most Intense Bear Weeks Of This Bull Cycle – Details The heatmap reveals dense clusters of cost basis activity near key price levels. This reinforces its role as short-term support and a psychological anchor for bulls. As long as this zone holds, the risk of a full breakdown remains limited—even as BTC struggles to reach new highs. However, repeated rejections near $120K and muted momentum raise concerns that upside exhaustion could eventually lead to deeper downside. If demand at $117K begins to fade, price may quickly revisit lower levels in search of fresh support. For now, though, on-chain data shows that accumulation remains healthy, and this zone could be the foundation for Bitcoin’s next attempt to reclaim the highs. $117K Becomes Bitcoin’s Accumulation Stronghold as Market Shifts Bitcoin’s $117,000 level has emerged as a key accumulation zone, with approximately 73,000 BTC now held at this cost basis, according to the latest data from Glassnode. This reinforces the idea that buyers continue to step in on every dip, absorbing selling pressure and stabilizing price action within the current range. The BTC Cost Basis Distribution Heatmap shows a consistent buildup of demand in this area, highlighting investor confidence around this support zone. What makes this cycle particularly unique is the presence of legal clarity and accelerating institutional adoption in the US. Unlike previous cycles, where price action was often driven by retail speculation and extreme volatility, today’s structure appears more measured. Regulatory progress—especially around spot Bitcoin ETFs and clearer custody frameworks—has attracted a wave of long-term capital. This influx of institutional demand is not only stabilizing the market but also making it less reactive to short-term swings. However, Bitcoin’s calm price action may not last much longer. As Ethereum gains momentum, driven by rising open interest and on-chain activity, capital is beginning to rotate into altcoins. Historically, such transitions have marked the end of Bitcoin-led phases and the beginning of broader market expansions. If ETH and altcoins continue to accelerate, Bitcoin’s tight trading range could break—either leading to a catch-up rally or a temporary pause as capital rotates elsewhere. Related Reading: Ethereum CME Futures Open Interest Hits Record $7.85B – Is ETH Overheating? BTC Range Narrows As Price Holds Between Key Levels The 8-hour chart shows Bitcoin consolidating tightly between $115,724 and $122,077, with the price currently hovering around $118,762. Despite a lack of strong momentum, the structure remains bullish as BTC holds above all major moving averages—the 50 SMA ($118,185), 100 SMA ($113,521), and 200 SMA ($109,754). This alignment signals continued trend strength, with short-term dips being supported by buyers. Volume has declined during the consolidation, a typical sign of a neutral phase where market participants await a breakout. Notably, each pullback toward the lower boundary near $115,700 has been met with strong demand, confirming this zone as key support. Meanwhile, resistance at $122,000 continues to cap bullish attempts, forming a clear range that will likely define Bitcoin’s next move. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? If BTC can reclaim $120,000 with a strong surge in volume, a breakout toward new all-time highs above $123,000 becomes likely. Conversely, a breakdown below $115,700 could trigger a sharper correction toward the 100 SMA around $113,500. For now, all eyes remain on whether bulls can sustain pressure and flip resistance, or if sellers regain control near the top of the range. The current setup favors patient accumulation as the market prepares for its next directional move. Featured image from Dall-E, chart from TradingView

Bitcoin faced renewed volatility after a minor pullback interrupted two weeks of tight consolidation just below its all-time high of $123,000. The price briefly dipped near the $115,000 support level but has already begun to recover, signaling that bullish momentum remains intact despite recent selling pressure. Market participants appear to be reacting calmly, with strong demand quickly absorbing the dip. Related Reading: Bitcoin Pullback Remains Within Normal Volatility Range: Drawdown Analysis Shows No Signs Of Panic According to fresh data from CryptoQuant, today’s price movement coincides with a significant increase in open interest across major exchanges. Binance, Bybit, and Gate all recorded sharp spikes in open interest within the last 24 hours, suggesting that traders are positioning aggressively. Notably, these exchanges were among the recipients of large Bitcoin transfers earlier in the day, likely tied to institutional or whale activity. This alignment of price recovery and rising open interest hints at a shift in sentiment. Short-term