Bitcoin (BTC) continues to lose momentum, as the flagship cryptocurrency fell to $103,528 earlier today amid an increasingly uncertain global macroeconomic outlook. Fresh data from Binance suggests that BTC is currently undergoing a critical transition phase within its price cycle. Bitcoin Fall Continues – When Will Bloodbath End? According to a CryptoQuant QuickTake post by contributor Arab Chain, Bitcoin is currently undergoing an important transition phase within its market cycle. The Bitcoin Cycle Phase Score recently entered negative territory, in tandem with a decline in BTC’s price from $124,000 to around $107,000 within 24 hours. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? The Cycle Phase Score combines market trend and short-term momentum (Z-Score) to show Bitcoin’s current phase. Positive values indicate upward momentum, while negative values signal short-term weakness or a correction. The decline in the Cycle Phase Score shows that the BTC market has lost some of its upward momentum that benefited it during the first two weeks of October. The transition to negative territory shows the start of a structural correction phase, following weeks of consecutive gains. The analyst explained that a trend_signal of -1 confirms that BTC’s price has tumbled below the 200-day moving average. It is likely to trade below this metric until it can decisively break through the $106,780 level. Similarly, a negative Z-score shows that Bitcoin’s price is trading significantly below its short-term average, further confirming the dominance of short-term selling pressure. Arab Chain added: Analytically, this movement can be viewed as a rebalancing phase within the ongoing cycle, rather than the start of a long-term downtrend. The current pullback follows a strong period of price expansion, which is often followed by a temporary pause in momentum before the main trend resumes. Arab Chain concluded by saying that if BTC’s price finds stability above $105,000 in the coming days, then the Cycle Phase Score indicator may re-enter the positive region again. Such a development could signal the end of the ongoing price correction phase. Will BTC Fall Below $100,000? As BTC trades close to the mid $100,000 level, fears are rising in the market that the digital asset may fall below the psychologically important $100,000 mark. Further, on-chain data is not particularly encouraging, as the Bitcoin network activity recently crashed below the 365-day average. Related Reading: Bitcoin’s On-Chain Roadmap Shows $111,000 – $143,000 As The Range To Watch In addition, crypto analyst CryptoBirb recently stated that the current BTC bull cycle is likely coming to an end. The analyst remarked that Bitcoin is almost 99.3% through its current cycle. That said, whale accumulation of BTC is showing no signs of slowing down. Companies added a total of 176,000 BTC to their treasuries during Q3 2025. At press time, BTC trades at $105,484, down 5.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Ethereum (ETH) may be nearing the end of its price correction, as the second-largest cryptocurrency by market cap continues to trade slightly above $4,000, following a strong sell-off last week when it almost crashed to $3,400. Ethereum Price Correction May Be Over According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum funding rates on Binance crypto exchange have remained positive, despite being in a narrow range. This shows that long positions on ETH still dominate the market. Related Reading: Bitcoin Market Feels “Too Efficient” As Arbitrage Opportunities Vanish – What It Means For Price? ETH funding rates fluctuating normally on Binance – despite the digital asset’s recent extraordinary price appreciation – implies that futures traders are not exhibiting greed or euphoria, typically associated with the mid-phase of a healthy uptrend. For example, during the 2021-22 bull cycle, ETH funding rates often surged to 0.1% to 0.2%, aligning with local market tops. At present, these funding rates are hovering around 0.01% to 0.03%, implying that the market has not reached overheated levels just yet. In addition, the absence of negative funding rates confirms a decline in short positioning, and elevated risk appetite among investors. The CryptoQuant analyst added: The overall trend remains upward. Low funding rates combined with strong price momentum suggest that the correction is likely complete. In the short term, minor profit-taking or sideways consolidation between $3,600–$3,800 would be natural. If funding rates gradually rise above 0.05%, it could signal overcrowded longs and trigger a short term pullback. The current combination of moderate levels of leverage and gradually rising spot demand hints toward a potential ETH rally, eyeing the $4,500 to $5,000 range in the long term. The price target could be even higher with a favorable derivatives structure and funding dynamics. That said, a sharp increase in funding rates could be seen as an early warning of another price pullback for the cryptocurrency. However, ETH’s