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After experiencing a bearish trend earlier in the week, Bitcoin (BTC) seems to have regained upward momentum. The asset started the day with a 2.1% rise. It is currently trading above the $84,000 mark, signaling a potential return to its previous price levels. Despite this positive movement, Bitcoin remains subject to fluctuating market conditions, influenced by external factors and internal metrics impacting its performance across different exchanges. Related Reading: Arthur Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure Shifting Trends in Bitcoin’s Exchange Flows As BTC continues to make strides above $84,000, an interesting trend has emerged in exchange flows signaling investor behavior. A recent analysis by CryptoQuant’s Joao Wedson provides a fascinating perspective on the current state of the Bitcoin market. According to Wedson, Bitcoin’s price action has been significantly impacted by lower selling pressure on certain exchanges, particularly Binance. In his report titled “Lower Selling Pressure: Binance and the BTC Flow Across Different Exchanges”, Wedson highlights that Short-Term Holders (STHs) are sending significantly fewer Bitcoin to Binance compared to other exchanges. The current amount of BTC being sent to Binance stands at 6,300 BTC, much lower than the average of 24,700 BTC transferred to other platforms. This suggests that many traders on Binance may be adopting a more neutral stance, potentially waiting for clearer signals before making further moves. On the other hand, Bitcoin inflows to other exchanges are increasing, indicating that investor behavior may vary based on the platform they use. Binance, despite having the highest trading volume, seems to be seeing less activity from short-term holders, whereas other exchanges are experiencing higher inflows. This shift could suggest that while Binance remains a trusted exchange, other platforms are beginning to see more action from BTC traders. Binance Dominates Spot Trading Volume In another analysis by CryptoQuant’s Maartunn, the focus shifted to spot trading volumes across various exchanges, with Binance taking the lead. In the year-to-date data for 2025, Binance has been the dominant player in spot trading volume, handling a cumulative total of $1.9 trillion. This is more than three times the volume of its closest competitor, Crypto.com, which stands at 12.12%. The dominance of Binance is significant, as higher trading volumes typically result in greater liquidity and tighter spreads, benefiting traders with better pricing and smoother entry and exit opportunities. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities The increasing liquidity on Binance makes it an attractive option for many investors, and its dominance in spot trading volume further solidifies its position as a key player in the cryptocurrency market. Binance Leads Spot Trading Volume in 2025 So Far “The cumulative spot volume chart clearly shows Binance leading with the largest share of activity, with 1.9T since the beginning of 2025… Binance controls 43.66% of the total spot market volume (4.56T), which is: – More than… pic.twitter.com/t1ohcg3GA9 — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView

Bitcoin has continued to show weakness in price movement, with limited upside momentum over the past several weeks. The cryptocurrency has declined by 22.3% in the last month alone, bringing its price down to $83,191 at the time of writing. The drop reflects ongoing uncertainty in the broader crypto market, as investors are struggling with reduced risk appetite and a lack of strong bullish catalysts. Related Reading: Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time Whale Accumulation Patterns Echo Previous Bull Market Phases Despite the downtrend, recent on-chain activity suggests that certain investor cohorts remain confident in Bitcoin’s long-term value. In particular, whale addresses—wallets holding between 1,000 and 10,000 BTC—have demonstrated a historical correlation with Bitcoin’s price trends. According to CryptoQuant contributor Mignolet, the current market cycle bears a resemblance to the 2020 bull cycle, where these whales exhibited accumulation behavior during bearish sentiment phases. Mignolet noted that these patterns occurred three times throughout the 2020 cycle, each coinciding with brief drawdowns in price. In the current phase, similar accumulation activity is being observed among whale entities, particularly those with holdings in the 1,000 to 10,000 BTC range. These patterns, as Mignolet suggests, may indicate that these market leaders are not exiting their positions, despite price pressure. Notably, the significance of whale behavior lies in its historical influence on market direction. As long as whales remain in accumulation mode, it could provide a base of support for the broader market and reduce the likelihood of further rapid declines. However, this dynamic does not eliminate the possibility of continued volatility, especially if broader market sentiment does not improve. Bitcoin Short-Term Holders Show Signs of Capitulation In contrast to whale activity, short-term holders (STHs) are showing signs of distress. Another CryptoQuant analyst, Darkfost, highlighted that the Short-Term Holder Spent Output Profit Ratio (SOPR) has remained below 1.0 for over two months, currently hovering around 0.98. This metric compares the selling price of Bitcoin with its acquisition price. When it falls below 1, it suggests that holders are selling at a loss—often viewed as a sign of capitulation. STH Capitulation “When this ratio drops below 1, it signals capitulation among STHs, often leading to short-term price declines. We can confirm this trend by observing the $BTC being sent to exchanges at a loss.” – By @Darkfost_Coc Link ⤵️https://t.co/BUIo9caGck pic.twitter.com/QfNfFpT9VL — CryptoQuant.com (@cryptoquant_com) March 31, 2025 Additionally, on-chain data shows that approximately 46,000 BTC have been sent to exchanges at a loss in recent weeks, highlighting the stress among STHs. Related Reading: Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch Historically, periods of heavy short-term capitulation have often preceded market bottoms, as weak hands exit positions and longer-term investors take advantage of the discounts. Featured image created with DALL-E, Chart from TradingView

After showing signs of recovery last week, Bitcoin appears to have lost its upward momentum once again. The cryptocurrency was closing in on the $90,000 psychological level but has since reversed direction, falling by 6.4% over the past week to hover around $82,000 at the time of writing. This decline has placed renewed attention on market metrics that suggest the rally may have been short-lived. Amid this downward movement, several on-chain analysts have raised questions about whether recent price trends reflect real demand or speculative behavior. Particularly, insights from CryptoQuant contributors point to warning signs, including a divergence between market capitalization and actual network activity. Related Reading: Bitcoin Weekly Preview: Tariffs, Whales, And Volatility Ahead NVT Indicator Signals Caution Amid Low Transaction Volume In a recent post titled “Manipulative Moves or True Value? A Bitcoin and NVT Analysis,” CryptoQuant analyst BorisVest pointed to the Network Value to Transactions (NVT) ratio as a critical metric for understanding current market dynamics. The NVT ratio is calculated by dividing Bitcoin’s market capitalization by its daily transaction volume. According to BorisVest, Bitcoin’s elevated NVT Golden Cross reading indicates a high market cap against low transaction activity — a combination that historically suggests price inflation driven by speculative interest rather than organic growth. BorisVest emphasized that periods with a high NVT often precede market corrections. In contrast, when the NVT falls into the green zone — signaling a low market cap with rising transaction volume — it may present a stronger foundation for price appreciation. As of now, the metric suggests Bitcoin’s recent price rise lacks transactional support, and continued pullbacks remain possible unless volume returns to the network. Bitcoin Speculators Absent, Sentiment Remains Cautious Adding to the cautious outlook, another CryptoQuant contributor known as crypto sunmoon highlighted the role of leverage in driving crypto bull markets. The analyst pointed out that funding rates have recently “dead-crossed,” which occurs when short-term funding rates fall below long-term rates, often indicating bearish sentiment among traders. According to sunmoon, this shift suggests that speculators are currently unwilling to take on risk — a key component needed to fuel bullish price movements. The analyst concluded that the return of speculative trading behavior, typically marked by rising funding rates and leveraged positions, is essential for reigniting upward momentum in Bitcoin. Related Reading: Bitcoin Rising Wedge: Expert Warns Of Imminent Breakdown In Coming Days Until then, market sentiment may remain subdued, with sideways or declining price action more likely. According to these CryptoQuant analysts, watching Bitcoin’s transaction volumes and funding trends will be crucial in determining whether Bitcoin is set for a renewed breakout or further consolidation. Featured image created with DALL-E, Chart from TradingView

Crypto markets see over $300M in liquidations as investors flee risk ahead of April policy changes and over concerning macroeconomic data.

Bitcoin (BTC) continues to trade above the $84,000 mark despite a slight decline in momentum this week. After briefly touching higher levels of nearly $90,000, the asset has seen a 3.3% decrease over the past day, bringing its current price to roughly $84,222. While price volatility remains a short-term concern, Bitcoin’s broader trend shows signs of consolidation within this range. Amid the movement from BTC’s price, on-chain analysts are offering insights into Bitcoin’s behavior beyond the surface-level price action. Related Reading: CEO On Bitcoin: A Big Idea Whose Time Has Finally Come Bitcoin Mean Coin Age and Supply Dynamics in Focus A recent analysis by CryptoQuant contributor Onchained points to Bitcoin’s Mean Coin Age (MCA) as a crucial metric for understanding current market sentiment. The MCA represents the average age of unspent transaction outputs (UTxOs), which can help reveal the behavior of long-term holders. According to Onchained, Bitcoin’s recent upward momentum is not a product of short-term speculation or news-driven hype. Rather, it is being influenced by the strategic actions of long-term holders. These participants typically acquire BTC during market downturns and hold through volatile phases, reducing the available supply and gradually increasing scarcity. This behavior creates conditions in which even moderate increases in demand can lead to stronger price responses due to reduced liquidity in the market. With Bitcoin’s supply capped at 21 million, the accumulation of coins by long-term holders contributes to a tightening of supply. As these coins become increasingly illiquid, they apply upward pressure on price when demand strengthens. This mechanism is a core feature of Bitcoin’s market dynamics and is viewed by some analysts as a signal of potential bullish continuation. Onchained wrote: This illiquidity creates a supply-demand imbalance, contributing to upward pressure on prices when demand increases. As fewer coins are available for trading, the price becomes more sensitive to buy-side pressure, leading to stronger upward price movements. Monitoring Behavioral Shifts for Market Signals The analysis also highlights the significance of a sudden drop in MCA, which can indicate long-term holders are beginning to move their coins. Such behavior may signal changing sentiment, profit-taking, or reactions to broader macroeconomic conditions. According to Onchained, “the movement of these coins from long-term holders can drive short-term volatility and is a signal that market dynamics are changing.” Onchained emphasized that relying solely on public commentary or high-profile announcements—such as regulatory statements, ETF launches, or tweets from influential figures—may distract from the deeper, data-driven trends that govern Bitcoin’s performance. Related Reading: Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033 Instead, the blockchain itself provides transparent insights into actual investor behavior, offering a clearer view of market conditions. The analyst noted: The truth lies within the data itself. The blockchain speaks clearly and transparently, and it is through this data that we can understand bitcoin’s true movement. S.N architected Bitcoin to ensure that the financial information we need is open and accessible to all, so we can make informed decisions, not be misled by the stupidity of popular narratives. Let the data guide us, not the whims of outsiders who misunderstand what is truly happening. Featured image created with DALL-E, Chart from TradingView