traders are re-entering the market, while bulls appear ready to defend key levels. As volatility picks up, Bitcoin’s ability to hold and reclaim recent support will determine whether it resumes its upward march or remains range-bound. The coming days could be critical for setting the tone of the next leg in Bitcoin’s price action. Rising Open Interest Signals Growing Volatility According to Julio Moreno, CryptoQuant’s head of research, over the last 24 hours, open interest surged by approximately $4 billion, indicating that leveraged positions—particularly shorts—have entered the market in large numbers. This spike coincided with significant Bitcoin transfers to major exchanges like Binance and Bybit, which received a substantial portion of today’s large-volume transactions. These developments suggest increased speculative activity as traders anticipate further price movement. The inflow of coins to exchanges, combined with rising open interest, typically signals upcoming volatility. Short sellers appear to be betting on continued downside, but with Bitcoin already recovering from its recent $115,000 dip, this could lead to a short squeeze if momentum shifts back in favor of the bulls. This market shift comes as Ethereum and altcoins show notable strength. Since May, Ethereum has consistently outperformed Bitcoin, aided by institutional accumulation and clearer regulatory signals in the US. As ETH leads the altcoin rally, investors are watching closely to see whether capital rotation from BTC into altcoins continues. Related Reading: Ethereum Whales Accumulate Over $4.1B In ETH In Two Weeks – Details Bitcoin Holds Key Support After Minor Pullback The daily Bitcoin chart shows that BTC remains in a bullish structure despite recent volatility. After briefly consolidating near the $122,000 resistance zone and reaching an all-time high just above that level, the price retraced toward the $115,700–$117,000 support band. This zone, marked by the horizontal yellow range, also aligns closely with the 50-day simple moving average (SMA), currently at $117,593.23, reinforcing its role as a strong technical support. The overall uptrend that started in early May remains intact, with higher highs and higher lows clearly visible on the chart. Notably, BTC continues to trade well above the 100-day (green) and 200-day (red) SMAs, which sit at $112,547.95 and $109,436.38, respectively. These levels serve as deeper support zones if selling pressure intensifies. Volume has increased slightly on red candles, indicating some sell pressure, but there is no sign of panic. As long as BTC holds above the $115,700 level, bulls maintain the advantage. A breakout above $122,000 would signal trend continuation and could open the path to new highs. Featured image from Dall-E, chart from TradingView

Bitcoin is making its first meaningful move since breaking its all-time highs and reaching the $123,000 level. After consolidating in a tight range for nearly two weeks, the price is now pulling back toward $115,000—marking a 6% decline from recent highs. While this retracement has stirred caution among short-term traders, data suggests there is little cause for concern at this stage. Related Reading: Bitcoin LTHs Start Distributing: CDD Ratio Hits Historic Levels According to CryptoQuant’s Bitcoin Price Drawdown Analysis chart, the current 6% pullback remains well within the normal volatility range observed during prior bull phases. This suggests the move is more likely a healthy market reset than the beginning of a deeper correction. As Bitcoin tests the lower boundary of its former range, investors will closely watch for renewed strength or signs of distribution. For now, fundamentals and long-term holder data remain supportive, keeping bullish sentiment intact despite short-term volatility. The next few sessions may determine whether BTC can bounce decisively or enter a broader consolidation phase. Bitcoin Volatility Remains Within Norms As Market Enters Critical Phase According to top analyst Axel Adler, Bitcoin’s recent price action may appear sharp at first glance, but deeper analysis shows that current volatility remains well within normal historical ranges. Over the past quarter, Bitcoin’s most notable intraday drops on the 5-minute timeframe reached -10% in early June and -12% in mid-June. Meanwhile, the average weekly drawdown, represented by the green line on Adler’s chart, remains stable at 3.8%. The current -6% pullback—following Bitcoin’s recent breakout to $123K and its retrace toward $115K—sits only 2.2% deeper than this weekly average and is still far from the panic-triggering extremes seen in previous months. Despite the dramatic visual appearance, Adler emphasizes that the current correction aligns with a standard consolidation cycle often seen during bull markets. What makes this