THE LATEST CRYPTO NEWS

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

Bitcoin has spent the last five days trading within a relatively narrow range between $106,229 and $111,807, following its recent all-time high of $111,814. Despite the increase in selling pressure from miners after the all-time high, the price of Bitcoin has managed to hold above $108,000, with on-chain data showing Bitcoin diamond hands absorbing all the selling pressure. Long-Term Holders Accumulating With Minimal Spending According to data from the on-chain analytics platform CryptoQuant, the Long-Term Holder (LTH) Spending Binary Indicator has fallen to its lowest level since September 2024. This interesting trend was initially noted on the social media platform X by crypto analyst Alex Adler Jr. Related Reading: Bitcoin Price Bounces Off Re-Accumulation Zone: Why $120,000 Could Be Next The 15-day moving average of this metric, as shown in the chart by CryptoQuant, has dropped to the minimal spending zone. Notably, this zone has consistently preceded a more bullish move in the Bitcoin price.  In parallel, long-term holder supply has risen by approximately 300,000 BTC over the past 20 days. This marks a deviation from the trend of declines in the long-term holder supply since 2024. At the time of writing, 14.6 million BTC, representing about 74% of the total current circulating supply of BTC, is in addresses classified as long-term holders.  This pattern suggests that so-called “diamond hands”, i.e., investors with a strong conviction who hold through volatility, are not only refraining from selling with Bitcoin’s recent new peak, but are actively accumulating. The chart below shows the correlation between minimal LTH spending and rising price action, a behavior that also aligned with phases of Bitcoin’s uptrend in 2019, late 2020, and late 2024. Why It’s Bullish For The Market The significant uptick in long-term holder supply, combined with minimal selling activity, reveals a hidden strength in the market. The current behavior of long-term investors also indicates their confidence in Bitcoin’s valuation at current levels, despite the recent price surge. Many of these long-term holders are in substantial profit, yet still choose to hold. This is unlike short-term holders, who have collectively realized over $11.6 billion in profits over the past month alone. Related Reading: Crypto Analyst Puts Bitcoin Price At $120,000 If This Range Breakout Happens Drawing a parallel with historical data, the current decline in long-term holder (LTH) spending mirrors a similar pattern observed in September 2024. At that time, the LTH Indicator was in the minimal zone, and the long-term holder supply was also increasing steadily. What followed was a remarkable 96% surge in Bitcoin’s price, rising from approximately $54,000 to peaks around $106,000 in December and January. If the market were to follow a similar trajectory from the current price level, a comparable 96% rally would see Bitcoin rise to a new peak near $212,000. At the time of writing, Bitcoin is trading at $109,000. Featured image from Getty Images, chart from Tradingview.com

TRON (TRX) has been gaining upward momentum alongside the broader cryptocurrency market, reflecting strong price performance in recent weeks. The crypto asset has climbed over 10% in the past month, with its current price at $0.2748, reflecting a modest 0.7% increase in the past 24 hours. While not grabbing headlines with dramatic surges, TRX’s steady growth aligns closely with the broader bullish cycle led by Bitcoin (BTC), suggesting that it may benefit from macro-level investor sentiment. A recent analysis by Carmelo Alemán, a contributor to CryptoQuant’s QuickTake platform, highlights the increasing relevance of TRON in this market phase. Related Reading: Tron Bulls Regain Control – On-Chain Data Shows Fresh Buying Pressure Bitcoin Correlation Fuels Investor Optimism Alemán’s report, titled “The Crypto Elite Grows with Bitcoin and Why TRX Holds a Special Place,” explores how assets that demonstrate high correlation with Bitcoin, such as TRX, tend to mirror BTC’s market movements. This statistical connection, typically measured through correlation coefficients like Pearson’s, means that Bitcoin’s gains or retracements often influence similar movements in tokens like TRON. According to Alemán, the ongoing Bitcoin bull market, expected by some to last through Q4 2025, sets a favorable context for assets with strong historical correlation to BTC. Tokens, including TRX, SUI, ADA, XLM, HBAR, and Litecoin, are often observed to track Bitcoin’s behavior, rising during rallies and pulling back during corrections. For many investors, these assets present attractive opportunities given their lower market capitalizations compared to Bitcoin, making them