Bitcoin’s price appears to have resumed its downward trajectory after briefly recovering to the $87,000 level earlier this week. At the time of writing, Bitcoin has experienced a 5.7% decline in the past 24 hours, bringing its price significantly below recent highs. Currently, BTC is down approximately 24.7% from its all-time high recorded above $109,000 in January, highlighting ongoing bearish pressure in the market. As Bitcoin continues to navigate turbulent market conditions, analysts are paying close attention to various indicators to predict the asset’s next move. Related Reading: Analyst Identifies Key Bitcoin Demand Zone For ‘Substantial Gains’ – Details Bull Score Index and Spent Output Age Bands Indicator CryptoQuant analyst Julio Moreno recently highlighted the significance of the CryptoQuant Bull Score Index, a tool designed to measure market sentiment for Bitcoin. According to Moreno, the Bull Score Index has been flashing bearish signals—below the critical threshold of 40—since Bitcoin traded around $96,000. At present, the Index has dropped even further, reaching a remarkably low level of 10, indicating severely bearish market conditions. The Bull Score Index is a metric developed to quantify the bullish or bearish sentiment of the Bitcoin market. Scores closer to 100 indicate highly bullish sentiment, suggesting strong buying momentum, while scores approaching 0 indicate overwhelmingly bearish conditions, with significant selling pressure and negative market sentiment. With the index now at 10, investor confidence appears notably weakened, pointing towards caution in the short term. Adding to these bearish signals, another CryptoQuant analyst, Maartunn, reported increased activity among older BTC holders, known as “Spent Output Age Bands.” This indicator measures the age of Bitcoin that is actively being moved or transacted. When a large volume of older coins (coins held for several years) is moved, it typically suggests that long-term holders might be preparing to sell. 1,057 Bitcoin that hadn’t moved in 7–10 years just woke up. Long-term holders may be preparing to sell. https://t.co/A6I7Mo3ljX — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Maartunn noted that over 1,057 BTC aged between 7 to 10 years recently moved, pushing this indicator above the critical 50 threshold, signifying potential increased selling pressure from long-term investors. Contrasting Views from Technical Indicators Despite these bearish warnings, some analysts remain optimistic about Bitcoin’s potential near-term performance. Crypto analyst Javon Marks has pointed to the Relative Strength Index (RSI), a momentum indicator that measures the speed and change of recent price movements, to justify his bullish stance. A breakout in the RSI typically signals growing bullish momentum and could precede significant price increases. According to Marks, Bitcoin’s daily RSI has recently held its breakout level, similar to previous bullish occurrences that have historically preceded significant upward moves. Related Reading: Corporate Bitcoin Buying Hits Record Levels, Yet Prices Are Down—Here’s Why However, another analyst known as Titan of Crypto has issued a cautionary note. Titan stressed that Bitcoin needs to maintain its position within a key support channel and keep the weekly RSI above important support levels to avoid further correction. If Bitcoin fails to hold these levels, Titan predicts that a deeper market downturn could ensue, causing additional challenges for traders and investors. Featured image created with DALL-E, Chart from TradingView
Ethereum (ETH) continues to underperform in the broader cryptocurrency market, currently trading just below $1,800 after falling 4% in the past 24 hours. Despite a strong start to the year, where the crypto market experienced bullish momentum, ETH has failed to sustain its upward trajectory. Since slipping below the $3,000 level, the asset has largely ranged downward and has now breached the $2,000 support zone, signaling weakening demand and sentiment. While Bitcoin and other major digital assets still managed to see some recovery efforts in recent weeks, Ethereum’s price decline has been accompanied by decreasing network activity and weakening on-chain fundamentals. This divergence has raised concerns over ETH’s short-term outlook and prompted a fresh analysis of the underlying causes driving the asset’s performance. Related Reading: Whales Dump 760,000 Ethereum in Two Weeks — Is More Selling Ahead? Fee Decline and Network Inactivity Fuel Inflationary Pressures CryptoQuant analyst EgyHash recently published a report highlighting key on-chain metrics that suggest Ethereum’s current market weakness is closely tied to its declining fee economy and user activity. According to the report titled: “Why Ethereum Is Bleeding Value: Fee Crash Meets Hyperinflation Hellscape.” Ethereum’s network is experiencing its lowest levels of activity since 2020. Daily active addresses have declined steadily since early 2025, and average transaction fees have dropped to record lows. This reduction in activity has led to a sharp fall in Ethereum’s burn rate, a metric crucial in offsetting inflationary pressures following the network’s transition to proof-of-stake. Related Reading: Ethereum Price Approaches Resistance—Will It Smash Through? The Dencun upgrade, which was expected to enhance network efficiency, has coincided with an extended period of low transaction volumes, further reducing fee income and contributing to higher net ETH issuance. EgyHash concludes that the confluence of weak network engagement, reduced burn rate, and high token inflation is central to Ethereum’s declining valuation. Why Ethereum Is Bleeding Value “Ethereum’s recent underperformance can be largely attributed to diminished network activity, as evidenced by declining active addresses and reduced transaction fees.” – By @EgyHashX pic.twitter.com/fgQJYCrOIn — CryptoQuant.com (@cryptoquant_com) April 3, 2025 Ethereum Technical Outlook Signals Potential Support Despite on-chain headwinds, some technical analysts maintain a cautiously optimistic view. Trader Courage, a technical analyst on X, noted that Ethereum is currently testing a major support zone and could rebound toward the upper resistance of its current trading range. $ETH / #ETH 1H chart ???? Back at the green support line. Looks like we could be heading towards the top of the range. Key levels are on the chart.#Ethereum pic.twitter.com/rRX8b3b6nW — Trader Courage ???? (@CryptoCourage1) April 3, 2025 Another market analyst, CryptoElite, shared a long-term ascending trendline that ETH has respected historically. Based on this trend, the analyst believes ETH could still have the potential to rally to $10,000 later in the year, provided broader market conditions improve. Featured image created with DALL-E, Chart from TradingView
Bitcoin continues to trade above the $85,000 mark, signaling a slight upward movement after weeks of price consolidation. As of today, the asset is up 2.2% on the daily chart, giving some traders a reason to anticipate a stronger rally ahead. However, broader timeframes paint a different picture. Over the last month, Bitcoin is down over 8%, and from its January 2025 all-time high above $109,000, the decline stands at more than 20%. Related Reading: Will Bitcoin Downtrend Continue? This Metric Suggests Yes Public Companies Accumulate BTC While Long-Term Holders Sell Despite this underperformance, blockchain data provider CryptoQuant has published a breakdown of corporate Bitcoin accumulation in the first quarter of 2025. The data highlights an aggressive accumulation trend among public companies. In total, these firms added 91,781 BTC to their balance sheets between January and March, suggesting continued confidence in Bitcoin’s long-term value proposition. Among the most notable buyers, Tether added 8,888 BTC in Q1 2025, bringing its total holdings to 92,646 BTC. MicroStrategy remained the most aggressive acquirer, purchasing 81,785 BTC worth over $8 billion. Other participants included Semler Scientific (+1,108 BTC), Metaplanet (+2,285 BTC), and The Blockchain Company (+605 BTC). CryptoQuant also mentioned that Marathon Digital is planning a $2 billion stock sale to fund future Bitcoin purchases, while GameStop is exploring a $1.3 billion convertible note offering to support its entry into Bitcoin investing. However, this strong demand was not enough to sustain Bitcoin’s price. CryptoQuant reported that long-term holders offloaded around 178,000 BTC during the same period, adding significant sell pressure. The situation was exacerbated by outflows of approximately $4.8 billion from spot Bitcoin ETFs, which further weighed on price action. Adding to the sell pressure: $4.8 billion flowed out of Bitcoin ETFs in Q1. Despite corporate buying, this wave of outflows likely weighed heavily on price. pic.twitter.com/gZZz5RJxdK — CryptoQuant.com (@cryptoquant_com) April 2, 2025 Key Support Levels for Bitcoin Identified by Analyst Meanwhile, CryptoQuant analyst BorisVest identified an important support zone between $65,000 and $71,000. This range is derived from two specific metrics: the Active Realized Price and the True Market Mean Price. The Active Realized Price, currently around $71,000, filters out long-dormant coins to better reflect the behavior of more active market participants. On the other hand, the True Market Mean Price at $65,000 represents a broader average based on recent transaction history. Related Reading: Bitcoin Stays Down, But Whale Wallets Quietly Climb to 4-Month High BorisVest noted that if Bitcoin’s price falls into this zone, it could see strong demand from long-term holders and institutional buyers alike. He suggested that this area may serve as a foundation for further accumulation and potentially act as a springboard for a new upward phase. Regardless, while some market participants continue to exit their positions, others appear to be taking advantage of the consolidation to accumulate. Featured image created with DALL-E, Chart from TradingView