moment especially relevant is how other parts of the crypto market are behaving. While altcoins retraced heavily yesterday, today they are holding above key support levels, signaling potential strength and a possible shift in market dynamics. This resilience across major altcoins could mark a rotation of capital within the market, rather than an exit. Related Reading: Bitcoin STH Realized Price Chart Reveals Key Defense Zones Amid Volatility BTC Falls Below Key Support as Volume Spikes Bitcoin has broken below the tight consolidation range it maintained for over two weeks, with price dropping sharply to a local low of $115,009 before slightly recovering to $115,759. This marks a clear technical breakdown of the horizontal channel between $115,724 and $122,077, as shown in the 4-hour chart. The breach below the lower bound coincided with a spike in volume, signaling decisive selling pressure from market participants. The drop pushed BTC below the 50-day (blue) and 100-day (green) simple moving averages (SMAs), both of which previously acted as dynamic support. The price is now hovering just above the $115,724 horizontal support zone, which is now being retested. A failure to hold this level could open the door to deeper retracements toward the 200-day SMA near $112,104, which could act as the next major support level. Related Reading: Ethereum Adoption Accelerates As Daily Transactions Set 2025 Record Technically, a bearish structure is developing in the short term, especially after the breakdown from the triangle-like compression (marked in blue). However, the elevated volume accompanying the move may also suggest capitulation from weak hands, which can precede a reversal. In the coming sessions, Bitcoin’s ability to reclaim the $118K level will determine whether bulls can regain control. Featured image from Dall-E, chart from TradingView

Bitcoin has remained trapped in a tight range between $115K and $120K for the past 10 days, signaling an extended phase of price compression. With bulls unable to push the price above the $120,000 resistance, analysts are increasingly warning that a correction may be imminent. The coming days are expected to be decisive, as both technical and on-chain fundamentals point to a potential surge in volatility. Related Reading: Ethereum Adoption Accelerates As Daily Transactions Set 2025 Record According to data from CryptoQuant, a key long-term metric—the Monthly Cumulative Days Destroyed (CDD) to Yearly CDD ratio—has reached an anomalously high level of 0.25. This is occurring within the $106,000 to $118,000 price range, a zone that has seen heavy long-term holder activity. Historically, similar CDD spikes were observed during the 2014 macro peak and the 2019 corrective phase, both of which marked periods of intense market distribution. This unusual on-chain behavior reflects heightened movement of long-dormant coins, suggesting that experienced holders may be taking profits at current levels. While this doesn’t confirm an immediate trend reversal, it reinforces the idea that Bitcoin’s current consolidation is a critical inflection point—one that could either lead to renewed upside or trigger a deeper correction if bulls fail to regain momentum soon. Long-Term Holders Begin Distributing, But Rally Still Intact Top analyst Axel Adler has shared insights highlighting a key shift in Bitcoin market behavior: the sharp rise in the Monthly CDD to Yearly CDD ratio indicates that long-term holders (LTHs) are beginning to actively move dormant coins back into circulation. Historically, such elevated CDD levels have marked periods of heightened activity from experienced investors, often signaling a distribution phase where profits are realized after prolonged holding. These spikes are significant because they suggest that coins held for years are now re-entering the market. According to Adler, this kind of activity isn’t random—it typically comes from holders with deep market knowledge who recognize potential turning points. However, this doesn’t necessarily mean the rally is over. While it may cap short-term upside and introduce volatility, current macro and institutional trends provide a solid counterbalance. Treasury demand remains strong, and Bitcoin ETF inflows are still flowing steadily, acting as a buffer against excessive downward pressure. This structural support is crucial in maintaining overall bullish momentum, even as some distribution unfolds. Related Reading: Bitcoin Holders Still Reluctant To Sell – Supply Active Data Shows Room For Upside Sideways Movement Persists Below $120K Resistance Bitcoin (BTC) continues to consolidate in a tight range, as shown in the 12-hour chart. Price action remains compressed between the $115,724 key support and the $122,077 resistance level. After a strong impulse earlier this month, momentum has clearly cooled, with