capable of delivering larger percentage gains during bullish conditions. The analyst said: In practical terms, Bitcoin is unlikely to grow more than 2x from its current price, whereas highly correlated tokens could triple, quadruple, or more, simply because their smaller market caps make such expansions more feasible. In particular, Alemán draws attention to TRON’s upward momentum and growing network activity, especially in Asia. Notably, TRON recently surpassed Ethereum in the volume of USDT (Tether) issued on its network, signaling a shift in real-world utility and adoption. Alemán wrote: This is no small development: it reflects a restructuring in real network usage, and suggests that Tron could multiply significantly in value in the coming months, as it continues to move in tandem with Bitcoin’s trend. TRON Long-Term Growth Potential Beyond price action, Alemán also underscores TRON’s position in strategic portfolio planning. Because of its correlation with Bitcoin and its smaller relative size, TRON offers potential leverage to BTC’s market cycles. For long-term holders and tactical traders alike, this dynamic presents opportunities for outperformance during phases of sustained Bitcoin growth. Related Reading: TRON Accumulation Phase Detected—Major Price Surge Coming Alemán concludes by advising market participants to remain attentive to on-chain indicators and inter-asset relationships, emphasizing that informed decisions based on correlation dynamics could enhance portfolio returns during this cycle. Featured image created with DALL-E, Chart from TradingView

Ethereum has maintained a position above $2,500 following a mild retracement from its recent high above $2,700 last week. At the time of writing, the asset trades at $2,564, reflecting a 2.4% increase in the past 24 hours. While the broader crypto market remains in a bullish structure, largely driven by Bitcoin’s sharp upward movement, Ethereum’s relative momentum appears more tempered, raising questions among traders and analysts about its current positioning. Related Reading: Ethereum Price Finds Its Footing: Bulls Prepare for Another Push Retail Quiet, Institutions Watchful Despite the price remaining above key levels, some analysts believe Ethereum has yet to fully capture the broader market’s enthusiasm. One such observation was presented by CryptoQuant’s analyst Burak Kesmeci, who noted that retail activity around Ethereum remains low compared to previous cycles. This could suggest that Ethereum’s rally is still in its early stages, with potential upside left unpriced by the market. The absence of retail enthusiasm, which historically coincided with local tops, may signal that Ethereum has not yet reached a peak for this cycle. Kesmeci’s analysis highlighted a notable shift in retail engagement around Ethereum. Drawing comparisons to the 2021 bull run, the analyst pointed out that earlier rallies were often accompanied by sharp spikes in retail trading frequency. However, during the current cycle, retail interest has been largely muted, even as Bitcoin surged from $16,000 to over $111,000. While ETH saw a brief uptick in retail activity in December 2024, that momentum faded quickly amid broader market reactions to geopolitical developments, including renewed tariff tensions. The analyst concluded that the market may still be in a phase of accumulation, as the typical retail-driven euphoria has yet to materialize. In this scenario, Ethereum could benefit from increased participation in the coming months, particularly if macroeconomic sentiment stabilizes. The potential for delayed retail entry suggests that Ethereum’s current rally might only be at its midpoint rather than nearing a local top. Ethereum Technical Setups Suggest Bullish Continuation On the technical front, several market analysts continue to hold a positive outlook for ETH. A pseudonymous analyst known as Crypto Busy posted on X that the asset’s monthly chart remains structurally intact, referencing a previous key resistance level near $1,410. Related Reading: Ethereum Climbs Back To $2,700 – Bulls Ready For A Breakout? According to the post, Ethereum’s breakout above this long-standing barrier has turned it into support, replicating a setup that historically preceded major rallies. Further reinforcing this perspective, analyst Michaël van de Poppe emphasized the importance of Ethereum’s price action near the $2,400 level. He noted that this zone offered a strong buying opportunity and believes that if Ethereum can successfully retest and hold above this threshold, a move toward $3,000 could follow. According to van de Poppe, such a breakout would signal the beginning of a new bullish phase for ETH. Featured image created with DALL-E, Chart from TradingView