Bitcoin has seen a notable price consolidation over the past few weeks, trading between the $84,000 and $86,000 levels. Despite the initial surge in price, the cryptocurrency has faced a decline of 3.7% in the past week and nearly 10% in the past month, signaling a period of stagnation in its upward momentum. At the time of writing, Bitcoin is priced at $84,263, raising questions about the future trajectory of the asset as investors await a clear direction. Related Reading: Bitcoin Reverses Losses—Analysts Say $100K Is On The Horizon The Dead Cross: A Signal for a Potential Price Drop? BilalHuseynov, a contributor to CryptoQuant’s QuickTake Platform, has offered valuable insights into Bitcoin’s current market behavior. In his latest post, titled “Will Bitcoin Drop Anymore?”, he sheds light on key on-chain metrics that may help predict the next movement in Bitcoin’s price. His analysis revolves around the behavior of two important metrics: Realized Cap and Thermo Cap, particularly focusing on their recent crossover, which could have significant implications for Bitcoin’s price direction. Huseynov explains that the Realized Cap metric, which tracks Bitcoin’s total value based on its last movement price, gives a more accurate representation of the network’s economic value. On the other hand, Thermo Cap measures the total capital introduced into the BTC network through mining. When Thermo Cap crosses below Realized Cap — known as a “Dead Cross” — it signals that Bitcoin might be heading toward a price decline. Huseynov points out that this situation is unfolding and predicts that BTC’s price could drop to as low as $75,000 if the second Dead Cross materializes. Is The Bitcoin Market Condition Still Healthy? In addition to Huseynov analysis, another CryptoQuant’s analyst Banker has provided insight into the Coin Days Destroyed (CDD) metric, which tracks the movement of long-dormant BTC. Since March 2025, the CDD 60-day moving average has remained low, indicating that long-term holders are not selling their Bitcoin in large quantities. This behavior is often a sign of confidence among seasoned investors, suggesting that they believe in Bitcoin’s long-term potential. Related Reading: Is The Bitcoin Bull Run Over? Watch This Key Price The absence of major CDD spikes indicates that the market is not experiencing extreme price volatility, which could signal a period of consolidation or eventual upward momentum as selling pressure remains low. This development also coincides with recent reports of short-term holders exhibiting less selling pressure after their initial move of taking profits. Decrease in selling pressure by 1-3 month holders “These holders appear to show reduced activity in the market after taking profits from their short-term trades.” – By @CryptoOnchain Read more ⤵️https://t.co/ThyGe7pjPO pic.twitter.com/0minPLfiWM — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView
Bitcoin has recently displayed signs of upward momentum, trading at $85,215, marking a 2.2% increase in just the past day. Despite this short-term gain, the asset remains down by over 21.2% from its all-time high of $109,000 reached in January. The ongoing price fluctuations have left Bitcoin in a downward trend on a broader time scale, with investors and analysts closely watching for signs of a rally. Related Reading: Will Bitcoin Downtrend Continue? This Metric Suggests Yes Path To $150k: Short-Term Holders’ Changing Behavior Despite the recent dip, data from CryptoQuant provides interesting insights into Bitcoin’s market dynamics. According to one of CryptoQuant’s contributors, Onchained, the behavior of short-term holders is a key factor to observe in the current market. Onchained’s analysis suggests that short-term holders, defined as those who have held Bitcoin for between one and three months, are no longer panicking and selling at a loss as they did in previous market cycles. The analysis reveals a slowdown in the selling pressure from this group, suggesting a shift in sentiment. Onchained’s report highlights the importance of the Short-Term Holder Net Realized PNL to Exchanges (CEXs) metric. This metric helps determine the selling pressure on Bitcoin, showing who is selling, whether they’re selling at a profit or loss, and the overall intensity of the market’s movement. The data indicates that while short-term holders are selling, the realized losses have been relatively low compared to unrealized losses. This suggests that these holders, despite being in the red, are opting to hold their positions rather than panic sell. Onchained further notes that this reduction in selling pressure could indicate the formation of a market bottom. Historically, when realized losses from short-term holders have been low and selling pressure has diminished, it has marked the end of a downward trend and the beginning of a recovery phase. With 28% of Bitcoin’s circulating supply in the hands of short-term holders, if these coins transition into long-term holders, it could significantly contribute to Bitcoin’s price surge beyond $150,000. Related Reading: Saylor’s Strategy Adds $1.9 Billion Worth Of Bitcoin To Growing Portfolio Decreasing Selling Pressure and What It Means for Bitcoin’s Future Another CryptoQuant analyst, CryptoOnchain, has pointed out that the selling pressure from short-term holders is indeed decreasing, as reflected in both the Short-Term SOPR chart and the UTXO Age Band for holders between one to three months. The data shows a decrease in Bitcoin being moved by this group, suggesting that short-term investors are holding off on making further sales. This aligns with Onchained’s view that a reduction in short-term selling pressure could signal a market bottom. Decrease in selling pressure by 1-3 month holders “These holders appear to show reduced activity in the market after taking profits from their short-term trades.” – By @CryptoOnchain Read more ⤵️https://t.co/ThyGe7pjPO pic.twitter.com/0minPLfiWM — CryptoQuant.com (@cryptoquant_com) April 1, 2025 If the trend of lower selling pressure continues, Bitcoin could see more stability or even a price rebound. As we approach a crucial phase for Bitcoin, all eyes will be on these short-term holders and the potential for a longer-term shift in sentiment. Featured image created with DALL-E, Chart from TradingView
After experiencing a bearish trend earlier in the week, Bitcoin (BTC) seems to have regained upward momentum. The asset started the day with a 2.1% rise. It is currently trading above the $84,000 mark, signaling a potential return to its previous price levels. Despite this positive movement, Bitcoin remains subject to fluctuating market conditions, influenced by external factors and internal metrics impacting its performance across different exchanges. Related Reading: Arthur Hayes Predicts $250,000 Bitcoin As Fed Caves To QE Pressure Shifting Trends in Bitcoin’s Exchange Flows As BTC continues to make strides above $84,000, an interesting trend has emerged in exchange flows signaling investor behavior. A recent analysis by CryptoQuant’s Joao Wedson provides a fascinating perspective on the current state of the Bitcoin market. According to Wedson, Bitcoin’s price action has been significantly impacted by lower selling pressure on certain exchanges, particularly Binance. In his report titled “Lower Selling Pressure: Binance and the BTC Flow Across Different Exchanges”, Wedson highlights that Short-Term Holders (STHs) are sending significantly fewer Bitcoin to Binance compared to other exchanges. The current amount of BTC being sent to Binance stands at 6,300 BTC, much lower than the average of 24,700 BTC transferred to other platforms. This suggests that many traders on Binance may be adopting a more neutral stance, potentially waiting for clearer signals before making further moves. On the other hand, Bitcoin inflows to other exchanges are increasing, indicating that investor behavior may vary based on the platform they use. Binance, despite having the highest trading volume, seems to be seeing less activity from short-term holders, whereas other exchanges are experiencing higher inflows. This shift could suggest that while Binance remains a trusted exchange, other platforms are beginning to see more action from BTC traders. Binance Dominates Spot Trading Volume In another analysis by CryptoQuant’s Maartunn, the focus shifted to spot trading volumes across various exchanges, with Binance taking the lead. In the year-to-date data for 2025, Binance has been the dominant player in spot trading volume, handling a cumulative total of $1.9 trillion. This is more than three times the volume of its closest competitor, Crypto.com, which stands at 12.12%. The dominance of Binance is significant, as higher trading volumes typically result in greater liquidity and tighter spreads, benefiting traders with better pricing and smoother entry and exit opportunities. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities The increasing liquidity on Binance makes it an attractive option for many investors, and its dominance in spot trading volume further solidifies its position as a key player in the cryptocurrency market. Binance Leads Spot Trading Volume in 2025 So Far “The cumulative spot volume chart clearly shows Binance leading with the largest share of activity, with 1.9T since the beginning of 2025… Binance controls 43.66% of the total spot market volume (4.56T), which is: – More than… pic.twitter.com/t1ohcg3GA9 — CryptoQuant.com (@cryptoquant_com) April 1, 2025 Featured image created with DALL-E, Chart from TradingView
According to a recent CryptoQuant Quicktake post, short-term Bitcoin (BTC) holders are choosing to retain their digital assets despite incurring unrealized losses. CryptoQuant contributor Onchained explained that short-term BTC holders have recorded significantly lower realized losses compared to their unrealized losses. Short-Term Bitcoin Holders Expecting A Price Rally? The first quarter of 2025 has been marked by high price volatility in the cryptocurrency market, including Bitcoin. BTC has dropped from approximately $97,000 on January 1 to around $83,000 at the time of writing, reflecting a decline of more than 15%. Related Reading: Bitcoin Whales Make Big Moves As Bullish Momentum Resurfaces Despite this price pullback, short-term BTC holders continue to hold onto their assets instead of selling at a loss. CryptoQuant contributor Onchained analyzed the Short-Term Holder Net Realized PNL to Exchanges, highlighting a shift in selling behavior. According to the analyst, BTC holders who have owned their coins for one to three months have been the most active sellers in recent days, even at the cost of realizing losses. This is unusual, as short-term investors holding BTC for less than a week are typically the most reactive sellers. However, recent data shows a significant decline in selling pressure to cryptocurrency exchanges. This suggests that BTC holders who purchased their coins in the last six months are opting to hold onto their assets rather than panic sell. This shift in selling behavior among short-term holders could have multiple implications. A decline in selling pressure may indicate a change in investor sentiment, with holders willing to endure short-term losses in anticipation of long-term gains. While the analyst cautioned that this data does not predict future price movements, it does provide valuable insights into market psychology. The analysis states: Are short-term holders finally holding the line? If so, this could reduce downside volatility and set the stage for stabilization, or even a reversal. Onchained concluded that short-term holders currently control 28% of BTC’s circulating supply. If a significant portion of these holdings transitions to long-term holders, it could pave the way for Bitcoin’s price to surge beyond $150,000. Is BTC About To Stage A Comeback? Alongside the decline in short-term BTC selling pressure, several other exchange-related metrics suggest the possibility of an upcoming price surge for the world’s largest cryptocurrency by market capitalization. Related Reading: Bitcoin Breaks Daily RSI Downtrend, But Analyst Warns Of Strong Resistance Ahead Recently, crypto entrepreneur and market commentator Arthur Hayes claimed that BTC “probably” hit this market cycle’s bottom during its plunge to $77,000 on March 10. However, Hayes noted that the stock market could still experience further pullbacks. While Bitcoin has been in a downtrend for the past few months, gold has surged to multiple new all-time highs (ATHs) due to ongoing global macroeconomic uncertainty. BTC’s poor performance against the precious metal is likely to continue as the US trade tariff threat looms. At press time, BTC trades at $83,953, up 2.