BTC now oscillating within this horizontal channel for over 10 days. Notably, the price is currently hovering near $118,500—right around the 50-period moving average (blue), which has acted as dynamic support since early July. The 100-period (green) and 200-period (red) moving averages remain well below the current price, indicating that the broader trend remains bullish despite the pause in upward movement. Related Reading: Ethereum Big-Money Flow Hits 3-Year High With $100B In Weekly Volume However, volume has steadily declined during this consolidation phase, signaling indecision and a potential lack of conviction among buyers at current levels. A breakout above $122,000 could renew bullish momentum, opening the door for a run toward new highs, while a breakdown below $115,700 would expose BTC to deeper retracement levels, likely targeting the 100 MA near $109,800. Featured image from Dall-E, chart from TradingView

Bitcoin saw a modest retracement yesterday, dipping slightly but continuing to trade within a tight range between key support and resistance levels. While the broader altcoin market faces heightened volatility and notable losses, BTC remains relatively resilient, yet momentum appears uncertain. Analysts warn that if sentiment weakens, a broader correction could unfold. Related Reading: Ethereum Adoption Accelerates As Daily Transactions Set 2025 Record Top analyst Darkfost highlighted a critical dynamic now unfolding: the vulnerability of Short-Term Holders (STH). These investors, who entered the market during recent price surges, hold Bitcoin at significantly higher cost bases. As price action stalls or retraces, they’re typically the first to capitulate, creating increased selling pressure. With altcoins already under stress, all eyes remain on whether Bitcoin can hold above current support levels or if it, too, will start to crack under short-term selloffs. This phase could act as a stress test for recent buyers, while long-term holders and institutional participants continue to monitor key price zones. Key Realized Price Levels Suggest Bitcoin Structure Remains Bullish Darkfost has shared a chart offering a deep dive into Bitcoin’s realized prices across various holding cohorts, particularly focusing on Short-Term Holders (STHs). These metrics are proving crucial in identifying support zones that could be defended if the price continues to correct in the short term. The broader realized price for Bitcoin currently stands at $50.8K, while the annual average is significantly higher at $87.5K. More critically, the realized price for STHs—those who purchased coins recently—is positioned at $103.9K. Breaking this down further, we see realized prices by time held: STH 3m–6m: $88.2K STH 1m–3m: $104.1K STH 1w–1m: $113K These figures represent the average price at which different groups of recent investors acquired their coins. As such, they serve as psychological and technical support levels during corrections. With Bitcoin currently consolidating after a small retracement, bulls are eyeing these realized price zones to gauge whether the structure remains bullish. The $104K level, in particular, is essential—it aligns closely with the 1m–3m STH realized price and could serve as a decisive line for sentiment and price defense. If buyers can hold BTC above this level, the market’s bullish structure will likely remain intact, suggesting healthy consolidation rather than trend reversal. Conversely, losing it could trigger short-term panic selling among recent entrants. Related Reading: Bitcoin Holders Still Reluctant To Sell – Supply Active Data Shows Room For Upside Bitcoin Price Analysis: Key Levels Hold After New Highs Bitcoin continues to consolidate in a tight range after setting fresh all-time highs earlier this month. As seen in the 3-day chart, BTC is holding above $115,724—a key horizontal support—and below immediate resistance near $122,077. This consolidation range has remained intact for over a week, reflecting both strong demand and hesitation near psychological resistance. Despite the recent small pullback, the overall market structure remains bullish. Price is trading well above the 50-day ($98,536), 100-day ($93,833), and 200-day ($76,201) simple moving averages, which continue to slope upward. This confirms strong medium- and long-term momentum. Related Reading: Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates Volume has declined slightly during the current range-bound movement, indicating a pause after the aggressive rally from below $100,000. However, bulls are clearly defending the $115,000–$116,000 region, a zone that coincides with the top of the previous breakout. Featured image from Dall-E, chart from TradingView