Bitcoin maintains upward momentum despite a recent market retracement that briefly pulled the asset off its all-time highs. After climbing past the $111,000 level last week to set a new record, the cryptocurrency experienced a modest correction. BTC trades at $109,874 at the time of writing, reflecting a 2.3% daily increase. The move comes amid broader bullish sentiment in the crypto market, with traders weighing recent volatility against long-term structural trends. Meanwhile, analysts tracking on-chain activity suggest that the recent price pullback may have cleared the path for more sustainable market behavior. Related Reading: $200,000 Bitcoin ‘Is Real’ By Year-End, Says Top Researcher High Leverage Triggers Liquidations Below Key Support Levels Amr Taha, a contributor to CryptoQuant’s QuickTake platform, highlighted how Bitcoin’s price action flushed out over-leveraged traders while presenting an opportunity for long-term investors to reinforce their positions. His post titled “Late Longs Wiped Out — Long-Term Holders Seize the Opportunity to Accumulate Bitcoin” points to distinct market behavior unfolding in real time. Taha noted that Bitcoin’s recent drop below the psychological $111,000 threshold led to two significant long liquidation clusters on Binance. The first wave occurred around the $110,900 mark, wiping out over $97 million in long positions. Shortly after, a second wave hit as the price breached $109,000, resulting in a further $88 million in liquidated positions. These back-to-back events reflected cascading margin calls from traders using high leverage, a pattern often seen during sharp short-term corrections. Notably, liquidation clusters tend to emerge when rapid price movements force the automatic closure of margin positions, intensifying sell pressure in the process. This volatility tends to shake out speculative positions and can signal a temporary pause or consolidation phase in the broader trend. According to Taha, while the market absorbed these liquidations, it simultaneously witnessed a contrasting pattern among long-term holders (LTHs), who remained active throughout the volatility. Long-Term Holders Accumulate as Liquidations Unfold While short-term participants absorbed the brunt of the sell-off, LTHs appeared to interpret the price dip as a buying opportunity. Taha highlighted on-chain metrics showing that the LTH realized cap, a measure of the total value paid for held coins by long-term investors, has surged past $28 billion. This level had not been observed since April, reinforcing the narrative that seasoned market participants are increasing their exposure during moments of market dislocation. Related Reading: Is The Bitcoin Rally Over After $111,900 ATH? Global M2 Money Supply Is Still Going The behavior of long-term holders is often seen as a barometer for market health. Their steady accumulation during liquidation events suggests confidence in Bitcoin’s long-term value trajectory. Historically, accumulation by LTHs during volatile periods has coincided with later upward price expansions, as coins are removed from circulation and selling pressure is reduced. With leveraged positions reset and structural accumulation underway, the groundwork may be forming for Bitcoin to attempt another breakout beyond its previous highs. Featured image created with DALLE, Chart from TradingView

Bitcoin’s momentum, which pushed the asset to a fresh all-time high of over $111,000 earlier this week, appears to have paused slightly heading into the weekend. As of the time of writing, BTC is trading at $108,499, marking a 2.5% decline over the past 24 hours. Despite this short-term retracement, the overall market trend remains positive. Bitcoin has held most of its recent gains and remains just below its record peak set yesterday. The recent price action has coincided with an increase in on-chain signals, suggesting that large players are returning to the market. Notably, analysts are closely monitoring activity from major crypto exchanges like Binance, which have historically played a significant role in price discovery and market direction. Related Reading: Bitcoin Smashes Past $111K, But Are Traders About to Dump? Bitcoin Whale Activity on Binance Sparks Volatility Watch A recent analysis by CryptoQuant contributor Crazzyblockk highlighted a surge in whale activity on Binance. In his QuickTake post titled “Binance Whale Activity Spikes —  Eyes on the Market,” the analyst pointed out that the Binance Whale Activity Score has seen a sharp rise. This metric, which measures inflow and outflow behavior of the top 10 whale wallets on Binance, indicates that large holders are actively repositioning. These movements can be early indicators of upcoming volatility and directional shifts in the market. The analyst explained that inflow spikes from whales may point to potential distribution or