The crypto market continues to evolve as shifts in market capitalization among major digital assets reflect both investor sentiment and fundamental developments. A recent analysis from CryptoQuant provides a closer look at how top crypto have performed in terms of market cap and drawdowns over the past several months. Related Reading: Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead BNB, XRP, and Ethereum Show Diverging Trends One of the most notable shifts has been Binance Coin (BNB) reclaiming its position as the fifth-largest cryptocurrency by market capitalization. BNB’s market cap rose to approximately $92 billion, surpassing Solana (SOL), which now sits at $74 billion. This shift follows a strong rally in SOL during late 2024, largely fueled by growth in its meme coin ecosystem. However, the attention of speculative activity appears to have transitioned toward the BNB Chain, where similar crypto ecosystem momentum has helped support its recovery. Another significant market cap development involves XRP. According to CryptoQuant, XRP’s market capitalization increased substantially following the 2024 US presidential election. Market Cap Evolution of Top Cryptocurrencies BNB and Bitcoin are currently experiencing the lowest drawdowns among this group, each down approximately 20% from their all-time highs, indicating relatively strong price performance and resilience. pic.twitter.com/dW3tXlvSMG — CryptoQuant.com (@cryptoquant_com) March 27, 2025 From a valuation of $30 billion in early November, XRP’s market cap climbed to $141 billion by March 2025. The timing of this rise appears to align with the outcome of the US election, which some believe could potentially influence regulatory sentiment around crypto assets. In contrast, Ethereum (ETH) has faced a more challenging trajectory. After peaking in late 2024, ETH’s market capitalization declined by 50% to around $240 billion as of March 2025. This sharp drop highlights the current volatility in the altcoin market and raises questions about Ethereum’s ability to maintain its prior valuation levels amid shifting macro and sector-specific factors. Crypto Price Resilience and Drawdown Metrics CryptoQuant’s report also evaluated drawdowns—the decline from an asset’s all-time high—as a measure of relative performance. Bitcoin (BTC) and BNB emerged as the most resilient assets among the group, each down approximately 20% from their respective all-time highs. BNB’s stability has been linked to its continued utility within the Binance ecosystem, including usage for transaction fees and platform-related activities. Meanwhile, ETH and SOL have struggled to recover from deeper drawdowns. Both assets are currently more than 50% below their previous peaks, highlighting higher levels of volatility and reduced investor momentum. Related Reading: Solana Tags Upper Bollinger Band For First Time Since ATH — Is Momentum Returning? Although XRP has seen a rise in market capitalization, its price still reflects a drawdown of roughly 36%, indicating that much of the new capital inflow has yet to translate into price recovery. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to show signs of price consolidation, with its value hovering just below the $87,000 mark. As of today, BTC is trading at approximately $86,990, reflecting a 0.8% decline over the past 24 hours. Despite the slight dip, the broader picture shows that Bitcoin has stabilized above $85,000 for several consecutive sessions, signaling a pause in the strong upward or downward momentum observed in previous weeks. Related Reading: Bitcoin Holds Steady Above $86K as On-Chain Data Points to ‘Bullish Shift’ Long Liquidation Indication For The Market While volatility appears subdued, market dynamics remain active behind the scenes. CryptoQuant contributor Amr Taha recently provided insights into Bitcoin’s latest market structure, highlighting a key development: the liquidation of $359.7 million worth of long positions. This event has drawn attention to potential shifts in sentiment and important technical levels that may act as support or resistance in the short term. According to Taha, a long liquidation occurs when traders holding leveraged long positions are forced to close their trades after the price drops below their margin thresholds. When this happens at scale, as seen recently, it reflects a sudden change in sentiment and often forces short-term sell-offs. However, Taha points out that such events can also set the stage for a potential market rebound, as many overleveraged positions are cleared, giving space for new demand to emerge. Liquidation event of $359.7M in long positions “If BTC holds above the short-term realized price, it suggests strength in demand. A breakdown below these levels might indicate a potential reversal or correction.” – By Amr Taha Full post ⤵️https://t.co/SW9e16kofW pic.twitter.com/0YR9rfreGa — CryptoQuant.com (@cryptoquant_com) March 27, 2025 Bitcoin UTXO Metrics Paint a Mixed Picture Complementing this observation is Bitcoin’s realized price distribution by UTXO age bands. Taha notes that Bitcoin’s current market price remains above the realized price for UTXOs aged 1 day to 1 week, indicating that recent buyers are holding unrealized profits. Meanwhile, UTXOs in the 1-week to 1-month range have their realized price near $84,740—a level that could act as technical support if Bitcoin dips in the near term. This confluence of short-term holder profitability and support near $84K may serve as an important signal. If Bitcoin maintains its position above these realized price zones, it suggests continued strength from recent buyers. However, if the price begins to fall below these thresholds, it could point to increased selling pressure or a broader correction phase. Related Reading: Bitcoin Whales Make Big Moves As Bullish Momentum Resurfaces While the liquidation of long positions and UTXO age metrics offer some insight into market sentiment, Taha’s conclusion of a possibility for the price to either fall or continue rising gives more reason to remain cautious. Featured image created with DALL-E, Chart from TraingView

Bitcoin has shown signs of stabilization above the $86,000 mark after reclaiming the level earlier this week. This recovery marks a shift in short-term sentiment after several weeks of price turbulence. While the asset remains down approximately 20.2% from its all-time high set in January, the current rebound suggests a pause in downward pressure and a potential reassessment among market participants. Despite the recent uptick, traders and analysts remain cautious. Market behavior has been mixed, with on-chain metrics and trading activity offering differing signals. CryptoQuant contributor Nino recently provided a breakdown of the Coinbase Premium Index and its implications for Bitcoin’s short-term direction, pointing to changing sentiment in the US market. Related Reading: Bitcoin Pushes Past $88K Amid Rising Volatility and On-Chain Resistance Zones Coinbase Premium Turns Positive Amid Stabilizing Price In a recent QuickTake post titled “Is the Coinbase Premium Signaling a Bullish Shift for Bitcoin?”, Nino observed that the index—which measures the price gap between Bitcoin on Coinbase and other exchanges—had hovered near zero for weeks. However, it now appears to be entering positive territory. This trend, if sustained, may reflect a growing appetite from US-based traders and institutions. Historically, a positive Coinbase Premium has coincided with increased spot demand and broader upward price momentum. Nino added that while this shift can be a bullish signal, it should be evaluated alongside other market indicators such as trading volume and on-chain metrics. These combined factors help clarify whether the move represents real buying conviction or short-term speculation. In parallel, renowned market analyst Ali noted that following Bitcoin’s surge above $70,000 in late 2024, stablecoin reserves grew from $26 billion to $46 billion—often an indication of profit-taking by investors. Now that reserves have plateaued, the market may be entering a period of reduced selling pressure, as participants appear to be waiting for new catalysts before re-entering. After #Bitcoin $BTC broke $70,000 in late 2024, stablecoin reserves jumped from $26 billion to $46 billion, signaling heavy profit-taking. Now that reserves have plateaued, it looks like investors are sitting on the sidelines. pic.twitter.com/PRtOQnNq5x — Ali (@ali_charts) March 26, 2025 Bitcoin Whale Accumulation and Long-Term Signals Further reinforcing this narrative, Ali also pointed to new whale accumulation trends. Specifically, 48 new Bitcoin wallets have surpassed the 100 BTC threshold, indicating growing holdings among large-scale investors. This increase in whale addresses is generally interpreted as a sign of confidence in long-term price appreciation. When whales accumulate during consolidation phases, it can reflect expectations for upward movement once market uncertainty subsides. Related Reading: Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead Whale behavior has historically played a significant role in shaping Bitcoin’s market structure. Accumulation at higher levels can act as price support while selling activity from these holders can introduce major volatility. In the current cycle, rising whale accumulation coupled with improving Coinbase Premium readings may suggest that strategic buyers are positioning themselves for potential future rallies. Featured image created with DALL-E, Chart from TradingView

