THE LATEST CRYPTO NEWS

The Bitcoin price has continued to trade sideways since hitting a new all-time high (ATH) of $111,900 earlier in May. Amid the current price action, crypto analyst Decode has provided insights into whether the leading crypto will rally to $120,000 or drop below $100,000 next.  Analyst Reveals What’s Next For The Bitcoin Price In an X post, Decode shared an accompanying chart in which he made an ABC wave analysis of the current Bitcoin price action. Based on his analysis, the leading crypto is expected to drop below $100,000 before it rallies to a new ATH of $120,000. The chart showed that BTC could fall to as low as $96,500 on the Wave B corrective move.  Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next This drop to $96,500 is expected to happen this month. Once that is done, Decode predicts that the Bitcoin price could rally above $120,500 before the end of July. This will mark the Wave C impulsive move to the upside. This aligns with veteran trader Peter Brandt’s prediction that BTC could reach as high as $150,000 by late summer. However, crypto analyst KillaXBT has predicted that the Bitcoin price could hit the $120,000 target by mid-June. This coincides with the June FOMC meeting, which is scheduled for June 17 and 18. A Fed rate cut could serve as the catalyst for such a parabolic rally from the current BTC price level.  According to CME FedWatch data, there is a 97.4% chance that the Fed would keep interest rates unchanged. As such, market participants aren’t expecting a rate cut, which is why the Bitcoin price could pump massively if Jerome Powell and the FOMC were to surprise everyone. Moreover, US President Donald Trump yesterday urged the Fed to cut rates by a full point.  A Breakout Might Be On The Cards In an X post, crypto analyst Titan of Crypto suggested that a breakout could be imminent for the Bitcoin price. He noted that BTC is progressing inside a 4-hour falling wedge, which indicates a bullish reversal pattern. If confirmed, the analyst stated that the breakout could target the $107,500 and $109,500 zones, which are the Fibonacci confluence areas.  Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Crypto analyst Kevin Capital highlighted the solid V-shape recovery for the Bitcoin price after the leading crypto dropped to as low as $100,000 on May 5. However, the analyst noted that BTC’s rebound back to the $105,000 zone won’t matter until it breaks above the $106,800 level. The leading crypto must also show actual follow-through with 3-day to 1-week closes to support a breakout. At the time of writing, the Bitcoin price is trading at around $105,000. Up over 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price has not had quite the same spark it did at the beginning of the last month so far in June. The premier cryptocurrency has somewhat struggled to break out of a consolidation range since reaching a new all-time high in the month of May. The Bitcoin price recently succumbed to bearish pressure, falling to around $101,000 on Friday, June 6. While the market leader has enjoyed some resurgence to begin the weekend, a prominent blockchain firm has now identified significant levels in the event of a return to the $100,000 level in the coming days. Here Are The Next Support Levels For BTC In a June 6 post on the social media platform X, crypto analytics firm Sentora (previously known as IntoTheBlock) revealed an interesting on-chain perspective on the price of Bitcoin and its latest dip toward $100,000. According to the intelligence platform, there are some significant levels lying just beneath the six-figure valuation threshold. This analysis is based on the average cost basis of several Bitcoin investors and the distribution of the BTC supply around the current price. For context, cost-basis analysis basically evaluates the capacity of a price level to act as support or resistance, depending on the volume of crypto last acquired by investors at this level. As observed in the chart below, the size of the dots directly corresponds with the quantity of BTC  purchased within each price bracket and the region’s capacity to act as support or resistance. This implies that the larger the dot, the higher the number of coins purchased, and the stronger the support or resistance level; the green dots are support (as they are usually below the current price), while the red dots serve as resistance (as they are above the asset price). According to data by Sentora, the Bitcoin price seems to have major support within the $95,000 – $99.000 region due to heavy accumulation by investors. This price zone would serve as an on-chain cushion for the Bitcoin price, as investors with their cost bases around the level are likely to defend their positions by acquiring more coins if the price falls toward the $95,000 – $99,000 zone. Sentora mentioned that if the bulls do defend this support level, the Bitcoin price could be in for an extended rally. On the flip side, the on-chain firm asked investors to expect a surge in volatility if this support level fails to hold. Bitcoin Price At A Glance As of this writing, the price of BTC sits just above $104,400, reflecting an almost 3% increase in the past 24 hours. Related Reading: Traders Turn Bearish on Bitcoin Following High-Profile Political Tensions, Data Shows Featured image from iStock, chart from TradingView

Bitcoin (BTC) is showing signs of repeating a historic Golden Cross pattern that led to a long-term parabolic run. While the cryptocurrency’s recent pullback near the $100,000 region may have alarmed the crypto market, analysts suggest that this move is part of a broader trend that could push BTC to its next price high.  Golden Cross Formation Pits Bitcoin At $150,000 Bitcoin has once again flashed a classic bullish signal, the Golden Cross, prompting renewed optimism for a major price rally in the coming months. According to a technical analysis by ‘Chain Mind,’ a crypto analyst on X (formerly Twitter), Bitcoin may be on the verge of an explosive surge to $150,000 if this historical pattern plays out as expected.  Related Reading: Bitcoin Price Crash To $100,00 Loading: Next Targets Revealed As Bears Take Over The last time BTC formed this pattern was in November 2024. Immediately after the cross’s completion, Bitcoin’s price experienced a 10% correction, followed by a sharp 62% rally over the next several weeks. This behavior established a clear trend of a short-term shake-out preceding a strong bullish continuation.  Now, in early June 2025, Bitcoin has printed another Golden Cross on its chart, and so far, price action appears to be closely mirroring the one from the previous year. Notably, Bitcoin has dropped 8%, suggesting a smaller but comparable corrective phase to the one observed in 2024. Technical projections from Chain Minds now show a possible 51% rally on the horizon from the post-correction bottom. This would potentially place Bitcoin in the $150,000 range by the end of 2025.  Notably, Chain Mind’s analysis identifies Bitcoin’s recent crash toward the $100,000 region as a potential local bottom, with the Golden Cross acting as the catalyst for the next leg of the bull run. If the current historical pattern holds, Bitcoin may be entering a sustained period of upward movement to new all-time highs. With the cryptocurrency already recovering from the brief downturn and now trading at $105,050, a 51% increase would potentially place its price at approximately $158,625 once the historical Golden Cross pattern is fully completed.  Bitcoin Uptrend At Risk If $100,000 Level Is Lost Despite the broader bullish sentiment surrounding Bitcoin, its price is currently navigating a critical trading range between $100,000 and $112,049, which analysts suggest is crucial for maintaining its current optimistic outlook. Crypto Fella, the market expert responsible for this analysis, has shown via a chart that BTC is consolidating within a rectangular band, reflecting a pause in momentum after a sharp upward move earlier in the quarter.  Related Reading: Bitcoin Price Crash Trigger To $96,000: The Head And Shoulders Pattern That’s Forming The crypto analyst has boldly asserted that as long as Bitcoin continues to trade within the range above, there should be little cause for concern for another major crash. However, if the $100,000 mark fails to hold, the next likely target for downside movement is between $97,000 and $95,000, representing a 9.56% and 7.66% decline from current levels, respectively. Featured image from Getty Images, chart from Tradingview.com

One of the reasons that the altcoin season seemed to not have begun until now is the fact that Bitcoin has dominated the market recovery, and thus, the BTC dominance remains very high. For the altcoin season to actually begin, past market performances show that there needs to be a major decline in the Bitcoin dominance. This is the ultimate trigger the market needs to confirm that altcoins will begin their own independent run. Bitcoin Dominance Needs To Fall To 62% The Bitcoin dominance is still trending at a high 64%, and this continues to be a thorn in the side of altcoins. With the dominance this high, the Bitcoin price continues to dictate where the market goes and has seen altcoins suffer crashes as a result of even the tiniest movement triggering a decline in prices. Related Reading: What Happens To The XRP Price If The 2017 Fractal Plays Out Again? However, crypto analyst Quantum Ascend has pointed out an interesting formation in the chart, which is a 7-wave crashing pattern. This pattern has been completed, and this signals a possible drop in the Bitcoin dominance as time goes on. The last phase of the 7-wave pattern was when the dominance hit a peak of 64.6% before declining back down toward 64%. This pattern suggests that the Bitcoin dominance could possibly drop to 62%, which would be good news for those waiting for the altcoin season. The last time that the dominance was this low was back on May 14, and altcoins had rallied hard as a result. For this decline to be completed, the crypto analyst reveals that confirmation lies below 63.45%, as this is the Wave 6 lows. Once this support is broken, a sharp drop toward 62% is expected from here. As the analyst explains, “real momentum kicks in under 62%,” and this is when altcoin season moves with full force. Altcoin Season Is Not Over The topic of a possible altcoin season is currently one of the most debated in the crypto community as market participants remain split on where it is in the cycle. Some have said there will be no altcoin season similar to what was seen in 2021, while others have maintained that it is still possible. Related Reading: Dogecoin Open Interest Averages $2 Billion In June As Price Struggles Below $0.2 One analyst on the X (formerly Twitter) platform has lent their voice, pushing the narrative that the altcoin season is far from over. For a 2021-style altcoin season to happen, though, the crypto analyst says the altcoin market, which excludes the top 10 cryptos by market cap, must break above the $470 billion resistance like it did in previous cycles. Once this happens, then they expect the altcoin season to begin. Featured image from Dall.E, chart from TradingView.com