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin has continued to show weakness in price movement, with limited upside momentum over the past several weeks. The cryptocurrency has declined by 22.3% in the last month alone, bringing its price down to $83,191 at the time of writing. The drop reflects ongoing uncertainty in the broader crypto market, as investors are struggling with reduced risk appetite and a lack of strong bullish catalysts. Related Reading: Bitcoin RSI Targets Daily Retest That Triggered 2024 Price Rally, What Happened Last Time Whale Accumulation Patterns Echo Previous Bull Market Phases Despite the downtrend, recent on-chain activity suggests that certain investor cohorts remain confident in Bitcoin’s long-term value. In particular, whale addresses—wallets holding between 1,000 and 10,000 BTC—have demonstrated a historical correlation with Bitcoin’s price trends. According to CryptoQuant contributor Mignolet, the current market cycle bears a resemblance to the 2020 bull cycle, where these whales exhibited accumulation behavior during bearish sentiment phases. Mignolet noted that these patterns occurred three times throughout the 2020 cycle, each coinciding with brief drawdowns in price. In the current phase, similar accumulation activity is being observed among whale entities, particularly those with holdings in the 1,000 to 10,000 BTC range. These patterns, as Mignolet suggests, may indicate that these market leaders are not exiting their positions, despite price pressure. Notably, the significance of whale behavior lies in its historical influence on market direction. As long as whales remain in accumulation mode, it could provide a base of support for the broader market and reduce the likelihood of further rapid declines. However, this dynamic does not eliminate the possibility of continued volatility, especially if broader market sentiment does not improve. Bitcoin Short-Term Holders Show Signs of Capitulation In contrast to whale activity, short-term holders (STHs) are showing signs of distress. Another CryptoQuant analyst, Darkfost, highlighted that the Short-Term Holder Spent Output Profit Ratio (SOPR) has remained below 1.0 for over two months, currently hovering around 0.98. This metric compares the selling price of Bitcoin with its acquisition price. When it falls below 1, it suggests that holders are selling at a loss—often viewed as a sign of capitulation. STH Capitulation “When this ratio drops below 1, it signals capitulation among STHs, often leading to short-term price declines. We can confirm this trend by observing the $BTC being sent to exchanges at a loss.” – By @Darkfost_Coc Link ⤵️https://t.co/BUIo9caGck pic.twitter.com/QfNfFpT9VL — CryptoQuant.com (@cryptoquant_com) March 31, 2025 Additionally, on-chain data shows that approximately 46,000 BTC have been sent to exchanges at a loss in recent weeks, highlighting the stress among STHs. Related Reading: Bitcoin Price Slips Under $84,000 — Key Support Levels To Watch Historically, periods of heavy short-term capitulation have often preceded market bottoms, as weak hands exit positions and longer-term investors take advantage of the discounts. Featured image created with DALL-E, Chart from TradingView
After showing signs of recovery last week, Bitcoin appears to have lost its upward momentum once again. The cryptocurrency was closing in on the $90,000 psychological level but has since reversed direction, falling by 6.4% over the past week to hover around $82,000 at the time of writing. This decline has placed renewed attention on market metrics that suggest the rally may have been short-lived. Amid this downward movement, several on-chain analysts have raised questions about whether recent price trends reflect real demand or speculative behavior. Particularly, insights from CryptoQuant contributors point to warning signs, including a divergence between market capitalization and actual network activity. Related Reading: Bitcoin Weekly Preview: Tariffs, Whales, And Volatility Ahead NVT Indicator Signals Caution Amid Low Transaction Volume In a recent post titled “Manipulative Moves or True Value? A Bitcoin and NVT Analysis,” CryptoQuant analyst BorisVest pointed to the Network Value to Transactions (NVT) ratio as a critical metric for understanding current market dynamics. The NVT ratio is calculated by dividing Bitcoin’s market capitalization by its daily transaction volume. According to BorisVest, Bitcoin’s elevated NVT Golden Cross reading indicates a high market cap against low transaction activity — a combination that historically suggests price inflation driven by speculative interest rather than organic growth. BorisVest emphasized that periods with a high NVT often precede market corrections. In contrast, when the NVT falls into the green zone — signaling a low market cap with rising transaction volume — it may present a stronger foundation for price appreciation. As of now, the metric suggests Bitcoin’s recent price rise lacks transactional support, and continued pullbacks remain possible unless volume returns to the network. Bitcoin Speculators Absent, Sentiment Remains Cautious Adding to the cautious outlook, another CryptoQuant contributor known as crypto sunmoon highlighted the role of leverage in driving crypto bull markets. The analyst pointed out that funding rates have recently “dead-crossed,” which occurs when short-term funding rates fall below long-term rates, often indicating bearish sentiment among traders. According to sunmoon, this shift suggests that speculators are currently unwilling to take on risk — a key component needed to fuel bullish price movements. The analyst concluded that the return of speculative trading behavior, typically marked by rising funding rates and leveraged positions, is essential for reigniting upward momentum in Bitcoin. Related Reading: Bitcoin Rising Wedge: Expert Warns Of Imminent Breakdown In Coming Days Until then, market sentiment may remain subdued, with sideways or declining price action more likely. According to these CryptoQuant analysts, watching Bitcoin’s transaction volumes and funding trends will be crucial in determining whether Bitcoin is set for a renewed breakout or further consolidation. Featured image created with DALL-E, Chart from TradingView
Bitcoin (BTC) continues to trade above the $84,000 mark despite a slight decline in momentum this week. After briefly touching higher levels of nearly $90,000, the asset has seen a 3.3% decrease over the past day, bringing its current price to roughly $84,222. While price volatility remains a short-term concern, Bitcoin’s broader trend shows signs of consolidation within this range. Amid the movement from BTC’s price, on-chain analysts are offering insights into Bitcoin’s behavior beyond the surface-level price action. Related Reading: CEO On Bitcoin: A Big Idea Whose Time Has Finally Come Bitcoin Mean Coin Age and Supply Dynamics in Focus A recent analysis by CryptoQuant contributor Onchained points to Bitcoin’s Mean Coin Age (MCA) as a crucial metric for understanding current market sentiment. The MCA represents the average age of unspent transaction outputs (UTxOs), which can help reveal the behavior of long-term holders. According to Onchained, Bitcoin’s recent upward momentum is not a product of short-term speculation or news-driven hype. Rather, it is being influenced by the strategic actions of long-term holders. These participants typically acquire BTC during market downturns and hold through volatile phases, reducing the available supply and gradually increasing scarcity. This behavior creates conditions in which even moderate increases in demand can lead to stronger price responses due to reduced liquidity in the market. With Bitcoin’s supply capped at 21 million, the accumulation of coins by long-term holders contributes to a tightening of supply. As these coins become increasingly illiquid, they apply upward pressure on price when demand strengthens. This mechanism is a core feature of Bitcoin’s market dynamics and is viewed by some analysts as a signal of potential bullish continuation. Onchained wrote: This illiquidity creates a supply-demand imbalance, contributing to upward pressure on prices when demand increases. As fewer coins are available for trading, the price becomes more sensitive to buy-side pressure, leading to stronger upward price movements. Monitoring Behavioral Shifts for Market Signals The analysis also highlights the significance of a sudden drop in MCA, which can indicate long-term holders are beginning to move their coins. Such behavior may signal changing sentiment, profit-taking, or reactions to broader macroeconomic conditions. According to Onchained, “the movement of these coins from long-term holders can drive short-term volatility and is a signal that market dynamics are changing.” Onchained emphasized that relying solely on public commentary or high-profile announcements—such as regulatory statements, ETF launches, or tweets from influential figures—may distract from the deeper, data-driven trends that govern Bitcoin’s performance. Related Reading: Bernstein Projects Strategy Holdings Skyrocket To 1 Million BTC By 2033 Instead, the blockchain itself provides transparent insights into actual investor behavior, offering a clearer view of market conditions. The analyst noted: The truth lies within the data itself. The blockchain speaks clearly and transparently, and it is through this data that we can understand bitcoin’s true movement. S.N architected Bitcoin to ensure that the financial information we need is open and accessible to all, so we can make informed decisions, not be misled by the stupidity of popular narratives. Let the data guide us, not the whims of outsiders who misunderstand what is truly happening. Featured image created with DALL-E, Chart from TradingView