Bitcoin has maintained its upward trajectory so far this week, with the asset reclaiming and holding above the $85,000 mark. This performance reflects a weekly gain of approximately 4.7%, indicating a possible shift in momentum after weeks of sideways and bearish activity. While short-term gains have been recorded, signs that might determine Bitcoin’s next major move appear to have emerged. Particularly, a renewed analysis of market health and investor behavior has accompanied the current price action of BTC. On-chain metrics and sentiment indicators are being used to assess whether the current recovery signals a continuation of the bull cycle or if the market may be transitioning into a new phase. One such framework recently shared by CryptoQuant contributor Woominkyu offers a broader view of Bitcoin’s positioning using the Bitcoin Combined Market Index (BCMI). Related Reading: Bitcoin Rally To $95K? Market Greed Suggests It’s Possible Assessing Market Health Through BCMI Metrics According to Woominkyu, the BCMI provides a comprehensive overview of Bitcoin’s market condition by aggregating four core metrics: MVRV (30%), NUPL (25%), SOPR (25%), and the Fear & Greed Index (20%). Each component reflects key aspects of network valuation, investor sentiment, realized gains/losses, and emotional market trends. The index assigns weightings to each metric and calculates a combined score, which can indicate whether the market is overheated or undervalued. Historically, a BCMI score below 0.15 is associated with extreme fear and potential buying opportunities, while scores above 0.75 often precede market tops or sharp corrections. At present, the BCMI remains below the 0.5 level, suggesting that Bitcoin has not yet entered the overheated zone. Woominkyu suggests two possible scenarios: the market is either undergoing a normal correction within an ongoing bull cycle, or it is showing early signs of an atypical transition into a bearish phase. The moment of decision for Bitcoin “During this current market cycle, BCMI hasn’t yet reached the typical ‘overheated’ zone (above 0.75). It’s currently hovering below 0.5, suggesting we’re at a crucial market juncture.” – By @Woo_Minkyu Read more ⤵️https://t.co/sfyunRuWbh pic.twitter.com/he77VS98t7 — CryptoQuant.com (@cryptoquant_com) March 26, 2025 Key Thresholds to Watch in Bitcoin The analyst points to the importance of monitoring the 7-day and 90-day moving averages of the BCMI for clearer direction. Related Reading: Now Is The Best Time To Buy Bitcoin, Says Investment Giant Should the index begin to trend upward, it may signal renewed momentum and a potential return to higher price levels. Conversely, a sustained decline could confirm a broader trend reversal. Meanwhile, IntoTheBlock has recently shared resistance zones of BTC identified onchain. The market intelligence platform particularly emphasizes the $97.400 level noting that this is “where roughly 1.44 million BTC are currently holding at a loss,” therefore should BTC price hit that point we could see a pullback. Is Bitcoin on its way to test its highs? The red bubbles in this chart highlight levels where underwater investors could sell as they break even, especially if uncertainty persists. A key zone is around $97.4k, where roughly 1.44 million BTC are currently holding at a loss. pic.twitter.com/LKaDBen7cU — IntoTheBlock (@intotheblock) March 24, 2025 Featured image created with DALL-E, Chart from TradingViiew

Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours. The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000. Although the rally has slowed, the broader market remains focused on whether Bitcoin’s recent performance signals a temporary correction or a more substantial shift in trend. Market analysts have turned to on-chain metrics for additional clarity. One such analyst, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake platform, recently examined four key cyclical indicators to assess whether Bitcoin’s bullish phase is losing steam. Related Reading: Bitcoin’s Realized Cap and UTXO Data Signal a Major Shift—Here’s What to Watch Key Indicators Reflect Mixed Sentiment According to Kesmeci, while some metrics suggest weakness, they do not yet indicate a market top. Kesmeci’s first point highlights the Internal Funding Pressure (IFP) metric, which currently stands at 696K—below its 90-day simple moving average (SMA90) of 794K. Historically, a cross above the SMA90 tends to signal renewed bullish momentum, but for now, the metric suggests a lack of reversal strength. The second metric analyzed is the Bull & Bear Market Cycle Indicator. Kesmeci notes the current setup mirrors earlier soft bearish signals observed during this cycle. The 30-day moving average (DMA30) sits at -0.16, while the longer-term 365-day moving average (DMA365) is at 0.18. Until the shorter-term average crosses above the longer-term trend, the indicator remains tilted toward bearish sentiment. Do 4 Different Cyclical On-Chain Metrics Signal the End of Bitcoin’s Bull Market? “All of these metrics suggest that Bitcoin is experiencing significant turbulence in the short to mid-term. However, none of them indicate that Bitcoin has reached an overheated or cycle-top… pic.twitter.com/tPw74wqERy — CryptoQuant.com (@cryptoquant_com) March 25, 2025 Bitcoin MVRV and NUPL Provide Additional Clues Kesmeci also assessed the Market Value to Realized Value (MVRV) score, which remains below its 365-day SMA. Historically, this positioning tends to precede increased selling pressure, although a rebound is possible once the score crosses back above its moving average. The last such event occurred during the August 2024 carry trade crisis, which was resolved with a recovery after macroeconomic pressures eased. Similarly, the Net Unrealized Profit/Loss (NUPL) metric sits below its SMA365. Currently, NUPL stands at 0.49, compared to a moving average of 0.53. While not a definitive end to the bullish trend, the metric’s position implies that further strength is needed for Bitcoin to regain bullish footing. Related Reading: Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report Kesmeci concludes that these on-chain indicators collectively point to short- and mid-term uncertainty but fall short of confirming a market top. Drawing comparisons to last year’s macro-driven selloff, he suggests that external factors—such as recent economic uncertainty and tariff-related tensions—may be temporarily suppressing BTC’s performance. If macroeconomic conditions stabilize, BTC could resume its upward trajectory, mirroring the recovery seen in 2024. Featured image created with DALL-E, Chart from TradingView

Bitcoin has maintained its upward momentum since the week started, signaling renewed interest and optimism in the market. The asset reclaimed the $88,000 price level on Monday and continues to trade above this zone, marking a nearly 10% rise in value over the past seven days. The steady price recovery comes after weeks of retracement, during which Bitcoin experienced considerable selling pressure and fell from previous highs. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch On-Chain Resistance Zones Identified IntoTheBlock, an on-chain analytics platform, provided insights on whether Bitcoin could be on track to retest its all-time high. The firm highlighted several key resistance ranges that may impact Bitcoin’s price action in the near term. These include the $88,355.91 to $90,920.05, $90,920.05 to $93,591.02, $93,591.02 to $96,262.00, $96,262.00 to $98,932.97, and $98,932.97 to $101,603.95 levels—zones where many addresses are currently holding Bitcoin at a loss. Is Bitcoin on its way to test its highs? The red bubbles in this chart highlight levels where underwater investors could sell as they break even, especially if uncertainty persists. A key zone is around $97.4k, where roughly 1.44 million BTC are currently holding at a loss. pic.twitter.com/LKaDBen7cU — IntoTheBlock (@intotheblock) March 24, 2025 Notably, around the $97.4K level alone, approximately 1.44 million BTC are held by investors in unrealized loss positions, which could introduce selling pressure as prices recover. Despite the resistance ahead, other on-chain activity shows signs of investor confidence. According to IntoTheBlock, Bitcoin saw over $220 million in net outflows from centralized exchanges in the past 24 hours. Over the past week, total outflows have exceeded $424 million, often interpreted as a sign of investors moving assets into cold storage rather than preparing to sell. Meanwhile, crypto analyst Burak Kesmeci noted that Bitcoin’s 30-day volatility index has surged to 52.31 points—its highest level in the past six months. The spike in volatility coincides with anticipation around the US Core PCE report expected Friday, a macroeconomic event that could introduce further price swings. Technical Outlook On Bitcoin From a technical perspective, analysts remain divided. Crypto analyst Ali pointed out that Bitcoin is approaching a key resistance zone around $89,000, where the 50-day moving average intersects with a descending trendline drawn from the January all-time high. The outcome at this level may influence the direction of the next major move. On the other hand, analyst Javon Marks highlighted what he described as a potential breakout pattern forming on Bitcoin’s chart. BREAKOUT ALERT on Bitcoin and the last breakout after similar action led into one of the most powerful and FASTEST bullish moves so far this entire cycle!$BTC can be ready to deliver another powerful and speedy run to new All Time Highs… https://t.co/tchC9wsLFl pic.twitter.com/QKbDAUV88l — JAVON⚡️MARKS (@JavonTM1) March 25, 2025 He pointed to a previous breakout that triggered one of the fastest rallies in the current cycle and noted similar technical behavior emerging again. Marks believes that if momentum continues, Bitcoin could be positioning itself for another rapid climb toward new record highs. Featured image created with DALL-E, Chart from TradingView