Bitcoin remains in a tight consolidation range after setting a new all-time high above $123,000 just 10 days ago. The current range, between $117,000 and $120,000, reflects a pause in momentum as the market digests recent gains and prepares for its next major move. While volatility has cooled, underlying metrics suggest that the broader trend may still have room to run. Related Reading: Tron Outpaces Ethereum In Fee Revenue – TRX Burn Accelerates One key indicator drawing attention is the percentage of supply active in the past 180 days (% Supply Active). This metric has historically surged during major macro turning points. In spring 2024, as BTC approached $70,000, % Supply Active climbed to 20%. It rose again to 18% in December 2024, when Bitcoin first broke through the psychological $100,000 barrier. These spikes reflected long-dormant coins moving out of storage—often interpreted as early signals of broader distribution phases beginning. Currently, the market is showing only initial signs of renewed supply activity, suggesting that we may still be in the early stages of this cycle’s distribution phase. As long-term holders remain relatively inactive and Bitcoin trades near record levels, the stage may be set for further upside if accumulation resumes and new capital enters the market. Supply Activity Signals Early Stage Of Bitcoin Macro Expansion Top analyst Axel Adler recently shared key insights pointing to a potential early phase in Bitcoin’s ongoing macro cycle. According to Adler, supply activity began rising in June 2025 as BTC crossed the $100,000 mark. Over the past 30 days, this metric has climbed from negative territory to +2.4%, signaling the beginning of a shift in holder behavior. While the increase confirms early signs of distribution, it remains modest compared to previous cycle peaks. Historically, major bull markets see this 30-day % Supply Active rise dramatically. Adler highlights that the current pace lags behind prior peaks—like those seen when BTC reached $70,000 in spring 2024 or when it breached $100,000 in December 2024—suggesting that the market still has a considerable buffer before entering a heightened distribution phase. This delayed spike in activity implies that most long-term holders remain committed and are not yet ready to offload their coins. As Bitcoin consolidates near the $120,000 level, this growing yet restrained activity indicates a healthy cycle structure. Adler predicts that if BTC continues to climb and hold above $120,000, the 30-day % Supply Active will likely move into the 8–10% range. Ultimately, it could revisit the 18–20% zone seen at past distribution tops. Related Reading: Ethereum Big-Money Flow Hits 3-Year High With $100B In Weekly Volume BTC Holds Strong Above $115K Amid Consolidation The 12-hour Bitcoin chart reveals a clear consolidation phase following the recent all-time high. BTC is currently trading around $118,267, trapped in a tight range between the $122,077 resistance and the $115,724 support. Despite a minor rejection from the $120K area, the structure remains bullish as long as price holds above the 50 and 100-period SMAs, which are now aligned between $113K and $110K—signaling solid mid-term support. Volume shows decreasing momentum during this consolidation, typical of a healthy pause after a strong breakout. BTC previously surged above $120K on strong volume, but has since failed to establish a new high, instead forming a sideways pattern. This suggests market indecision or accumulation before the next leg. Related Reading: Bitcoin Whale Metrics Flash Mixed Signals: Monthly Inflows Rise And Daily Outflows Start Slowing A break above $122,000 could trigger the next push toward the $130K level, while a breakdown below $115,724 would open room for a deeper retrace, potentially toward the $113,000 area near the 50-SMA. As long as buyers defend the lower range, the trend remains intact, and a breakout seems likely—especially if macro indicators or on-chain signals support further upside. Featured image from Dall-E, chart from TradingView

Bitcoin continues to trade within a tight range, consolidating above the $115,000 level and just below the key psychological barrier at $120,000. While the price structure remains bullish, market analysts are increasingly divided. Some expect Bitcoin to break higher toward uncharted territory, while others warn of an incoming correction, citing historical patterns and profit-taking behaviors. Related Reading: Ethereum Open Interest Hits Record $50 Billion – Volatility Incoming? Adding weight to the cautionary outlook, new data from CryptoQuant reveals a significant spike in whale activity. The Whale to Exchange Flow monthly average has surged by nearly $17 billion in just four days. This kind of jump historically coincides with either profit realization or increased volatility, as large holders adjust their positions. Although bulls are still in control of the trend, this level of whale inflow