According to a CryptoQuant Quicktake post published earlier today, Bitcoin (BTC) may be on the verge of a significant price rally. Since February 6, net flow across crypto exchanges has remained negative – a historically bullish signal for the digital asset. Bitcoin To Benefit From Negative Exchange Net Flow The past 24 hours have been highly volatile for the crypto market, with liquidations exceeding $360 million, the majority involving long positions. However, despite this market pullback, on-chain data remains bullish, suggesting that concerns may be overstated. Related Reading: Bitcoin Could Hit $112,000, But Only If It Holds Above This Key Level – Analyst Explains In a Quicktake post shared today, CryptoQuant analyst ibrahimcosar highlighted Bitcoin’s exchange flows. He noted that since February 6, BTC has experienced a persistent negative net flow across trading platforms. To explain, when a large quantity of BTC is withdrawn from exchanges, it often indicates that investors – likely those who bought at lower prices – are expecting a price rally. These investors move their holdings to cold wallets, anticipating long-term gains and paying network fees to secure their assets. Over time, this behavior results in a negative net flow of BTC across exchanges, a bullish indicator. Conversely, when a significant amount of BTC is deposited onto exchanges, it increases selling pressure, often signalling a bearish trend. Extended periods of high crypto deposits lead to positive net flows, typically preceding price declines. The analyst stated that recent data – from February 6 onwards – suggests that a large amount of BTC is being withdrawn from crypto exchanges. The analyst added: Historically, such high outflows have led to significant price increases in Bitcoin. This suggests that market volatility to the upside could be on the horizon. Ibrahimcosar’s insights align with a recent analysis from CryptoQuant analyst ShayanBTC, who noted that BTC reserves on exchanges are rapidly decreasing. A sustained decline in exchange reserves could set the stage for a supply shock-driven price rally, reversing Bitcoin’s recent downtrend. Momentum, Macroeconomic Factors Point Toward Bullish Trend Beyond on-chain metrics, technical indicators like the Relative Strength Index (RSI) have also turned bullish. A recent analysis by Rekt Capital highlighted that BTC’s daily RSI has broken its multi-month downtrend, suggesting that a price rally may be imminent. Related Reading: Bitcoin Posts Modest Gains After February CPI Inflation Comes In Cooler Than Expected Additionally, macroeconomic factors appear to be fueling optimism. Reports suggest that US President Donald Trump may reconsider upcoming reciprocal tariffs set to take effect on April 2, potentially easing market concerns. Meanwhile, Bitcoin whales – wallets with substantial BTC holdings – have resumed accumulation after a brief period of dormancy, further reinforcing a bullish sentiment. At press time, BTC trades at $85,071, down 2.1% in the past 24 hours. Featured image created with Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin has maintained its upward trajectory so far this week, with the asset reclaiming and holding above the $85,000 mark. This performance reflects a weekly gain of approximately 4.7%, indicating a possible shift in momentum after weeks of sideways and bearish activity. While short-term gains have been recorded, signs that might determine Bitcoin’s next major move appear to have emerged. Particularly, a renewed analysis of market health and investor behavior has accompanied the current price action of BTC. On-chain metrics and sentiment indicators are being used to assess whether the current recovery signals a continuation of the bull cycle or if the market may be transitioning into a new phase. One such framework recently shared by CryptoQuant contributor Woominkyu offers a broader view of Bitcoin’s positioning using the Bitcoin Combined Market Index (BCMI). Related Reading: Bitcoin Rally To $95K? Market Greed Suggests It’s Possible Assessing Market Health Through BCMI Metrics According to Woominkyu, the BCMI provides a comprehensive overview of Bitcoin’s market condition by aggregating four core metrics: MVRV (30%), NUPL (25%), SOPR (25%), and the Fear & Greed Index (20%). Each component reflects key aspects of network valuation, investor sentiment, realized gains/losses, and emotional market trends. The index assigns weightings to each metric and calculates a combined score, which can indicate whether the market is overheated or undervalued. Historically, a BCMI score below 0.15 is associated with extreme fear and potential buying opportunities, while scores above 0.75 often precede market tops or sharp corrections. At present, the BCMI remains below the 0.5 level, suggesting that Bitcoin has not yet entered the overheated zone. Woominkyu suggests two possible scenarios: the market is either undergoing a normal correction within an ongoing bull cycle, or it is showing early signs of an atypical transition into a bearish phase. The moment of decision for Bitcoin “During this current market cycle, BCMI hasn’t yet reached the typical ‘overheated’ zone (above 0.75). It’s currently hovering below 0.5, suggesting we’re at a crucial market juncture.” – By @Woo_Minkyu Read more ⤵️https://t.co/sfyunRuWbh pic.twitter.com/he77VS98t7 — CryptoQuant.com (@cryptoquant_com) March 26, 2025 Key Thresholds to Watch in Bitcoin The analyst points to the importance of monitoring the 7-day and 90-day moving averages of the BCMI for clearer direction. Related Reading: Now Is The Best Time To Buy Bitcoin, Says Investment Giant Should the index begin to trend upward, it may signal renewed momentum and a potential return to higher price levels. Conversely, a sustained decline could confirm a broader trend reversal. Meanwhile, IntoTheBlock has recently shared resistance zones of BTC identified onchain. The market intelligence platform particularly emphasizes the $97.400 level noting that this is “where roughly 1.44 million BTC are currently holding at a loss,” therefore should BTC price hit that point we could see a pullback. Is Bitcoin on its way to test its highs? The red bubbles in this chart highlight levels where underwater investors could sell as they break even, especially if uncertainty persists. A key zone is around $97.4k, where roughly 1.44 million BTC are currently holding at a loss. pic.twitter.com/LKaDBen7cU — IntoTheBlock (@intotheblock) March 24, 2025 Featured image created with DALL-E, Chart from TradingViiew
Bitcoin has started the week maintaining relative stability, with its price currently hovering around $87,000 despite a minor 0.4% dip over the past 24 hours. The crypto asset showed upward momentum earlier in the week, briefly rallying beyond $88,000. Although the rally has slowed, the broader market remains focused on whether Bitcoin’s recent performance signals a temporary correction or a more substantial shift in trend. Market analysts have turned to on-chain metrics for additional clarity. One such analyst, Burak Kesmeci, a contributor to CryptoQuant’s QuickTake platform, recently examined four key cyclical indicators to assess whether Bitcoin’s bullish phase is losing steam. Related Reading: Bitcoin’s Realized Cap and UTXO Data Signal a Major Shift—Here’s What to Watch Key Indicators Reflect Mixed Sentiment According to Kesmeci, while some metrics suggest weakness, they do not yet indicate a market top. Kesmeci’s first point highlights the Internal Funding Pressure (IFP) metric, which currently stands at 696K—below its 90-day simple moving average (SMA90) of 794K. Historically, a cross above the SMA90 tends to signal renewed bullish momentum, but for now, the metric suggests a lack of reversal strength. The second metric analyzed is the Bull & Bear Market Cycle Indicator. Kesmeci notes the current setup mirrors earlier soft bearish signals observed during this cycle. The 30-day moving average (DMA30) sits at -0.16, while the longer-term 365-day moving average (DMA365) is at 0.18. Until the shorter-term average crosses above the longer-term trend, the indicator remains tilted toward bearish sentiment. Do 4 Different Cyclical On-Chain Metrics Signal the End of Bitcoin’s Bull Market? “All of these metrics suggest that Bitcoin is experiencing significant turbulence in the short to mid-term. However, none of them indicate that Bitcoin has reached an overheated or cycle-top… pic.twitter.com/tPw74wqERy — CryptoQuant.com (@cryptoquant_com) March 25, 2025 Bitcoin MVRV and NUPL Provide Additional Clues Kesmeci also assessed the Market Value to Realized Value (MVRV) score, which remains below its 365-day SMA. Historically, this positioning tends to precede increased selling pressure, although a rebound is possible once the score crosses back above its moving average. The last such event occurred during the August 2024 carry trade crisis, which was resolved with a recovery after macroeconomic pressures eased. Similarly, the Net Unrealized Profit/Loss (NUPL) metric sits below its SMA365. Currently, NUPL stands at 0.49, compared to a moving average of 0.53. While not a definitive end to the bullish trend, the metric’s position implies that further strength is needed for Bitcoin to regain bullish footing. Related Reading: Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report Kesmeci concludes that these on-chain indicators collectively point to short- and mid-term uncertainty but fall short of confirming a market top. Drawing comparisons to last year’s macro-driven selloff, he suggests that external factors—such as recent economic uncertainty and tariff-related tensions—may be temporarily suppressing BTC’s performance. If macroeconomic conditions stabilize, BTC could resume its upward trajectory, mirroring the recovery seen in 2024. Featured image created with DALL-E, Chart from TradingView
Bitcoin has maintained its upward momentum since the week started, signaling renewed interest and optimism in the market. The asset reclaimed the $88,000 price level on Monday and continues to trade above this zone, marking a nearly 10% rise in value over the past seven days. The steady price recovery comes after weeks of retracement, during which Bitcoin experienced considerable selling pressure and fell from previous highs. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch On-Chain Resistance Zones Identified IntoTheBlock, an on-chain analytics platform, provided insights on whether Bitcoin could be on track to retest its all-time high. The firm highlighted several key resistance ranges that may impact Bitcoin’s price action in the near term. These include the $88,355.91 to $90,920.05, $90,920.05 to $93,591.02, $93,591.02 to $96,262.00, $96,262.00 to $98,932.97, and $98,932.97 to $101,603.95 levels—zones where many addresses are currently holding Bitcoin at a loss. Is Bitcoin on its way to test its highs? The red bubbles in this chart highlight levels where underwater investors could sell as they break even, especially if uncertainty persists. A key zone is around $97.4k, where roughly 1.44 million BTC are currently holding at a loss. pic.twitter.com/LKaDBen7cU — IntoTheBlock (@intotheblock) March 24, 2025 Notably, around the $97.4K level alone, approximately 1.44 million BTC are held by investors in unrealized loss positions, which could introduce selling pressure as prices recover. Despite the resistance ahead, other on-chain activity shows signs of investor confidence. According to IntoTheBlock, Bitcoin saw over $220 million in net outflows from centralized exchanges in the past 24 hours. Over the past week, total outflows have exceeded $424 million, often interpreted as a sign of investors moving assets into cold storage rather than preparing to sell. Meanwhile, crypto analyst Burak Kesmeci noted that Bitcoin’s 30-day volatility index has surged to 52.31 points—its highest level in the past six months. The spike in volatility coincides with anticipation around the US Core PCE report expected Friday, a macroeconomic event that could introduce further price swings. Technical Outlook On Bitcoin From a technical perspective, analysts remain divided. Crypto analyst Ali pointed out that Bitcoin is approaching a key resistance zone around $89,000, where the 50-day moving average intersects with a descending trendline drawn from the January all-time high. The outcome at this level may influence the direction of the next major move. On the other hand, analyst Javon Marks highlighted what he described as a potential breakout pattern forming on Bitcoin’s chart. BREAKOUT ALERT on Bitcoin and the last breakout after similar action led into one of the most powerful and FASTEST bullish moves so far this entire cycle!$BTC can be ready to deliver another powerful and speedy run to new All Time Highs… https://t.co/tchC9wsLFl pic.twitter.com/QKbDAUV88l — JAVON⚡️MARKS (@JavonTM1) March 25, 2025 He pointed to a previous breakout that triggered one of the fastest rallies in the current cycle and noted similar technical behavior emerging again. Marks believes that if momentum continues, Bitcoin could be positioning itself for another rapid climb toward new record highs. Featured image created with DALL-E, Chart from TradingView