After days of fluctuating around the $105,000 range, Bitcoin appears to be succumbing to pressure from bears and profit-taking from traders. The most recent 24 hours were marked by Bitcoin losing its hold on the $105,000 price level, crashing until it rebounded at a lower support range around $101,000. However, technical analysis of Bitcoin’s daily candlestick timeframe chart shows that this price level is increasingly under threat, and a formation is currently in place that could lead to a price crash towards $96,000. Bitcoin Head And Shoulders Pattern Forming Crypto analyst Titan of Crypto has highlighted what is a textbook head and shoulders formation on the daily chart. This bearish pattern, if completed, would imply a breakdown toward the $96,000 price zone, according to the analyst.  Related Reading: Major Bitcoin Price Drop Alert: Crash To $98,000 To Fuel Altcoin Buying Opportunity The setup is clearly defined by a peak (head) around mid-May that is flanked by two lower highs (shoulders) on either side, all sitting atop a slanted neckline that now acts as the last line of support. As of now, Bitcoin is trading just above this neckline, testing its structural integrity. In technical analysis, a clean break below the neckline accompanied by strong volume often activates the measured move from the head’s peak to the neckline, projected downward. Based on the chart, that drop points directly to $96,054. This puts Bitcoin at risk of a near 8% drawdown from current levels, with little support in between.  Aside from this formation, Bitcoin’s daily RSI is currently around the 50 reading, which is a zone that often triggers reactions. As such, a drop below this midline will confirm a bearish shift in momentum. Bitcoin Price Action Closing On Bearish Mode If Bitcoin does collapse toward the $96,000 level, it would mark a departure from the bullish strength that dominated its price just two weeks ago when it registered a new all-time high at $111,814. Since then, however, Bitcoin has lost subsequent support levels at $110,000, $107,000, and $105,000, which now places the next zone of importance at $103,000. Should Bitcoin fail to hold above that threshold, the pressure would likely shift toward the $101,000 level, which could act as the final buffer before steeper declines. Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings Interestingly, the neckline level of the inverse head and shoulders pattern highlighted by crypto analyst Titan of Crypto is around the $103,500 price level. Bitcoin broke below this price level in the past 24 hours, but the bulls managed to prevent further losses below $101,700. This has led to the creation of lower lows on the daily timeframe. At the time of writing, Bitcoin is trading at $103,250, which means it is back to testing the neckline resistance from below. Its reaction here would determine if it eventually crashes toward $96,000. If sellers take control at this level, it would not only confirm the head and shoulders breakdown but could also lead to a short-term capitulation across other cryptocurrencies. Featured image from Getty Images, chart from Tradingview.com

Bitcoin has continued to show strength amid rising macroeconomic uncertainty, with surging U.S. bond yields and escalating global tensions keeping markets on edge. However, recent political drama has injected new volatility into the crypto space. The world’s leading cryptocurrency experienced a sharp 5% pullback after a highly publicized clash between Elon Musk and US President Donald Trump unfolded on the social platform X. The dispute, centered around the “Big Beautiful Bill” criticized by Musk, quickly triggered reactions across financial markets. Related Reading: Solana Horizontal Support Under Pressure – Bearish Target At $142 According to top analyst Darkfost, last night marked the most significant shift in trader behavior on Binance so far in 2025. As the political spat gained attention, traders responded rapidly, viewing the event as a risk-off signal. The fallout was immediate in the derivatives market, where Binance’s net taker volume plunged from $20 million to -$135 million in under eight hours. This dramatic shift marks the largest net taker volume decline of the year, highlighting just how sensitive crypto traders remain to political developments. While Bitcoin holds key levels for now, market participants are watching closely to see if this pullback will deepen or become a launchpad for the next move higher. Bitcoin Rebounds From $100K Support But Faces Resistance Ahead Bitcoin is once again at a pivotal point after rebounding from the $100,000 support level and climbing to the $103,000 range, showing resilience despite recent volatility. The move signals strength among bulls, but the broader market remains cautious as all eyes turn to the $112,000 all-time high. A breakout above that level could ignite a new leg up, but failure to maintain momentum may lead to a deeper correction below current demand levels. Macroeconomic conditions continue to weigh on market sentiment, with rising US bond yields and escalating geopolitical tensions—particularly the public clash between Elon Musk and US President Donald Trump—injecting uncertainty into global risk assets. The reaction was clearly visible in the crypto derivatives market. Top analyst Darkfost reported that the net taker volume on Binance experienced a record shift, plunging from $20 million to -$135 million in under eight hours. This marks the largest decline in directional sentiment seen in 2025. The net taker volume reflects the imbalance between aggressive longs and shorts, and such a steep drop points to traders rapidly flipping bearish. This sharp reversal indicates fear-driven positioning. However, should Bitcoin rebound convincingly, it could trigger a cascade of short liquidations, potentially fueling a strong rally toward new highs. Related Reading: Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming? Price Action Details: Testing Key Level The 4-hour Bitcoin chart shows a strong rebound after briefly breaking below the $103,600 support level. BTC dipped as low as $101,159 before buyers stepped in aggressively, driving the price back to $103,826 at the time of writing. This bounce came precisely at the 200-period moving average (red line), signaling that bulls are still defending key demand zones despite recent volatility. The recovery candle printed with rising volume, suggesting renewed interest and a potential short-term trend reversal. However, Bitcoin still faces critical resistance ahead, with the 50, 100, and 200 EMAs (green, blue, purple lines) now acting as dynamic resistance between $104,600 and $107,000. A close above these levels would confirm strength and could open the door for a retest of the $109,300 resistance. Related Reading: Solana Analyst Sets $300 Target – Can Bulls Sustain A Rally? For now, the price action indicates a high-stakes battle between bulls and bears. If BTC holds above $103,600 and builds momentum, the market could regain confidence and push higher. However, failure to reclaim the moving averages may signal exhaustion and expose the price to another retest of the $100K psychological level. Featured image from Dall-E, chart from TradingView

Bitcoin’s majestic 2024-25 ascent may have stalled at the very moment many traders expected an early-summer melt-up, according to crypto analyst Dr Cat (@DoctorCatX). In an extended thread published today, the Ichimoku-focused technician argues that the market printed a “valid cycle high” on the weekly chart and has now slipped into neutral territory—potentially postponing the next decisive breakout until mid-July or, failing that, as late as the first quarter of 2026. Bitcoin Bottom Not In? “I warned multiple times that we can’t be bullish on the weekly before the 9th of June,” Dr Cat reminded followers. The Chiko Span (CS) “entered the candles” last week, he noted, stripping the weekly timeframe of its bullish bias even though the long-term monthly structure remains intact. “Because the monthly chart is bullish, things are still long-term bullish,” he conceded, yet the immediate path higher has narrowed to two clear windows. Related Reading: The Last Bitcoin Cycle? Swan Says History’s Turning The first window opens in the week beginning 16 June. If Bitcoin starts that week above $99,881 and closes with CS breaking cleanly above the candle range, Dr Cat believes “the moonshot, potentially to $270,000,” could ignite. Should price open below that threshold, a textbook CS tracing pattern would already be underway, pushing the next breakout target to the week commencing 14 July (or the one immediately after). “Simply because these are the places where CS can make a clear breakout above the candles terminating a CS tracing,” he explained. Below $93,200—the current position of the weekly Kijun Sen—the bullish countdown is voided. “If the Kijun Sen at 93.2K is lost, we consider much later breakout,” Dr Cat warned, pointing traders to a broad monthly window between November 2025 and April 2026 when the Kijun Sen itself is expected to slope upward again. Until then, he is “not confident that the bottom is in,” flagging $97–98 K as a short-term confluence zone in which the daily Kumo cloud, the weekly Tenkan Sen and the two-day Kijun Sen intersect. The analysis comes at a delicate moment for sentiment. Bitcoin’s April all-time high above $111,999 has so far resisted several retests, and funding rates on major derivatives venues have eased from euphoric to merely positive. For Dr Cat, such moderation is consistent with Ichimoku’s Kihon Suchi 17-period rhythm: “Time cycles … give a valid cycle high on the weekly. I think at this point it obviously printed,” he wrote, implying that a fresh consolidation phase is statistically favored. Altcoin Season Even Further Delayed Altcoins face an even steeper uphill battle. In a companion post dissecting the TOTAL3 index (the market capitalization of all crypto assets excluding Bitcoin and Ethereum), Dr Cat argued that “altcoins are not ready to pump on the weekly and need minimum 1-2 months for that in the most bullish scenario.” Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 He cited four overlapping bearish ingredients: price below the weekly Kijun Sen, a negative Tenkan–Kijun cross, a Chiko Span trapped beneath the candle “forest,” and a Kijun Sen poised to turn down next week. “The chance for a bullish altcoins explosion in June is around 5 %,” he concluded, assigning a roughly equal probability that Bitcoin alone could rally while “dominance destroys alts.” That dour appraisal extends to Ethereum and other large caps. In Dr Cat’s view, “blindness … applies to anyone expecting a parabolic bull run above ATH in June for TOTAL3.” The first legitimate “window of opportunity for altcoin bulls,” he adds, does not open until August, when the weekly CS will encounter a thinner overhang of historic candles. Market implications hinge on whether Bitcoin can defend its higher-timeframe pivots long enough to align with those temporal windows. So far, the $93.200 Kijun Sen serves as the demarcation line between an orderly pause and a deeper retracement. A weekly close beneath it would “activate” the November-to-April contingency track—effectively pushing any move toward Dr Cat’s headline $270,000 projection into the next halving cycle. At press time, BTC traded at $103,072. Featured image created with DALL.E, chart from TradingView.com