to exchanges may introduce short-term selling pressure, especially as Bitcoin hovers near its all-time high. The coming days could prove pivotal, as market participants assess whether this activity marks the beginning of a larger distribution phase or simply a healthy rotation within a bullish uptrend. Whale Inflows Surge, But Daily Trend Suggests Potential Easing Top analyst Darkfost has drawn attention to a critical development in Bitcoin’s market structure. According to his analysis, during the last two major market tops, exchange inflows from large holders surpassed $75 billion—an event that marked the beginning of a sharp correction or an extended consolidation phase. These inflows are a key signal, often indicating that whales are beginning to distribute their holdings after a strong rally. Currently, the data suggests a similar pattern could be unfolding. Between July 14 and July 18, the Whale to Exchange Flow monthly average surged from $28 billion to $45 billion, marking a $17 billion increase in just four days. While the recent 80,000 BTC transfer—linked to the Satoshi-era whale—likely played a role in this jump, it also reflects a broader trend: whales may be capitalizing on the recent all-time high to lock in profits. However, there’s an important nuance. Darkfost notes that while the monthly average has spiked, daily inflow data shows a noticeable decline. This suggests that the selling pressure from whales may be subsiding—at least temporarily. If the trend continues, it could provide the market with room to stabilize and potentially prepare for another leg up. Related Reading: Bitcoin Miner Sales Surge To Highest Level Since April – Details Bitcoin Consolidates Below Resistance Amid Bullish Structure Bitcoin continues to trade within a narrow consolidation range between $115,724 and $122,077, as shown on the 4-hour chart. Despite recent pauses in upward momentum, the broader structure remains bullish. The alignment of the 50, 100, and 200 simple moving averages (SMAs) confirms a healthy uptrend, with all three moving averages sloping upward and supporting the price action from below. The $122K level has proven to be a formidable resistance, rejecting multiple attempts to break higher. Meanwhile, the $115,724 support has remained intact, forming a clear short-term range. Volume has decreased over the last few sessions, which suggests indecision or a lack of conviction from bulls and bears alike. This kind of consolidation often precedes a breakout, especially when aligned with strong trend structure. Related Reading: Chainlink Sees Heavy Accumulation – Whales Add 8M LINK In One Month A decisive move above $122,077 with strong volume would likely confirm the next bullish leg, possibly targeting the $130K zone. Conversely, if bears gain ground and break below the $115,724 support, BTC could test the 100 SMA near $114,800 or even revisit deeper support zones. Until then, traders should closely monitor the volume profile and structure around these levels to anticipate the next breakout or breakdown. Featured image from Dall-E, chart from TradingView

Bitcoin is currently holding above the $115,000 level after setting a new all-time high of approximately $123,000 last Monday. The price structure remains firmly bullish, with buyers still in control, but growing signs suggest the potential for a short-term correction. Momentum has slowed, and the market is entering a consolidation phase as traders reassess risk. Related Reading: Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates According to new data from CryptoQuant, Bitcoin miner selling has surged sharply. On July 15, the same day Bitcoin reached its latest peak, daily BTC inflows to exchanges jumped from 19,000 BTC to 81,000 BTC — a clear sign that major holders, including miners and whales, took advantage of high prices to offload assets. Notably, miner outflows spiked to 16,000 BTC, the highest daily level since April, and nearly all of it was sent directly to exchanges. These inflows suggest a shift in sentiment among large players, raising the probability of increased supply pressure in the short term. While the broader trend remains intact, and fundamentals like long-term holder activity are still strong, the spike in exchange deposits is a classic signal to watch. Whether this leads to a deeper pullback or simply a healthy reset will likely be decided in the coming days. Miners Take Profits As Bitcoin Hits All-Time High Fresh data from CryptoQuant reveals that Bitcoin miners have resumed aggressive selling behavior as BTC reached a new all-time high of ~$123,000. On July 15, miner outflows spiked to 16,000 BTC — the highest single-day total since April 7. This level of activity represents what analysts at CryptoQuant describe as an “extreme outflow,” indicating that miners seized the opportunity to take