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Bitcoin and Ethereum both posted modest gains in the past week, with BTC rising 6.2% and ETH up by 9.6%. However, momentum appears to have paused at the start of the new week. As of Monday, Bitcoin trades just above $107,000 after a slight 0.6% daily dip, while Ethereum has remained flat over the past 24 hours. Analysts have turned to blockchain data and macro signals for cues on where the market may head next. Related Reading: Bitcoin Freezes Over $100,000 As OG Whales ‘Dump On Wall Street’: Expert Bitcoin and Ethereum Onchain Trend Recent insights from CryptoQuant Quicktake platform contributor Amr Taha provide some context behind the price action. In a detailed post, Taha noted that Ethereum inflows to Binance have continued for five consecutive days, a trend that could suggest either rising sell pressure or repositioning by major players. At the same time, data from Bitcoin’s short-term holder (STH) Net Position Realized Cap shows a notable reversal, increasing from negative $49 billion to over $5 billion. This pattern is typically associated with increased activity from retail investors, especially during periods of upward price movement. Taha noted: Historically, spikes in (STH) occur near potential market tops, as retail investors tend to FOMO into Bitcoin rallies. While this doesn’t necessarily signal a reversal, it has often preceded short-term corrections or periods of sideways consolidation. Bitcoin’s steady climb in June, despite occasional pullbacks, appears to have encouraged smaller investors to re-enter the market. In the case of Ethereum, another CryptoQuant analyst, “crypto sunmoon,” pointed to continued accumulation by long-term holders during last month’s price consolidation. This suggests a different dynamic is at play on the Ethereum side, with more patient capital building positions amid ongoing price suppression. Long-term holder accumulation often indicates growing confidence in an asset’s future, even if current market conditions appear lackluster. US Policy and Macro Risk Add Layers to Market Outlook Beyond market behavior, external factors may also shape crypto price action. Amr Taha highlighted recent political developments in the United States, particularly former President Donald Trump’s announcement of a proposed Senate bill promising wide-reaching tax cuts. The bill, which excludes taxes on tips, overtime, and Social Security income, could lead to an increase in consumer liquidity. If passed, this could impact investor appetite across both traditional and digital markets by temporarily boosting household spending power. Related Reading: Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe? However, not everybody is convinced of the bill’s long-term implications. Tesla CEO Elon Musk warned that the measure, if not accompanied by spending cuts, could expand the federal deficit and lead to economic instability over time. Large fiscal imbalances often have ripple effects on monetary policy, potentially affecting interest rates, inflation expectations, and risk sentiment, all of which can influence investor behavior in crypto markets. Taha concluded: Geopolitical disturbances can significantly impact investor sentiment. In response, investors might reconsider their positions in asset markets, possibly moving away from riskier assets and equities toward more stable options like bonds or safe-haven currencies. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to maintain its upward trajectory following a minor correction, now trading at $107,251, reflecting a 2.3% increase over the past week. Although still trailing its May all-time high of $111,000 by around 4%, the asset’s price action signals a notable return of momentum. The crypto market, led by Bitcoin, has seen renewed trading activity in recent weeks as investor sentiment oscillates between bullish optimism and profit-taking behavior. According to new on-chain data analyzed by CryptoQuant contributor Amr Taha, Bitcoin may be approaching a critical phase that demands greater attention from market participants. Related Reading: $179,000 Or $79,000? Bitcoin Faces Critical Cycle Pivot, Says Analyst Open Interest Spikes Signal Potential Profit-Taking Zones In his analysis titled “Binance Open Interest Spikes and Long-Term Holder De-risking: Bitcoin is Approaching a Turning Point”, Taha highlights two developing trends: repeated spikes in open interest on Binance and a significant drawdown in long-term holders’ exposure. Both indicators, he suggests, reflect changing market dynamics that could influence Bitcoin’s short-term trajectory. One of the key observations from Taha’s analysis is the behavior of Binance’s 24-hour open interest (OI), which has exceeded 6% for the third time in two months. Historical patterns indicate that previous occurrences on May 26 and June 10 were followed by short-term price corrections or periods of consolidation. These spikes often indicate an increase in leveraged trading positions, which tend to precede short-term profit-taking as traders seek to lock in gains. This trend may suggest that Bitcoin is entering another phase of heightened volatility where rapid shifts in market sentiment could influence price direction. The presence of leveraged positions, particularly at elevated price levels, increases the likelihood of sudden liquidations or pullbacks. While this does not confirm an imminent reversal, it marks a zone where caution may be warranted, especially for short-term traders. Such spikes in open interest often act as precursors to more conservative positioning or brief market cooling periods. Bitcoin Long-Term Holders Reduce Risk Exposure In addition to rising speculative activity, a separate trend tracked by Taha focuses on the behavior of long-term holders (LTHs). Data shows that the LTH Net Position Realized Cap, a measure of the realized value of Bitcoin held by these investors, has declined sharply, falling from over $57 billion to just $3.5 billion. This reduction points to active profit-taking among more strategic investors, possibly in response to macroeconomic developments or uncertainty surrounding the current market cycle. Related Reading: Bitcoin Price Could Rally To $110,000 ATH As These Macroeconomic Factors Align While this shift in behavior does not automatically imply a bearish outlook, it suggests that experienced investors are trimming exposure after a notable price rally. Historically, long-term holders have exhibited a higher degree of market foresight, making this activity worth noting. Combined with elevated open interest and a potential cooling-off period, these developments highlight the possibility of increased short-term volatility without fundamentally altering the long-term bullish structure of Bitcoin’s market. Featured image created with DALL-E, Chart from TradingView

Ethereum is currently trading in a period of subdued price movement, reflecting broader consolidation across the crypto asset market. At the time of writing, ETH is trading around $2,423, marking a slight 0.9% daily decrease and standing more than 50% below its all-time high of $4,878. This stagnation has coincided with a broader lack of catalysts to drive a sustained rally, leaving traders cautious about Ethereum’s near-term trajectory. Despite this lack of price momentum, network activity on Ethereum tells a different story. Related Reading: Ethereum Reclaims $2,444 Level – Bullish Continuation In Focus Ethereum On-Chain Metrics Point to Increased Network Engagement According to CryptoQuant analyst Carmelo Alemán, the number of confirmed transactions on the Ethereum network recently spiked to 1,750,940, making it the third-highest daily transaction count in its history. Alemán notes this trend may signal underlying usage strength, even as market participants wait for a more significant price response. Alemán’s analysis focuses on Ethereum’s “Transaction Count (Total)” metric, which captures all forms of activity, including ETH transfers, smart contract executions, and interactions with decentralized applications and DeFi protocols. The recent surge reverses a months-long downtrend and represents the highest transaction count since January 14, when Ethereum recorded 1.96 million transactions. According to Alemán, this spike may be driven by increased arbitrage, trading activity, and interactions with Layer 2 networks, which continue to absorb substantial transaction volume. Platforms like Arbitrum and Optimism remain key contributors to Ethereum’s broader usage. He further points out that, despite ETH price volatility within the $2,100–$2,880 range in recent weeks, the uptick in network traffic may hint at early-stage accumulation or renewed DeFi interest. This dynamic, while not immediately reflected in the asset’s valuation, suggests that Ethereum’s core infrastructure continues to see meaningful use. Speculative Behavior and Exchange Flows Raise Short-Term Concerns Separately, another CryptoQuant analyst, Amr Taha, has examined Ethereum’s recent technical setup from a derivatives market perspective. Taha highlights that ETH funding rates on Binance have shifted from negative to positive territory, a sign that leveraged long positions are building, which may reflect expectations of continued price upside. However, this shift also raises the potential for overextension, particularly if longs begin to dominate positioning. Related Reading: Ethereum Fakes Out Bears – Altcoin Rally Depends On Key Level Breakout Taha also references a recent retest of a key short-squeeze zone, during which market participants who had shorted ETH were forced to close positions, triggering rapid buy orders. Such moves can generate short-term surges, but they’re often followed by correction phases once speculative energy fades. Meanwhile, exchange data showed more than 177,000 ETH deposited on Binance over three days, indicating potential sell pressure or repositioning by large holders. Featured image created with DALL-E, Chart from TradingView

Bitcoin is treading cautiously below the $110,000 level, signaling a pause in momentum after recent highs. At the time of writing, the asset is priced at $106,841, marking a mild 0.4% decline over the past 24 hours. Despite brushing a daily high of $107,884, BTC appears to be consolidating in a narrow range, with market participants watching for the next significant move. Amid this relatively flat price action, on-chain trends suggest that not all is quiet under the surface. A new analysis by CryptoQuant contributor “oinonen” sheds light on wallet activity within Binance, one of the largest crypto exchanges by trading volume. Related Reading: Bitcoin Retests $108,000, But Holders Disagree On Direction Bitcoin Mid-Tier Investors Take Center Stage on Binance Oinonen’s findings point to a sharp increase in whale-level participation, as well as a notable contribution from mid-tier investors, which could have implications for broader market behavior. Citing CryptoQuant’s on-chain metrics, the analyst revealed that Binance’s inflow data shows that wallets depositing between 10 and 100 BTC now account for 40% of all Bitcoin inflows. These wallet sizes typically belong to high-net-worth individuals, trading firms, or mid-sized institutions—those who sit between retail traders and deep-pocketed whales. In contrast, whale-level inflows (100–1,000 BTC) currently represent 20% of the total, highlighting that mid-tier players may be driving more exchange activity than larger whales at this time. Interestingly, whale activity still made a major appearance recently. On June 16, inflows of 10,000 BTC surged and made up 83% of total exchange inflows on Binance that day, reinforcing earlier observations from Oinonen about increased whale presence over the past year. According to CryptoQuant’s whale ratio metric, that presence has reportedly jumped by as much as 400% since mid-2023. Binance Deposit Data Points to Rising Institutional Interest Beyond just inflow ratios, Binance’s overall deposit metrics suggest a growing trend of larger average deposits. The average Bitcoin deposit rose from 0.36 BTC in 2023 to 1.65 BTC in 2024. The exchange processed $21.6 billion in user fund deposits in 2024, roughly 40% more than the combined totals of the next ten crypto exchanges. Despite the growing institutional footprint, the significant portion of deposits in the 10–100 BTC range shows that mid-level market participants remain active contributors to the trading ecosystem. Related Reading: Is The Bitcoin Top In? Bitcoin MVRV-Score Has The Answer This data may reflect a broader shift in how BTC is being accumulated and moved, where influence is shared between whales and mid-sized investors. While whale flows often generate headlines, the consistent presence of mid-tier wallets can signal healthier market participation and a more distributed form of liquidity provision across the board. With Bitcoin still consolidating near key price levels, these on-chain trends could help shape its next breakout, whenever it comes. Featured image created with DALL-E. Chart from TradingView

Miners are earning less than at any point this year, but they’re still holding onto their coins.