Bitcoin price started a fresh decline and tested the $100,500 zone. BTC is now consolidating and might extend losses below the $100,000 level. Bitcoin started a fresh decline below the $104,000 zone. The price is trading below $104,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh decline if it breaks the $100,500 support zone. Bitcoin Price Dips Further Bitcoin price started a fresh decline and traded below the $104,500 support zone. BTC even settled below the $104,200 level to enter a short-term bearish zone. Besides, there was a break below a key bullish trend line with support at $104,600 on the hourly chart of the BTC/USD pair. Finally, the pair tested the $100,500 support zone. A low was formed at $100,400 and the price is now consolidating losses. There was a move above the $101,500 level. BTC tested the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low. Bitcoin is now trading below $103,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $102,000 level. The first key resistance is near the $103,200 level. The next key resistance could be $103,600. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $100,400 low. A close above the $103,600 resistance might send the price further higher. In the stated case, the price could rise and test the $104,200 resistance level. Any more gains might send the price toward the $105,000 level. More Losses In BTC? If Bitcoin fails to rise above the $103,200 resistance zone, it could start another decline. Immediate support is near the $101,200 level and the trend line. The first major support is near the $100,500 level. The next support is now near the $100,000 zone. Any more losses might send the price toward the $98,500 support in the near term. The main support sits at $97,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $101,200, followed by $100,500. Major Resistance Levels – $102,000 and $103,600.

The Bitcoin price is falling fast, and with bears currently taking control, a crypto analyst has forecasted an impending crash below $100,000. While this potential downturn may sound alarming, the analyst has also revealed that after the pullback, Bitcoin (BTC) is expected to undergo a significant price rally to new all-time highs.  Bitcoin Price Faces Immediate Crash Risk Bitcoin appears to be entering a cooling phase after experiencing a significant bullish run that spanned several weeks and led to its current all-time high of almost $112,000. ‘MelikaTrader94’, the TradingView crypto analyst responsible for this new technical analysis, predicts that during this cooling period, bears could take over and send the Bitcoin price crashing down to former lows under $100,000.  Related Reading: Bitcoin Price Crash Below $100,000 Still Possible: Analysts Issue Downtrend Warnings On a 4-hour chart presented by the analyst, Bitcoin has consistently respected a descending trendline acting as a strong resistance threshold. This line, which formed after the recent peak, has now rejected price action multiple times, preventing further upward movement and hinting at growing bearish pressure in the short term.  At the time of the analysis, Bitcoin was trading at $106,432, attempting to test the descending trendline once again. However, the chart shows that BTC lacks strong momentum, suggesting that another rejection is likely. If this rejection occurs, BTC’s price action is expected to correct downward toward the $99,000 region, marked on the chart as a key horizontal support zone.  Bitcoin’s projected pullback is consistent with typical market behavior, especially after an extended bullish phase. Based on the TradingView expert’s analysis, a drop to the $99,000 support level could shake out weak hands and provide fresh buy-dip opportunities for traders. While the structure of the projected downward move is not entirely bearish, it suggests a necessary retest of lower support areas before any sustainable rally can resume.   Bullish Continuation Expected After Pullback MelikaTrader94 has suggested that correcting down to the $99,000 support zone is critical for determining Bitcoin’s next rally. If this crash successfully occurs and buyers step in to defend the support, BTC could begin forming a strong bullish continuation structure.  Related Reading: Bitcoin Price Crash: Why $107,500 And $103,500 Are The Levels To Watch The TradingView analyst’s chart outlines a possible rebound from the support area, which could trigger a breakout above the descending trendline. A sustained move above this trendline would potentially invalidate the short-term bearish structure and set the stage for a new all-time high, with price targets extending beyond $114,000.  Notably, Bitcoin’s consolidation around its current price of $104,500, followed by a possible dip to the well-established support zone, fits the analyst’s narrative that the market is preparing for a big move. The TradingView expert has urged investors and traders to keep an eye out for a strong bounce, as this projected pullback could be a healthy one that comes just before a bullish leg up. Featured image from Getty Images, chart from Tradingview.com

Bitcoin is drifting just above $105,000 on June 5, its lowest realized volatility in almost two years, yet Swan, the Los-Angeles-based “Bitcoin-only” financial services firm, contends the market is on the verge of its most radical re-pricing ever. The Last Chance To Buy? In a X thread on Wednesday night, the company argued that the familiar four-year boom-and-bust cadence is giving way to “the last rotation”—a silent transfer of coins from retail speculators to institutions whose investment horizons stretch decades. “People less committed to the long term are exiting […] and a whole new class of investors is entering,” Swan is quoting Michael Saylor, framing the hand-off from retail traders to corporate treasuries, ETFs and multinationals such as BlackRock and Fidelity. So far, 2025 has defied the script. The third calendar year of every prior cycle—2013, 2017 and 2021—delivered the vertical moves that defined those eras. This year has offered “big moves, but also shallower corrections and longer periods of sideways chop,” Swan writes, conceding that the price action “is boring people.” Related Reading: Bitcoin Signals Strength As Long-Term Holder Realized Cap Surges Past $20 Billion – Details The firm’s thesis is that boredom masks an invisible supply squeeze: long-time holders taking profits above $100,000 while “long-only buyers,” in Swan’s words, methodically absorb the float. “These corporations, they’re long-only buyers. Not traders of Bitcoin,” Swan argues, underscoring the firm’s view that coins migrating into corporate vaults are effectively removed from circulation. The thread portrays three intertwined rotations: Between entities – Trustees, lawyers and early adopters are exiting; ETFs, corporations and “sovereign-grade balance sheets” are stepping in. Between intentions – Speculation gives way to allocation. “This new wave of buyers isn’t speculating,” Swan writes. “They’re allocating.” Between generations. The Silent Generation hoarded gold; Boomers compounded in equities; Gen X surfed tech; now Millennials, “entering their peak accumulation years,” are “inheriting trillions—and they’re choosing Bitcoin.” Related Reading: Bitcoin Pauses Below $106K as Analyst Reveals Key Support Level To Watch Supply dynamics, Swan contends, make those rotations irreversible. “When long-term capital meets inelastic supply, the float starts vanishing,” the firm warns. “That’s when things get explosive.” The macro backdrop adds pressure: Swan points to a “rare and dangerous split” in which the US dollar is weakening even as bond yields surge—an environment, it says, that could funnel excess capital toward a neutral store of value. “This isn’t just the next cycle. It’s the end of an era,” Swan concludes. “If you’re selling now, understand you’re likely handing your Bitcoin to an institution that plans to hold it indefinitely. Once it’s gone, you’re probably never getting it back.” For Swan, the implication is stark. The apparent tranquility near $105,000 is less a sign of exhaustion than the quiet before a permanent liquidity event—one in which the marginal seller disappears, the marginal buyer never sells, and price must eventually mark higher to find equilibrium. “Think twice,” Swan advises would-be profit-takers. “The float is drying up. The buyers are built different. This is the last Bitcoin rotation.” If the firm is right, history is not repeating so much as culminating, and the market’s current stillness may soon be remembered as the eye of a generational storm. At press time, BTC traded at $104,605. Featured image created with DALL.E, chart from TradingView.com