strategic selling, while outflow surges often signal accumulation or redeployment of capital to other platforms. The significance of these whale movements lies in their historical tendency to precede major price developments. According to Crazzyblockk, Binance remains a central venue for price formation, making it critical to observe whale patterns there. He concluded that these inflow-outflow fluctuations could introduce higher liquidity and possibly increased volatility in the short term. Spot Market Data Points to Renewed Buyer Interest Complementing these observations is a report from another CryptoQuant analyst, Ibrahimcosar, who identified a positive shift in spot market behavior. According to the analyst, the Spot Taker CVD (Cumulative Volume Delta) over the past 90 days has turned green again. This metric reflects the difference between taker buy and taker sell volumes and serves as a proxy for real-time demand. A green phase indicates that market buy orders have become dominant, suggesting that buyers are regaining control. The analyst noted that in previous months, the same chart showed mostly red values, indicating a prevalence of sell orders and downward price pressure. The recent transition back into green territory may suggest the emergence of new demand as Bitcoin challenges its previous highs. Related Reading: Bitcoin From Pizza Day Era Still On The Move, Glassnode Reveals With price levels remaining elevated, the presence of buying pressure is interpreted as a potentially bullish signal. While cautious sentiment remains, these dynamics hint at the possibility of further upward movement if momentum continues to build in the days ahead. Featured image created with DALL-E, Chart from TradingView

Bitcoin has surpassed its previous all-time high again, registering a new peak above $111,000 amid continued bullish momentum across the crypto market. As of the time of writing, Bitcoin is trading at $111,226, reflecting a 2.2% increase in the past 24 hours. This upward movement has pushed the asset beyond the psychological threshold of $110,000, reinforcing optimism in its medium-term trajectory. However, analysts are monitoring underlying market data that may signal emerging risks beneath the surface of the rally. Related Reading: Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup, Analyst Reveals Bitcoin Exchange Inflows and Leverage Ratios Reflect Growing Caution CryptoQuant contributor Amr Taha recently published a detailed analysis highlighting key metrics from Binance, including net flows, open interest, and leverage levels. These metrics, when taken together, reveal a familiar setup reminiscent of December 2024, a period that preceded short-term corrections. While Bitcoin’s price action has remained positive, the presence of high exchange inflows and speculative positioning could indicate that some investors are preparing for profit-taking. According to Taha, Binance has observed a notable increase in inflows, with approximately 3,000 BTC and 60,000 ETH entering the exchange as Bitcoin broke its all-time high. This shift from net outflows to inflows suggests that investors may be transferring assets to trading platforms with the intent to sell or adjust their positions. Historically, large net inflows during price peaks have been linked to increased selling activity, particularly when market participants aim to secure gains after extended uptrends. Taha also noted that open interest (OI) on Binance has climbed back above $12 billion levels last seen in December 2024. Open interest refers to the total value of outstanding futures contracts and is often viewed as an indicator of speculative engagement in the market. While rising OI can support upward continuation during bullish phases, it may also increase the risk of volatility if not supported by fresh spot market demand. Compounding this, Binance’s estimated leverage ratio has returned to 0.20, mirroring previous highs and suggesting that many traders are utilizing significant leverage. Elevated leverage levels tend to heighten sensitivity to price fluctuations and can amplify liquidations during abrupt corrections. Related Reading: Bitcoin Shows Elevated Unrealized Profits Without Signs Of Panic Selling – New ATH Soon? Are Market Conditions Echoing December’s Setup? Taha concluded his analysis, revealing that while none of these indicators are inherently bearish on their own, their simultaneous occurrence around a new all-time high could point toward short-term instability. In previous cycles, such combinations of high leverage, rising OI, and exchange inflows have been associated with increased profit-taking and localized pullbacks. Taha wrote: These are not inherently bearish signals in isolation. However, when combined, they historically correlate with profit-taking behavior and often precede volatility spikes or corrections. Traders and investors should remain alert: these same conditions marked the beginning of localized tops in late 2024, especially after periods of aggressive upside. Featured image created with DALL-E, Chart from TradingView