Bitcoin has regained some upward momentum, with its market price currently hovering around $107,155 at the time of writing. This marks a 0.4% decrease in the past 24 hours, and a 4.3% drop below its all-time high of $111,000, set in May. Despite the rebound, analysts are closely watching for potential shifts in momentum as a number of market indicators and macroeconomic signals suggest a more cautious short-term outlook. Among the recent developments drawing attention is a sharp rise in Net Taker Volume on Binance, along with significant stablecoin outflows from derivative platforms. CryptoQuant analyst Amr Taha noted in a recent market commentary that these changes could indicate increased speculative activity. While some traders interpret such surges as bullish signals, they often occur due to short liquidations or sudden retail buying rather than consistent organic demand. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment Derivatives Activity and Fed Commentary Fuel Market Caution On June 24, Binance’s Net Taker Volume crossed $100 million for the first time since early June. This level of activity, according to Taha, can sometimes signal buying momentum but may also point to forced closures of short positions, especially in high-leverage environments. Taha emphasized that without strong capital inflows to back the movement, these bursts tend to be short-lived. Simultaneously, more than $1.25 billion in stablecoin liquidity has exited derivative exchanges, marking the largest capital outflow from these platforms since May. These outflows reduce the base for opening new leveraged positions, potentially dampening future market momentum. Taha also pointed to external economic cues, particularly a recent statement by US Federal Reserve Chair Jerome Powell. During his testimony before Congress, Powell signaled that rate cuts may be on the table depending on upcoming economic conditions. While looser monetary policy is often viewed as favorable for risk assets like Bitcoin, the shift also reflects underlying uncertainty. The analyst also mentioned that the Swiss Franc, traditionally seen as a safe-haven currency, has also surged against the US dollar, suggesting that some investors are leaning risk-off amid broader macroeconomic developments. Market Structure Remains Firm, But Momentum Is Slowing Separately, another CryptoQuant analyst known as Crypto Dan offered a different perspective using a bubble chart model that visualizes trading volume trends across exchanges. According to Dan, Bitcoin is currently experiencing a “cooling” phase. This implies reduced trading activity without dramatic spikes in volume, often seen as a sign that the market is consolidating rather than overheating. Related Reading: CME Gap At $92,000: Is A 12% Retrace Inevitable For Bitcoin? He noted that while BTC remains close to its all-time high, the path forward may depend on macroeconomic catalysts such as confirmed interest rate cuts or regulatory clarity. Featured image created with DALL-E, Chart from TradingView

Ethereum is once again aligning with the broader crypto market recovery as its price begins to reclaim ground lost during recent downturns. After briefly dropping to a local low of $2,177 over the weekend, the second-largest cryptocurrency by market capitalization has climbed back above $2,400. At the time of writing, Ethereum is trading at approximately $2,412, though it still reflects a 2.9% loss over the past week and a 2.4% dip over the last two weeks. Amid this price performance, a CryptoQuant analyst has assessed Ethereum’s interaction with the 50-day Exponential Moving Average (EMA), a commonly used trend indicator, and came up with an outlook on where the asset is likely headed. Related Reading: Ethereum Whale Loads Up: $422M In ETH Bought In Under a Month Ethereum Key Resistance Levels and Historical Price Patterns According to a recent post by CryptoQuant contributor İbrahim COŞAR, Ethereum is approaching a pivotal moment that could define its next price trajectory. The analyst believes that a decisive break above the 50-day EMA could propel ETH to the $2,800 level, with a further push toward $4,000 if resistance levels are breached. In his analysis, İbrahim COŞAR emphasizes that Ethereum must close consistently above the $2,500–$2,600 range to confirm a breakout. Past data suggests that ETH has previously moved sharply after breaking out of similar consolidation zones. Specifically, in an earlier phase, Ethereum oscillated between $2,100 and $2,800 before moving strongly to $4,000. A similar move could unfold if ETH can surpass the $2,800 resistance in the current market cycle. COŞAR also noted that Ethereum’s 50-week EMA remains a longer-term resistance barrier. A breach of this technical ceiling, combined with strong daily closes above short-term resistance levels, could indicate the beginning of a more aggressive upward trend. However, the analyst advised caution, pointing out that macroeconomic and geopolitical events, particularly those involving the US, Israel, and Iran, could trigger market volatility. He recommended avoiding excessive leverage during such periods. Additional Technical Perspectives Point to Further Gains Javon Marks, another crypto market analyst, presented a more aggressive outlook for Ethereum. In a recent post, Marks observed that Ethereum has broken above a descending trend line, which historically aligns with upward price continuation. He projected that Ethereum could see an 81% gain to reach a target price of $4,811.71. Furthermore, if momentum builds, an additional rally could extend gains by another 77%, pushing prices toward $8,557.68. These projections are not guaranteed, but they highlight growing optimism in Ethereum’s market structure, especially among traders who base strategies on technical chart formations. Related Reading: Ethereum Bounces Hard After Support Bluff, A False Alarm Or Fresh Rally? Despite recent volatility, the broader sentiment appears to favor a continuation of the upward trend, provided critical resistance levels are overcome and no major disruptive events emerge. Featured image created with DALL-E, Chart from TradingView

Following a weekend dip, Bitcoin has reclaimed the $100,000 price mark, signaling renewed short-term strength amid geopolitical tensions. As of the time of writing, BTC is trading at $105,323, up by 4% in the last 24 hours. The price recovery arrives in broader investor sentiment shifts, both in on-chain behavior and exchange activity. A recent analysis from CryptoQuant’s analyst Darkfost sheds light on a multi-year transition among Bitcoin holders. The analyst observes that fewer Bitcoin addresses are depositing coins onto exchanges, a trend that has persisted since the end of the 2021 market cycle. This declining activity may not necessarily suggest fading interest in BTC, but rather a transformation in how investors interact with the asset, potentially hinting at longer-term strategies becoming the norm. Related Reading: Bitcoin’s Drop Below $100k Sparks Bearish Chatter, But Data Says Something Else Decline in Exchange Deposits Suggests Structural Market Shift According to Darkfost, between 2015 and 2021, the number of Bitcoin addresses depositing funds to exchanges steadily increased, peaking at an annual average of around 180,000. However, this upward trend has reversed sharply in the years since. The 10-year moving average now hovers around 90,000, while the 30-day average has fallen to 48,000. Most recently, the daily figure dropped to just 37,000. Darkfost mentioned: This reflects a significant behavioral change among BTC investors, which can likely be attributed to several key factors : – One major factor is the arrival of ETFs, which allow exposure to Bitcoin’s price performance without the complexity or risk of directly managing the asset. Additionally, the current market cycle has seen relatively low retail participation, which historically contributed to exchange deposits. More notably, an increasing number of investors, ranging from individuals to institutions, are treating Bitcoin as a long-term store of value or treasury reserve asset rather than a short-term speculative vehicle. The CryptoQuant analyst added: These shifts, which have emerged gradually over time, are precisely what drive Bitcoin’s evolving identity in financial markets. It may well be this transformation that ultimately solidifies BTC’s role as a store of value. Bitcoin Whale Accumulation Patterns Emerge Amid Lower Volume In a separate analysis, another CryptoQuant analyst, Mignolet, focused on activity by large holders on the Bybit exchange. He highlighted that as general market interest and trading volume diminish, the trading patterns of whales become more visible. Mignolet noted that previous periods of reduced sentiment and low volume often saw significant whale accumulation, which historically preceded upward price movements. Related Reading: Bitcoin Repeats Its 2021 Pattern—Analyst Warns Final Crash Still Ahead This pattern, according to Mignolet, appears to be repeating. Since Bitcoin’s local bottom in April, consistent accumulation by large entities has been observed on Bybit. He suggested this could be a signal of underlying market confidence, particularly when retail activity is minimal. While not a guaranteed forecast, historical parallels imply that such behavior may again precede broader price strength, lending weight to ongoing consolidation as a potential setup for future momentum. Featured image created with DALL-E, Chart from TradingView