Bitcoin opened the week with a strong rebound, climbing back above the $88,000 mark for the first time in several weeks. As of today, BTC trades at approximately $88,025, representing a 6.2% increase over the past week. This recovery follows a volatile period where the asset experienced significant resistance below the $85,000 price level. While this upward price action has brought renewed optimism to the market, analysts are also highlighting underlying factors that could influence Bitcoin’s near-term direction. One of the most notable trends is a spike in leverage, signaling that derivative traders may be playing a larger role in driving price movements. Related Reading: Bitcoin Futures Data Shows Bullish Long/Short Ratio – Details Bitcoin Open Interest Surges, Signaling High-Leverage Activity According to on-chain data shared by CryptoQuant analyst IT Tech, Bitcoin’s Open Interest (OI) has reached a record high above $32 billion. Open Interest refers to the total value of outstanding derivative contracts—such as futures and options—that have not yet been settled. A rising OI alongside a rising price can indicate growing bullish sentiment, but it can also be a signal of increased risk if the market becomes overly leveraged. IT Tech noted that while the rally has sparked enthusiasm, it comes with a caveat. “High OI combined with rapid price increase often leads to liquidation cascades if the trend reverses,” the analyst wrote. If bulls fail to maintain momentum, over-leveraged positions may be liquidated, triggering a sharp correction. Monitoring sudden shifts in OI and price will be critical in the coming days. BTC Market Alert: Leverage-driven pump “Open Interest (OI) hit record levels above $32B as BTC price surges near $87.5K. But here’s the catch: High OI + Rapid Price Increase = Risk of Liquidation Cascades!” – By @IT_Tech_PL Full post ⤵️https://t.co/BzEOKHgPLI pic.twitter.com/DHL0MGedSR — CryptoQuant.com (@cryptoquant_com) March 24, 2025 Mixed Signals from Analysts on What’s Next Despite concerns over leverage, some analysts remain optimistic. Javon Marks, a technical analyst active on X, suggested that Bitcoin may be in the early stages of another major breakout. “Bitcoin looks to be working on another massive bullish breakout,” Marks said, adding that altcoins could soon follow suit. On the other hand, analyst Ali offered a more cautious outlook, citing the TD Sequential indicator as a potential sign of an upcoming short-term top. Related Reading: Bitcoin Under Threat? Analyst Explores Two Bearish Black Swan Scenarios to Watch He highlighted key price levels for traders to watch, pointing to a significant support zone between $82,590 and $85,150, where over 625,000 BTC were previously accumulated. Meanwhile, resistance looms between $95,400 and $97,970, a region that could see strong selling pressure due to past investor activity. Featured image created with DALL-E, Chart from TradingView
Bitcoin is beginning to show signs of a strong recovery after recent consolidation. The asset has moved past the $87,000 level, gaining approximately 5.2% over the past week and 3.4% in the last 24 hours. This uptick in performance marks a notable contrast to the steady downtrend observed in recent weeks, offering traders renewed momentum and sparking discussions around broader market sentiment. One of the key developments supporting this shift appears to be rising liquidity on major exchanges. CryptoQuant analyst Darkfost highlighted that the amount of ERC-20 stablecoins held on Binance has reached a new all-time high, now surpassing $31 billion. Binance continues to lead in trading volume among centralized exchanges, making this metric particularly important for analyzing near-term price action. Related Reading: Bitcoin Price Shows Stronger Recovery Signs—Upside Move in Focus Stablecoin Accumulation and Investor Sentiment According to Darkfost’s analysis on CryptoQuant’s QuickTake platform, the increasing stablecoin reserves suggest growing confidence among Binance users. These funds may represent capital being positioned for reentry into crypto markets, potentially signaling a wave of buying pressure. Additionally, Binance may be accumulating stablecoins to manage liquidity for ongoing investor demand or hedging strategies. Notably, stablecoin balances on exchanges are often used as an indicator of future market participation. When reserves increase, it typically reflects investor readiness to deploy capital into assets like Bitcoin and Ethereum. While this trend does not guarantee immediate upward price movement, it generally aligns with improving sentiment and rising demand. ????Stablecoin on Binance ATH ! The amount of stablecoins (erc-20) available on Binance has just reached a new all-time high, surpassing $31 billion. Seeing these stablecoins growing and remaining on Binance is generally a positive sign. pic.twitter.com/UJeX20XlBH — Darkfost (@Darkfost_Coc) March 23, 2025 Bitcoin Short-Term Cost Basis Levels to Watch In another report, CryptoQuant analyst Burak Kesmeci outlined important cost levels for Bitcoin investors based on holding duration. These “cost basis” levels represent the average entry price for groups of investors segmented by how long they’ve held their Bitcoin. Monitoring these ranges helps assess which price levels may act as support or resistance in the market. Kesmeci identified four key price bands: $85,000 for holders between 1 to 4 weeks, $89,000 for 3 to 6-month holders, $98,000 for 1 to 3-month holders, and $63,000 for those holding between 6 to 12 months. Related Reading: Bitcoin Price Stuck In A Loop? Here’s Why $87,000 Could Be Crucial These zones are important because short-term investors often react to these levels—either taking profit or exiting when the price approaches their average entry cost. A move above $89,000, for example, could flip this zone into support and potentially open the path toward retesting higher levels closer to $98,000. Featured image created with DALL-E, Chart from TradingView
The price of Bitcoin has been moving mostly sideways over the past week, briefly flirting with the $87,000 level on Thursday, March 20. The latest on-chain data suggests that this choppy market condition might not improve soon, as the premier cryptocurrency might be at risk of downward pressure over the coming weeks. What Does Rising Exchange Whale Ratio Mean For Price? In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym EgyHash revealed that the activity of Bitcoin whales on centralized exchanges has been rising in the past few weeks. The on-chain analyst offered insights on how this budding trend could impact the price dynamics of Bitcoin. Related Reading: XRP Price To $27: Why Current ‘Boredom Phase’ Could Trigger Epic Rally This on-chain observation is based on the changes in the “Exchange Whale Ratio” metric, which calculates the ratio between the sum of the top 10 largest transfers into centralized exchanges and the total exchange inflow. For context, the 10 largest exchange inflows are from whale addresses — entities that hold significant influence on the market due to their substantial crypto holdings. This Exchange Whale Ratio indicator offers insight into the activity of this investor class relative to the other investors in the crypto market. A high value for this metric suggests that the 10 largest exchange inflows are cumulatively larger than the incoming transfers from the rest of the market. Conversely, when the Exchange Whale Ratio is low, it implies that whales contribute a relatively healthy part of funds flowing into centralized exchanges. According to the Quicktake analyst, the Bitcoin Exchange Whale Ratio has climbed to levels not seen since last year. The chart below shows that this metric has been on the rise since December 2024 before reaching a new high of over 0.6 in the past week — and for the first time since September 2024. Typically, inflows into centralized exchanges tend to negatively impact the value of the flagship cryptocurrency, as selling is one of the services offered by these platforms. Egyhash noted that the steady rise in the Exchange Whale Ratio could be a bearish signal for the price of Bitcoin, as it indicates that large investors might be pulling out of the market. Moreover, whales sending their assets to exchanges can trigger a sell-off cascade, as other investor cohorts often monitor their trades due to their significant market influence. Ultimately, the selling pressure that might result from the rising Exchange Whale Ratio could threaten Bitcoin’s future trajectory. Bitcoin Price At A Glance As of this writing, the price of Bitcoin is sitting just above the $84,000 mark, recording no significant movement in the past 24 hours. Related Reading: Investors Withdraw 360,000 Ethereum From Exchanges In Just 48 Hours – Accumulation Trend? Featured image created by DALL-E, chart from TradingView