Bitcoin continues to show upward momentum as it has now finally reclaimed a critical price mark. As of the latest data, BTC briefly traded above $109,000; however, it has since retraced, now trading at $108,959, marking a 3.5% increase over the past 24 hours. This puts the asset less than 1% away from its all-time high of $109,958 recorded in January. The rally builds on weeks of gradual price appreciation, suggesting persistent bullish sentiment among investors. However, while price action appears strong on the surface, market metrics suggest a more nuanced picture underneath. New data from CryptoQuant analyst Maartunn sheds light on a shift in trading behavior, particularly on Binance, the world’s largest cryptocurrency exchange by volume. Related Reading: Is Bitcoin Ready For New ATHs? What The Charts Say Bitcoin Futures Activity Surges as Spot-to-Futures Ratio Hits 1.5-Year High In Maartunn’s recent QuickTake post titled “Spot to Futures Ratio (Binance) Hits 1.5-Year High,” the analyst pointed out that the ratio between spot and futures volume has reached 4.9, its highest level in 18 months. On May 12, Binance recorded $30.17 billion in spot trading volume versus $115.56 billion in futures trading. This 4.9x difference indicates that speculative interest, often driven by leverage, currently far exceeds direct buying pressure seen in spot markets. The Spot to Futures Ratio provides insight into the balance between actual asset purchases and derivative-based speculation. A higher ratio means that trading is more heavily concentrated in futures markets, where traders bet on price movements without owning the underlying asset. This pattern often reflects short-term sentiment and positioning rather than long-term conviction. While elevated futures activity can amplify market moves in either direction, it may also signal caution, as traders hedge rather than accumulate. The sustained gap between spot and futures volumes indicates that speculative leverage is playing a central role in Bitcoin’s current rally. Balanced Profitability Suggests Market Stability Meanwhile, on-chain metrics presented by another CryptoQuant analyst, Crazzyblockk, further contextualize the broader market sentiment. According to his data, profitability across investor cohorts remains high: wallets holding BTC for less than one month are up 6.9% in unrealized gains, while short-term holders (less than six months) are seeing 10.7% gains. Despite these elevated profit margins, there has been no significant sign of mass profit-taking or distressed selling. The Unrealized Profit/Loss (UPL) Ratio reveals that while the majority of the network is in profit, the distribution of gains across different investor groups remains relatively balanced. Related Reading: This Bitcoin Level Could Be To Watch In The Short Term, Glassnode Says This type of evenly distributed profitability has historically been associated with reduced volatility and a lower risk of sudden corrections. Crazzyblockk noted that, in previous cycles, extreme profit concentration among one group, typically short-term holders, often preceded major selloffs. However, the current structure appears more stable, with no signs of excessive selling pressure. Although macroeconomic risks and external volatility remain factors to watch, the combination of strong price action, steady accumulation, and limited distribution suggests that the market may be preparing for a new phase, potentially leading to a breakout beyond Bitcoin’s existing all-time high. Featured image created with DALL-E, Chart from TradingView

The broader cryptocurrency market has been on an upward trajectory over the past few weeks, partly driven by improving global macroeconomic conditions. Recent policy shifts between the United States and China, two of the world’s largest economies, have helped fuel investor sentiment. Both countries have agreed to temporarily reduce tariffs: the US cut rates from 145% to 30%, while China lowered its own from 125% to 10%, each over 90 days. These decisions have been interpreted by some as a step toward easing global trade tensions, supporting risk-on assets such as Bitcoin. In response to the broader bullish environment, Bitcoin has seen a steady rise, currently trading at $106,574, up 1.7% in the last 24 hours. The price earlier reached a 24-hour high of $107,844 before retreating slightly. Despite the pullback, Bitcoin remains just 2% below its all-time high of $109,000, recorded in January 2025. The consistent climb has led analysts and traders to monitor