Bitcoin opened the week with a strong rebound, climbing back above the $88,000 mark for the first time in several weeks. As of today, BTC trades at approximately $88,025, representing a 6.2% increase over the past week. This recovery follows a volatile period where the asset experienced significant resistance below the $85,000 price level. While this upward price action has brought renewed optimism to the market, analysts are also highlighting underlying factors that could influence Bitcoin’s near-term direction. One of the most notable trends is a spike in leverage, signaling that derivative traders may be playing a larger role in driving price movements. Related Reading: Bitcoin Futures Data Shows Bullish Long/Short Ratio – Details Bitcoin Open Interest Surges, Signaling High-Leverage Activity According to on-chain data shared by CryptoQuant analyst IT Tech, Bitcoin’s Open Interest (OI) has reached a record high above $32 billion. Open Interest refers to the total value of outstanding derivative contracts—such as futures and options—that have not yet been settled. A rising OI alongside a rising price can indicate growing bullish sentiment, but it can also be a signal of increased risk if the market becomes overly leveraged. IT Tech noted that while the rally has sparked enthusiasm, it comes with a caveat. “High OI combined with rapid price increase often leads to liquidation cascades if the trend reverses,” the analyst wrote. If bulls fail to maintain momentum, over-leveraged positions may be liquidated, triggering a sharp correction. Monitoring sudden shifts in OI and price will be critical in the coming days. BTC Market Alert: Leverage-driven pump “Open Interest (OI) hit record levels above $32B as BTC price surges near $87.5K. But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!” – By @IT_Tech_PL Full post ⤵️https://t.co/BzEOKHgPLI pic.twitter.com/DHL0MGedSR — CryptoQuant.com (@cryptoquant_com) March 24, 2025 Mixed Signals from Analysts on What’s Next Despite concerns over leverage, some analysts remain optimistic. Javon Marks, a technical analyst active on X, suggested that Bitcoin may be in the early stages of another major breakout. “Bitcoin looks to be working on another massive bullish breakout,” Marks said, adding that altcoins could soon follow suit. On the other hand, analyst Ali offered a more cautious outlook, citing the TD Sequential indicator as a potential sign of an upcoming short-term top. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch He highlighted key price levels for traders to watch, pointing to a significant support zone between $82,590 and $85,150, where over 625,000 BTC were previously accumulated. Meanwhile, resistance looms between $95,400 and $97,970, a region that could see strong selling pressure due to past investor activity. Featured image created with DALL-E, Chart from TradingView

Bitcoin is beginning to show signs of a strong recovery after recent consolidation. The asset has moved past the $87,000 level, gaining approximately 5.2% over the past week and 3.4% in the last 24 hours. This uptick in performance marks a notable contrast to the steady downtrend observed in recent weeks, offering traders renewed momentum and sparking discussions around broader market sentiment. One of the key developments supporting this shift appears to be rising liquidity on major exchanges. CryptoQuant analyst Darkfost highlighted that the amount of ERC-20 stablecoins held on Binance has reached a new all-time high, now surpassing $31 billion. Binance continues to lead in trading volume among centralized exchanges, making this metric particularly important for analyzing near-term price action. Related Reading: Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus Stablecoin Accumulation and Investor Sentiment According to Darkfost’s analysis on CryptoQuant’s QuickTake platform, the increasing stablecoin reserves suggest growing confidence among Binance users. These funds may represent capital being positioned for reentry into crypto markets, potentially signaling a wave of buying pressure. Additionally, Binance may be accumulating stablecoins to manage liquidity for ongoing investor demand or hedging strategies. Notably, stablecoin balances on exchanges are often used as an indicator of future market participation. When reserves increase, it typically reflects investor readiness to deploy capital into assets like Bitcoin and Ethereum. While this trend does not guarantee immediate upward price movement, it generally aligns with improving sentiment and rising demand. ????Stablecoin on Binance ATH ! The amount of stablecoins (erc-20) available on Binance has just reached a new all-time high, surpassing $31 billion. Seeing these stablecoins growing and remaining on Binance is generally a positive sign. pic.twitter.com/UJeX20XlBH — Darkfost (@Darkfost_Coc) March 23, 2025 Bitcoin Short-Term Cost Basis Levels to Watch In another report, CryptoQuant analyst Burak Kesmeci outlined important cost levels for Bitcoin investors based on holding duration. These “cost basis” levels represent the average entry price for groups of investors segmented by how long they’ve held their Bitcoin. Monitoring these ranges helps assess which price levels may act as support or resistance in the market. Kesmeci identified four key price bands: $85,000 for holders between 1 to 4 weeks, $89,000 for 3 to 6-month holders, $98,000 for 1 to 3-month holders, and $63,000 for those holding between 6 to 12 months. Related Reading: Bitcoin Price Stuck In A Loop? Here’s Why $87,000 Could Be Crucial These zones are important because short-term investors often react to these levels—either taking profit or exiting when the price approaches their average entry cost. A move above $89,000, for example, could flip this zone into support and potentially open the path toward retesting higher levels closer to $98,000. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to trade just below the $84,000 mark, reflecting a broader slowdown in upward momentum. Despite attempts to reclaim higher levels, the cryptocurrency has remained under the $90,000 mark for over two weeks. This current range-bound activity comes nearly two months after Bitcoin touched its all-time high in January, indicating a period of uncertainty as traders assess macroeconomic conditions and upcoming Federal Reserve policy decisions. In the midst of the stagnation from BTC’s price, on-chain data is offering contrasting signals on where the market might be headed next. Analysts have pointed to fluctuations in buying and selling pressure on major exchanges, particularly Binance, as key indicators of short-term market sentiment. Related Reading: Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says Surge in Binance Net Taker Volume CryptoQuant analyst Darkfost recently highlighted a notable spike in net taker volume on Binance, the world’s largest centralized crypto exchange. According to Darkfost, net taker volume surged by $467 million in a single hour—marking the highest level recorded in 2025 so far. This metric, which measures the difference between aggressive market buys and sells, is often used to gauge the immediate sentiment of active traders. A positive value indicates stronger buying activity and has historically signaled short-term bullishness. Darkfost emphasized that this uptick in taker volume occurred just prior to the recent FOMC meeting, suggesting that some traders may be positioning for favorable policy outcomes. While the data only reflects an hourly time frame and may not imply long-term directional change, the movement could signal a broader shift in sentiment among active participants, especially given Binance’s influential position in global crypto markets. ???? Buying pressure from Binance traders might be back. — Binance is the CeX with the highest trading volume, making it particularly relevant for data analysis. — The net taker volume is a powerful metric for gauging trader sentiment, as it measures the volume of market buys and… pic.twitter.com/enI1VMAixf — Darkfost (@Darkfost_Coc) March 20, 2025 Bitcoin Whale Activity Returns as Exchange Ratios Spike Meanwhile, another CryptoQuant analyst, EgyHash, provided a more cautious interpretation of recent activity. According to his analysis, the Bitcoin Exchange Whale Ratio—defined as the share of total exchange inflows coming from the top 10 largest addresses—has surged to its highest point in over a year. This ratio is closely monitored because spikes often precede increased selling pressure, especially when large holders move funds to exchanges. While not a definitive indicator of immediate liquidation, the rise in whale-driven deposits suggests that some major players may be preparing for reallocation or profit-taking. Related Reading: The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable Combined with stagnant price action, this metric implies that Bitcoin’s current price level may be approaching a decision point, where the market direction will be determined by the balance between new demand and potential supply from large holders. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to experience short-term volatility, struggling to maintain momentum above key resistance levels. After recently attempting to break back above the psychological $90,000 level, the asset has pulled back again. As of the time of writing, Bitcoin is trading at approximately $83,239, down 2.2% over the past 24 hours and nearly 23% below its all-time high above $109,000 reached in January. Despite this, some analysts suggest underlying indicators may point toward a potential market rebound if specific conditions align. Related Reading: Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally? Stablecoin Trends Offer Insight into Bitcoin Market Liquidity Crypto Dan, a contributor to the CryptoQuant QuickTake platform shared an analysis titled “Comparison of the March 2024 Correction and the Current Market,” focusing on the relationship between stablecoin supply and Bitcoin’s price behavior. According to Dan, the flow of stablecoins into the market can serve as a proxy for measuring potential buying power, with higher stablecoin reserves typically associated with increased purchasing capacity among market participants. Dan noted that during the March–October 2024 correction phase, the supply of stablecoins remained relatively low or declined, contributing to a more prolonged bearish trend. In contrast, the current correction has been accompanied by a gradual increase in stablecoin supply, which may indicate that market participants are preparing to re-enter positions as they await favorable conditions. Dan wrote: The current market is in a state where it is ready to rise quickly whenever strong catalysts emerge. Patience remains essential in the investment market. While it is premature to declare the end of the bullish cycle, the market continues to present conditions worth monitoring closely. Notably, this upward trend in stablecoin reserves suggests that investors are not fully exiting the market but are instead adopting a wait-and-see approach, holding liquidity in stablecoins while watching for confirmation of a trend reversal. This behavior often precedes renewed buying activity when confidence begins to return. Sentiment Signals Shift on Binance as Ratio Turns Positive Another CryptoQuant analyst, Burak Kesmeci, analyzed the Taker Buy Sell Ratio on Binance—an exchange widely viewed as a leading barometer of retail and institutional sentiment due to its high trading volume. The Taker Buy Sell Ratio measures the aggressiveness of buyers versus sellers, with values above 1.00 indicating that buyers are initiating more trades than sellers. Kesmeci observed that this ratio has been steadily forming higher lows over the past ten days and recently transitioned from the negative to the positive zone. Related Reading: This Bear Market Indicator Says Bitcoin Price Is Headed For Crash To $40,000, Here’s When This shift could suggest that sentiment among active traders is improving, potentially setting the stage for upward price movement if this trend continues. Kesmeci explained: If the Taker Buy Sell Ratio remains above 1.00, especially considering Binance’s market influence, Bitcoin’s uptrend from the $76,600 region could see continuation. Featured image from DALL-E, Chart from TradingView