profits at elevated prices. The miners sent nearly all the BTC they withdrew from their wallets directly to centralized exchanges. This reinforces the interpretation that the move was not simply a strategic reallocation but an active decision to sell into market strength. Such behavior often signals growing caution among miners, who may expect either near-term price exhaustion or are simply capitalizing on favorable conditions after months of holding. Miner behavior has long been viewed as a leading indicator of potential market shifts. When outflows rise — particularly to exchanges — it tends to precede increased volatility or temporary tops. While the broader Bitcoin trend remains bullish and investor demand stays strong, this wave of miner selling injects a dose of uncertainty. Related Reading: Ethereum Enters Top 30 Global Assets With $416B Market Cap – What’s Next? BTC Consolidates Below ATH After Explosive Rally The daily chart of Bitcoin (BTC/USD) shows price consolidating in a tight range between $115,730 and $123,230 after reaching a new all-time high. This zone is now acting as a short-term channel, with buyers defending the $115K area while facing resistance around $123K. The latest daily candle shows low volatility, suggesting indecision among traders as Bitcoin pauses after its recent breakout. Volume has tapered off following a massive spike that coincided with the all-time high breakout, a potential signal of exhaustion or reduced participation from large buyers. The 50-day simple moving average (SMA) at $108,796 remains well below the current price, confirming the bullish momentum is still intact, but any breakdown below the $115K level could bring the 50-day SMA into focus as a potential support. Related Reading: All 40K Remaining Bitcoin From The 80K Whale Just Moved: $4.75B In One Wallet Now So far, the trend structure remains bullish, but with a growing number of analysts pointing to miner sales and whale activity, traders are closely monitoring price action for signs of a pullback or renewed breakout. If BTC can reclaim $123,230 with volume, the next leg up could follow. Until then, this consolidation may serve as a healthy cooldown before the next major move. Featured image from Dall-E, chart from TradingView

After reaching a record high of $123,200, Bitcoin is now consolidating around the $118,000 level. Market participants remain on alert as top analyst Darkfost reported a major development involving one of the oldest and most closely watched wallets in crypto history. According to the analyst, the remaining 40,000 BTC—valued at approximately $4.75 billion—still held by the 80K Satoshi-era whale have all moved. Related Reading: Bitcoin Retail Demand Rebounds – $0–$10K Transfer Volume Turns Positive The shift began last night, signaling renewed activity from the early Bitcoin holder. Until now, only half of the whale’s holdings had been moved, while the rest remained dormant. This latest transfer marks the full mobilization of the entire 80,000 BTC once controlled by the entity. While the motive behind the move remains unknown, the market is watching closely for signs of potential selling or redistribution. Bitcoin’s ability to hold above key support levels despite this high-stakes movement may reflect strong demand and investor confidence. However, with $4.75 billion now in motion, traders are bracing for possible volatility ahead. The market is waiting to see if this event will trigger broader implications—or if it’s simply a strategic reshuffling from one of the ecosystem’s earliest whales. Satoshi-Era BTC Consolidates Into Single Address Darkfost highlighted a major on-chain development that has captured the market’s attention: Each of the four wallets, previously holding 10,000 BTC from the 80K whale, sent their funds to a single destination address bc1qs4nzm0je7wqfyfmqr4ht4upyzy57vc95nf4au0. This address now holds the entire $4.75 billion stash, raising new questions about the intent behind the move. According to Darkfost, while the pattern differs from previous sell-off precedents, the market must remain alert. “I guess these BTC might also end up hitting the market soon,” he commented. This kind of movement—especially from dormant, high-value wallets—often signals large-scale positioning, which can precede either institutional sales or strategic long-term storage. The timing coincides with rising bullish momentum across the crypto market. With Bitcoin consolidating above $118,000 following its $123,200 all-time high, traders are eyeing a potential breakout. Adding fuel to this outlook, all three key crypto-related bills were passed by the US House this week, removing significant regulatory uncertainty and clearing a path for broader adoption. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip Bitcoin Weekly Chart Signals Fresh Momentum The weekly chart shows Bitcoin holding strong above $118,000 after surging to an all-time high of $123,200. This breakout follows a prolonged consolidation just below the $110,000 resistance, which acted as a ceiling for several months. Now turned support, the $109,300 and $103,600 zones are critical demand levels, offering a firm foundation for continuation if bulls maintain control. The structure of the recent weekly candles reflects bullish dominance, characterized by strong bodies and relatively small upper wicks. This suggests controlled profit-taking and growing confidence from buyers. Meanwhile, volume is picking up, confirming participation in the breakout and hinting at the possibility of sustained momentum in the coming weeks. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth All major moving averages—50-week ($88,214), 100-week ($69,139), and 200-week ($50,254)—are trending upward and remain well below current price levels, reinforcing a long-term bullish trend. As Bitcoin consolidates above former resistance, this zone may now serve as a launchpad for a move toward the next psychological target at $130,000. Featured image from Dall-E, chart from TradingView

Bitcoin volatility is back on the rise after a dramatic week of price action. On Monday, BTC surged to a new all-time high of $123,200, only to retrace to $115,700 by Tuesday, highlighting the fast-paced, high-stakes environment that has returned to the crypto market. Despite the sharp pullback, the overall trend remains bullish, with price structure and momentum still favoring the bulls. Related Reading: SharpLink Gaming Buys $73M in Ethereum – Smart Money Loads the Dip Bitcoin has held above key support levels, and buyers continue to step in on dips, reinforcing confidence in the ongoing uptrend. The recent move is viewed by many as a healthy correction rather than a reversal, especially given the macro backdrop and rising institutional involvement. Adding to the bullish narrative, CryptoQuant data reveals that retail investors are making a comeback. The 30-day change in demand for small BTC transfers (ranging from $0–$10K) is signaling renewed interest from retail investors. Retail Demand Reawakens As Crypto Week Advances In Washington Top analyst Axel Adler has highlighted a critical on-chain signal that points to the return of retail investors in the Bitcoin market. The 30-day change in demand for small transfer volumes ($0–$10K) has moved out of negative territory for the first time in months. This shift indicates a meaningful increase in activity from smaller holders—widely interpreted as retail participants—after a prolonged period of dormancy. Retail involvement plays a crucial role in sustaining long-term bullish trends. While institutional demand often drives initial breakouts, it is the broad participation from everyday investors that adds momentum and staying power to rallies. The reappearance of retail buying interest not only strengthens Bitcoin’s current price structure but also suggests growing confidence in the asset’s outlook, despite recent volatility. This renewed demand comes at a pivotal time. “Crypto Week” is underway in the US Congress, where lawmakers are actively debating and voting on three major cryptocurrency bills. The outcomes of these discussions are expected to shape the regulatory landscape for years to come and could provide the clarity that both retail and institutional investors have long awaited. For now, the uptick in small-scale BTC transfers is a strong signal. That retail investors are re-engaging just as the crypto industry prepares for potentially historic policy changes. Related Reading: Bitcoin Bears Strike Back After ATH: Long/Short Ratio Flips Negative BTC Holds Above $118K After Reclaiming Breakout Zone Bitcoin is currently trading at $118,914 on the daily chart. After a sharp rally pushed it to a new all-time high of $123,200 earlier this week. The price has since retraced, but BTC continues to hold above key support levels, signaling bullish resilience. The recent dip toward $117,000 was met with buyer interest, as seen in the long lower wick and a moderate bounce on rising volume. The chart shows that BTC is comfortably trading above the 50-day, 100-day, and 200-day simple moving averages (SMAs). Currently at $108,040, $102,116, and $97,362, respectively—all of which are upward sloping. This confirms a strong bullish structure, with momentum still favoring buyers in the medium to long term. Related Reading: Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth With volatility increasing and volume surging, Bitcoin’s consolidation above $118K could act as a launchpad for a second leg higher. A strong close above $120K would likely confirm continued bullish momentum heading into the final stretch of “Crypto Week.” Featured image from Dall-E, chart from TradingView