Bitcoin has rebounded slightly after dropping below the $100,000 mark, a decline attributed to escalating geopolitical tensions. The digital asset reached lows of approximately $98,974 following reports of US military strikes on Iran. At the time of writing, Bitcoin has regained some ground and is trading at $102,1010, representing a 2.4% increase over the past 24 hours and a 5.82% decrease over the last week. Amid this price performance, recent on-chain analysis points to a phase of consolidation rather than a structural breakdown. CryptoQuant analyst Darkfost shared in a QuickTake post that long-term Bitcoin holders appear to be maintaining their positions rather than exiting, indicating continued conviction despite short-term volatility. Related Reading: Bitcoin Crashed Below $100,000 Amid US Airstrikes On Iran And Market Sell-Off Bitcoin On-Chain Indicators Signal Consolidation, Not Capitulation According to Darkfost, the current market behavior is reflective of a quiet consolidation period, with long-term holders showing little inclination to sell. Based on the 30-day moving average of Binary Coin Days Destroyed (CDD), his analysis shows that the metric has stayed below the 0.8 threshold typically associated with major corrections. The value recently peaked at 0.6 before trending downward, suggesting limited market overheating at present levels. Darkfost emphasized that this moderation could precede a continuation of the broader bull cycle, mirroring past market structures where consolidation phases led to further price advances. He noted that past bull runs have often been characterized by a “staircase” trajectory, periods of sideways or modest downward movement followed by renewed upward momentum. In this context, subdued sentiment may indicate that the market is preparing for a potential next leg higher. The analyst wrote: Importantly, this does not signal the end of the bull cycle. Instead, similar to the past two phases, we may once again see a staircase-like movement where consolidation is followed by another leg up. Historically, Bitcoin’s explosive rallies tend to occur when market attention fades and sentiment is quiet, making the current silence potentially a precursor to the next big move. Whale Behavior Remains Steady Amid Market Tensions Complementing this outlook, another CryptoQuant contributor, Mignolet, provided insight into whale activity during the current consolidation phase. He noted that while the market setup resembles the double-top formation seen in 2021, key on-chain signals from whales have not aligned with those seen during that previous peak. Specifically, Ethereum transaction outflows, often used as a proxy for large investor exits, have not shown the kind of spikes observed during the 2021 market top. Related Reading: Bears Will Be Washed Out Of Bitcoin If This Happens Mignolet pointed out that although Ethereum has seen a gradual decline in market share relative to other layer-1 and layer-2 chains since 2020, its transactional data still maintains a strong correlation with Bitcoin price movements. The absence of aggressive exit activity among large holders suggests that major market participants are not rushing for the exits, despite heightened geopolitical uncertainty and short-term price volatility. Featured image created with DALL-E, Chart from TradingView

Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark earlier today. At the time of writing, the cryptocurrency is trading at $105,383, reflecting a 0.8% increase over the past 24 hours. While this upward move has not sparked a major breakout, analysts are paying close attention to on-chain and market structure indicators that suggest a cautiously balanced environment. Related Reading: Analyst Warns Of Bitcoin Breakdown—’If This Continues, It Snaps’ On-Chain Data Points to Equilibrium, But Demand Wanes According to CryptoQuant analyst Darkfost, the market currently lacks extreme signals of profit-taking or panic. In a recent analysis, Darkfost explained that realized profits over a seven-day moving average remain below $1 billion. This is in line with figures observed during the market correction in late 2024 and significantly below peaks seen in early 2025. The analyst suggests that the current realized profit levels point to a market that is not under pressure from large-scale investor exits, supporting the ongoing consolidation. In the same report, Darkfost also discussed how a decline in demand may be limiting further upward momentum. By analyzing the ratio of new supply to the supply held inactive for over a year, the study observed that while demand remains positive, it has been weakening since Bitcoin’s local high in May. This suggests that although the market is absorbing existing selling pressure, fresh buying interest is not strong enough to trigger a new rally. As a result, the market appears to be in a state of temporary equilibrium, a phase where both sellers and buyers are relatively inactive. Bitcoin Traders Brace for Volatility in a Crowded Range Another CryptoQuant analyst, BorisVest, echoed the sentiment of a tightly contested market by analyzing Binance order flow and position data. He noted that Bitcoin has traded within a range of $100,000 to $110,000 for nearly a month. Within this band, both long and short positions have been building, and traders are watching the extremes of this zone closely. According to BorisVest, any breakout beyond $110,000 or drop below $100,000 could set the tone for the next significant price movement. The $100K–$110K price range has become a battleground for both bulls and bears. BorisVest observed that short positions are currently increasing, indicating that a significant portion of market participants expect a downward correction. Related Reading: Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say ‘Watch This Level’ However, he also pointed out that when shorts dominate, the risk of a sudden reversal, known as a short squeeze, becomes more likely. This behavior is consistent with recent funding rate trends, which show a fairly balanced distribution of long and short bets. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to trade below its recent all-time high as selling pressure and macroeconomic developments keep the asset in consolidation. At the time of writing, BTC is priced at $104,835, down 2.1% over the past week and around 6.3% off from its peak of $111,814 recorded last month. Despite the broader trend, on-chain data reveals emerging patterns that may signal what could come next in the market. Following the Federal Reserve’s decision to keep interest rates unchanged in its latest policy meeting, analysts have noted diverging trends in Bitcoin’s price and derivatives market activity. Related Reading: Bitcoin’s Momentum Wobbles—Analyst Predicts Correction Below $94K Derivatives Deleveraging and Liquidation Clusters Shape Price Structure According to Amr Taha, a contributor on CryptoQuant’s QuickTake platform, BTC has been hovering above the $104,000 support zone, where strong demand appears to be absorbing sell pressure. However, Taha pointed out that open interest on Binance has declined, forming lower lows, a sign that the derivatives market is undergoing progressive deleveraging. Taha’s analysis emphasized a technical divergence: while price has remained relatively stable around the $104,000 level, open interest has been falling. This divergence suggests that traders are reducing leveraged positions, possibly due to market uncertainty or as a response to the Fed’s cautious stance. Notably, the $104K region has emerged as a critical liquidity pocket, with data showing long positions being liquidated massively in this area. The dominance of long-side liquidations, with few short liquidations, reflects a flush-out of recent entrants attempting to ride the previous rally. The analyst argued that this deleveraging phase could pave the way for a price rebound if macro conditions remain favorable. Historically, Bitcoin has responded positively to rate pauses, often resuming upward movement when signs of seller exhaustion appear. The stabilization of open interest, combined with reduced liquidations, might act as a foundation for a new upward push in the near term. Bitcoin Whale Activity on Binance and Shifts in Market Behavior In a separate analysis, another CryptoQuant analyst, Oinonen, highlighted growing whale activity on Binance. Since 2023, the whale ratio metric on the exchange has surged dramatically, climbing from 0.08 in mid-2023 to as high as 0.77 in 2025. This shift marks a 400% increase and indicates significant accumulation behavior among large holders. Whale inflows and retention on Binance have generally coincided with longer-term confidence during periods of market volatility. Related Reading: Bitcoin Channel Break Below $105,000 Sparks Panic, Analysts Predict Further Crashes Moreover, the data shows that during recent episodes of elevated volatility, Binance users have leaned toward holding rather than exiting positions. Inflows to the platform have remained low, particularly from both whales and retail participants, suggesting that market participants are refraining from panic selling and instead are anticipating future price appreciation. Featured image created with DALLE, Chart from TradingView

Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498. This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends While ETH’s price action has turned negative, on-chain indicators suggest a contrasting narrative of growing investor conviction. According to insights shared by on-chain analyst OnChainSchool via CryptoQuant’s QuickTake platform, Ethereum has set a new record in staking activity. In the first half of June alone, more than 500,000 ETH were staked, pushing the total locked amount to over 35 million ETH. This growth in staked ETH not only reflects rising validator participation but also contributes to reducing the circulating supply, a dynamic that may influence future price movements. The report also highlights a rise in accumulation addresses, wallets that have received ETH but have never transferred any out. These addresses now collectively hold 22.8 million ETH, another all-time high. This trend is often interpreted as a sign of long-term holding behavior and suggests that certain investor cohorts are positioning themselves for future price appreciation rather than short-term gains. Taken together, the record levels of staking and accumulation point toward an increasingly illiquid supply, which, if demand increases, could amplify upward price pressure. Ethereum Hits ATH in Staking: Over 35 Million ETH Locked “Alongside this, Accumulation Addresses (holders with no history of selling) have also reached an all-time high, now holding 22.8 million ETH.” – By @onchainschool Read more ⤵️https://t.co/WYoX9qpODZ pic.twitter.com/6MAlK0sCfJ — CryptoQuant.com (@cryptoquant_com) June 17, 2025 A Technical Look: Price Explosion on the Horizon? In addition to the on-chain data, market participants are also analyzing Ethereum from a technical perspective. A crypto analyst on X operating under the pseudonym “Bitcoinsensus” has drawn attention to a multi-year “bullish flag” pattern forming on ETH charts since 2021. A bullish flag is a technical chart formation that typically follows a strong price move upward, marked by a period of consolidation in a downward-sloping channel. If the asset breaks out of the flag to the upside, it can signal a continuation of the prior bullish trend. Related Reading: Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels Bitcoinsensus suggests that if the pattern completes, Ethereum could target a move toward the $8,000 range. This potential breakout would depend on several factors, including macroeconomic sentiment, ETF flows, and on-chain fundamentals. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to trade in a range just below its recent all-time high, maintaining a relatively stable price structure despite broader market fluctuations. As of the time of writing, BTC is priced at approximately $105,756, reflecting a 1% drop in the past 24 hours and a 5.4% decline from its record peak of over $111,000 reached last month. The asset has been consolidating within this band for several weeks, with no clear breakout yet in sight, indicating a moment of uncertainty or possible transition in market direction. A CryptoQuany analyst known as Gaah has offered insights into this phase of the cycle. Related Reading: On-Chain Analyst Warns: Bitcoin Peak Expected, Altcoins Facing -95% Plunge Bitcoin IBCI Suggests Cycle Is Ongoing, Not Exhausted Gaah recently published an analysis on the QuickTake platform, focusing on Bitcoin’s IBCI (Index Bitcoin Cycle Indicators). According to the post, the IBCI surged above 75% earlier this year during Bitcoin’s rally from late 2023 to early 2024, entering what’s known as the “distribution region.” Following the correction in BTC price, the IBCI has now leveled around the 50% mark, traditionally viewed as a neutral zone that often precedes major trend changes. The IBCI’s current position, according to Gaah, may signal a transitional point in the ongoing market cycle. Historically, when the indicator stabilizes in the mid-range, it often reflects the end of a market pullback and the potential beginning of a new upward phase. Gaah noted that over the past decade, Bitcoin’s bullish phases typically concluded only when the IBCI reached and remained in the 100% zone. As this condition has not yet been met, the present consolidation could be laying the groundwork for another leg up, contingent on supportive on-chain metrics and broader ecosystem momentum. The analyst also suggested that the lack of extreme sentiment, whether bullish or bearish, reinforces the view that the market is still evolving rather than nearing a peak. Suppose BTC price manages to push higher while the IBCI trends back toward the 75%–100 % region. In that case, it may indicate a return to the distribution zone and a continuation of the current bull cycle. Exchange Activity Remains Subdued as Retail Interest Stalls In a separate analysis shared on CryptoQuant by another contributor, caueconomy, recent trends in trading activity were examined. Despite Bitcoin trading near historical highs, spot volume across centralized exchanges has dropped to multi-year lows. While the rise of spot Bitcoin ETFs has shifted some volume away from exchanges, the data also reflects limited retail engagement, especially with altcoins. This pattern suggests that current market participation is more aligned with institutional players or long-term holders, rather than speculative retail traders. Caueconomy concluded that these subdued volumes are not typical of euphoric market phases. Instead, they indicate a more measured participation in the market, which may delay the formation of a local top. However, should there be a renewed surge in trading activity, especially from retail investors, it could serve as a signal of a maturing cycle or the onset of another significant price move. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s recent rally appears to have paused as the asset declined to just above $104,000 following a 2.1% drop over the past 24 hours. This latest movement signals a potential shift in short-term market momentum, with traders increasingly opting to exit positions. While the broader cryptocurrency market has experienced similar pullbacks, Bitcoin’s trajectory is attracting closer scrutiny due to its influence on overall sentiment and market structure. Analysts are looking into how external factors, particularly geopolitical developments, are impacting trading behavior. One such development is the reported military engagement between Israel and Iran on June 13, which triggered sell pressure across high-risk assets, including digital currencies. Amid these events, key metrics on Binance,  particularly Net Taker Volume, are showing increased sell-side dominance, suggesting short-term volatility may continue. Related Reading: Bitcoin Nears All-Time High as Whale Behavior Suggests Further Upside Binance Net Taker Volume Hits Multi-Week Low Amid Bitcoin Panic Selling According to on-chain analyst Amr Taha on CryptoQuant’s QuickTake platform, Bitcoin’s Net Taker Volume on Binance fell to -$197 million, the most negative reading since June 6. This metric, which compares aggressive selling to aggressive buying, indicates heightened urgency among traders to sell at market prices, bypassing limit orders. The seven-hour moving average (7HMA) has remained in negative territory since June 12, reinforcing the current downward pressure. Historically, such extremes in net taker volume have been linked to local price bottoms, as they often signal panic-induced capitulation by retail and overleveraged traders. Taha highlighted that a similar event occurred on June 6, followed by a 4% rebound in Bitcoin’s price within 24 hours. The implication is that, while aggressive selling may signal weakness, it also presents conditions that have previously preceded price reversals. Geopolitical Shock Triggers Liquidation Cascade, May Signal Local Bottom Taha also pointed to the geopolitical backdrop, specifically the sudden escalation between Israel and Iran, as a major catalyst for recent market behavior. News of the strike led to a surge in liquidation activity, especially among long-leveraged positions. The correlation between the timing of the conflict and the spike in Binance sell volume suggests that traders are reacting to broader market uncertainty, contributing to downward momentum. Related Reading: Bitcoin Funding Rate Flips Again And History Says A Rally Is Around The Corner Despite this, Taha still views these conditions as potentially bullish in the medium term. Heavy selling often flushes out weaker hands, creating opportunities for long-term holders or institutional participants to accumulate positions at lower prices. Taha suggests that while the short-term outlook remains volatile, the current setup resembles previous recovery phases, marked by contrarian buying and reduced selling pressure. Featured image created with DALL-e, Chart from TradingView

Bitcoin’s market price has experienced renewed downward pressure, falling to just under $106,000 in the last 24 hours. This marks a 1.8% dip over the past day and places the asset approximately 6% below its all-time high of over $111,000 reached last month. While the correction is not severe compared to historical volatility, it highlights ongoing uncertainty in the market as BTC consolidates near record highs without sustained upward momentum. One metric drawing attention amid this price movement is the Puell Multiple, a tool used to evaluate whether Bitcoin is overvalued or undervalued relative to miner income. Related Reading: Bitcoin’s Most Reliable Signal Just Flashed—Next Stop: $170,000 Bitcoin Puell Multiple Suggests Miner Revenues Have Yet to Catch Up CryptoQuant analyst Gaah highlighted that while prices recently surged above $108,000, the Puell Multiple remains below 1.40, a level typically associated with discounted or non-euphoric market phases. This decoupling between BTC price and miner revenue offers insight into how recent gains may be more demand-driven than organically supported by on-chain mining fundamentals. The Puell Multiple measures the daily issuance of BTC in USD terms relative to its 365-day moving average. Historically, readings below 1.0 are seen during market bottoms or accumulation phases, indicating undervaluation. Gaah points out that current readings hovering around 1.40 suggest miner profitability is still lagging, even as the asset trades near historic highs. This pattern contrasts with previous bull cycles where high prices were often accompanied by elevated miner earnings, driven by both network activity and block rewards. This disparity may be due in part to the April 2024 Bitcoin halving event, which reduced block rewards from 6.25 BTC to 3.125 BTC per block. While halving events typically drive price appreciation through reduced supply, they simultaneously put downward pressure on miner revenue. In this case, despite a climb in market price, the halving’s impact continues to suppress income for miners, implying that the price increase has not yet been accompanied by the kind of broader economic expansion that would traditionally drive a full-fledged bull market. Potential for Continued Growth as Institutional Forces Drive Demand Gaah also points to the possibility that external factors may be playing a more dominant role in driving recent price action. These include increasing institutional inflows through spot Bitcoin ETFs, as well as a tighter circulating supply as long-term holders reduce active selling. These forces could be supporting price without necessarily boosting miner profitability in the short term, especially if the uptick is concentrated in secondary market demand rather than new BTC issuance. The current environment may signal a unique window for participants analyzing Bitcoin’s valuation. A high market price combined with conservative fundamentals suggests the market is not yet in a speculative excess phase. Related Reading: Bitcoin Bears Back In Control After $110,000 Rejection, What Comes Next? If miner revenues eventually rise in line with growing demand, driven by either increased transaction fees or broader network usage, it could support further upside. As such, both technical and fundamental indicators may continue to evolve in the coming months, offering a clearer view of whether the current cycle has more room to run. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price has declined slightly following recent gains, falling 2.3% over the past 24 hours to trade at approximately $107,205. This latest movement places the asset 4.1% below its all-time high of over $111,000 recorded last month. Despite the short-term dip, some analysts see familiar signs in derivatives data that could point to the next phase of market movement. Related Reading: Why Bitcoin’s Calm Rally Could Be a Setup for a Massive Breakout, Analyst Reveals Funding Rate Rebounds Signal Potential Upside for Bitcoin According to recent insights shared by on-chain analyst “nino” on CryptoQuant’s QuickTake platform, Bitcoin may be repeating a funding rate pattern that has historically led to price rebounds. The data shows the asset’s funding rate briefly dipping into negative territory before beginning to reverse, a pattern that has aligned with price recoveries earlier in the year. Nino’s analysis suggests this reversal, particularly the 72-hour moving averages exiting the oversold zone and producing a yellow-blue-black signal formation, could indicate a potential round of short position liquidations. The funding rate, still below levels typically associated with excessive bullish sentiment, may also imply that traders have yet to become overconfident, leaving room for additional upside without immediate overheating in derivatives markets. Nino’s observation focuses on market structure and derivative sentiment, highlighting how positioning in perpetual futures markets could precede notable spot price moves. In particular, when funding rates turn negative and then begin to climb, they often reflect the unwinding of overly bearish bets by traders who shorted BTC at high leverage. As these traders are forced to close positions, the resulting buy pressure can act as a short-term catalyst. This setup has played out multiple times earlier in 2025, and the current conditions suggest it may be occurring again. By keeping track of moving averages and sentiment zones, traders may interpret these signals as part of a broader cyclical trend. Binance Volume Share Signals Key Trends in Market Liquidity Separately, another analyst from CryptoQuant, Burak Kesmeci, addressed structural shifts in spot trading liquidity, particularly Binance’s share of global trading volume. Kesmeci emphasized that Binance’s dominance remains an important barometer of institutional participation and overall market health. He explained that an increase in Binance’s spot volume share is often associated with higher liquidity and smoother price discovery. Conversely, if Binance were to fall below a 30% volume threshold, it could signal a move toward more “fragmented liquidity” across exchanges such as Coinbase or Upbit. Such shifts could lead to more volatility and less predictable trading behavior. Related Reading: Bitcoin Options Traders Expect Quiet—But On-Chain Data Suggests Chaos At present, Binance’s volume share is showing signs of recovery, suggesting that capital is still flowing through the exchange and supporting a relatively stable trading environment. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to show signs of recovery as its price rebounds from a brief correction last week. At the time of writing, the crypto is trading at $109,693, reflecting a 0.4% increase over the past 24 hours. Despite this upward movement, the current price remains roughly 2% below its all-time high of over $111,000, recorded last month. This ongoing strength in price performance has been accompanied by notable on-chain signals, particularly from large holders. CryptoQuant contributor Crypto Dan recently analyzed the current market structure and behavior of Bitcoin whales. Related Reading: Bitcoin Recovers From $100K Dip While On-Chain Data Shows Rising Miner Activity Bitcoin Whale Behavior Suggests Further Upside In his latest analysis, Dan observed that despite Bitcoin hovering near record levels, there is little evidence of the profit-taking behavior typically observed during previous market tops. According to him, whales are not engaging in mass selloffs, suggesting that these investors expect the rally to continue. Dan emphasized that these large holders are likely waiting for more pronounced market euphoria and higher valuations before initiating substantial sell activity, a pattern often seen near the final stages of a bull market. Bitcoin – Near All-Time Highs but No Profit-Taking “Whales show no intention of taking profits at this price level and are likely to wait for higher prices, where significant market overheating and a bubble form, before making their moves.” – By @DanCoinInvestor pic.twitter.com/W5PtrHo0Q5 — CryptoQuant.com (@cryptoquant_com) June 11, 2025 Whale Exchange Activity Indicates Similar Move Further reinforcing the current sentiment, another CryptoQuant analyst, Darkfost, highlighted a significant trend in Binance whale behavior. According to Darkfost, historical data shows that when Bitcoin approaches or breaches its all-time high, there is typically a sharp rise in exchange inflows, driven by whales seeking to take profits. This pattern was visible during earlier cycle peaks, where inflows reached $5.3 billion in early 2024, and even higher levels of $8.45 billion and $7.24 billion in previous cycles. A strong bullish signal from Binance whales! “Today, however, inflows are just around $3 billion and are continuing to decline, suggesting that these whales prefer to keep holding.” – By @Darkfost_Coc Full analysis ⤵️https://t.co/T1FlLnM4nK pic.twitter.com/O3XrqhAyEc — CryptoQuant.com (@cryptoquant_com) June 11, 2025 In contrast, recent inflows to Binance remain substantially lower. Darkfost reports current inflows hovering around $3 billion, and more importantly, on a declining trajectory. This divergence from historical patterns suggests that whales are refraining from selling at current levels. Related Reading: Bitcoin To $1 Million? Michael Saylor Laughs Off Crypto Winter Fears Their reduced activity implies an expectation that higher prices may lie ahead, and that they are positioning for potentially greater returns later in the cycle. This restraint from large holders is seen as an important signal, especially given the influence whale movements can have on market liquidity and price action. Featured image created with DALL-E, Chart from TradingView