on-chain metrics more closely to gauge market behavior and possible future movements. Related Reading: Binance Bitcoin Outflows and MVRV Ratio Point to Sustained Bullish Setup, Analyst Reveals Realized Capitalization Surges as Accumulation Phase Strengthens A recent analysis from CryptoQuant contributor Carmelo Alemán has brought attention to Bitcoin’s realized capitalization, a metric that measures the total value of Bitcoin based on the price at which each coin last moved on-chain. According to Alemán, the realized cap jumped by more than $3 billion in a single day, marking a 0.33% increase in the total capital invested in Bitcoin. This significant uptick signals renewed capital inflows, and more importantly, it points to a recurring pattern of accumulation and consolidation. Alemán identified a repeating cycle beginning in April, where Bitcoin has shown sharp price increases followed by sideways movements lasting 8 to 10 days. These lateral phases, supported by rising realized cap, form a staircase-like chart structure with each step building upon the previous one. From an on-chain perspective, the steady climb in realized cap suggests buyers are entering the market at higher levels, lifting the network’s aggregate cost basis and demonstrating long-term confidence in the asset. On-Chain Trends Suggest Investors Are Positioning for Continuation Alemán also highlighted that the behavior of realized capitalization in the current market mirrors patterns seen in previous bull cycles. Historically, spikes in this metric during consolidation phases have preceded large-scale price movements. The current rise indicates that capital entering the market is doing so with a long-term view, rather than speculative short-term intent. This positions the market for a potential continuation, especially as accumulation appears to intensify around the psychological $106,000–$109,000 range. Related Reading: $3.8 Billion In Capital Inflows Behind Ethereum’s Post-Pectra Surge, Data Shows The analyst concluded that tracking realized cap in the days ahead will be essential to confirm whether the current phase evolves into another upward price impulse. If the trend persists, it could support another leg higher, reinforcing the view that Bitcoin remains in a broader accumulation structure. Featured image created with DALL-E, Chart from TradingView

Bitcoin (BTC) has seen a slight retreat after reaching an intraday high of $106,704. At the time of writing, the asset trades at $104,686, reflecting a mere 0.4% increase in the last 24 hours. Despite this slight pullback, BTC remains within 3.8% of its all-time high of $109,000 set in January, indicating that bullish momentum is still largely intact. Amid this price performance, data suggests that BTC’s price behavior remains supported by strategic accumulation patterns rather than short-term speculation. The return of large-scale withdrawals from centralized exchanges like Binance and Kraken may be contributing to this reduced sell-side pressure. Related Reading: Bitcoin Market Update: Spot Demand Climbs As Short-Term Profits Lose Steam Exchange Outflows and MVRV Ratio Support Accumulation Thesis Amr Taha, a contributor to CryptoQuant’s QuickTake platform, highlighted a noteworthy shift in investor behavior. According to Taha’s latest analysis, over 3,090 BTC, valued at approximately $325 million, were withdrawn from Binance in a single day. This followed an earlier 76,000 ETH withdrawal from Binance and a separate 170,000 ETH exit from Kraken. These movements suggest investors are increasingly transferring assets off exchanges, a behavior typically linked to long-term holding strategies. Taha notes that this trend aligns with broader developments in the industry, such as Circle’s reported IPO plans and acquisition discussions involving Coinbase and Ripple. Taha’s analysis also emphasizes the importance of the MVRV (Market Value to Realized Value) ratio in gauging market sentiment. Currently standing at 2.33, the MVRV remains below the 2.75 threshold that has historically triggered major corrections. The last instance of MVRV crossing that level coincided with a prolonged five-month downturn. In contrast, the current level suggests that Bitcoin is not yet in overheated territory, which could give the market room to move higher before heavy profit-taking begins. Bitcoin Market Structure Points to Reduced Sell Pressure Taha concludes that the market remains in an accumulation phase, driven by reduced exchange reserves and a neutral MVRV reading. The decline in exchange-held BTC supply lowers the risk of large-scale sell-offs, especially if buyer demand holds steady. This dynamic could help sustain the current uptrend, barring unexpected external shocks. Moreover, the combination of falling exchange balances and a sub-critical