Bitcoin continues to trade just below the $84,000 mark, reflecting a broader slowdown in upward momentum. Despite attempts to reclaim higher levels, the cryptocurrency has remained under the $90,000 mark for over two weeks. This current range-bound activity comes nearly two months after Bitcoin touched its all-time high in January, indicating a period of uncertainty as traders assess macroeconomic conditions and upcoming Federal Reserve policy decisions. In the midst of the stagnation from BTC’s price, on-chain data is offering contrasting signals on where the market might be headed next. Analysts have pointed to fluctuations in buying and selling pressure on major exchanges, particularly Binance, as key indicators of short-term market sentiment. Related Reading: Bitcoin ‘Probably’ Hit Its Bottom At $77,000, Arthur Hayes Says Surge in Binance Net Taker Volume CryptoQuant analyst Darkfost recently highlighted a notable spike in net taker volume on Binance, the world’s largest centralized crypto exchange. According to Darkfost, net taker volume surged by $467 million in a single hour—marking the highest level recorded in 2025 so far. This metric, which measures the difference between aggressive market buys and sells, is often used to gauge the immediate sentiment of active traders. A positive value indicates stronger buying activity and has historically signaled short-term bullishness. Darkfost emphasized that this uptick in taker volume occurred just prior to the recent FOMC meeting, suggesting that some traders may be positioning for favorable policy outcomes. While the data only reflects an hourly time frame and may not imply long-term directional change, the movement could signal a broader shift in sentiment among active participants, especially given Binance’s influential position in global crypto markets. ???? Buying pressure from Binance traders might be back. — Binance is the CeX with the highest trading volume, making it particularly relevant for data analysis. — The net taker volume is a powerful metric for gauging trader sentiment, as it measures the volume of market buys and… pic.twitter.com/enI1VMAixf — Darkfost (@Darkfost_Coc) March 20, 2025 Bitcoin Whale Activity Returns as Exchange Ratios Spike Meanwhile, another CryptoQuant analyst, EgyHash, provided a more cautious interpretation of recent activity. According to his analysis, the Bitcoin Exchange Whale Ratio—defined as the share of total exchange inflows coming from the top 10 largest addresses—has surged to its highest point in over a year. This ratio is closely monitored because spikes often precede increased selling pressure, especially when large holders move funds to exchanges. While not a definitive indicator of immediate liquidation, the rise in whale-driven deposits suggests that some major players may be preparing for reallocation or profit-taking. Related Reading: The Fed Blinked — The Bitcoin Bull Run Return Is Now Inevitable Combined with stagnant price action, this metric implies that Bitcoin’s current price level may be approaching a decision point, where the market direction will be determined by the balance between new demand and potential supply from large holders. Featured image created with DALL-E, Chart from TradingView
Bitcoin continues to experience short-term volatility, struggling to maintain momentum above key resistance levels. After recently attempting to break back above the psychological $90,000 level, the asset has pulled back again. As of the time of writing, Bitcoin is trading at approximately $83,239, down 2.2% over the past 24 hours and nearly 23% below its all-time high above $109,000 reached in January. Despite this, some analysts suggest underlying indicators may point toward a potential market rebound if specific conditions align. Related Reading: Bitcoin Whales Are Back—Could This Be the Catalyst for the Next Rally? Stablecoin Trends Offer Insight into Bitcoin Market Liquidity Crypto Dan, a contributor to the CryptoQuant QuickTake platform shared an analysis titled “Comparison of the March 2024 Correction and the Current Market,” focusing on the relationship between stablecoin supply and Bitcoin’s price behavior. According to Dan, the flow of stablecoins into the market can serve as a proxy for measuring potential buying power, with higher stablecoin reserves typically associated with increased purchasing capacity among market participants. Dan noted that during the March–October 2024 correction phase, the supply of stablecoins remained relatively low or declined, contributing to a more prolonged bearish trend. In contrast, the current correction has been accompanied by a gradual increase in stablecoin supply, which may indicate that market participants are preparing to re-enter positions as they await favorable conditions. Dan wrote: The current market is in a state where it is ready to rise quickly whenever strong catalysts emerge. Patience remains essential in the investment market. While it is premature to declare the end of the bullish cycle, the market continues to present conditions worth monitoring closely. Notably, this upward trend in stablecoin reserves suggests that investors are not fully exiting the market but are instead adopting a wait-and-see approach, holding liquidity in stablecoins while watching for confirmation of a trend reversal. This behavior often precedes renewed buying activity when confidence begins to return. Sentiment Signals Shift on Binance as Ratio Turns Positive Another CryptoQuant analyst, Burak Kesmeci, analyzed the Taker Buy Sell Ratio on Binance—an exchange widely viewed as a leading barometer of retail and institutional sentiment due to its high trading volume. The Taker Buy Sell Ratio measures the aggressiveness of buyers versus sellers, with values above 1.00 indicating that buyers are initiating more trades than sellers. Kesmeci observed that this ratio has been steadily forming higher lows over the past ten days and recently transitioned from the negative to the positive zone. Related Reading: This Bear Market Indicator Says Bitcoin Price Is Headed For Crash To $40,000, Here’s When This shift could suggest that sentiment among active traders is improving, potentially setting the stage for upward price movement if this trend continues. Kesmeci explained: If the Taker Buy Sell Ratio remains above 1.00, especially considering Binance’s market influence, Bitcoin’s uptrend from the $76,600 region could see continuation. Featured image from DALL-E, Chart from TradingView
The Bull Score Index, a measure of Bitcoin's market health, is currently at a low 20, indicating a possible structural shift in market dynamics.
Bitcoin is currently demonstrating signs of recovery, with its price climbing above $86,000, marking a 2.7% increase in the past day. Despite this recent uptick, BTC remains approximately 20% below its all-time high of $109,000, recorded in January. While the asset’s price action is known to be a focal point for analysis, on-chain data provides deeper insights into Bitcoin’s market behavior. One of CryptoQuant’s analysts, Onchained, recently shared an analysis of Bitcoin’s Realized Capitalization and UTXO Value Bands, shedding light on the distribution of Bitcoin ownership among different investor groups. Related Reading: Bitcoin Bull Run Isn’t Over: Cathie Wood Predicts $1.5 Million Understanding Bitcoin’s Realized Cap and Investor Behavior Onchained’s research highlights the significance of Realized Capitalization (Realized Cap) as a metric distinct from traditional market capitalization. Unlike the market cap, which calculates the total circulating supply at the current price, the Realized Cap evaluates each Bitcoin’s value based on its last transaction. This provides a more precise measure of Bitcoin’s valuation by accounting for actual network activity rather than speculative price movements. One key observation is that a significant portion of Bitcoin’s Realized Cap is concentrated within high-value UTXOs (Unspent Transaction Outputs). Onchained’s data reveals that wallets holding transactions valued at over $1 million collectively account for $675 billion, making up approximately 78% of BTC’s total realized capitalization. This suggests that institutional investors and high-net-worth individuals are playing a dominant role in shaping Bitcoin’s current market structure. Tracking UTXO Value Bands, Onchained explains that segmenting BTC transactions into different value categories (such as $1-$100, $1K-$10K, and $1M+) allows analysts to determine which investor classes are actively accumulating or distributing their holdings. The dominance of large wallets in the network’s Realized Cap indicates that major BTC holders are in a strong position, potentially supporting price stability or even driving future growth. Institutional Activity and Future Market Trends Another crucial insight from Onchained’s analysis is the growing involvement of institutional investors. The research suggests that the movement of Bitcoin’s Realized Cap within the UTXO Value Bands indicates steady accumulation by these high-value holders. The continued dominance of institutional wallets in Bitcoin’s Realized Cap highlights a long-term confidence in BTC as a strategic asset. Additionally, the increase in BTC outflows from exchanges—a trend identified by another CryptoQuant analyst, Woominkyu—further reinforces the notion that institutional investors are accumulating BTC. A rising Coinbase Premium Index, which tracks the difference between Bitcoin’s price on Coinbase and other exchanges, is often a signal of increased institutional buying pressure. Related Reading: Bitcoin Price Set For Reversal To $130,000 After Forming Major Cup And Handle Support If these trends persist, BTC could experience a supply squeeze, driving prices higher as demand continues to outweigh selling pressure. While volatility remains a factor, the heavy concentration of BTC among large holders may provide strong support for the asset in the coming months. Featured image created with DALL-E, Chart from TradingView
Bitcoin (BTC) continues to trade below the psychological $90,000 level, with its price standing at $82,346. This marks a 24.3% drop from its all-time high above $109,000 recorded in January. Despite this downward trend, new on-chain data suggests that a surge of high-net-worth investors, or “new whales,” has been accumulating BTC aggressively, which could have significant implications for the market’s trajectory. According to CryptoQuant analyst onchained, a distinct group of Bitcoin holders with at least 1,000 BTC—acquired within the past six months—has been actively accumulating. This trend, which started in November 2024, has accelerated significantly in recent weeks, with these new whales amassing over 1 million BTC in total and adding more than 200,000 BTC just this month alone. Related Reading: Bitcoin’s Mining Difficulty Rises Despite Market Drop—What Does It Mean? New Whales Drive Market Accumulation Onchained’s analysis highlights that this unprecedented accumulation trend indicates strong confidence in Bitcoin’s long-term outlook. The rapid expansion of new whale holdings suggests that institutional investors or high-net-worth individuals are increasing their exposure to Bitcoin. The data further reveals that the majority of these newly acquired holdings are being retained for short periods (less than six months), reinforcing the idea that investors see value at current price levels and are willing to hold despite market fluctuations. If this accumulation trend continues, it could serve as a strong support mechanism for Bitcoin’s price in the coming months. Onchained also speculated that Bitcoin could revisit its all-time high and potentially break beyond it, mentioning possible price targets of $150,000 or even $160,000. However, market conditions, liquidity, and investor sentiment will play a crucial role in determining the sustainability of this trend. The Surge of New Bitcoin Whales “Since November 2024, these wallets have collectively acquired over 1 million BTC… Their accumulation pace has accelerated notably in recent weeks, accumulating more than 200,000 BTC just this month.” – By @0nchained pic.twitter.com/jVsFPjY8WA — CryptoQuant.com (@cryptoquant_com) March 18, 2025 Is Bitcoin Demand Weakening? While whale accumulation suggests strong long-term conviction, another CryptoQuant analyst, BilalHuseynov, has pointed out potential concerns about Bitcoin’s demand momentum. His analysis shows that Bitcoin saw peaks in demand in both March and December 2024, marking the first time two demand peaks have occurred in close succession. However, following the March peak, a significant decline in demand has been observed. Related Reading: Bitcoin Bull Run ‘Is Over’: CryptoQuant CEO Sounds The Alarm BilalHuseynov compared the current trend to previous market cycles, specifically the 2017-2018 period, when momentum peaks were followed by price fluctuations and a gradual decline in demand. While factors such as market size, trading volume, and liquidity have changed significantly since then, the current trend suggests that Bitcoin’s demand may be softening, which could impact price movements in the near term. Feature image created with DALL-E, Chart from TradingView