Bitcoin has resumed its upward trajectory, registering a modest 1.6% gain over the last 24 hours to trade at $107,428. The recovery comes after last week’s dip toward $100,000 levels, which had been triggered by market-wide volatility and profit-taking. While BTC remains approximately 4.2% below its all-time high of $111,000 reached last month, the weekly trend still reflects a 3.3% increase, suggesting buyers are gradually regaining confidence. This market behavior is mirrored in a set of on-chain indicators recently analyzed by CryptoQuant contributor Amr Taha. Related Reading: Bitcoin And Ethereum Defend Key Moving Averages – Bullish Signal Or Temporary Relief? Bitcoin On-Chain Metrics Reflect Accumulation Behavior In Taha’s analysis titled “On-Chain Data Hints at Bitcoin’s Next Leg Higher,” Taha examined several metrics that point to a potential continuation of the rally. These include the Binance Taker Buy/Sell Ratio, UTXO age bands, and the Long-Term Holder (LTH) realized cap. All three suggest that market participants are actively accumulating and that underlying sentiment is shifting toward renewed bullishness. One of the primary indicators Taha focused on is Binance’s Taker Buy/Sell Ratio, which has recently climbed to 1.1. This metric evaluates the volume of aggressive market buys versus market sells on the Binance exchange. A ratio above 1 typically implies that more participants are willing to pay the market price to buy than to sell, indicating stronger buyer conviction. According to Taha, such shifts historically precede continued price increases when supported by volume. Another key metric showing strength is the Buy/Sell Pressure Delta over the last 90 days. This indicator tracks the net difference between buying and selling pressure and is now halfway to its historical peak at 0.02. Taha explains that this suggests a market not yet overheated, with room for further accumulation. Combined with recent breakout behavior above the 1D–1W UTXO band, representing recently transacted coins, this hints that many new holders are currently in profit and choosing to hold rather than sell. LTH Conviction and Stablecoin Inflows Reinforce Bullish Case Taha also noted the Long-Term Holder (LTH) Realized Cap has now surpassed $56 billion, reflecting strong hands holding a larger share of Bitcoin supply. These coins have not moved in over 155 days and are considered to represent investors with higher conviction. The increase in this metric implies that fewer coins are being sold into the market, a signal that many investors are expecting higher valuations in the coming weeks or months. Related Reading: Bitcoin Leveraged Traders Are Back Betting On A Price Decline — What This Means In addition, more than $550 million in stablecoins have reportedly flowed into Binance in recent hours. Historically, such inflows to spot exchanges, as opposed to derivatives platforms, often suggest readiness to deploy capital for direct asset purchases. Notably, all of these indicators can be seen as a leading signal of potential volatility or buying pressure. If this pattern holds, Bitcoin’s short-term price activity may benefit from continued accumulation and institutional positioning. Featured image created with DALL-E, Chart from TradingView

Bitcoin is showing signs of recovery after a brief but sharp dip triggered by recent market turbulence linked to public tensions between Donald Trump and Elon Musk. The price of BTC had dropped to nearly $100,000 during the height of the reaction, but has since rebounded. At the time of writing, Bitcoin is trading at $104,891, marking a steady recovery from the 24-hour low. While the broader crypto market continues to digest the fallout, new data suggests that another force, miner activity, is beginning to shape the near-term outlook. Related Reading: Bitcoin Pullback or Setup? On-Chain Metrics Hint at What’s Coming Next Bitcoin Surge in Miner Inflows Could Pressure Price Action According to on-chain analytics published by CryptoQuant contributor CryptoOnchain, Bitcoin miners have dramatically increased the volume of BTC transferred to exchanges. Between May 19 and May 28, miner-to-exchange inflows exceeded $1 billion per day, levels not seen in previous market cycles. These inflows are often viewed as a proxy for miners’ intent to sell, which could influence short-term supply dynamics and introduce added volatility to BTC’s spot market performance. The rise in realized inflows from miners to exchanges is interpreted as a sign of growing sell-side pressure. Since miners are key liquidity providers in the Bitcoin ecosystem, large-scale transfers to exchanges are typically seen as preparations to offload BTC. Historically, spikes in miner outflows have preceded periods of downward price pressure, particularly when they occur alongside fragile market conditions. CryptoOnchain emphasizes that while miner selling isn’t inherently negative, it can impact short-term price stability. As a result, traders and investors often monitor these flows to better assess potential risks. When miner inflows surge, it reflects the sector’s sentiment regarding profitability, operational stress, or anticipated price changes. CryptoOnchain noted: Paying close attention to these inflows—especially during historical peaks like the current phase—can help with risk management and more informed trading decisions. Hash Ribbon Signal Suggests Longer-Term Opportunity Amid rising sell pressure, another indicator is flashing a potential opportunity. CryptoQuant analyst Darkfost noted that Bitcoin’s Hash Ribbons indicator, a metric derived from comparing 30-day and 60-day moving averages of network hashrate, has recently produced a new buy signal. This metric is used to evaluate miner stress and recovery phases, and is generally interpreted as a signal that miners have gone through a period of capitulation and are now stabilizing or recovering. This signal has historically aligned with favorable long-term entry points, except in unique events like China’s 2021 mining ban. While the short-term effects of mining stress may contribute to price weakness, analysts suggest that these periods often set the stage for longer-term rallies. When miner capitulation resolves, it can clear excess supply from the market and establish stronger support levels. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) dropped sharply over the past 24 hours, nearing the $100,000 mark with an intraday low of $100,984. This price movement reflects increased volatility across the crypto market following a public exchange on social media between US President Donald Trump and Tesla CEO Elon Musk. Their clash appears to have triggered a wave of risk-off sentiment among traders. In response, the global crypto market cap slipped 4%, falling from over $3.4 trillion yesterday to $3.33 trillion. Meanwhile, the broader market correction has not gone unnoticed in derivatives data. Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 Derivative Metrics Reveal Bearish Sentiment Spike According to CryptoQuant analyst Darkfost, the Binance net taker volume, a metric that measures the difference between aggressive longs and shorts, fell dramatically from $20 million to -$135 million in under eight hours. This signals a sharp pivot in sentiment, as traders rushed to hedge or speculate on downside risk in response to the unfolding news. Darkfost emphasized that this was the largest intraday net taker volume reversal observed on Binance this year. The abrupt shift reflects how quickly sentiment can change when macro-level narratives or influential figures dominate headlines. In this case, the market responded swiftly to perceived uncertainty, leading to a concentration of short positions and significant selling pressure. The situation also led to a notable change in BTC perpetual futures funding rates. Funding on Binance turned negative after briefly trending toward positive territory, dropping from +0.003 to below -0.004. This indicates that short sellers were willing to pay a premium to maintain bearish positions, underscoring rising fear and potentially overextended downside bets. ????When Funding rates turns negative. ???? Buying or considering a long position is often wise when funding rates turn highly negative, especially if the price starts to trend upward. This typically signals a disbelief sentiment among traders, creating strong contrarian… pic.twitter.com/LGyHU9uNNK — Darkfost (@Darkfost_Coc) June 6, 2025 Bitcoin Past Patterns Suggest Potential for Reversal Historically, deeply negative funding rates have been followed by strong recoveries in Bitcoin’s price. Darkfost noted three previous events where similar funding shifts led to large rallies: October 2023 (BTC surged from $28,000 to $73,000), September 2024 (from $57,000 to $108,000), and May 2025 (from $97,000 to $111,000). Related Reading: Bitcoin’s Key Investors Double Down, Buy Another 79,000 BTC While not guaranteed, these patterns suggest that extreme pessimism can sometimes signal market turning points. The only recent exception occurred in March 2025 following trade tariff announcements, which led to a continued decline. Still, many traders are watching closely for signs of a short squeeze, where price rebounds force short sellers to cover, amplifying upward momentum. Featured image created with DALL-E, Chart from TreadingView