MVRV ratio paints a picture of a market not yet near euphoric excess. Instead, the conditions suggest a cautious optimism among investors, with many choosing to store rather than liquidate their holdings, according to Taha. Related Reading: This Bitcoin Level Could Be To Watch In The Short Term, Glassnode Says The analyst added that the gradual offloading of exchange balances supports the view that institutional and large retail participants are still positioning for future upside. Should the MVRV ratio climb toward the historical trigger point of 2.75, that sentiment may begin to shift, but for now, on-chain indicators suggest that Bitcoin’s rally may still have room to grow. Featured image created with DALL-E, Chart from TradingView

Bitcoin has resumed its upward trajectory in the early hours of Monday, briefly surpassing the $106,000 mark before encountering resistance and experiencing a minor pullback. As of the time of writing, Bitcoin is trading at $104,153, representing a 1% decline over the past 24 hours. Despite this dip, the asset remains in a strong position overall, having posted significant gains over the past several weeks and retaining proximity to its all-time high levels. This price action follows a brief consolidation phase late last week, during which Bitcoin paused after climbing above $104,000. Amid this price performance, CryptoQuant analyst Avocado Onchain recently shared his interpretation of the trend based on derivatives and spot market data. Related Reading: Are Bitcoin Whales About to Cash Out? Key Metric Signals Possible Profit-Taking Ahead Market Buy Volume and Funding Rates Show a Shift in Rally Behavior In his recent analysis, “Bitcoin’s Rebound Without Overheating Is a Clear Sign of a Healthy Bull Market,” Avocado Onchain pointed to a shift in Bitcoin’s behavior around key price milestones. In previous breakout attempts, he noted that Bitcoin’s surge to new all-time highs was often accompanied by a sharp rise in Binance’s market buy volume and funding rates, both of which signaled overheated conditions. These conditions typically resulted in short-term corrections, as traders locked in profits and leverage unwound. However, the analyst observed that the current rebound is unfolding differently. Funding rates on Binance remain stable, and market buy volume is trending downward, which Avocado interprets as a sign of restraint rather than weakness. He argued that, unlike the sharp speculative rallies seen in prior phases, the present environment reflects cautious optimism and sustained accumulation. According to him, this more tempered recovery could be less vulnerable to abrupt pullbacks and instead support a more stable path to potential new highs. ???? 과열 없는 비트코인 반등, 건강한 강세장의 신호(Bitcoin’s Rebound Without Overheating Is a Clear Sign of a Healthy Bull Market) 이번 시즌 비트코인 가격이 신고가를 갱신할 때마다 바이낸스 시장가 매수 거래량과 펀딩비는 크게 상승하였고, 그 후 과열로 인한 조정기간이 찾아오는 유사한… pic.twitter.com/c0JCPzgbfY — Avocado (@avocado_onchain) May 19, 2025 Bitcoin On-Chain Trends Point to Continued Accumulation Avocado further emphasized that although buying activity is not surging at the same rate as in prior runs, the overall trend in market buy volume has been gradually increasing since 2023. He referred to on-chain data that shows a consistent uptrend, suggesting that longer-term investor appetite remains intact. With sentiment still recovering from recent corrections and derivatives markets appearing less overheated, he suggested the market structure is favorable for additional upward momentum in the near to mid-term. Related Reading: Bitcoin Exchange Stablecoins Ratio Surges—A Warning For Investors? While the analyst did not make a specific prediction regarding when Bitcoin might surpass its previous record, he highlighted that the current market conditions do not resemble previous overheated peaks. This, he noted, makes for a more constructive setup and potentially more durable gains if the trend continues. Featured image created with DALL-E, Chart from TradingView

Bitcoin prices have registered impressive gains in recent weeks amidst an ongoing price rebound. Since dipping below the $75,000 mark in mid-April, the asset’s price has jumped by over 37.5% to trade as high as $105,490.  While the BTC market appears to be cooling off, renowned crypto analyst Ali Martinez has tipped the premier cryptocurrency to hit a market top of $120,000 before the current bull cycle runs out. Related Reading: Golden Ratio Multiplier Called Bitcoin Top In 2021 – Here’s What It’s Saying Now CVDD Metrics Hint At $120k Peak, But Only If $90k Support Holds The Cumulative Value Days Destroyed (CVDD) is an on-chain metric that measures the total coin-days destroyed when dormant BTC moves, thus capturing the spending activity of long-term holders. Basically, a surge in CVDD indicates significant profit-taking by long-term holders, which is often an indicator of overheated market conditions. Meanwhile, reduced CVDD action marks accumulation phases.  