The Bitcoin price could be headed for more pain, as a crypto analyst has identified a new bear market indicator that suggests a crash to $40,000 is imminent. The analyst has predicted when this deep price decline is set to occur, warning investors to remain cautious or risk selling at a loss. Xanrox, a crypto analyst on TradingView, shared a detailed price analysis of Bitcoin on March 17, predicting that the pioneer cryptocurrency is set to crash to $40,000 by 2026. The analyst revealed that Bitcoin follows a predictable cycle pattern tied to its halving events, which occur every four years. During these years, the market alternates between bull markets, where prices skyrocket, and bear markets, marked by severe corrections. Bear Market Indicator Predicts Next Bitcoin Price Crash Historically, bull markets last between 742 and 1,065 days, which is about 2-3 years. Conversely, bear markets last between 364 and 413 days—approximately one year. Notably, every bull run for each cycle has been weaker than the previous one due to Bitcoin’s rapidly growing market capitalization. Related Reading: Crypto Pundit Arthur Hayes Says Be Patient After Bitcoin’s 36% Crash, Reveals Possible Bottom In every cycle, Bitcoin’s price crashes after a bull market, ultimately experiencing a decline between 77% to 86%. Reflecting on this recurring trend, Xanrox forecasts a major Bitcoin price correction, albeit a weaker one than those of previous cycles. The analyst believes that the cryptocurrency will crash 65% to $40,000, citing its significantly larger market capitalization and rapidly growing institutional adoption. He shared a price chart that highlights the various halving cycles and the magnitude of each bull market rally and bear market crash since Bitcoin’s inception. He pointed out that statistically, predicting Bitcoin’s movements with a simple chart has always been accurate, suggesting that his 65% crash prediction was inevitable. Currently, Bitcoin’s considerable market capitalization of $1.63 trillion makes it unrealistic to achieve the extreme growth needed to reach a target of $300,000, $500,000, or even $1 million, as some moon analysts predict. Xanrox suggests that 2025 may be a bearish year, with the next Bitcoin bull run set to begin in 2026, after the bear market. CryptoQuant Says BTC Bull Cycle Is Over Sharing a similar bearish sentiment about the current market, CryptoQuant’s founder and Chief Executive Officer (CEO), Ki Young Ju, has announced the unfortunate end of the Bitcoin bull cycle. Ju revealed that the market should expect 6 – 12 months of choppy price action, indicating the start of the bear market. Related Reading: Analyst Says Bitcoin RSI Dominance Needs To Crash To This Level For The Bull Run To Resume He also highlights that every on-chain metric for Bitcoin is signaling a bear market, with fresh liquidity depleting while new whales are selling BTC at a significantly lower price. Moreover, Bitcoin is trading at $82,549, marking an over 20% price crash since its all-time high of more than $109,000 this year. Featured image from Unsplash, chart from Tradingview.com
CryptoQuant's founder is concerned about liquidity drying up.
The cryptocurrency market has witnessed diverging performances between its two largest assets, Bitcoin (BTC) and Ethereum (ETH). While Bitcoin has shown signs of recovery, gaining 3.8% over the past two weeks and reclaiming the $85,000 price level, Ethereum has struggled to keep up. ETH remains below the $2,000 mark, a level it fell below last week, currently trading just above $1,900. The disparity in performance between Bitcoin and Ethereum has drawn attention from analysts, particularly regarding Ethereum’s declining strength against Bitcoin in the derivatives market. Related Reading: Ethereum Price Consolidates and Eyes Recovery—Is a Bounce Incoming? Ethereum’s Decline Against Bitcoin: Key Market Trends CryptoQuant analyst SunflowrQuant recently analyzed the ETH/BTC market trends, noting that Ethereum has weakened against Bitcoin over the past two years, reflecting a drop in investor confidence and reduced speculative interest in ETH derivatives. According to SunflowrQuant, during the 2021-2022 period, Ethereum outperformed Bitcoin, signaling strong market interest and increasing activity in Ethereum-based derivatives at the time. However, since then, the ETH/BTC ratio and open interest have both declined, suggesting that Ethereum has been losing ground against Bitcoin in terms of market dominance. By March 2025, the open interest ratio of ETH futures had fallen to 0.15, while the ETH/BTC price ratio dropped to 0.02. This indicates that the bearish sentiment around Ethereum continues to dominate the market, as traders and investors shift their focus toward Bitcoin. The declining open interest in Ethereum perpetual futures contracts further reinforces the idea that traders are showing less speculative interest in ETH compared to BTC. What This Means for ETH’s Future Despite ETH’s underperformance, SunflowrQuant suggests that its current weakness may also reflect broader market fear and uncertainty. The analyst points out that crypto markets are often driven by emotions, and when sentiment reaches an extreme low, a rapid recovery could follow. Related Reading: This Ethereum Monthly RSI Chart Just Crashed To New Lows To Break 2022 Records, What Happened Last Time? Such low-liquidity conditions may lead to unexpected price movements, creating opportunities for ETH to regain strength in the ETH/BTC ratio. Historically, market downturns have been followed by periods of strong recovery, and Ethereum’s fundamentals remain intact. The analyst wrote: Emotional fluctuations and market fear could lead investors to act more cautiously and strategically. We may be at the foundations of new beginnings for Ethereum; just like in previous cycles, after tough times, a strong rebound may occur, reaching new highs. If investor confidence returns, ETH could potentially reverse its trend, similar to how it performed against Bitcoin in 2021-2022. However, this will likely depend on broader market dynamics, including institutional adoption, ETH’s network upgrades, and Bitcoin’s price stability. SunflowrQuant concluded: Looking at the price fluctuations in Ethereum, now could be the perfect time to be part of this transformative process. We are at the bottom of potential new beginnings and opportunities for ETH. Featured image created with DALL=E, Chart from TradingView
Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result like the flagship witnessed in that cycle. Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts The analyst admitted that Ethereum has been under heavy pressure since early December last year and almost touched the 12-month falling support this week. However, despite this development, the Cryptagon suggested that this is not the time to be bearish on ETH, as it could still reach new highs as it mirrors Bitcoin’s 2021 cycle. He noted that in the 2021 cycle, a rebound on the falling support caused a massive breakout above the falling resistance and the Bitcoin price rallied to the 1.618 Fibonacci extension. In line with this, the Cryptagon predicted that Ethereum could at least reach $8,000 in this market cycle as it repeats a similar price action. This bullish outlook for Ethereum comes amid record selling, which threatens any bullish reversal for ETH. In an X post, Cryptoquant founder Ki Young Ju revealed that Ethereum has faced record active selling over the past three months. This has contributed to ETH’s underperformance, with the altcoin being outperformed by other major altcoins like XRP and Solana over this period. While XRP touched its current all-time high (ATH) and SOL hit a new ATH, ETH has yet to come anywhere close to its current ATH. The Most Important Price Level For ETH At The Moment In an X post, crypto analyst Ali Martinez, revealed that $1,887 is the most important support level for Ethereum at the moment. At this level, investors bought 1.63 million ETH. A drop below this level could lead to another massive crash for the second-largest crypto by market cap, with many of these investors possibly selling off their coins in order to cut their losses. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Martinez has already raised the possibility of Ethereum crashing to as low as $800. He noted that the $4,000 price level had been holding a strong horizontal resistance trendline. However, ETH recently broke out of this trendline, which has significantly increased the probability of a 70% price drop to this $800 target. At the time of writing, the Ethereum price is trading at around $1,893, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com