Bitcoin is so far facing a notable pullback in price, with its price now down roughly 5.8% from its all-time high recorded last month. At the time of writing, the asset currently trades at $105,062, marking a 1.1% decrease in the past day. Despite the pullback, on-chain data indicates a significant change in market behavior among large investors. A new set of Bitcoin whales—wallets holding 1,000 BTC or more with coins aged less than six months—has been accumulating the asset at an accelerated pace. Related Reading: Bitcoin Derivatives Reset: Neutral Funding And Whale Withdrawals Hint At Bullish Shift Young Whale Holdings Surge as Supply Share Tightens According to a recent analysis published by CryptoQuant contributor “onchained,” this accumulation trend may reflect renewed conviction among high-capital participants preparing for future catalysts. Between March 1 and June 4, 2025, the amount of Bitcoin held by this group of “new whales” more than doubled from approximately 500,000 BTC to over 1.1 million BTC. This represents an increase of around $63 billion in value. During the same period, their share of Bitcoin’s total circulating supply grew from 2.5% to 5.6%, effectively removing an amount equivalent to nearly ten months of Bitcoin mining output from active circulation. Notably, this measure excludes long-dormant wallets, helping isolate recent capital inflows. This trend suggests a combination of long-term positioning and active supply absorption, which historically has preceded significant price volatility. Analysts view the emergence of new whale activity as a signal of shifting market structure, especially when paired with tightening supply conditions. If these entities continue to withdraw BTC from circulation without signs of immediate distribution, it could signal a period of price compression followed by upside volatility. Technical Patterns Suggest Possible Breakout Levels From a technical analysis perspective, Bitcoin may be forming a new bullish pattern. According to a recent post by the analyst known as “Titan of Crypto,” the asset has broken out of a right-angled descending broadening wedge, a chart pattern that can imply a trend reversal or continuation depending on confirmation. #Bitcoin to $135,000 in 2025? ????$BTC has broken out of a right-angled descending broadening wedge. If price holds above the breakout zone, $135,000 becomes a realistic target. Structure is clean. pic.twitter.com/KqTkquDNhn — Titan of Crypto (@Washigorira) June 3, 2025 If the price maintains levels above the wedge’s breakout zone, historical analysis suggests a potential upside target near $135,000 in 2025. This technical view aligns with the broader narrative of positioning ahead of expected macroeconomic catalysts. Featured image created with DALL-E, Chart from TradingView

Bitcoin is experiencing a short-term price decline. In the past 24 hours, the asset has fallen by approximately 9.3% to a trading value of $105,062. This pullback places Bitcoin roughly 8% below its all-time high recorded last month. The dip comes amid broader market volatility, but on-chain indicators and exchange data suggest deeper structural trends that may influence the next phase of Bitcoin’s price trajectory. Recent market analysis points to renewed accumulation among long-term holders, a spike in exchange withdrawals, and rising spot trading activity on Binance. These developments are being interpreted as signals of underlying strength despite recent price weakness. CryptoQuant contributor Amr Taha has provided a detailed breakdown of these emerging patterns, offering a perspective on how long-term dynamics may be shaping Bitcoin’s current market behavior. Related Reading: Bitcoin 3–5 Year Holders Slow Selloff—Waiting for Higher Prices? Binance Trading Volume Rises, Long-Term Holders Accumulate Since early June, Binance has seen its share of Bitcoin spot trading volume increase from 26% to 35%, positioning it more firmly as the dominant platform in the market. This increase in trading activity has occurred as Bitcoin approaches and tests key price levels. According to Taha, this surge may indicate renewed interest from retail and institutional traders alike, particularly as volatility draws more short-term market participants to major exchanges. In addition to exchange volume shifts, on-chain data reveals growing confidence among long-term Bitcoin holders. The Long-Term Holder (LTH) Net Position Realized Cap, a metric that reflects the value of coins held by entities with a holding period of over 155 days, has returned above $20 billion. Historically, this type of accumulation pattern has preceded periods of price expansion, as long-term investors tend to hold through corrections and avoid frequent selling. The rise in LTH realized cap suggests these entities are not exiting positions during this market dip, which may reduce available supply and support future upward movement. Bitcoin Large Exchange Withdrawals Signal Tightening Supply Beyond trading activity and holder behavior, Taha pointed out that another notable trend is emerging on centralized exchanges. Over a two-day period, Kraken and Bitfinex recorded net Bitcoin outflows exceeding 20,000 BTC, among the largest short-term withdrawals in recent months. Such movements are often interpreted as signals of investors shifting assets into self-custody, possibly in anticipation of long-term holding or strategic redeployment. Related Reading: Bitcoin Could Go ‘Bananas’ If Price Closes Above This Level, Top Analyst Says Combined, the rise in Binance’s market share, increased LTH accumulation, and exchange outflows present a picture of a market undergoing structural positioning rather than widespread exit activity. While the short-term price trend reflects a pullback from recent highs, the simultaneous withdrawal of supply and steady long-term holder confidence could act as foundational elements for potential future growth. Featured image created with DALL-E, Chart from TradingView