Based on the chart presented by Martinez, prominent analytics firm CryptoQuant extrapolates Bitcoin’s current CVDD at $34,154 into multiple layers, each representing different aspects of the bull market.   Firstly, there is the Accessing Tops, i.e, the black line which extrapolates the CVDD into an upper band that the price has reached at the major tops, such as at $20,000 in 2017 and $69,000 and 2021. Presently, the Accessing Tops is around $120,000, suggesting this could be the next market peak of this bull run.  Another important layer in CryptoQuant’s extrapolation of the CVDD is the Accumulating Phase 2, the second-tier support band that has repeatedly underpinned price throughout 2025. It is presently positioned at $90,000, marking the first major support line for bulls.  With the present Bitcoin price at $103,242, Ali Martinez warns that preserving the price support at $90,000 is critical to maintaining Bitcoin’s bull structure and enabling a potential rise to $120,000. Related Reading: Ethereum Faces Resistance Against Bitcoin – ETH/BTC Bullish Structure In Question Bitcoin Price Overview At the time of writing, Bitcoin trades at $103,573, reflecting a slight market gain of 0.09% in the past day. Meanwhile, the asset’s daily trading volume is down by 17.92%, indicating a fall in market participation.  Presently, the next resistance level stands at $105,000. However, Martinez has stated that major positive developments will only follow when a price close above $107,000 is achieved. Meanwhile, bullish sentiments remain high as illustrated by another impressive performance by the Bitcoin Spot ETFs, which registered a net inflow of $1.81 billion in the past week. With a market cap of $2.04 trillion, Bitcoin continues to remain the most valuable digital asset, holding about 62.8% of the crypto market. Featured image from Pexels, chart from Tradingview

Onchain data shows that over $40 billion worth of XRP has been moved over the last week, which puts the altcoin on the edge. Specifically, these coins were transferred to exchanges, which indicates that XRP is at risk of a massive sell-off.  Over $40 Billion XRP Moved To Exchanges CryptoQuant data shows that over $40 billion has been moved to Binance this past week, with the exchange’s reserves surging during this period. This development is usually bearish as it indicates that investors are looking to offload their coins. This comes as the XRP price surged to as high as $2.6, which explains this wave of profit-taking.  Related Reading: XRP Reaching Oversold Levels As Net Flows Turn Negative, What’s Next? Moreover, crypto analyst Ali Martinez revealed that Bitcoin whales have secured profits, selling over 30,000 BTC this week. As such, XRP whales may be simply mirroring this move. Meanwhile, Bitcoinist reported that XRP is reaching oversold levels as net flows turn negative, with the wave of sell-offs heightening.  This selling pressure comes amid Judge Analisa Torres’ ruling in the Ripple SEC lawsuit, which provides a setback for XRP. The judge denied the parties’ motion for an indicative ruling because the filing was procedurally improper. The ruling also sparked a massive sell-off, with XRP dropping over 4%. XRP risks losing its bullish setup as Martinez revealed that the key support zone is at $2.38, meaning that a drop below this level could lead to a deeper correction. However, a hold above this level could set the altcoin for a rally to new highs as the analyst revealed that there are no major resistance clusters ahead. Crypto analyst CasiTrades had warned that XRP’s failure to hold above the $2.69 resistance could send its price towards $2.30 for a reset.  Altcoin Has Formed A Double Bottom Formation In an X post, crypto analyst Egrag Crypto revealed that XRP has formed a double bottom following the dip to $2.3126. He stated that the altcoin is still bouncing off the red descending trend line, showing resilience. The analyst added that the altcoin is experiencing some micro noise within the range between the Fibonacci 0.888 levels at $2.30 and $2.62.  Related Reading: XRP Price Set To Continue Uptrend As Stochastic RSI Moves Out Of Oversold Zone His accompanying chart showed that the key is for the XRP price to hold above the trendline at $2.3. A bounce from this level could send the altcoin as high as $3.8, near its current all-time high (ATH) of $3.84. Based on its historical performance, Egrag Crypto still expects the altcoin’s price to rally to between $27 and $33 in this market cycle.  At the time of writing, the XRP price is trading at around $2.37, down almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com