Singapore-based trading desk QCP Capital says the options market is sending an unmistakable signal: large players are quietly positioning for a break to $130,000 by the end of Q3, even as spot Bitcoin languishes near $105,000. $130,000 Bitcoin Bets Heating Up In a note to clients on Wednesday, the firm highlighted “a surprise uptick in job openings” that lifted risk appetite across equities, nudging the S&P 500 toward the psychologically charged 6,000 mark. “A steady NFP would cement the Fed’s narrative of a resilient labour market, reinforcing expectations that rates will remain on hold,” QCP wrote, adding that front-end Bitcoin volatility has already “slipped below 40 vol” as traders park on the sidelines before Friday’s payroll print. Despite the calm surface, options flows tell a livelier story. “September $130K calls were lifted at 47 vol,” QCP observed, pointing to “pockets of topside interest heading into Q3.” With the one-month volatility term structure now flatter than at any point since May, opportunistic funds have found it inexpensive to buy long-dated vega while selling short-dated gamma. The dynamic mirrors a broader decline in equity volatility—VIX is plumbing its own three-month lows—and has left Bitcoin’s implied curve looking “wholly normalised,” QCP noted, with skew suggesting “little directional conviction” in the near term. Related Reading: Bitcoin Price Crash: Why $107,500 And $103,500 Are The Levels To Watch That benign backdrop may not last. The desk warned that tariff frictions and Washington’s so-called “Big Beautiful Bill” could roil macro data just as the US debt-ceiling saga re-enters the headlines. “In the absence of a clear catalyst, BTC is unlikely to break materially out of its current range,” the note said, but Q3 “could prove more challenging” as fiscal risks and trade tensions “introduce potential headline volatility.” China has already flashed early signs of stress: futures volumes in 10- and 30-year Chinese government bonds have fallen to their lowest levels since February, a fact QCP attributes to “broader risk aversion and sidelined positioning.” Meanwhile, markets await any progress on an anticipated Xi-Trump dialogue—an event that could shift sentiment on tariffs. For now, however, Bitcoin remains pinned. Spot has hugged the $105,000 handle for five straight sessions, open interest is light, and realized volatility has compressed into a mid-teens annualized band—conditions that historically precede a sharp expansion. Whether that expansion resolves higher or lower hinges on the very catalysts traders are bracing for: payrolls data, central-bank rhetoric, and the tariff announcements that dominated headlines earlier in the year. Related Reading: Bitcoin 3–5 Year Holders Slow Selloff—Waiting for Higher Prices? Yet the willingness of sophisticated desks to pay up for September upside is hard to ignore. A cluster of large prints in the $130,000 strike, executed at implied vols roughly seven points above the prevailing curve, suggests at least some investors expect Bitcoin to test new highs before month-end September. QCP stops short of endorsing the trade outright but underscores the asymmetry: “With vols crushed and skew flat, the cost of owning topside gamma has rarely looked this attractive,” the firm writes. That calculus—cheap optionality against a potentially volatile macro backdrop—explains the growing divergence between spot lethargy and options optimism. If the payroll report arrives soft, the Fed pivot narrative could re-ignite; if tariff negotiations sour, Bitcoin’s digital-gold appeal may resurface. Either path feeds volatility, and volatility is precisely what long-vega buyers are banking on. At press time, BTC traded at $104,648. Featured image created with DALL.E, chart from TradingView.com

Bitcoin price started a fresh decline and tested the $104,200 zone. BTC is now consolidating and might struggle to clear the $106,800 resistance zone. Bitcoin started a consolidation phase above the $104,000 zone. The price is trading below $106,000 and the 100 hourly Simple moving average. There is a bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,800 resistance zone. Bitcoin Price Dips To Support Bitcoin price started a fresh decline and traded below the $105,650 support zone. BTC even traded below the $105,200 level and tested the $104,200 zone. A low was formed at $104,279 and the price is now consolidating losses. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. Bitcoin is now trading below $106,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $104,450 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $105,500 level. It is close to the 50% Fib retracement level of the recent decline from the $106,820 swing high to the $104,279 low. The first key resistance is near the $106,220 level. The next key resistance could be $106,800. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $107,500 resistance level. Any more gains might send the price toward the $110,000 level. More Losses In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $104,500 level and the trend line. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $104,200, followed by $103,200. Major Resistance Levels – $105,500 and $106,800.

Despite the recent rally to a new all-time high (ATH) of $111,900, crypto analysts have warned that the Bitcoin price could still witness a massive crash that will send it below $100,000. These analysts highlighted fundamentals and technicals that could spark this price crash.  Analysts Highlight Why Bitcoin Price Could Still Crash Below $100,000 In a TradingView post, crypto analyst Stephan mentioned the geopolitical tensions, with the Russia-Ukraine conflict intensifying as one of the factors that could spark the Bitcoin price crash. He explained how this conflict could drive investors toward safe-haven assets, such as gold. The analyst also noted that Bitcoin ETFs experienced modest outflows last week. Related Reading: Bitcoin Price Crash To $104,000: What You Need To Know In June Stephan’s accompanying chart showed that the Bitcoin price could drop to as low as $96,765 as it retests the psychological $100,000 support level. Crypto analyst Nova also warned that Bitcoin could drop to $100,000 while providing a technical analysis of the flagship crypto’s current price action.  In a TradingView post, Nova stated that if the Bitcoin price faces resistance around the $106,406 daily level and continues to correct, it could extend the decline to retest the psychologically important $100,000 mark. She further revealed that the Relative Strength Index (RSI) on the daily chart is at 53, trending downwards to the neutral level of 50. This indicates weakening bullish momentum. Nova also stated that the Moving Average Convergence Divergence (MACD) showed a bearish crossover last week. Meanwhile, the analyst alluded to the increasing red histogram bars below the baseline, which she claimed further signal a potential correction ahead. Her accompanying chart showed that the Bitcoin price could drop to $99,000 as it retests the $100,000 level.  Crypto analyst Kevin Capital also called for caution at the current Bitcoin price level. He stated that nothing has changed for the flagship crypto and indicated that there was no need to be ultra bullish at this current level. The analyst earlier warned that things could get sketchy looking for BTC if it fails to reclaim $106,800 soon enough.  BTC Could Still Rally To $135,000 This Year In an X post, crypto analyst Titan of Crypto raised the possibility of the Bitcoin price rallying to $135,000 this year. He noted that BTC has broken out of a right-angled descending broadening wedge, and if the price holds above the breakout zone, $135,000 becomes a realistic target. The analyst added that the structure is clean.  Related Reading: Head And Shoulders Pattern Says Bitcoin Price Is Headed Down Toward $95,000 Crypto analyst Mikybull Crypto stated that the Bitcoin price is gearing up for a new all-time high. He further remarked that $120,000 remains a magnet for the flagship crypto in this market cycle. Meanwhile, veteran trader Peter Brandt predicted that BTC could reach $150,000 by late summer 2025.  At the time of writing, the Bitcoin price is trading at around $105,400, down in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Bitcoin’s current price action is marked by a consolidation around the $105,500 price level. Although it reached an intraday high of $106,807, it has since returned to $105,500, and its dominance also witnessed a minor fall. Notably, Bitcoin’s dominance metric, the BTC.D, which measures its share of the total crypto market capitalization, has stalled around the 64% level in recent weeks. This stalling behavior drew attention from a certified market analyst, especially in light of many altcoins struggling to gain momentum in an environment dominated by Bitcoin’s inflow. BTC Dominance Hits Resistance, Candlestick Flash Warnings According to certified Level III CMT analyst Tony “The Bull” Severino, the 64% region on the Bitcoin Dominance (BTC.D) chart could mark a meaningful reversal point. Sharing his insights alongside a technical chart of Bitcoin’s market cap dominance on the monthly timeframe, Severino pointed out that the latest monthly candlestick formed a Doji right at the bottom of a previous Falling Window.  Related Reading: Altcoin Season: Bitcoin Dominance Reaches Critical Level Above 64% In Japanese candlestick theory, such “windows” are not just gaps to be filled but serve as critical zones of support or resistance. The fact that BTC.D formed a Doji candle precisely at this window, according to Severino, is a textbook reaction suggesting the dominance rally may be losing strength. This candlestick structure brings the focus onto how the current monthly candlestick plays out. If the current monthly candle becomes an Evening Star candlestick and closes below 62%, the odds of Bitcoin dominance rolling over increase significantly.  Altcoin Season Not Quite There Yet As noted by Tony, if Bitcoin’s dominance candlestick this month forms an Evening Star pattern and closes below 62%, it has a high possibility of marking the end of the cryptocurrency’s current dominance. However, the analyst added a key caveat: the BTC.D Relative Strength Index (RSI) closed the previous month above 70, still suggesting strong momentum and keeping the larger trend in flux. Related Reading: Is Altcoin Season Over Or It Never Started? Here’s What Historical Data Says Despite these early signals, Severino warned against jumping the gun. Although the technical evidence points to a possible short-term reversal in dominance, he clarified that it does not necessarily guarantee a full-fledged altcoin season. In his words, “I am still not of the mindset that we will get a typical altcoin season, but I am seeing some of the first signs that BTC.D might reverse here.” For now, Bitcoin continues to hold steady above $105,000, and until BTC.D breaks convincingly below 62%, the cryptocurrency is in dominance. Nonetheless, the altcoin market could soon be looking at its first real window of opportunity in months. At the time of writing, Bitcoin is trading at $105,500, down by 0.1% in the past 24 hours. Bitcoin dominance is currently at 63.1%, down by 0.57% in the past 24 hours. Ethereum, on the other hand, increased its market share by 2.13% to 9.6%. Featured image from Adobe Stock, chart from Tradingview.com

Traders are betting big on Bitcoin soaring to $300,000 by the end of June 2025, but is this bold options strategy a smart move or a high-risk gamble?