TRON (TRX) is seeing a continued lift in price alongside broader gains across the crypto market. As of today, TRX is trading just above $0.27, marking a 1.2% increase over the past 24 hours. The move reflects a coordinated uptick in digital asset valuations, with the global cryptocurrency market capitalization climbing nearly 1% to a current total of approximately $3.47 trillion. This price action comes as on-chain data suggests increased user engagement on the TRON network. Related Reading: Analyst Explains Reason Behind Tron Price Sluggishness — Are TRX Bears Now In Control? According to recent analysis shared on CryptoQuant’s QuickTake platform, a steady rise in daily active addresses is being observed, with both the 50-day and 100-day moving averages for this metric reaching all-time highs. The sustained increase in network activity points to a potentially supportive backdrop for TRX’s current momentum. TRX Hits $121.2B Monthly Transfer Volume — New All-Time High “TRX reached a new ATH in total transfer volume, both in terms of TRX and USD value. Over the course of the month, a total of 490.3 billion TRX was transferred.” – By @JA_Maartun Full post ⤵️https://t.co/zJUt0EruNI pic.twitter.com/6yrDUUjTJb — CryptoQuant.com (@cryptoquant_com) June 2, 2025 User Engagement and Moving Averages Signal Strong Network Activity CryptoQuant contributor “CryptoOnchain” reported that the moving averages of daily active addresses on TRON have reached unprecedented levels. The 50-day and 100-day metrics, which smooth out short-term fluctuations to show longer-term engagement trends, are currently at their highest points since tracking began. Historically, sustained increases in this metric have preceded upward price movement in TRX, though the price growth has yet to fully reflect the spike in activity. The analyst also emphasized that while TRX has been rising, the network’s user participation appears to be outpacing the token’s market performance. This divergence suggests that underlying demand is building, potentially laying the groundwork for future gains if the trend continues. Meanwhile, traders often view network activity as a leading indicator of value in proof-of-stake chains like TRON, where user interaction can drive both sentiment and transaction volume. SunPump Token Activity Emerges as TRON Price Indicator In a separate CryptoQuant post, analyst “BorisVest” highlighted the role of SunPump tokens in shaping TRON’s price dynamics. SunPump is a tool used for creating tokens on the TRON network, and its activity appears to correlate with TRX market trends. According to the analysis, periods of intense token creation, often driven by hype, bots, or speculative launches, can signal short-term tops in TRX price, especially if the token’s value doesn’t keep pace with the burst in network activity. Related Reading: TRON’s Correlation With Bitcoin Could Mean Massive Gains, Here’s Why Conversely, when activity on SunPump slows down, TRX has historically drifted lower toward local bottoms, often indicating reduced selling pressure. More stable growth in token creation, when aligned with a gradual rise in TRX price, has been associated with healthier and more sustained rallies. BorisVest suggests that tracking these token dynamics can provide insights into TRON’s market rhythm, offering a potential framework for identifying accumulation zones or overheated conditions. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s price is still struggling to regain its upward momentum following the establishment of a new all-time high above $111,000 last week. Today, Bitcoin trades below $106,000 with a current trading price of $105,381, marking a 1.2% increase in the past day and a 5.8% decrease from its peak. The current movement suggests a cooling-off period as traders and analysts monitor for potential market reentry points. Despite the price retreat, the mood across the market remains relatively stable, with the Crypto Fear & Greed Index still hovering in the neutral zone. This suggests that the market is yet to enter the euphoric stage typically associated with aggressive buying sprees. While the immediate trend appears sideways, analysts are beginning to highlight certain technical and on-chain signals that may shape Bitcoin’s short-term trajectory. Related Reading: Bitcoin Warning Signs? Long-Term Holders Exit While Retail Buyers Rush In Bitcoin Short-Term Investors Watch $96.7K as Critical Support A recent assessment by an on-chain contributor to CryptoQuant’s QuickTake platform, known as abramchart, identifies $96,700 as a crucial level of interest. This figure aligns with the average acquisition price for short-term holders, making it a potential rebound zone if Bitcoin experiences a further dip. According to the analyst, this support may serve as a trigger point for renewed buying interest should a correction continue to unfold. Additionally, rising Bitcoin dominance is placing pressure on alternative cryptocurrencies, including Ethereum. The analyst notes that corrections in Bitcoin often redirect capital away from altcoins, potentially weakening their short-term performance. In this context, the broader crypto market may experience liquidity fragmentation until Bitcoin reestablishes directional clarity. Abrahchart wrote: If liquidity is available, it is advisable to wait and observe market movements, with the possibility of entering new positions after the anticipated correction completes. Accumulation Activity Suggests Institutional Involvement In a separate insight shared on CryptoQuant, another analyst, Mignolet, highlights a notable relationship between movements in Bitfinex’s Bitcoin reserves and price action. Historically, declining reserves on Bitfinex have often preceded upward trends in Bitcoin’s price, suggesting these outflows may signal increased accumulation. On the latest occasion, around 24,000 BTC were transferred to two wallets, one of which has been officially identified by Bitfinex and Tether CEO Paolo Ardoino as belonging to 21 Capital (XXI), a Tether-backed entity. The second wallet involved in receiving 14,000 BTC was not formally disclosed, but timing and transaction behavior suggest a similar purpose. Unlike earlier transactions often linked to cold storage adjustments, these movements appear to reflect strategic acquisitions. Related Reading: Analyst Suggests Altcoin Recovery May Follow Bitcoin’s Final Cycle Stage—Here’s Why This level of accumulation, particularly by a known Tether-affiliated entity, adds another dimension to Bitcoin’s current price narrative. As institutional players position themselves, retail participants may find additional confirmation of long-term interest in the asset despite short-term fluctuations. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has experienced a noticeable retracement after recently achieving a record high above $111,000 last month. Currently priced at $104,115, the cryptocurrency has declined approximately 5.2% in the past 7 days, marking roughly a 7% drop from its peak price. This sudden decrease has sparked considerable attention among market participants, who closely observe potential signals that might clarify Bitcoin’s next move. A recent analysis from CryptoQuant contributor Crazzyblockk has shed some light on the internal dynamics influencing this price action. Related Reading: Bitcoin’s Price Sees Drop as Altcoin Traders Face Increased Pressure Binance’s Dominance and Its Market Implications In his report, titled “Divergence of Binance Taker Buy/Sell Behavior From Other CEXs — Sellers Outnumber Buyers on the Market’s Main Venue,” the analyst provides detailed insights into recent trading behaviors observed across major cryptocurrency exchanges, with a particular emphasis on Binance. The analysis highlighted a divergence between Binance and other major centralized exchanges (CEXs). While a brief spike in overall buying activity was recorded across various exchanges, Binance, which accounts for around 60% of global Bitcoin spot trading volume, exhibited a contrasting scenario. Data revealed a significant tilt towards selling, with Binance’s Taker Buy/Sell ratio falling below 1.0. This indicates a clear preference among Binance traders to sell rather than purchase Bitcoin, in contrast to the net-buy behavior observed elsewhere. Given Binance’s considerable market share, this divergence is notable. Binance’s trading volume and futures open interest typically guide broader market sentiment and price discovery. Historical data support this correlation, as past events where Binance’s market behavior diverged from other exchanges, such as in February 2024 and August 2023, resulted in notable Bitcoin price corrections of between 5% and 10% shortly thereafter. Bitcoin Current Market Dynamics and Near-Term Expectations Notably, the latest metrics illustrate Binance’s Taker Buy/Sell ratio hovering around 0.98, representing approximately a 12% decline over the past week and a 25% decline over the past month. Despite a brief surge in overall market buying activity across exchanges, with the aggregate Taker Buy/Sell ratio peaking at about 1.35, Binance’s bearish stance has dampened this bullish signal, causing the broader indicator to revert downward rapidly. Related Reading: Bitcoin Tipped For $340,000 Target If This Support Level Holds – Details This scenario suggests the possibility of heightened market volatility in the short term. The dominance of Binance’s trading behaviors potentially amplifies the effects of this selling pressure through futures market funding rates, which can intensify market moves. In conclusion, the CryptoQuant analyst wrote: Because the largest liquidity pool is net-selling, today’s aggregate uptick risks turning into a bull trap. Unless Binance’s Taker Buy/Sell flips decisively above 1.05—and stays there—expect heightened volatility and a greater probability of a near-term price decline as broader sentiment realigns with the market leader’s flows. Featured image created with DALL-E, Chart from TradingView

The Tron price has continued on its recovery path since reaching a bottom in mid-March, steadily climbing almost every week. Mirroring the improving crypto market sentiment, the price of TRX maintained a level of stability in its bullish momentum throughout the month of May as it slowly ascended to a local high above $0.28.  However, the slow-and-steady growth of the cryptocurrency was met with a significant obstacle over the past week, reflecting what seems to be a return of bearish sentiment in the altcoin market. Here’s a look at the possible reason why the Tron price might be struggling at the moment. Tron Sellers Gain Traction: Spot CVD Data In a Quicktake post on the CryptoQuant platform, on-chain analyst Burak Kesmeci published data from his analysis, pegging Tron’s dip in value to as high as 5.48% in 48 hours. Kesmeci’s analysis revolved around the Spot Taker CVD (Cumulative Volume Delta, 90-Day) metric, which tracks by volume the net difference between market buys (Taker Buy) and market sells (Taker Sell) over a period of 90 days.  Related Reading: XRP Set For Price Relief, But Only If Bulls Defend Key $2.13 Price Level – Details According to the crypto pundit, a positive and rising value of the CVD metric indicates a higher Taker Buy volume and the dominance of buyers in the market. On the flip side, a negative or dropping value of the on-chain indicator reflects a higher Taker Sell volume and suggests that sellers are overwhelming the market.  Data from Kesmeci’s publication shows how the market devolved from being dominated by the buyers to being bearish. The chart below shows a transition from green bars (Taker Buy Dominant) to red bars (Taker Sell Dominant). The shift from buys to sells became evident from around May 22nd and has since intensified, leading to a steady decline in the price of Tron. However, the Cumulative Volume Delta (marked in gray) has shown neutral on-chain action over the last few days. Caution In The Market Warranted Kesmeci, in his conclusion, stated that if this negative CVD trend were to continue, it could signal further correction in Tron’s price. The relatively neutral state of current on-chain activity, though, suggests that investors’ uncertainty about the future trajectory of the cryptocurrency. Related Reading: Can Dogecoin Price Still Rally 1,000%? Analyst Reveals End-Of-Year Prediction However, investors should still pay rapt attention as a further increase in sell pressure could heighten volatility and, consequently, lead to liquidations. As of press time, Tron trades at $0.2656, reflecting a price rise of approximately 1% in 24 hours. According to CoinGecko data, the TRX token is down by more than 1% in the past seven days. Featured image from Gemini Imagen, chart from TradingView

Ethereum’s price action has demonstrated a pullback in recent days, reacting to broader market cues, including geopolitical developments. As of the time of writing, the asset is trading at $2,621, marking a 3.2% decline over the last 24 hours. The drop follows recent reports of a federal court reinstating US President Donald Trump’s tariffs, which appear to have triggered a brief wave of risk-off sentiment across the crypto asset space. Despite this short-term weakness, ETH remains up approximately 45% over the past month, supported by momentum built earlier in the quarter. Related Reading: Ethereum Spot Premium Signals Strength – $2,800 Resistance In Focus Large Ethereum Inflows to Binance Spark Caution This latest pullback coincides with a notable increase in on-chain activity, particularly surrounding Ethereum transfers to exchanges. On May 27, an unusually large transfer of ETH was observed moving to Binance, a trend that has caught the attention of a CryptoQuant analyst monitoring potential profit-taking behavior. Parallel to this, Bitcoin’s Net Unrealized Profit/Loss (NUPL) metric has reached a key level historically associated with market cooling phases, hinting that broader sentiment may be at a transitional point. According to CryptoQuant contributor Amr Taha, Ethereum experienced a substantial net inflow of approximately 385,000 ETH to Binance beginning on May 27. This marks one of the largest daily exchange inflows for the asset in recent months. Exchange inflows of this magnitude are often interpreted as signals of increased selling intent, particularly when driven by larger holders or institutional entities. The movement of such a high volume of ETH to a centralized exchange may reflect preparations for liquidity provision or anticipated market volatility. At the same time, Bitcoin’s NUPL, a metric that calculates the difference between unrealized profits and losses relative to market cap, has approached the 0.6 threshold. Historically, this level has acted as a pivot point where investors begin realizing gains, typically leading to price consolidation or downward pressure. Previous occurrences in early March and late 2024 saw NUPL at similar levels, followed by pullbacks in Bitcoin’s price, which also influenced broader market direction. Signals Suggest Potential Consolidation Phase Taken together, these developments present key indicators that market participants are adjusting their positions amid heightened uncertainty. Taha emphasized that while not definitive sell signals, the 385,000 ETH inflow to Binance and the NUPL’s rise to 0.6 are noteworthy. In prior cycles, similar patterns coincided with phases where investors reduced exposure or rotated assets. As ETH remains near local highs, the potential for short-term correction or sideways movement cannot be dismissed. Related Reading: Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend Taha concluded that investors may consider monitoring exchange inflows alongside NUPL and other on-chain metrics to better gauge sentiment shifts. Additionally, developments in regulatory or macroeconomic narratives, such as US trade policies or broader equity market behavior, could further influence crypto price dynamics. While Ethereum continues to demonstrate long-term strength, recent signals point to a phase of caution and strategic reassessment in the near term. Featured image created with DALL-E, Chart from TradingView