Bitcoin is currently demonstrating signs of recovery, with its price climbing above $86,000, marking a 2.7% increase in the past day. Despite this recent uptick, BTC remains approximately 20% below its all-time high of $109,000, recorded in January. While the asset’s price action is known to be a focal point for analysis, on-chain data provides deeper insights into Bitcoin’s market behavior. One of CryptoQuant’s analysts, Onchained, recently shared an analysis of Bitcoin’s Realized Capitalization and UTXO Value Bands, shedding light on the distribution of Bitcoin ownership among different investor groups. Related Reading: Bitcoin Bull Run Isn’t Over: Cathie Wood Predicts $1.5 Million Understanding Bitcoin’s Realized Cap and Investor Behavior Onchained’s research highlights the significance of Realized Capitalization (Realized Cap) as a metric distinct from traditional market capitalization. Unlike the market cap, which calculates the total circulating supply at the current price, the Realized Cap evaluates each Bitcoin’s value based on its last transaction. This provides a more precise measure of Bitcoin’s valuation by accounting for actual network activity rather than speculative price movements. One key observation is that a significant portion of Bitcoin’s Realized Cap is concentrated within high-value UTXOs (Unspent Transaction Outputs). Onchained’s data reveals that wallets holding transactions valued at over $1 million collectively account for $675 billion, making up approximately 78% of BTC’s total realized capitalization. This suggests that institutional investors and high-net-worth individuals are playing a dominant role in shaping Bitcoin’s current market structure. Tracking UTXO Value Bands, Onchained explains that segmenting BTC transactions into different value categories (such as $1-$100, $1K-$10K, and $1M+) allows analysts to determine which investor classes are actively accumulating or distributing their holdings. The dominance of large wallets in the network’s Realized Cap indicates that major BTC holders are in a strong position, potentially supporting price stability or even driving future growth. Institutional Activity and Future Market Trends Another crucial insight from Onchained’s analysis is the growing involvement of institutional investors. The research suggests that the movement of Bitcoin’s Realized Cap within the UTXO Value Bands indicates steady accumulation by these high-value holders. The continued dominance of institutional wallets in Bitcoin’s Realized Cap highlights a long-term confidence in BTC as a strategic asset. Additionally, the increase in BTC outflows from exchanges—a trend identified by another CryptoQuant analyst, Woominkyu—further reinforces the notion that institutional investors are accumulating BTC. A rising Coinbase Premium Index, which tracks the difference between Bitcoin’s price on Coinbase and other exchanges, is often a signal of increased institutional buying pressure. Related Reading: Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support If these trends persist, BTC could experience a supply squeeze, driving prices higher as demand continues to outweigh selling pressure. While volatility remains a factor, the heavy concentration of BTC among large holders may provide strong support for the asset in the coming months. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has been regaining momentum after a recent weeks of decline, climbing back above $85,000. This marks a 2.7% increase in the past week, slowly recovering from previous losses. While the broader market remains cautious, investors appear to now be closely monitoring whether BTC can sustain its upward trend or if further corrections are on the horizon. Related Reading: Bitcoin Transfer Count Lowest Since 2023—Is This Bearish? Bitcoin Bullish Indicators Emerges Amid the ongoing Bitcoin price movement, CryptoQuant analyst Crypto Dan has provided insights into the current market structure. In a recent post titled “Past Bull Cycle vs. Current Market”, Dan examined the similarities between previous market cycles and the present conditions. He highlighted that while bear market phases often feel like prolonged downturns, they also present key accumulation opportunities. Dan explained that in past market cycles, significant stop-loss movements signaled major sell-offs, leading to prolonged bearish sentiment. However, in the current cycle, such massive liquidations have not occurred, and Bitcoin’s recent drop remains within the standard 30% correction range. He noted that while some fear the onset of a bear market, broader macroeconomic trends suggest that the bull cycle is still intact. “과거 상승사이클과 현재 시장” 암호화폐 시장의 하락사이클에서는 첫번째 지표처럼 엄청난 크기의 손절의 움직임이 여러번 나옵니다. 누가봐도 하락사이클로 인식이 되고 시장이 망했다는 생각이 들 정도가 됩니다. 그리고 그 최악의 구간은 약 1년간 지속됩니다. 하지만 그 최악의 구간에서… pic.twitter.com/eQvd7yA2rn — Crypto Dan (@DanCoinInvestor) March 20, 2025 The analyst further pointed out that short-term uncertainties, such as geopolitical tensions and trade disputes, may be influencing market sentiment. However, once these factors subside, the market could see a strong rally. The analyst noted: Uncertainty in the market is an unavoidable element that will always accompany the investment landscape. Therefore, we analyze and respond to the market while managing risk. Exchange Outflows Indicate Re-Accumulation Another CryptoQuant analyst, CryptoOnCain, provided additional insight by highlighting Bitcoin’s highest exchange outflow on a 90-day moving average since January 2023. This data suggests that Bitcoin is being withdrawn from exchanges at a rapid pace, a sign that investors could be accumulating BTC rather than preparing to sell. Historically, such significant outflows have preceded bullish moves, as reduced exchange supply tends to create upward pressure on price. Related Reading: The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable The analyst noted that a similar pattern was observed in early 2023 when Bitcoin hit its lowest price in that cycle before rallying. If this trend continues, it could indicate a shift toward stronger market confidence in BTC’s long-term potential. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) continues to trade below the psychological $90,000 level, with its price standing at $82,346. This marks a 24.3% drop from its all-time high above $109,000 recorded in January. Despite this downward trend, new on-chain data suggests that a surge of high-net-worth investors, or “new whales,” has been accumulating BTC aggressively, which could have significant implications for the market’s trajectory. According to CryptoQuant analyst onchained, a distinct group of Bitcoin holders with at least 1,000 BTC—acquired within the past six months—has been actively accumulating. This trend, which started in November 2024, has accelerated significantly in recent weeks, with these new whales amassing over 1 million BTC in total and adding more than 200,000 BTC just this month alone. Related Reading: Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean? New Whales Drive Market Accumulation Onchained’s analysis highlights that this unprecedented accumulation trend indicates strong confidence in Bitcoin’s long-term outlook. The rapid expansion of new whale holdings suggests that institutional investors or high-net-worth individuals are increasing their exposure to Bitcoin. The data further reveals that the majority of these newly acquired holdings are being retained for short periods (less than six months), reinforcing the idea that investors see value at current price levels and are willing to hold despite market fluctuations. If this accumulation trend continues, it could serve as a strong support mechanism for Bitcoin’s price in the coming months. Onchained also speculated that Bitcoin could revisit its all-time high and potentially break beyond it, mentioning possible price targets of $150,000 or even $160,000. However, market conditions, liquidity, and investor sentiment will play a crucial role in determining the sustainability of this trend. The Surge of New Bitcoin Whales “Since November 2024, these wallets have collectively acquired over 1 million BTC… Their accumulation pace has accelerated notably in recent weeks, accumulating more than 200,000 BTC just this month.” – By @0nchained pic.twitter.com/jVsFPjY8WA — CryptoQuant.com (@cryptoquant_com) March 18, 2025 Is Bitcoin Demand Weakening? While whale accumulation suggests strong long-term conviction, another CryptoQuant analyst, BilalHuseynov, has pointed out potential concerns about Bitcoin’s demand momentum. His analysis shows that Bitcoin saw peaks in demand in both March and December 2024, marking the first time two demand peaks have occurred in close succession. However, following the March peak, a significant decline in demand has been observed. Related Reading: Bitcoin Bull Run ‘Is Over’: CryptoQuant CEO Sounds The Alarm BilalHuseynov compared the current trend to previous market cycles, specifically the 2017-2018 period, when momentum peaks were followed by price fluctuations and a gradual decline in demand. While factors such as market size, trading volume, and liquidity have changed significantly since then, the current trend suggests that Bitcoin’s demand may be softening, which could impact price movements in the near term. Feature image created with DALL-E, Chart from TradingView