The Bitcoin price is still ping-ponging between support and resistance, but is still moving in favor of the bulls at this point. This is due to the fact that the price is still holding well above $100,000, and this is a psychological level that could be a determinant of a bull or bear move. Amid this, crypto analyst Xanrox believes that the Bitcoin price is headed down after hitting its new all-time high close to $112,000, and this downtrend would push altcoins down further. Why The Bitcoin Price Is Breaking Down The reason for the Bitcoin price decline, as outlined by the crypto analyst, is that the leading cryptocurrency is actually breaking down out of an ascending parallel channel that was formed while the price moved from $74,000 to $112,000. This was seen in the initial downtrend that sent Bitcoin from $111,000 down to $103,000, before the relief rally. Related Reading: Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off In addition to the ascending channel, the crypto analyst also points out the formation of a symmetrical triangle inside the channel. This is also important to keep an eye on since symmetrical triangles are known for sweeping liquidity. While these liquidity sweeps are not one-sided, it is still notable as it can sweep liquidity above and below the triangle. Probabilities of the direction of the liquidity sweep increase in a direction depending on whether the bears or bulls are currently dominating. Xanrox also explains that the Bitcoin price has already completed the five full waves of the Elliot Wave theory, and as such, the next thing is a corrective ABC wave. In this case, it is expected to fall back to the 0.382, 0.500, and 0.618 Fibonacci levels again. Where To Start Buying With the expectation that the Fibonacci levels will fall to 0.382, then 0.500, and then 0.618, the first culprit for where the Bitcoin price is expected to fall to is just below $98,000. At this level, the crypto analyst believes that it is time to start buying. In addition to the chart formations, Xanrox also calls out an unfilled Fair Value Gap (FV) at this level, and once it fills, it is a great level to start buying before the next wave to the upside. Related Reading: Ethereum Price At $8,000: Pundit Predicts Parabolic Run For ETH If this decline does happen, then altcoins are expected to actually fall further from here. This would put them at great buy levels as well, especially as altcoins are sitting so close to all-time low levels. However, after the first FVG is filled and there isn’t strong momentum, the second Fibonacci level at 0.500 puts the Bitcoin price at $92,000. Meanwhile, the third and last Fibonacaill level at 0.618 puts it as low as $87,500. “Usually we want to look for a buying opportunity at the 0.382, 0.500, or 0.618 FIB levels,” the crypto analyst explained. Featured image from Dall.E, chart from TradingView.com

As the Bitcoin (BTC) price stabilizes 5% below its all-time high of $111,800, which was reached last week, predictions of further price declines have emerged. More surprisingly, one expert claims that all of BTC’s history is a “staged illusion,” which could cause it to dip toward the $10,000 mark for the first time in nearly five years. Expert Alleges Bitcoin’s Rise As ‘Largest Bubble In History’ Jacob King, the CEO of the news aggregator Whale Whire, took to social media to assert that Bitcoin’s trajectory is a carefully constructed illusion, designed to convey a sense of institutional commitment and government endorsement, thereby fostering the illusion of a thriving market driven by authentic demand.  King’s bold claim characterized Bitcoin’s current state as the “largest bubble in human history,” poised to unfold as a monumental financial scandal. Of course, this is only King’s opinion based on his analysis. Related Reading: XRP Sell-Off Rumors Swirl After Expert Questions Ripple’s War Chest The narrative King presented delves into the web of interconnected entities that allegedly manipulate the cryptocurrency market. Drawing attention to the case of El Salvador’s purported Bitcoin investment, King highlighted discrepancies in the narrative, alleging that a significant portion of the country’s Bitcoin reserves had not been acquired through legitimate means but rather transferred from Bitfinex and Tether.  This alleged manipulation, according to King, extends to the very core of the industry, with entities like Tether orchestrating alleged schemes to bolster liquidity and fabricate a façade of institutional backing. Alleged Bitcoin Market Manipulations The unraveling of these alleged machinations, as per King’s assertions, casts doubt on the authenticity of Bitcoin’s growth and the legitimacy of the broader cryptocurrency ecosystem.  King’s narrative underscores a network of “intertwined interests,” where figures like Michael Saylor, founder of the Bitcoin proxy firm Strategy (previously MicroStrategy),  are depicted as integral players perpetuating a cycle of “leverage and speculation” rather than genuine investment in BTC. Furthermore, King’s reflections extend to the role of stablecoins like Tether’s USDT in propping up the Bitcoin market, creating a “fragile ecosystem” wherein the value of stablecoins could potentially surpass that of traditional fiat currencies.  Related Reading: Stablecoins Ignite Record-Breaking May, Supply Jumps To $244B – Data The intricate interplay between Tether’s activities and Bitcoin’s stability, according to King, forms a precarious foundation susceptible to collapse in the face of regulatory scrutiny and diminishing institutional interest. All around, King issued a stark warning about a potential nosedive in Bitcoin’s value, suggesting that the cryptocurrency might plunge towards the $10,000 threshold for the first time in almost half a decade.  Expressing skepticism regarding the sustainability of Bitcoin’s current price levels, King portrayed a market on the verge of a substantial correction. If this ominous forecast materializes, it would signify a profound shift in Bitcoin’s valuation, departing from the lofty peaks it has recently scaled. As of this writing, the market’s leading cryptocurrency trades at $105,788, recording a 3% retrace in the weekly time frame. Still, Bitcoin holds to gains of over 52% in the year-to-date period.  Featured image from DALL-E, chart from TradingView.com 

On-chain data shows the veteran investors of the Bitcoin market have shown exhaustion recently, but they still hold 11.9% of the supply. 3-5 Year Old Bitcoin Holders Have Slowed Down Their Selling In a new post on X, the on-chain analytics firm Glassnode has talked about the latest trend in the Realized Cap of the 3 to 5 years old Bitcoin investors. The “Realized Cap” here refers to an indicator that measures BTC’s total value by assuming the ‘real’ value of any token in circulation is equal to the price at which it was last transacted on the blockchain. Since the previous transfer for any coin is likely to correspond to the last point at which it changed hands, the price at the time could be considered as its current cost basis. Thus, the Realized Cap is nothing, but the sum of the acquisition prices of all tokens part of the circulating supply. Related Reading: Bitcoin Could Go ‘Bananas’ If Price Closes Above This Level, Top Analyst Says In other words, the indicator represents the total amount of capital that the investors as a whole used to purchase their coins. A modified version of the metric, known as the Realized Cap HODL Waves, keeps track of the same, except for just a particular segment of the sector. In the context of the current discussion, the investor cohort of interest is the 3 years to 5 years one. This group includes all the holders who have been keeping their coins dormant since between three and five years ago. Now, here is the chart for the Realized Cap of the cohort shared by the analytics firm that shows the trend in its value over the last couple of years: As displayed in the above graph, the Bitcoin Realized Cap controlled by the 3 years to 5 years investors hit an all-time high (ATH) share of 15.7% back in November. But soon after this peak formed, these investors started a sharp selloff, taking advantage of the profitable opportunity that the rally presented. Then in January, the group paused its selling, but resumed it again in April, suggesting some of these resolute hands took the exit door during the latest price rally. A zoomed in view of the chart reveals, however, that the selling may have most recently hit a state of exhaustion once more. That said, while the supply has shown the start of a potential sideways phase, it doesn’t mean that the 3 years to 5 years investors no longer pose a threat to Bitcoin. The cohort still holds 11.9% of the asset’s Realized Cap, which is quite significant. Related Reading: Solana Down 13%, But This Indicator Just Turned Bullish These diamond hands are likely waiting for higher prices, so it’s possible that this supply would start being distributed if the bull run continues, perhaps acting as a source of resistance. BTC Price At the time of writing, Bitcoin is trading around $105,800, down over 3% in the last seven days. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now recovering and facing hurdles near the $107,000 zone. Bitcoin started a recovery wave above the $105,000 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $104,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $107,000 resistance zone. Bitcoin Price Faces Hurdles Bitcoin price started a fresh decline and traded below the $105,500 support zone. BTC even traded below the $105,500 level and tested the next support at $103,200. A low was formed at $103,200 and the price is attempting a recovery wave. There was a move above the $104,500 level and the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. The price even cleared the $105,000 resistance. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $104,050 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $106,850 level. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. The first key resistance is near the $107,000 level. The next key resistance could be $107,800. A close above the $107,800 resistance might send the price further higher. In the stated case, the price could rise and test the $109,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $107,000 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,000 level and the trend line. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $105,000, followed by $104,000. Major Resistance Levels – $107,000 and $107,800.