Bitcoin’s recent upward trajectory has encountered resistance after reaching a record-breaking peak of over $111,000 last week. Following this new all-time high, Bitcoin has retraced approximately 4% in the past seven days, bringing its current trading price down to $105,485. This represents a daily decline of 1.8%, reflecting cautious market sentiment and potential profit-taking among traders. In light of these recent price movements, a CryptoQuant analyst has been closely observing market dynamics, particularly concerning the launch of the Bitcoin Exchange-Traded Fund (ETF). A detailed analysis provided by Joao Wedson, a contributor to CryptoQuant’s QuickTake platform, has shed new light on the liquidation trends observed in Bitcoin compared to other cryptocurrencies, also known as altcoins. Related Reading: This Chart Warns Bitcoin’s Momentum May Be Running Out, Here’s Why Liquidation Disparity Between Bitcoin and Altcoins Since the launch of the Bitcoin ETF, market behaviors have demonstrated a notable divergence between Bitcoin and altcoin liquidations. According to Wedson, Bitcoin liquidations on Binance have predominantly involved short positions, indicating traders who bet against Bitcoin were systematically liquidated during its recent price rise. Specifically, the Cumulative Liquidation Delta (CLD) showed short liquidations surpassing longs by approximately $190 million. This suggests market participants holding bearish positions were compelled to exit as Bitcoin’s value surged, pushing the price further upward. In stark contrast, altcoins have experienced a markedly different scenario. During the same period, altcoins faced nearly $1 billion more in long liquidations compared to shorts. This liquidation imbalance indicates that traders betting on a broad altcoin recovery faced substantial losses. The sustained downward pressure on altcoins reveals the failure of expectations surrounding an “Altseason,” a period when alternative cryptocurrencies typically outperform BTC. Implications of Market Asymmetry The distinct patterns in liquidations between BTC and altcoins reflect critical shifts in investor risk sentiment and leverage usage. BTC’s favorable price performance primarily impacted traders with bearish outlooks, forcing the liquidation of short positions and contributing to a bullish market perception. Conversely, the altcoin sector’s persistent price declines have led to widespread liquidation of bullish positions, highlighting the misalignment between trader expectations and actual market behavior. According to Wedson, since December 2024, this liquidation asymmetry has widened considerably, underscoring a shift in market focus. Investors have increasingly viewed BTC as a safer or more reliable bet amidst broader market uncertainty, while altcoins have suffered due to heightened leverage and speculative positioning. Related Reading: Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming? This trend has intensified following the ETF’s approval, as traders appear more confident betting on Bitcoin’s stability and growth potential compared to the volatility and unpredictability of the altcoin market. Moving forward, the current market conditions suggest that investors may continue to approach Bitcoin with measured optimism while maintaining a cautious stance toward altcoins. Featured image created with DALL-E, Chart from TradingView

Bitcoin is currently trading above $107,000 following a recent peak that saw the asset touch a new all-time high above $111,000. Although this marks a 3.9% drop from its highest level, the broader monthly trend remains positive, with BTC still recording a gain of over 10% in the last 30 days. The market, however, has shifted its attention from price movement to on-chain dynamics, particularly the behavior of new and long-term holders. Related Reading: Bitcoin Surges With Low Retail Interest – Is A Second Wave Coming? Bitcoin Long-Term Holders Selling, New Entrants Still Cautious On-chain analyst Avocado Onchain, writing on CryptoQuant’s QuickTake platform, examined Unspent Transaction Output (UTXO) data to assess investor trends during this stage of the cycle. In a post titled “UTXO Age Band Analysis: Sluggish Inflow of New Investors May Limit Bitcoin’s Upside,” he explored whether BTC’s continued rally can be sustained without fresh capital inflows from newer market participants. His findings suggest that while older coins are being sold, the inflow of newer investors remains low, a factor that has historically limited momentum in previous cycles. The UTXO age distribution reveals that a significant portion of the BTC supply remains with holders who have kept their assets for over six months. The 6–12 month age band has increased, suggesting a large share of market participants still fall into the mid- to long-term holding category. Historically, when the proportion of these holders started to shrink, it often preceded major tops in Bitcoin’s price cycle, driven by a transition of coins from long-term to new investors. However, despite Bitcoin reaching new highs, the percentage of UTXOs held by investors with a holding period of less than one month remains well below the historical threshold seen near previous market tops. During earlier bull cycles, new investor participation often surged past 50%. Currently, that figure sits around 20%, even lower than the peak levels during this recent rally. Avocado Onchain warns that without a notable increase in participation from newer investors, the market may struggle to maintain upward momentum. Large Holders Accumulate as Retail Stays on Sidelines While retail inflows appear to be lacking, large-scale accumulation is continuing in the background. A recent update from CryptoQuant on X highlighted that Bitcoin addresses holding between 1,000 and 10,000 BTC, excluding exchanges and miners, have been steadily increasing. Large holders are accumulating. Addresses holding 1K–10K BTC (excl. exchanges & miners) are rising, a sign of growing investor confidence. Historically linked to higher prices. pic.twitter.com/vCCml3GfHB — CryptoQuant.com (@cryptoquant_com) May 29, 2025 These entities are often associated with institutional investors or long-term strategic holders, and their accumulation is often interpreted as a signal of growing confidence in BTC’s long-term prospects. Related Reading: US Set To Reign As ‘Bitcoin Superpower,’ Declares Trump’s Digital Assets Chief Although retail remains largely inactive, institutional behavior may serve as a foundation for price support. The current dynamics reflect a market in a transitional phase, with potential for upside if broader participation begins to increase. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH), the world’s second-largest cryptocurrency, has experienced considerable price fluctuations recently, trading at approximately $2,633 at the time of writing. The asset registered a mild decline of 1.2% over the past 24 hours, retreating slightly after surpassing the $2,700 mark last week. Despite this short-term retracement, Ethereum has notably appreciated by around 50% within the past month, demonstrating strong price strength and significant market interest. The recent price action has attracted attention from prominent cryptocurrency analysts, particularly from CryptoQuant contributors, who have closely monitored Ethereum’s technical indicators and market behaviors. These analysts have provided insights that suggest potential further movement for ETH, pointing towards critical levels and market metrics that investors might want to observe closely. Related Reading: Ethereum May Be One Dip Away From Mass Losses—Data Warns Ethereum’s Bullish Technical Indicators and Potential Breakout CryptoQuant analyst Ibrahim Cosar recently published a technical analysis outlining a bullish scenario for ETH. According to Cosar, Ethereum has formed a pattern known as a “bull flag,” suggesting a possible upcoming breakout. A bull flag is a chart formation frequently interpreted by traders as indicative of continuing upward momentum after a period of consolidation. Ethereum’s price has oscillated within a defined range between $2,400 and $2,700 for nearly three weeks, creating favorable conditions for such a breakout. Cosar also highlighted Ethereum’s sustained position above the 200-day Exponential Moving Average (EMA), a commonly monitored technical indicator. Historically, remaining consistently above this indicator has signified positive market sentiment and preceded significant price rallies. Given Ethereum’s current position relative to this EMA, Cosar suggested a potential upward move toward a price range between $3,000 and $3,500 could soon materialize. Market-Wide Implications and Retail Activity Another CryptoQuant analyst known as “elcryptotavo” offered a complementary perspective, identifying signals that typically indicate market peaks. Specifically, the analyst mentioned Ethereum’s Open Interest (OI), noting that a notable market signal occurs when Ethereum’s OI surpasses Bitcoin’s, a scenario historically correlated with market tops. Currently, ETH has yet to reach this critical threshold, suggesting, according to this analyst, potential room for further upside before significant corrections could occur. Related Reading: Ethereum Nears Critical Price Level – Reclaiming $3,000 Would Spark A Market-Wide Rally Elcryptotavo also provided observations regarding retail trading behaviors. Typically, retail trading activity surges dramatically near market tops, reflecting broad market participation. However, current data on retail trading volumes remain comparatively subdued. This observation implies that institutional investors or large market players are predominantly driving Ethereum’s current rally. A significant increase in retail participation, should it occur, could further sustain and accelerate Ethereum’s upward momentum, a phenomenon previously seen during the 2020–2021 bull cycle. Featured image created with DALL-E, Chart from TradingView