Bitcoin (BTC) is experiencing a notable price recovery, reclaiming the $85,000 level after a 4.3% increase in the past 24 hours. This rebound has sparked renewed optimism among investors, who are now looking for signs of further momentum in the market. However, while Bitcoin is showing signs of a potential uptrend, on-chain data suggests that market demand remains weak, which could impact the sustainability of this rally. Related Reading: Bitcoin & Altcoin Volume Fades—Investor Exhaustion Setting In? Bitcoin Demand Drops Despite Price Recovery Recent on-chain analysis by CryptoQuant analyst Darkfost has revealed that Bitcoin’s current demand is at its weakest level of the year. His research highlights a key supply-demand ratio, showing a steady decline in Bitcoin accumulation since December 2024. This lack of demand, coupled with ongoing economic and political uncertainty, may indicate that investors are exercising caution before making larger commitments. According to Darkfost’s analysis, Bitcoin demand is measured by comparing new supply entering the market to the supply that has remained inactive for over a year. When this ratio falls below zero, it indicates that fewer BTC are being actively accumulated, which can signal a negative demand shift. The weakest Bitcoin demand of the year “Demand has been weakening since December and continues to decline over time. This suggests that investors are becoming more cautious and may be shifting toward less risky assets.” – By @Darkfost_Coc Read more ????https://t.co/0aw9CEFHPe pic.twitter.com/NRqS1k6t3g — CryptoQuant.com (@cryptoquant_com) March 14, 2025 His findings suggest that investor interest in Bitcoin has been weakening for months, despite short-term price movements suggesting otherwise. The decline in demand aligns with broader economic uncertainties and geopolitical tensions. Investors appear to be moving towards less volatile assets, which could explain the gradual slowdown in Bitcoin’s accumulation rate, Darkfost reveals. While this does not necessarily signal a bearish outlook, it does suggest that market conditions remain fragile, and Bitcoin’s price action may be highly reactive to upcoming economic events. Key Levels and BTC Predictions Despite the concerns surrounding weaker demand, analysts remain optimistic about Bitcoin’s long-term trajectory. Javon Marks, a widely followed crypto analyst, has shared a Bitcoin price target of over $500,000. This pattern confirmation on Bitcoin suggests to get ready for All Time Highs to return because strength is still underlying in prices despite the pullbacks! A massive +36% recovery, pre-continuation, and based on the previous setup, the continuation can be massive.$BTC https://t.co/Rrlh2QHMpK pic.twitter.com/1bj1T8IJHG — JAVON⚡️MARKS (@JavonTM1) March 13, 2025 He pointed out that historical price structures indicate the possibility of a major bull phase, suggesting that BTC may be approaching its strongest bullish period yet. Additionally, another analyst, Ali, highlighted Bitcoin’s recent ascending triangle formation, a pattern that typically signals a breakout opportunity. Related Reading: Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals In his analysis, Ali noted that if BTC were to break past the $84,000 resistance level, a 9% price surge could follow.  As of now, BTC has already surpassed this critical level, raising the possibility of an extended rally if buying pressure sustains. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price appears to be still struggling below key levels. So far, the asset still trades below $82,000 marking a slight uptick of 0.3% in the past day and a roughly 24.3% decrease away from its all-time high (ATH) above $109,000 registered in January. Amid this price performance, key price levels, particularly those that impact short-term holders (STHs)—investors who have held Bitcoin for less than six months have emerged. Related Reading: Bitcoin Investors Shift To Strong Distribution As Demand Fades, Glassnode Reveals Short-Term Holder Realized Price: A Key Market Indicator CryptoQuant analyst Yonsei Dent has identified a critical resistance zone between $86K and $90K, where many STHs remain in a loss position. The ability of Bitcoin to break through these levels will determine whether it can regain momentum or continue its downward trend. Yonsei Dent emphasizes the importance of Realized Price, which represents the average acquisition cost of Bitcoin holders. This metric helps identify support and resistance zones by showing at what price level investors are likely to break even or sell at a loss. Currently, Bitcoin is struggling to reclaim the $83,000 resistance, as the weighted average Realized Price for 1W–6M STHs stands at $91.800. This means that many recent buyers are still holding at a loss, creating selling pressure as they attempt to exit at break-even levels. Additionally, the 3–6M STH Realized Price sits at $86.100, making it a major resistance zone. Since this group holds the largest share of Realized Cap among short-term holders, their trading activity could significantly impact Bitcoin’s price movements. What This Means for Bitcoin’s Price Action As Bitcoin trades in the $86,000 to $90,000 range, short-term holders selling at break-even could lead to increased market volatility. If Bitcoin is unable to break past this resistance, it could face renewed downward pressure. On the downside, Bitcoin’s 6–12M Long-Term Holder (LTH) Realized Price sits at $63.700, with $64,000 being a strong historical support level. Yonsei Dent notes that if buying demand is strong enough to absorb selling pressure, Bitcoin may break out of this range and establish a more bullish trend. Related Reading: Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean? However, if selling from short-term holders intensifies, Bitcoin could retest lower support levels before making any significant recovery. The analyst noted: As Bitcoin navigates the $86K → $90K range, STHs looking to exit at break-even may increase market turbulence. The key question is whether buying demand will be strong enough to absorb this pressure. Let’s see how the market responds. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has been experiencing a gradual recovery on a micro level, showing a 1% increase over the past 24 hours, bringing it back above $83,000. However, when viewed from a broader perspective, Bitcoin remains in a bearish trend, down 9.3% in the past week and 24.7% from its all-time high (ATH) in January. This extended downtrend has raised concerns about whether the market is undergoing a deeper correction or if a potential reversal is on the horizon. Related Reading: Bitcoin Shows Signs of Recovery—Is the Whale Sell-Off Finally Over? Possibility Of A Deeper Correction in Bitcoin Analysts seem to have been closely monitoring Bitcoin’s market-value-to-realized-value (MVRV) ratio, which serves as a key indicator of whether Bitcoin is overvalued or undervalued based on historical price trends. CryptoQuant analyst Crypto Dan recently provided insights into Bitcoin’s current market position, noting that the proportion of BTC holdings under one month surged in both March and December 2024, reaching 23% and 24.5%, respectively. This trend mirrors past movements that preceded price corrections. With Bitcoin’s MVRV ratio now at 1.8, close to the 2024 correction low of 1.71, historical patterns suggest that a deeper decline to the $70,000 range could push the metric to similar levels seen in previous market bottoms. Market in an Oversold Zone After a Strong Correction “Even without an additional sharp decline, the market has already been sufficiently lightened, making it a favorable zone for a potential upward move without the need for further significant drops.” – By @DanCoinInvestor pic.twitter.com/mjLOQWlj4U — CryptoQuant.com (@cryptoquant_com) March 13, 2025 Key Indicators Suggest a Potential Rebound Despite the bearish sentiment, Crypto Dan emphasized that market conditions may already be near a turning point. He noted that altcoins have surrendered most of their recent gains, leaving many investors without profits in this cycle. This indicates that the market has already undergone significant deleveraging, reducing the likelihood of further sharp declines. If no major sell-offs occur, Bitcoin could enter a favorable zone for an upward move, even without a drastic drop to the $70,000 range. Dan also pointed out that the market is now in the final phase of its upward cycle, undergoing a strong correction that increases both risk and investment difficulty. However, as the market approaches an oversold state, the probability of a rebound also increases. Related Reading: Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean? Dan highlighted that several key factors will determine whether this rebound materializes, including the strength and magnitude of the price recovery, whale activity, and changes in on-chain metrics during the rebound as well as Bitcoin’s correlation with the stock market and broader economic trends. While the short-term outlook remains uncertain, Dan noted: Despite the current stagnation, most cryptocurrencies, including Bitcoin, are in an oversold state, suggesting that a rebound is not far off. However, it is still too early to definitively conclude that the market has entered a full-fledged bear cycle. Featured image created with DALL-E, Chart from TradingView

Bitcoin is beginning to show signs of a potential reversal after experiencing a prolonged bearish trend. Although the cryptocurrency remains below $85,000, it has recorded a 2.6% increase, with its price currently at $83,510. Despite this short-term uptick, Bitcoin is still down by roughly 7.5% over the past week, reflecting a continued downtrend. Regardless of Bitcoin’s price struggles to regain higher levels, CryptoQuant analyst Avocado Onchain has identified a notable trend in BTC mining activity. Related Reading: Bitcoin’s SOPR Nears Critical Level—Is a Deeper Correction Ahead? Rising Bitcoin  Mining Difficulty and Miner Holding Strategy According to Avocado Onchain, Bitcoin’s mining difficulty has remained in an uptrend even as the market undergoes a 30% correction. The analyst wrote: During the extended correction phase that began in March 2024, mining difficulty saw a temporary drop, leading some to speculate that it resembled the end of the 2021 cycle. However, contrary to those predictions, Bitcoin’s price rebounded sharply. Although it is now undergoing a ~30% correction, mining difficulty continues to climb. Historically, a decline in mining difficulty has been associated with miners shutting down less efficient rigs, which often signals broader market distress. However, current data, according to Avocado suggests that miners have not yet begun offloading large amounts of Bitcoin, indicating that they are holding onto their reserves rather than selling at lower prices. Another key metric Avocado pointed out is the Miner Position Index (MPI). Previously, this metric showed signs of selling pressure in November 2024. However, this activity did not lead to a significant market downturn, according to the CryptoQuant analyst. Instead, miners appear to be maintaining a holding strategy, suggesting that the broader uptrend remains intact. If Bitcoin’s correction extends further, a decrease in mining difficulty could be a potential indicator of miner capitulation, but as of now, the network remains resilient. Stablecoin Transfers and Market Absorption In a separate analysis, CryptoQuant analyst Mignolet has observed a surge in the total amount of stablecoin transfers, a trend that typically does not occur while Bitcoin’s price is declining but rather after a drop, during a market consolidation phase. This suggests that large-scale investors could be absorbing market shocks through over-the-counter (OTC) transactions, reducing the impact of further price declines. Mignolet also noted that increased activity in stablecoin transfers, combined with a rise in active Bitcoin addresses, signals heightened network participation. This pattern has historically indicated spot accumulation, which can serve as a precursor to price recoveries. Related Reading: Bitcoin Drops Below 200-Day MA – Next Key Support Lies At $66K According To Mayer Multiple If accumulation continues while sentiment remains low, the market could enter a phase where a short squeeze forces a rapid upward price movement in Bitcoin. Featured image created with DALL-E, Chart from TradingView