Tom Lee, Fundstrat’s head of research, says Bitcoin could climb to $250,000 by the end of 2025. According to an interview on CNBC’s Squawk Box today, Lee pointed out that Bitcoin recently dipped from its all-time high of $111,970 down to about $104,000. He still thinks that the market is holding up around that level. Related Reading: Bitcoin Maxi Max Keiser Isn’t Buying The Hype Around New Crypto Holding Companies Lee’s Short-Term Outlook Lee told Squawk Box’s host Joe Kernen that 95% of all Bitcoin—about 19.80 million coins—has already been mined out of a maximum of 21 million. That leaves roughly 1.13 million coins waiting to be produced. He sees that as a tight supply setup. He also noted that while nearly all Bitcoin exists, 95% of the global population does not own any. Based on reports, that gap between supply and potential buyers could push prices higher in the months ahead. To reach $250,000 from around $104,000 now, Bitcoin would need to jump about 140%. Lee still believes it can hit $150,000 by December and could even stretch toward $200,000 to $250,000 if demand heats up. Supply And Demand Gap Lee highlighted the fact that most people in the world have not bought any Bitcoin. He said this creates an imbalance. On one side you have a nearly fixed supply. On the other, there may be millions of new buyers in the next 10 years. He explained that if even a fraction of those people decide to buy Bitcoin, the price could move a lot higher. Right now, only about 5% of all coins remain to be mined. That means new supply is slowing down fast. At the same time, more wallets, apps, and easy ways to buy could bring in fresh money. Lee thinks this mismatch is a big part of why Bitcoin could keep climbing. Long-Term Valuation Targets When asked about Bitcoin’s terminal value—meaning its price when all coins are mined by 2140—Lee said he expects it to match gold’s roughly $23 trillion market cap. That works out to at least $1.15 million per Bitcoin if there are 20 million coins in circulation. He chose 20 million instead of 21 million because assumed losses (lost keys, forgotten wallets) mean not every coin will ever be spent. Lee went further, saying he sees room for Bitcoin to hit $2 million or $3 million per coin. That would put his average “bull case” at $2.5 million, which is roughly a 2,300% rise from today’s levels. Related Reading: XRP Could Transform Your Finances Long Before $10K, Angel Investor Says Other Analyst Projections VanEck’s head of digital asset research, Matthew Sigel, also has a long-range prediction. Based on what Sigel told investors, VanEck sees Bitcoin hitting $3 million by 2050. That forecast lines up with Lee’s idea of Bitcoin matching or even beating gold over time. Both calls assume steady growth in demand, plus wider use by big institutions like hedge funds or pension plans. Featured image from Gemini, chart from TradingView

The Bitcoin price crash is in focus following the flagship crypto’s recent drop to as low as $103,700. Crypto analyst Captain Faibik has commented on why $107,500 and $103,500 are the most important levels to watch as BTC looks to decide its next move.  Why $107,500 & $103,500 Are Key For The Bitcoin Price In an X post, Captain Faibik explained that $107,500 and $103,500 are key as the bulls and bears battle to dictate the next move for the Bitcoin price. The analyst noted that later this week, BTC bulls will attempt to reclaim the $107,500 resistance and regain momentum.  Related Reading: Bitcoin Price Risks Break Down To $92,000 As It Enters Accumulation Phase He predicted that a clean break and hold above $107,500 could trigger a bullish leg toward the $117,000 level, which would mark a new all-time high (ATH) for the flagship crypto. Meanwhile, on the other hand, $103,500 is an important support level which the bulls must defend as the Bitcoin price eyes new highs. Captain Faibik warned that a breakdown below could shift momentum back in favor of the bears.  The Bitcoin price had surged above $106,000 on May 2 following news about the US decision to extend its pause of tariffs on some Chinese goods to August. This provided a bullish outlook for the flagship crypto after Donald Trump stated last week that China had violated the trade deal with the US.  Trump and China’s president are set to have a call later this week, which could further boost the Bitcoin price if both sides could resolve any dispute regarding the current trade deal. Meanwhile, Fed Chair Jerome Powell failed to discuss the economy during his speech at the International Finance Division Anniversary Conference, which also continues to fuel market uncertainty.  First Step For BTC Is To Get Back Above $106,500 In an X post, crypto analyst Kevin Capital indicated that the first step is for the Bitcoin price to successfully reclaim $106,500. He noted that BTC had recorded a weekly close below this level, which puts the flagship crypto back in the danger zone. The analyst further remarked that BTC needs to get back above this level in the coming days or things can get “sketchy looking.” Kevin Capital added that this has been a key level for months, and nothing has changed.   Related Reading: Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says Meanwhile, crypto analyst Titan of Crypto revealed that a Katana is forming on the weekly chart for the Bitcoin price. He explained that in Ichimoku analysis, a Katana forms when Tenkan and Kijun overlap. This signals low momentum and market equilibrium. He added that this development also precedes strong directional moves, with an expansion or pullback on the horizon.  At the time of writing, the Bitcoin price is trading at around $105,435, up in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com

Crypto analyst Doctor Profit has risen in fame for making multiple near-perfect calls for the Bitcoin price. He had predicted the Bitcoin decline from $109,000 back down and then called a bottom at $77,000, predicting the BTC price would bounce to new all-time highs, which it did. Now, with the Bitcoin price recoiling from hitting a new all-time high above $111,000, the crypto analyst is back with next steps and where the cryptocurrency could be headed from here. Why The Bitcoin Price Golden Cross Matters In his X post, Doctor Profit starts out by explaining the psychology of the current market, calling out those who continue to call out for a bear market. He refers to these people as ‘exit liquidity’ for the real players, hinting that they’re wrong for their stance. Rather, he points out an important formation in the Bitcoin price chart and that is the Golden Cross, which appeared last week. Related Reading: 312 Million Dogecoin Moved To Coinbase – What’s Going On? The analyst calls the appearance of this Golden Cross “a macro-level signal with historic accuracy.” He explains that since this signal is so rare, but has been right every time, there is no reason to deviate from it. Also, he further explains that the Golden Cross has always been a long-game signal. Hence, results are not expected to start showing so early. The Golden Cross pattern had appeared on the weekly chart, and the crypto analyst highlights its historical accuracy. Each time that the Bitcoin price has formed this Golden Cross, it has usually led to a multi-month rally. If this is the case this cycle, then it suggests that the Bitcoin bull run is far from over. Don’t Worry About The Bears After the Golden Cross pattern appeared, another concerning development had taken place on the Bitcoin price chart and that is a bearish divergence on the weekly timeframe. Normally, this means an end to the rally and that the price could start to plummet. However, the crypto analyst seems unfazed by this. He refers to a similar bearish divergence appearing when the Bitcoin price was trading at $80,000 and nothing happened. Since the cryptocurrency had continued its bullish run at that point, the analyst takes this as a hint that the bearish divergence is lagging and only appeared due to Donald Trump’s tariff announcement last week. “No actionable value here,” Doctor Profit said. Things To Watch Out For So far, Doctor Profit attributes the drawdown in the Bitcoin price to “standard cycle behavior.” This includes profit-taking from short-term holders who bought in the last six months, while long-term holders remain unmoved. Another bullish factor includes the fact that BlackRock’s outflows remain low despite Trump’s renewed tariff war. Related Reading: Bitcoin Still Bullish, But $200,000 Off The Table And $137,000 In Sight Formations on the Bitcoin price chart that show bullish tendencies include a Cup and Handle pattern on the daily chart that puts the breakout zone between $113,000 and $115,000. Also, the Bitcoin price has been recording higher highs and higher lows after recording its bottom at $74,000, which shows trend support remains strong. The Bitcoin price is also trading above all major moving averages (MAs), including the 20-day, 50-day, and 200-day moving averages. Last but not least, Doctor Profit also pointed out that the MACD line has crossed above the signal line on the weekly chart. This means that momentum remains in favor of the bulls. Given this, the analyst believes “there is no reason to be scared at all.” Featured image from Dall.E, chart from TradingView.com

Strategy (previously MicroStrategy), the Bitcoin (BTC) proxy firm led by Michael Saylor, has made headlines again with its latest acquisition of the market’s leading cryptocurrency.  In a Monday filing with the US Securities and Exchange Commission (SEC), the company revealed that it purchased an additional 705 BTC between May 26 and June 1, bringing its total holdings to 580,955 coins. Strategy Continues Bitcoin Buying Spree This recent acquisition was made at an aggregate cost of $75.1 million, translating to approximately $106,495 per Bitcoin. Overall, Strategy’s Bitcoin investments now amount to around $40.68 billion, averaging about $70,023 for each token. Following the announcement, Strategy’s stock, MSTR, rose 0.9% to $372.72, while the broader market showed mixed results, with the S&P 500 and the tech-heavy Nasdaq Composite gaining 0.4% and 0.7%, respectively. Related Reading: $3 XRP Dream Delayed—No Bull Run Before November, Says Top Analyst Though the latest purchase is significant, it is not among the largest on record for the company, which has typically acquired thousands of Bitcoin in a single transaction. The smallest acquisition to date occurred in March, when MicroStrategy purchased just 130 tokens as the price of BTC remained below $85,000. Strategy’s recent buying spree comes amid ongoing macroeconomic uncertainties that have affected cryptocurrency prices. Despite Bitcoin reaching a new all-time high of $111,8000 last week, the cryptocurrency has retraced nearly 6% from its record.  Nevertheless, the company has consistently taken advantage of the cryptocurrency’s price dips, marking its eighth consecutive week of Bitcoin purchases, ignoring any price fluctuation. Arkham Tracks 97% Of Saylor’s Holdings In a social media update on Sunday, Saylor hinted at the impending announcement, and on Monday, he shared details about the latest acquisition, stating that Strategy has achieved a Bitcoin yield of 16.9% year-to-date as of June 1, 2025. However, according to blockchain analysis platform Arkham Intelligence, Strategy’s holdings may be even larger than reported, estimating them at nearly 625,000 BTC, valued at approximately $59.92 billion. This estimate includes 70,816 BTC identified by Arkham, which highlights the significant assets held by the company. Related Reading: Ethereum Poised For A 5-Figure Breakout – Volatility Is Shaking ‘Weak Hands’ Arkham noted that it has tracked 97% of Saylor’s Bitcoin holdings, emphasizing that this is the first public acknowledgment of such substantial assets. They clarified that 87.5% of Strategy’s reported holdings consist of Bitcoin, with a portion held in Fidelity Digital’s omnibus custody.  Previously, the firm identified about 107,000 BTC that were sent to Fidelity deposits, which are not listed under the Strategy entity due to Fidelity’s custody practices. In total, more than 327,000 BTC are held by Saylor’s Bitcoin proxy firm in segregated custody within the Strategy entity, further solidifying the company’s position as a significant player in the cryptocurrency market. Featured image from DALL-E, chart from TradingView.com 