Bitcoin’s price has continued its gradual decline, now trading just above $81,000, marking a significant drop from its all-time high (ATH) in January. At the time of writing, BTC stands at $81,086, reflecting a 1.7% increase in the past 24 hours but still showing a 2.3% decrease over the past week. The ongoing correction has raised concerns among investors about whether the asset will recover or enter a prolonged consolidation phase. While there is no definitive reason behind Bitcoin’s ongoing price movements, CryptoQuant analyst Darkfost has highlighted an interesting correlation between BTC and Nasdaq According to Darkfost, Bitcoin is currently more correlated with the Nasdaq index than with the S&P 500, suggesting that macroeconomic factors and broader market sentiment are playing a role in BTC’s performance. This correlation indicates that external market trends, such as changes in US equity markets and monetary policy decisions, might be influencing Bitcoin’s price direction. Related Reading: Michael Saylor’s Strategy Unveils $21 Billion Stock Issuance For Bitcoin Investment Short-Term Holder SOPR and Bitcoin’s Market Cycle Amid Bitcoin’s price fluctuations, CryptoQuant analyst Kripto Mevsimi has examined the Short-Term Holder Spent Output Profit Ratio (SOPR) EMA (155), which provides insights into market cycles and investor behavior. According to Mevsimi, SOPR EMA (155) recently peaked and is now declining, signaling that short-term holders are realizing fewer profits. This trend could indicate that the market is entering a consolidation phase. The analyst further explained that if SOPR approaches 1 and holds as support, it may signal a healthy market reset before the next potential uptrend. However, if SOPR drops below 1, it could indicate increased selling pressure, which may lead to further market weakness. Mevsimi emphasized that for Bitcoin’s bullish trend, which began in early 2023, to continue, SOPR should stabilize around 1 and then trend upward again. Failure to hold this level may suggest a shift in market dynamics, putting Bitcoin’s long-term growth trajectory into question. Whale Accumulation Continues Amid Market Correction While short-term price action remains uncertain, another CryptoQuant analyst, caueconomy, has highlighted a significant accumulation trend among large Bitcoin holders. Over the last 30 days, Bitcoin whales have added over 65,000 BTC to their holdings, reflecting strong buying pressure from major network participants. Caueconomy noted that this accumulation is occurring despite the broader market correction, suggesting that whales are absorbing supply rather than selling off their holdings. Related Reading: Bitcoin’s Downtrend Continues, But Analyst Predicts $180K Target—Is It Possible? This behavior contrasts with miners and exchanges, which often offload BTC to maintain liquidity. If the current accumulation pattern continues for several more weeks, it could resemble the consistent buying pressure seen between November and December, which helped Bitcoin rally in late 2023. Featured image created with DALL-E, Chart from TradingView
Bitcoin continues to face challenges in regaining upward momentum, with the cryptocurrency still trading below $82,000 as of today. The asset remains 25.1% below its all-time high of $109,000, recorded in January. Over the past 24 hours, BTC has seen an additional 0.7% decline, reflecting ongoing market hesitation and uncertainty among investors. Amid this price performance, CryptoQuant analyst Avocado Onchain has identified a notable trend in Bitcoin’s price channel. Related Reading: Bitcoin’s Future Comes Down To This One Question, Says Bitwise Bitcoin Coinbase Premium and Market Sentiment Despite Bitcoin’s downward trajectory, the Coinbase premium has been forming higher lows, indicating potential underlying demand. However, the CryptoQuant analyst warns that no clear signals of a breakout or reversal have emerged, leaving the market in an uncertain state. Particularly, according to Avocado Onchain, Bitcoin’s price remains within a declining price channel, with repeated pullbacks making it difficult to determine a clear trend. Avocado noted: So far, there is no decisive movement indicating a full-fledged downtrend, but at the same time, there are no clear signs of a bullish reversal either. The market is becoming increasingly uncertain, creating an environment designed to confuse and unsettle investors. The Coinbase premium, which measures the difference between Bitcoin prices on Coinbase and other exchanges, has shown higher lows despite the downward price action. This could suggest that US-based investors are still accumulating BTC, even as the broader market struggles to find direction. The analyst cautions against overleveraging on bullish news or panic selling during downturns, emphasizing that strategic decisions should be made ahead of time rather than in reaction to market fluctuations. While there is no confirmation of a bear market, Avocado believes that exiting positions based on short-term fear could lead to missed opportunities in the long run. The analyst wrote: From my perspective, there isn’t enough data to declare a bear market at this point. Abandoning positions now could end up being an ill-timed exit rather than a calculated decision. Miner Selling Pressure and Market Implications Adding to the market pressure, CryptoQuant analyst IT Tech has noted a spike in BTC miner selling activity. Data shows that as Bitcoin dropped to $77,700, miners increased their BTC transfers to exchanges, a move that historically signals selling pressure at market lows. Related Reading: ‘The Magic Line’: Key Support Level At $74,000 Determines Bitcoin Bull Or Bear Future Miners often sell BTC to cover operational costs, especially during price declines. If miner selling pressure continues, it could limit Bitcoin’s ability to recover in the short term. However, if buyer demand remains strong enough to absorb the excess supply, Bitcoin may stabilize at its current levels before attempting a rebound. Featured image created with DALL-E, Chart from TradingView
Bitcoin’s price has continued its downward trend, struggling to regain momentum after reaching its all-time high of $109,000 in January. Over the past week, Bitcoin has declined by 14.6%, with its price dropping an additional 4.4% in the last 24 hours. As of today, Bitcoin is trading at $79,766, pushing it nearly 27% below its ATH. Amid this price performance, CryptoQuant analyst ibrahimcosar has closely examined Bitcoin’s price movements, focusing on the CME gap phenomenon, which has historically played a role in Bitcoin’s short-term fluctuations. Related Reading: Crypto Pundit Dumps Bitcoin Holdings Sub-$100,000, Lists Reasons Why It’s Time To Short What To Expect From Bitcoin Based On CME Gap In his latest analysis, Ibrahim highlighted how BTC opened at $82,110 on the CME, creating a gap up to the $86K level. According to him, this price gap could provide clues about Bitcoin’s next move, potentially leading to a short-term attempt at reclaiming $86K–$90K in the coming days. The CME gap refers to the difference between BTC’s closing price on the Chicago Mercantile Exchange (CME) before the weekend and its opening price after the weekend. These gaps often get filled as BTC’s price moves back to the levels where the trading pause occurred. Ibrahim notes that Bitcoin previously formed a $10,000 gap on February 28, which was quickly filled within 19 hours. Now, with BTC currently trading around $79K–$80K, the analyst suggests that another gap has formed above the current price range, indicating that Bitcoin may attempt to fill the $86K–$90K region within the next one to two days. However, he cautions that this does not necessarily signal a full reversal in BTC’s downtrend. Instead, he maintains that Bitcoin’s broader trend remains uncertain, and its price action through March and early April will be key in determining whether a stronger recovery is on the horizon. Key Support Levels and Market Sentiment Another market analyst, ShayanBTC, has pointed to $83,000 as a critical support level, based on Bitcoin’s interaction with the Realized Price of 3-6 Month UTXOs. This metric tracks the average acquisition price of mid-term holders and has historically acted as a significant support or resistance zone. Shayan disclosed that BTC recently tested this level, and holding above it could signal strong investor confidence, potentially reinforcing bullish sentiment. However, Bitcoin’s decline below $80,000 suggests that this $83,000 support level has already been breached. If Bitcoin fails to regain ground above this threshold, market sentiment could shift towards fear, leading to increased selling pressure from mid-term holders. In this scenario, BTC could enter a distribution phase, where short to mid-term investors sell their holdings, further driving the price downward. Ibrahim has identified the $78,000–$80,000 region as the next key support zone, which may determine BTC’s near-term trajectory. Featured image created with DALL-E, Chart from TradingView
Bitcoin has continued its downward trend despite briefly surging to $94,000 last week, a move that had initially fueled investor optimism. Since hitting that level, the cryptocurrency has steadily declined, now trading below $80,000 as of today. While the short-term price action suggests a bearish outlook, some analysts remain confident about Bitcoin’s potential for long-term growth. Bitcoin’s Price Outlook: $180K Within Reach? One of CryptoQuant’s contributors to the QuickTake platform, ibrahimcosar, recently shared his perspective on Bitcoin’s price trajectory, offering a bold prediction for its next all-time high (ATH). In his latest analysis, the analyst reiterated his long-term expectation that Bitcoin could reach $180,000 by 2026, citing historical price cycles and institutional projections that align with his forecast. According to Ibrahim, Bitcoin’s price movements over the past year have followed a familiar pattern seen in previous bull cycles. The analyst pointed out that major financial institutions have recently begun making similar long-term projections, validating his earlier forecasts. While Bitcoin currently trades below $80,000, he believes that the asset has the potential to more than double in value within the next two years. If Bitcoin follows historical patterns, the $150K–$200K range could be achieved in the upcoming bull cycle. The analyst emphasized that investors who enter the market at current levels could see over 100% returns, provided Bitcoin reaches its predicted target by 2026. However, he also noted that timing the market correctly is crucial, as buying at key support levels has historically presented the most favorable opportunities for long-term gains. Ibrahim wrote: In summary, those investing in Bitcoin at these levels have the potential to gain over 100% in dollar terms without even waiting a year. Buying in the right regions and at the right times can present significant opportunities. Short-Term Market Trends and Buying Opportunities While long-term projections remain bullish, Bitcoin’s short-term price action continues to fluctuate. Another CryptoQuant analyst, BilalHuseynov, provided insights into open interest (OI) trends, which may indicate whether this is a favorable time to buy Bitcoin. According to BilalHuseynov, the 7-day change in open interest has entered a “deleveraging” phase, a signal that has historically aligned with potential buying opportunities. Related Reading: Bitcoin Could Rally Above ATH To $128K – On-Chain Indicator Signals Potential Recovery The last time this occurred was in August 2024, when Bitcoin was trading between $58,000 and $60,000 before rallying to an all-time high of $106K. If historical trends repeat, the current market conditions could set the stage for a similar recovery. The CryptoQuant analyst noted: When the OI ratio’s change for 7 days down to the section, that means we can define the time to buy. Since August 2024, we have been observing one of the deepest areas in the Crypto Market. To remember, at this time (2024 Aug), Bitcoin’s price was around 58 – 60k. After that, the price goes up to ~106k. Featured image created with DALL-E, Chart from TradingView