Bitcoin has continued its downward trajectory when observed over weekly and monthly timeframes, recording an 8.4% decline in the past week and a 16.2% drop over the past month. However, in the shorter time frame, signs of potential reversal are emerging. Over the past 24 hours, Bitcoin has seen a slight recovery, with its price rising to $81,647. This shift has led analysts to closely examine whale activity and exchange trends to determine whether the correction phase may be nearing an end. Related Reading: Bitcoin’s SOPR Nears Critical Level—Is a Deeper Correction Ahead? Binance’s Whale Activity and Its Impact on Bitcoin’s Trend One of CryptoQuant’s analysts, Darkfost, has identified a key trend in Binance’s whale activity that could impact Bitcoin’s price movements. Binance, as the largest cryptocurrency exchange by volume, plays a significant role in market liquidity, making its whale activity an important metric to monitor. Darkfost’s analysis of the Bitcoin Exchange Whale Ratio on Binance suggests that whales are reducing their selling pressure, which could signal a shift in market sentiment. The exchange whale ratio measures the proportion of the top 10 inflows to total inflows on an exchange. When this ratio is elevated, it indicates increased whale selling activity, often contributing to short-term price corrections or market consolidation phases. Conversely, a declining whale ratio suggests less selling pressure, which could help stabilize Bitcoin’s price or even contribute to a rebound. According to Darkfost, the declining whale ratio on Binance may indicate that the selling pressure from large Bitcoin holders is easing. Historically, a decrease in whale selling activity has preceded bullish market movements, making this metric a key indicator for traders. If this trend persists, Bitcoin could see reduced downward momentum, potentially setting the stage for price stabilization or recovery. Binance’s Dominance in Spot and Futures Trading In a separate analysis, CryptoQuant analyst Crazzyblockk has highlighted Binance’s continued dominance in both spot and futures markets. Binance holds the largest market share in crypto trading, reinforcing its position as a key player in price discovery and liquidity. Currently, Binance accounts for a 45.5% share of the USDT futures market, significantly ahead of other trading platforms. Crazzyblockk wrote: This highlights Binance as the preferred choice for derivatives trading, offering the best liquidity and execution. Related Reading: Bitcoin To Bottom Around $70,000? Arthur Hayes Says Correction ‘Very Normal’ In A Bull Market In the spot market, Binance maintains a 35% share of the total trading volume, further solidifying its role as the leading exchange in the industry. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has continued its gradual decline, now trading just above $81,000, marking a significant drop from its all-time high (ATH) in January. At the time of writing, BTC stands at $81,086, reflecting a 1.7% increase in the past 24 hours but still showing a 2.3% decrease over the past week. The ongoing correction has raised concerns among investors about whether the asset will recover or enter a prolonged consolidation phase. While there is no definitive reason behind Bitcoin’s ongoing price movements, CryptoQuant analyst Darkfost has highlighted an interesting correlation between BTC and Nasdaq According to Darkfost, Bitcoin is currently more correlated with the Nasdaq index than with the S&P 500, suggesting that macroeconomic factors and broader market sentiment are playing a role in BTC’s performance. This correlation indicates that external market trends, such as changes in US equity markets and monetary policy decisions, might be influencing Bitcoin’s price direction. Related Reading: Michael Saylor’s Strategy Unveils $21 Billion Stock Issuance For Bitcoin Investment Short-Term Holder SOPR and Bitcoin’s Market Cycle Amid Bitcoin’s price fluctuations, CryptoQuant analyst Kripto Mevsimi has examined the Short-Term Holder Spent Output Profit Ratio (SOPR) EMA (155), which provides insights into market cycles and investor behavior. According to Mevsimi, SOPR EMA (155) recently peaked and is now declining, signaling that short-term holders are realizing fewer profits. This trend could indicate that the market is entering a consolidation phase. The analyst further explained that if SOPR approaches 1 and holds as support, it may signal a healthy market reset before the next potential uptrend. However, if SOPR drops below 1, it could indicate increased selling pressure, which may lead to further market weakness. Mevsimi emphasized that for Bitcoin’s bullish trend, which began in early 2023, to continue, SOPR should stabilize around 1 and then trend upward again. Failure to hold this level may suggest a shift in market dynamics, putting Bitcoin’s long-term growth trajectory into question. Whale Accumulation Continues Amid Market Correction While short-term price action remains uncertain, another CryptoQuant analyst, caueconomy, has highlighted a significant accumulation trend among large Bitcoin holders. Over the last 30 days, Bitcoin whales have added over 65,000 BTC to their holdings, reflecting strong buying pressure from major network participants. Caueconomy noted that this accumulation is occurring despite the broader market correction, suggesting that whales are absorbing supply rather than selling off their holdings. Related Reading: Bitcoin’s Downtrend Continues, But Analyst Predicts $180K Target—Is It Possible? This behavior contrasts with miners and exchanges, which often offload BTC to maintain liquidity. If the current accumulation pattern continues for several more weeks, it could resemble the consistent buying pressure seen between November and December, which helped Bitcoin rally in late 2023. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to face challenges in regaining upward momentum, with the cryptocurrency still trading below $82,000 as of today. The asset remains 25.1% below its all-time high of $109,000, recorded in January. Over the past 24 hours, BTC has seen an additional 0.7% decline, reflecting ongoing market hesitation and uncertainty among investors. Amid this price performance, CryptoQuant analyst Avocado Onchain has identified a notable trend in Bitcoin’s price channel. Related Reading: Bitcoin’s Future Comes Down To This One Question, Says Bitwise Bitcoin Coinbase Premium and Market Sentiment Despite Bitcoin’s downward trajectory, the Coinbase premium has been forming higher lows, indicating potential underlying demand. However, the CryptoQuant analyst warns that no clear signals of a breakout or reversal have emerged, leaving the market in an uncertain state. Particularly, according to Avocado Onchain, Bitcoin’s price remains within a declining price channel, with repeated pullbacks making it difficult to determine a clear trend. Avocado noted: So far, there is no decisive movement indicating a full-fledged downtrend, but at the same time, there are no clear signs of a bullish reversal either. The market is becoming increasingly uncertain, creating an environment designed to confuse and unsettle investors. The Coinbase premium, which measures the difference between Bitcoin prices on Coinbase and other exchanges, has shown higher lows despite the downward price action. This could suggest that US-based investors are still accumulating BTC, even as the broader market struggles to find direction. The analyst cautions against overleveraging on bullish news or panic selling during downturns, emphasizing that strategic decisions should be made ahead of time rather than in reaction to market fluctuations. While there is no confirmation of a bear market, Avocado believes that exiting positions based on short-term fear could lead to missed opportunities in the long run. The analyst wrote: From my perspective, there isn’t enough data to declare a bear market at this point. Abandoning positions now could end up being an ill-timed exit rather than a calculated decision. Miner Selling Pressure and Market Implications Adding to the market pressure, CryptoQuant analyst IT Tech has noted a spike in BTC miner selling activity. Data shows that as Bitcoin dropped to $77,700, miners increased their BTC transfers to exchanges, a move that historically signals selling pressure at market lows. Related Reading: ‘The Magic Line’: Key Support Level At $74,000 Determines Bitcoin Bull Or Bear Future Miners often sell BTC to cover operational costs, especially during price declines. If miner selling pressure continues, it could limit Bitcoin’s ability to recover in the short term. However, if buyer demand remains strong enough to absorb the excess supply, Bitcoin may stabilize at its current levels before attempting a rebound. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has continued its downward trend, struggling to regain momentum after reaching its all-time high of $109,000 in January. Over the past week, Bitcoin has declined by 14.6%, with its price dropping an additional 4.4% in the last 24 hours. As of today, Bitcoin is trading at $79,766, pushing it nearly 27% below its ATH. Amid this price performance, CryptoQuant analyst ibrahimcosar has closely examined Bitcoin’s price movements, focusing on the CME gap phenomenon, which has historically played a role in Bitcoin’s short-term fluctuations. Related Reading: Crypto Pundit Dumps Bitcoin Holdings Sub-$100,000, Lists Reasons Why It’s Time To Short What To Expect From Bitcoin Based On CME Gap In his latest analysis, Ibrahim highlighted how BTC opened at $82,110 on the CME, creating a gap up to the $86K level. According to him, this price gap could provide clues about Bitcoin’s next move, potentially leading to a short-term attempt at reclaiming $86K–$90K in the coming days. The CME gap refers to the difference between BTC’s closing price on the Chicago Mercantile Exchange (CME) before the weekend and its opening price after the weekend. These gaps often get filled as BTC’s price moves back to the levels where the trading pause occurred. Ibrahim notes that Bitcoin previously formed a $10,000 gap on February 28, which was quickly filled within 19 hours. Now, with BTC currently trading around $79K–$80K, the analyst suggests that another gap has formed above the current price range, indicating that Bitcoin may attempt to fill the $86K–$90K region within the next one to two days. However, he cautions that this does not necessarily signal a full reversal in BTC’s downtrend. Instead, he maintains that Bitcoin’s broader trend remains uncertain, and its price action through March and early April will be key in determining whether a stronger recovery is on the horizon. Key Support Levels and Market Sentiment Another market analyst, ShayanBTC, has pointed to $83,000 as a critical support level, based on Bitcoin’s interaction with the Realized Price of 3-6 Month UTXOs. This metric tracks the average acquisition price of mid-term holders and has historically acted as a significant support or resistance zone. Shayan disclosed that BTC recently tested this level, and holding above it could signal strong investor confidence, potentially reinforcing bullish sentiment. However, Bitcoin’s decline below $80,000 suggests that this $83,000 support level has already been breached. If Bitcoin fails to regain ground above this threshold, market sentiment could shift towards fear, leading to increased selling pressure from mid-term holders. In this scenario, BTC could enter a distribution phase, where short to mid-term investors sell their holdings, further driving the price downward. Ibrahim has identified the $78,000–$80,000 region as the next key support zone, which may determine BTC’s near-term trajectory. Featured image created with DALL-E, Chart from TradingView