An analyst has explained how Bitcoin has been tracking Gold for a while now, which could provide hints about what may be next for BTC. Bitcoin Has Been Following In Gold’s Footsteps on 2-Day Timeframe Last year, Capriole Investments founder Charles Edwards shared in an X post how Bitcoin was following the same structure as the Gold all-time high (ATH). Below is the chart that the analyst posted back then. From the graph, it’s visible that BTC was consolidating at its 2021 ATH in a manner similar to Gold’s movement around the 1980 ATH. The latter’s consolidation ended with it breaking out and rallying to a point two times higher. Related Reading: Solana Down 13%, But This Indicator Just Turned Bullish In a new post, Edwards has shared a late update on how things ended up playing out for Bitcoin. As the consolidation around the respective ATHs already hinted, there indeed ended up being some similarity between the breakouts for the prices of the two assets as well. But this is all in the past, where does the latest Bitcoin price action stack up against Gold? Here is another chart posted by the analyst, highlighting the point BTC is currently at: As Edwards has highlighted in the graph, BTC’s breakout since the consolidation phase around the ATH has continued to resemble Gold’s, except for the fact that BTC’s volatility has been roughly twice as high, in terms of both upward and downward moves. That said, the cryptocurrency’s latest close has looked less promising than what the precious metal displayed at a similar stage in its structure. It’s possible that the two could diverge from here, but in the case that they don’t, Gold’s path may provide a glimpse into what could lie ahead for the coin. As is apparent from the chart, the traditional safe-haven asset saw a significant surge from this point. Based on this, the analyst has noted, “close back above $110K and this will probably go bananas.” It now remains to be seen how things would play out for Bitcoin in the near future. Related Reading: Crypto Bulls See $644M Bloodbath As Bitcoin Dips Below $105,000 In some other news, the institutional DeFi solutions provider Sentora has shared data related to how the cryptocurrency’s supply is currently distributed among the various segments of the sector. It would appear the individual investors control around 69.4% of the total potential Bitcoin supply. The ETFs and other funds own around 6.1%, while businesses about 4.4%. About 7.5% of all BTC that there ever will be has already been lost due to missing keys and/or being forgotten. BTC Price At the time of writing, Bitcoin is trading around $104,200, down more than 4% in the last week. Featured image from Dall-E, Sentora.com, charts from TradingView.com

Bill Barhydt, the founder and chief executive of crypto-banking platform Abra, set Crypto-X alight over the weekend by reposting a collage of global M2-versus-Bitcoin charts first popularised by macro investor Raoul Pal and researcher Julien Bittel. “I’ve seen over a dozen posts with different versions of the global liquidity M2 vs Bitcoin price chart – I’ve attached several here. Credit @RaoulGMI and his colleague @BittelJulien for discovering the trend,” he wrote. “Most of these charts predict a dip over the coming days to around $100 k and then a move to new ATH of $130 k in August/September … Or this could all be horseshit. Whatever.” Will Bitcoin Follow M2? Expanding on the macro backdrop, Barhydt argued that “global liquidity needs to rise significantly in the coming months. Bitcoin remains the mother of all liquidity (re: debasement) sponges.” He framed the asset’s reflexivity in stark terms: as fiat supply grows, Bitcoin absorbs the monetary excess, and the resulting gains “will most likely spill over into other L1 platforms and then ultimately speculative alts – the proverbial alt season.” Related Reading: Bitcoin Tipped For $340,000 Target If This Support Level Holds – Details Even so, he cautioned traders against complacency. “Watch your leverage, touch grass and please please be civil,” Barhydt advised, noting that the anticipated pull-back could be a gentle pause or a swift capitulation toward $95,000 before any summer rally materialises. When a follower fretted that the model might already be overcrowded, Barhydt dismissed the idea that positioning had reached critical mass: “I’ve thought about that but we’re talking about trillions of dollars and billions of people. There might be thousands of people focused on this but not more. Even then retail writ large isn’t focused on crypto right now.” Related Reading: Bitcoin Warning: Bull Trap Or $270,000 Rocket? Analyst Exposes What’s Coming A second critic complained that the liquidity data “is not collected on a timeframe that would predict daily moves.” Barhydt concurred, replying: “I completely agree. Hence the ‘whatever’ reference. It’s macro directional on a weekly scale at best. But in that regard it’s been a very good tool.” The liquidity-first thesis still has heavyweight backers. Pal recently told Real Vision subscribers that “liquidity is the single most important driver of all asset prices,” estimating that rising world-money supply accounts for up to 90% of Bitcoin price action, while Bittel’s latest update pegs global M2 near a record $111 trillion – a level he says leaves Bitcoin “still going higher.” Whether those macro tailwinds propel Bitcoin to the $130,000 target or prove, in Barhydt’s own words, to be “horseshit” will depend on how briskly central banks resume balance-sheet expansion and how aggressively traders deploy leverage in the weeks ahead. For now, Barhydt’s call serves as both roadmap and reality check: the next swing could be explosive, but the model is only as good as the liquidity it tracks. At press time, BTC traded at $104,625. Featured image created with DALL.E, chart from TradingView.com

Bitcoin’s bullish momentum has somewhat faded after reaching an all-time high of $111,000 on May 22, casting doubt on the sustainability of the rally. Bitcoin has pulled back slightly after its record-setting push, and analysts are split on what this means for its price action going forward.  Interestingly, not everyone is convinced the recent all-time high reflects genuine strength. One of the most notable voices challenging this is certified crypto expert Tony “The Bull” Severino, who warned that Bitcoin’s move may not be as solid as it looks on the surface. In his assessment, Tony Severino argues that the breakout to $111,814 lacks the technical confirmation usually associated with a true bullish breakout. He noted that while BTCUSD did print a new high, other major trading pairs did not follow suit. Failed Breakout Indicates Weakness Rather Than Strength Particularly, Bitcoin failed to reach a new all-time high against currencies such as the Euro, British Pound, Japanese Yen, and the Swiss Franc. The same applies to BTC/XAU, Bitcoin’s price measured against gold, which currently lags far behind its former peak of 41 ounces per Bitcoin. At the time of writing, that pair is still hovering at 32 ounces, a significant difference that suggests the upward momentum is isolated to the US Dollar. Related Reading: Bitcoin Price Trend Above $100,000: The Good News And The Bad News This divergence leads Severino to argue that the move could be a byproduct of the USD’s weakness rather than Bitcoin’s strength. A true bullish breakout, he says, would have been evident across multiple currency pairs and asset benchmarks. His skepticism is further reinforced by the structure of the charts, as seen in the six comparative panels he shared on the social media platform X. Most of them show Bitcoin forming lower highs or simply failing to match the previous all-time level. For instance, Bitcoin priced in euros is still well below its peak of €105,890, currently trading around €93,229. Similarly, Bitcoin has failed to breach the 17 million mark against the Japanese Yen and now sits at ¥15.28 million. The same trend is repeated in the Swiss Franc and British Pound pairings, with BTC / Swiss Franc failing to cross 99,254 and BTCGBP forming a lower high at $78,228. These price actions make it difficult to argue that Bitcoin is in a universally strong position, particularly when measured in anything other than USD. Caution With Next Monthly Candle Open In conclusion, Tony Severino warns traders and investors not to be misled by the surface-level optimism that comes with a new all-time high in BTCUSD. A single breakout, especially one lacking confirmation from cross-pair strength and fundamental indicators, does not necessarily signal the start of a new wave five or a sustained bullish trend for the Bitcoin price.  Related Reading: Analyst Predicts Big Drop For Bitcoin Price As Bearish Pressures Mount After $111,000 ATH According to him, the May monthly candle close and the June monthly candle open will be important in determining the next direction. If the current indecision tilts bearish, technicals could teeter back bearish towards a larger correction. At the time of writing, Bitcoin is trading at $104,850 after reaching a 24-hour low of $103,832. This is a brief recovery from its June open of $104,646. Featured image from Getty Images, chart from Tradingview.com

The Bitcoin price has turned bearish after hitting a new all-time high above $111,000 back in May. This turn in the tide was expected as the rally put Bitcoin holders in massive profit, showing a risk of profit-taking that could tank the price. So far, the price is already down by 6% % from its all-time high and trending at $104,000 at the time of this writing. But as bears take control, it is likely that the decline is far from over, and the cryptocurrency could fall below 6-figures again. The Pathology Of The Bitcoin All-Time High A pseudonymous analyst who goes by Youriverse on the TradingView website has explained the movement of the Bitcoin price over the past few weeks and why the market has been moving the way it has. As he explains, Bitcoin has been exhibiting what is known as a textbook accumulation since the uptrend began in the second week of May. This accumulation was part of the reason why the cryptocurrency rallied to new all-time highs. Related Reading: Bitcoin Still Bullish, But $200,000 Off The Table And $137,000 In Sight At this time, the crypto analyst revealed that the Bitcoin price had seen more compression as it reached higher lows and resistance remained relatively flat. Additionally, the selling pressure that had rocked the Bitcoin price through the last few months due to the Donald Trump tariff wars had also waned at this time, putting the buyers in control of the price. The result of this is a possible ‘Power of 3’, which the analyst explains includes Accumulation, Manipulation, and Distribution. These three together were part of the reason that the Bitcoin price started moving upward. The resultant rally saw an initial push toward previous all-time high levels, and then subsequently, there was a push to a new all-time high above $111,000. However, the price action waned before Bitcoin could break $112,000. As a result of the dwindling upward pressure, a reversal was inevitable, and the Bitcoin price suffered a decline toward previous support levels at $106,000. However, this support has not held as it has since broken below this level, signaling “a notable shift in market structure.” Why A Decline To $92,000 Is Possible The analyst explained that the ‘Power of 3’ could be playing out right now, and this could see the price go further downward as larger investors dump on the lesser informed retail crowd. Furthermore, as the Bitcoin price continues to trend below the $106,000 support for longer, it increases the likelihood that the price could fall further. “The rejection above the ATH and the subsequent breakdown below $106K has introduced significant overhead supply, which may act as resistance in the near term,” the analyst said. Related Reading: Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-Of-Year Prediction Given this, he expects that the Bitcoin price could end up falling back to $100,000 and even reach as low as the mid-$90,000s. But if this happens, rather than triggering a bearish trend, it could mean an opportunity to buy, as this area could attract more liquidity and serve as a bounce-off point for another rally. “This potential pullback should not be viewed solely as a sign of weakness,” the analyst stated. “In many bull cycles, such corrections and shakeouts serve to flush out over-leveraged positions and reset sentiment, ultimately laying the groundwork for renewed upward momentum.” Featured image from Dall.E, chart from TradingView.com

Bitcoin price started a fresh decline and tested the $103,200 zone. BTC is now consolidating and might aim for a recovery wave above $106,000. Bitcoin started a fresh decline below the $106,500 zone. The price is trading above $105,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $105,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it clears the $106,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price started a fresh decline and traded below the $106,500 support zone. BTC even traded below the $105,500 level and tested the next support at $103,200. A low was formed at $103,200 and the price is now consolidating losses. There was a move above the $104,200 level and the 23.6% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. Bitcoin is now trading above $105,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $105,550 level. There is also a key bearish trend line forming with resistance at $105,550 on the hourly chart of the BTC/USD pair. The first key resistance is near the $106,000 level. The next key resistance could be $106,800. It is close to the 50% Fib retracement level of the recent decline from the $110,500 swing high to the $103,200 low. A close above the $106,800 resistance might send the price further higher. In the stated case, the price could rise and test the $108,000 resistance level. Any more gains might send the price toward the $110,000 level. Another Drop In BTC? If Bitcoin fails to rise above the $106,000 resistance zone, it could start another decline. Immediate support is near the $105,000 level. The first major support is near the $104,200 level. The next support is now near the $103,200 zone. Any more losses might send the price toward the $102,500 support in the near term. The main support sits at $101,200, below which BTC might gain bearish momentum. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $105,000, followed by $104,200. Major Resistance Levels – $106,000 and $106,800.

Bitcoin’s price action has drawn a sharp dividing line between long-term bullish expectations and short-term reality. After peaking above $111,000 in May, the Bitcoin price has entered a retracement phase and is now trading below $105,000. While some interpret the current downturn as a sign of a weakening trend, others see it as a textbook bullish correction.  Among them is crypto analyst MasterAnanda, whose latest chart suggests that Bitcoin is structurally strong enough to reach new highs, but it might fall short of the speculated $200,000 price target this cycle. Related Reading: No Room For Doubt: Analyst’s $900K Bitcoin Forecast Follows Familiar Script MasterAnanda Predicts Higher Low And $137,000 Target In his TradingView post, MasterAnanda stated clearly that Bitcoin is still in a bullish structure, but he believes a $200,000 peak is out of reach for this cycle. Instead, he identified $137,000 as the more realistic upside target when Bitcoin finally rebounds from the ongoing correction. According to the analyst, the formation of a higher low on the larger time frame will be an important confirmation that Bitcoin’s macro uptrend remains intact. He outlined $88,888.88 as an ideal retracement level to make this perfect higher low, because it aligns with the 0.618 Fibonacci level and comes in well above the prior bottom at $74,500 on April 7. Despite the current sell-off, MasterAnanda argues that the broader trend is healthy. “Bitcoin will never ever trade below $80,000 in its history again,” he declared, ruling out any deep reversal below the prior low. On the other hand, the analyst also noted that if Bitcoin holds above $100,000 to $102,000, this retracement would be considered minor, with price action still classified as bullish continuation rather than a breakdown. If Bitcoin bulls manage to keep prices trading above that area, it would suggest the current move is nothing more than a short-term dip. When that moment arrives, the bias will shift from short to long, and a rally to $137,000. However, a clean break below the $100,000 price level would mark a significant shift in how long Bitcoin reaches new highs. Chart From TradingView: MasterAnanda RLinda Echoes $101,000 Support For Bitcoin Adding to the analysis, another trader, RLinda, shared a 4-hour chart perspective showing how Bitcoin is currently in a fragile recovery path. She agrees that Bitcoin is still operating within a bullish context, but flagged the $102,000 and $101,400 zones as vital structural supports. Her chart suggests that the false breakout at the key $110,000 resistance level is the end of the recent rally leg, and the current decline could be a liquidity-driven correction rather than a complete reversal of the bullish trend. Furthermore, RLinda’s analysis shows that Bitcoin has exited its upward channel. The outcome, she said, will depend heavily on whether support levels at $102,000 and $101,400 can hold. A bounce from these levels could lead to a retest of the $106,000 to $108,000 resistance zone, where market direction may become clearer. If bulls fail to hold $101,000, it could invite a more dramatic sell-off that pushes the Bitcoin price toward a local bottom or even deeper. Chart Image From TradingView: RLinda Related Reading: Pepe Makes It To Trump’s Feed—Is A Crypto Endorsement Next? Together, both analysts agree on one thing: Bitcoin’s current correction is not yet a full collapse. At the time of writing, Bitcoin is trading at $104,290, up by 0.5% in the past 24 hours. Featured image from Unsplash, chart from TradingView

Over the weekend, Bitcoin’s price extended its disappointing performance, falling to around $103,000 in the early hours of Saturday, May 31st. While the premier cryptocurrency seems to have recovered fine in the past day, its price is still more than 6% away from the recently achieved all-time high of $111,814. Interestingly, the latest on-chain data suggests that the Bitcoin price could resume its upward trajectory anytime from now. Mass Long Liquidations Could Mean Sustained Upward Trend For BTC In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci shared that the Bitcoin market witnessed its third-largest long liquidation in the month of May. Data from CryptoQuant shows that $202 million in BTC long positions were liquidated on the Binance derivatives exchange on Friday, May 30th. Related Reading: Is Bitcoin Price Doomed For $93K? Technical Indicators Paint A Bearish Image As highlighted by Kesmeci, leveraged trading and speculative pressure ramped up on the world’s largest crypto exchange as the price of Bitcoin rallied from around $94,000 to a new record high above $111,000. These long liquidations typically occur when derivatives traders are forced to close their positions as prices move sharply against them, leading to automatic sell-offs that can further trigger volatility in both directions. The latest event — involving $202 million worth of BTC long positions — is the third-largest in the past month, trailing only two larger liquidations in May: $211 million on May 12 and $277 million on May 23. This series of high-value liquidations reflects the increased speculative activity in the Bitcoin market over the past few weeks. While the investors who suffered this liquidation may feel hard done by the market, these mass liquidations could be positive for the flagship cryptocurrency — a healthy reset for what is starting to feel like an overheated market. By removing excessive leverage, the Bitcoin market can reestablish a more stable foundation for price discovery and a continued upward trend. Bitcoin Funding Rates Still Very Low: Analyst According to another on-chain analyst with the pseudonym Darkfost, the Bitcoin funding rates are still at extremely low levels. This trend signals the unwillingness and hesitation of traders to open new long positions, read the post on X. Darkfost added: Typically, when Bitcoin breaks above its previous all-time high, we tend to see a surge in funding rates, signaling that euphoria and risk appetite are back. But that’s not what we’re seeing right now, investors need more clarity before jumping in with conviction. The on-chain analyst stated that this cautious stance of investors could be positive for the Bitcoin price and the upward trend. Moreover, the lack of euphoria reflects a market that is yet to be overheated, with room for further upside growth. As of this writing, the price of BTC stands at around $ 104,897, reflecting a mere 0.2% increase in the past 24 hours. Related Reading: Bitcoin Sharpe Ratio Says It’s Time For ‘Cautious Optimism’ — Further Upside Growth Incoming? Featured image from iStock, chart from TradingView