Bitcoin has continued its downward trend despite briefly surging to $94,000 last week, a move that had initially fueled investor optimism. Since hitting that level, the cryptocurrency has steadily declined, now trading below $80,000 as of today. While the short-term price action suggests a bearish outlook, some analysts remain confident about Bitcoin’s potential for long-term growth. Bitcoin’s Price Outlook: $180K Within Reach? One of CryptoQuant’s contributors to the QuickTake platform, ibrahimcosar, recently shared his perspective on Bitcoin’s price trajectory, offering a bold prediction for its next all-time high (ATH). In his latest analysis, the analyst reiterated his long-term expectation that Bitcoin could reach $180,000 by 2026, citing historical price cycles and institutional projections that align with his forecast. According to Ibrahim, Bitcoin’s price movements over the past year have followed a familiar pattern seen in previous bull cycles. The analyst pointed out that major financial institutions have recently begun making similar long-term projections, validating his earlier forecasts. While Bitcoin currently trades below $80,000, he believes that the asset has the potential to more than double in value within the next two years. If Bitcoin follows historical patterns, the $150K–$200K range could be achieved in the upcoming bull cycle. The analyst emphasized that investors who enter the market at current levels could see over 100% returns, provided Bitcoin reaches its predicted target by 2026. However, he also noted that timing the market correctly is crucial, as buying at key support levels has historically presented the most favorable opportunities for long-term gains. Ibrahim wrote: In summary, those investing in Bitcoin at these levels have the potential to gain over 100% in dollar terms without even waiting a year. Buying in the right regions and at the right times can present significant opportunities. Short-Term Market Trends and Buying Opportunities While long-term projections remain bullish, Bitcoin’s short-term price action continues to fluctuate. Another CryptoQuant analyst, BilalHuseynov, provided insights into open interest (OI) trends, which may indicate whether this is a favorable time to buy Bitcoin. According to BilalHuseynov, the 7-day change in open interest has entered a “deleveraging” phase, a signal that has historically aligned with potential buying opportunities. Related Reading: Bitcoin Could Rally Above ATH To $128K – On-Chain Indicator Signals Potential Recovery The last time this occurred was in August 2024, when Bitcoin was trading between $58,000 and $60,000 before rallying to an all-time high of $106K. If historical trends repeat, the current market conditions could set the stage for a similar recovery. The CryptoQuant analyst noted: When the OI ratio’s change for 7 days down to the section, that means we can define the time to buy. Since August 2024, we have been observing one of the deepest areas in the Crypto Market. To remember, at this time (2024 Aug), Bitcoin’s price was around 58 – 60k. After that, the price goes up to ~106k. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price continues to move between bullish and bearish territory, reflecting ongoing uncertainty in the market. After reaching $94,000 earlier this week, the cryptocurrency has since retreated below $90,000, marking an approximately 18% drop from its all-time high (ATH) of $109,000 recorded in January. This latest pullback highlights the shifting sentiment among investors and the increasing influence of large holders, or whales, in the market. Related Reading: Bitcoin Enters ‘Optimism Stage’—Is a Massive Rally About to Begin? Whales Are Finally Back, Data Shows CryptoQuant analyst Darkfost has identified a notable trend in Bitcoin whale behavior, revealing that these influential market participants had been reducing their holdings for over a month, marking the longest period of net decline in the past year. However, recent data indicates that whales are beginning to increase their Bitcoin holdings again, shifting the monthly percentage change into positive territory. If this trend continues, it could signal a potential return of bullish momentum, as previous instances of whale accumulation have often preceded upward price movements. According to Darkfost’s analysis, whales play a crucial role in shaping Bitcoin’s price direction due to the sheer volume of BTC they control. ????Whales are finally back. Whales have been reducing their holdings for over a month now, marking the longest period of net decline over the past year. However, their behavior has recently shifted, as whales began increasing their holdings again, pushing the monthly percentage… pic.twitter.com/SA8Ww9CEsH — Darkfost (@Darkfost_Coc) March 6, 2025 Their renewed accumulation suggests confidence in the asset’s long-term value. Historically, increased whale buying activity has coincided with periods of price stability or growth, making this a key indicator for traders and investors. Coinciding With US Bitcoin Reserve Plans The resurgence of whale interest in BTC coincides with reports of US President Donald Trump signing an executive order to establish a strategic Bitcoin reserve. CryptoQuant analyst Maartuun has provided insights into this development, suggesting that the United States could officially become a long-term holder of Bitcoin. The reserve may be funded using seized BTC, which currently stands at 188,898 BTC, valued at approximately $18.14 billion. If implemented, this move could significantly reduce selling pressure in the market, as these holdings would be secured rather than liquidated. In addition to securing its existing Bitcoin holdings, reports suggest that the US government may consider purchasing additional BTC. Maartuun citing Bloomberg disclosed that this initiative could lead to an expansion of the strategic BTC reserve, reinforcing Bitcoin’s status as a long-term asset for institutional and sovereign investors. According to Maartuun, if these reports materialize, it could introduce a new dynamic to Bitcoin’s supply and demand, potentially influencing its price trajectory. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has once again turned bearish after briefly recovering to $94,000 on Monday. Notably, the cryptocurrency had shown signs of strength earlier this week following a period of decline, but the recovery was short-lived. As of today, Bitcoin slipped below $90,000, marking a 1.8% decrease in the past 24 hours. According to CryptoQuant analyst Crazzyblockk, one key factor contributing to this downward movement appears to be increased selling pressure from large Bitcoin holders. Related Reading: Historic Bitcoin Buy Signal: DXY’s Collapse Signals A Bigger Bull Run Whales and Large Holders Drive Selling Pressure on Binance Crazzyblockk in his latest insight highlights how whales and other large investors on Binance are actively offloading BTC as prices rise. This trend suggests that experienced traders are taking advantage of market optimism to exit their positions, potentially limiting Bitcoin’s short-term upside potential. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 The trend also comes at a time when whale to Binance flow sees a consistent increase. Crazzyblockk’s analysis of on-chain data from Binance particularly indicates that large Bitcoin holders—categorized as fish, sharks, and whales—are selling into market rallies. The data reveals that the larger the holder, the more strategically they distribute their Bitcoin holdings. These entities account for an increasing share of daily sell-side activity on Binance, suggesting that they are actively shaping Bitcoin’s price movements. As Bitcoin’s price trends upward, whale activity on Binance has intensified, with more BTC flowing into the exchange. The report highlights that while retail investors—often referred to as shrimps—have remained relatively inactive, whales and sharks are capitalizing on rising prices to take profits. This consistent distribution from high-value holders has created sustained downward pressure, preventing Bitcoin from making a parabolic move higher. Bitcoin Market Outlook: Can Accumulation Offset Whale Selling? With large holders continuing to offload BTC, the risk remains that any further upside could trigger even more selling pressure, reinforcing resistance levels. This dynamic means that Bitcoin’s price movement could remain constrained unless new accumulation from long-term investors or institutional buyers offsets the selling trend. Related Reading: Bitcoin Bullish Signal: $900 Million In BTC Leaves Exchanges Crazzyblockk emphasizes that tracking Binance’s whale activity is crucial for understanding market direction. Since these large holders are not just participants but also price movers, their actions can provide insight into short-term market trends. If whale selling slows and new accumulation picks up, Bitcoin could find support and regain momentum. However, if the current trend continues, further downside pressure remains a possibility. Featured image created with DALL-E, Chart from TradingView

Bitcoin has been showing signs of recovery after a sharp decline that pushed its price below $80,000 last week. The cryptocurrency briefly surged to $92,756 in the early hours of today before retracing to $90,279, marking a 0.7% increase in the past 24 hours. While price action remains volatile, market sentiment indicators are signaling a crucial phase for Bitcoin’s trajectory, according to CryptoQuant analyst Woominkyu. Related Reading: Bitcoin’s Next Stop: $75,500? Analyst Reveals Historical ‘Magnet’ Level Bitcoin’s Market Cycle: Entering the Optimism Stage In a recent analysis titled “FOMO is Not Here Yet”, Woominkyu highlights Bitcoin’s Fear & Greed Index, which tracks overall investor sentiment. The index, based on a 30-day moving average (SMA 30), maps Bitcoin’s market cycles to different psychological stages observed in past rallies. This indicator has historically helped identify when Bitcoin is in the early stages of a bull run—or when excessive optimism may lead to corrections. According to Woominkyu, Bitcoin has now entered the “Optimism Stage”, a phase historically associated with the early stages of a strong rally. In past cycles, when Bitcoin reached this level, the market often gained upward momentum, leading to further price increases. However, the analyst warns that if the index continues rising toward the Euphoria Stage, it could indicate excessive market optimism, which has often preceded steep corrections. The key observation from Woominkyu’s analysis is that, despite Bitcoin’s recovery, FOMO (fear of missing out) has not yet fully set in among investors. This suggests that while sentiment is improving, Bitcoin is not yet in a speculative bubble. The coming weeks will be critical in determining whether the market follows past patterns—moving higher from the Optimism Stage—or if external factors push Bitcoin into a correction. Whale Activity In The Market While sentiment indicators provide insights into market psychology, whale activity is another key factor influencing Bitcoin’s price movement. A separate analysis by maartunn, another CryptoQuant contributor, has revealed that whale deposits to Binance have reached a three-month high, with over $7.3 billion worth of Bitcoin sent to the exchange in the past 30 days. These movements suggest that large-scale investors are actively positioning themselves, which could lead to increased volatility in the market. Historically, significant whale activity has coincided with major price swings, making it an important metric to monitor. Whale to Binance Flow Hits 3-Month High at $7.3B Over Last 30 Days “This often happens alongside heavy changes in price and shows that large holders choose Binance as their exchange. Watching whale deposits is important, as their moves can drive the market.” – By @JA_Maartun pic.twitter.com/psD3zuDXf3 — CryptoQuant.com (@cryptoquant_com) March 6, 2025 Featured image created with DALL-E, Chart from TradingView