market structure still supports a potential surge to $6,800 by the end of 2025, the analyst concluded. ETH Ready For New Highs? Several indicators point toward ETH looking to resume its bullish momentum. For instance, ETH’s Spent Output Profit Ratio (SOPR) trend recently hinted toward the digital asset rising to $5,000 in the near term. Related Reading: Ethereum Close To Local Bottom? Analyst Flags Drop In Binance Open Interest Further, ETH exchange reserves continue to tumble at a rapid pace. Recent exchange data shows that ETH reserves on exchanges have hit a multi-year low, raising the possibility of an impending “supply crunch” for the cryptocurrency. That said, there are several other factors that may fuel another sell-off in ETH, pushing its price again below $4,000. At press time, ETH trades at $4,053, up 0.2% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
As Bitcoin (BTC) tries to recover from its weekend sell-off that saw it almost crash to $100,000, some crypto analysts think that the BTC market likely “lost its pulse.” As a result, the leading cryptocurrency may be on the cusp of losing its bullish momentum. Bitcoin At The Risk Of Losing Momentum? According to a CryptoQuant Quicktake post by contributor TeddyVision, Bitcoin’s Inter-Exchange Flow Pulse (IFP) has been trending lower, confirming that inter-exchange activity is slowly fading. Related Reading: Bitcoin Buyers Dominate On Binance As CVD Confirmation Nears 0.9, Signaling $130K Target Zone For the uninitiated, the IFP measures liquidity as it moves between crypto exchanges. In essence, it can be considered a proxy to determine how active arbitrage and market-making really are. To explain, arbitrage refers to the practice of buying an asset for a lower price on one platform and selling it at a higher price on another, thus benefiting from the price differential. In simple terms, arbitrage refers to profiting from inefficiencies. When such inefficiencies exist in the market and are actually executable, liquidity tends to start moving fast. At the same time, trading bots begin shuttling funds across platforms, market spreads begin to realign again, and the market starts to feel “alive.” This is when the IFP rises. Although there is greater market volatility due to a rising IFP, it is generally considered healthy for the market as it confirms that BTC is likely experiencing a bullish momentum. However, since the IFP reading has turned lower in recent weeks, traders are finding it harder to arbitrage price discrepancies even though they might still be appearing. TeddyVision noted: Price discrepancies still appear, but they’re harder to arbitrage – liquidity is thinner, latency is higher, and risk-adjusted opportunities are drying up. Traders find fewer setups worth taking, and less capital circulates between venues. The analyst emphasized that liquidity is not leaving the market, it is just not circulating like earlier. While such a slowdown in liquidity does not crash the market, it does drain the energy out of it. To conclude, the market is not collapsing, it is just “too efficient” at the moment for traders to find any meaningful arbitrage opportunities that they can benefit from. When inefficiencies leave the market, the underlying asset is likely at risk of losing its momentum. A Healthy Correction For BTC? The market crash on October 9 led to the largest single-day liquidation ever in the history of the crypto industry, totalling a mammoth $19 billion. While the overall optimism has receded, some analysts are still hopeful of a quick sentiment turnaround. Related Reading: Bitcoin Forecast: $160,000 Target Possible If These 2 Conditions Align – Analyst Fellow crypto analyst EtherNasyonaL stated that BTC has maintained its upward trajectory despite the recent market crash, and that a move to a new all-time high (ATH) may be on the horizon. At press time, BTC trades at $111,731, down 2.3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Further details will be released in October, nearly 12 months after it was initially announced.
After hitting its latest all-time high of $4,956 on August 23 on Binance, Ethereum (ETH) has been trading in a tight range – oscillating between $4,200 to $4,500 – giving little clues about its next potential direction. However, recent exchange data suggest that a supply crunch may be nearing for ETH. Ethereum Price Stable Amid Exchange Supply Decline According to a CryptoQuant Quicktake post by contributor Arab Chain, during the period between August 16 to September 3, Ethereum’s Binance Exchange Supply Ratio (ESR) saw a sharp decline. Related Reading: Ethereum’s Latest Rally Fueled By Large-Scale Binance Orders, Analyst Says Although ETH’s price has remained in the mid $4,000 range, its ESR tumbled from 0.041 to 0.037 – marking the biggest decline within the observed period – in a matter of just two weeks. It’s worth highlighting that ETH’s price has remained stable all this time, trading close to $4,400 at the end of the period. According to the CryptoQuant analyst, such price behavior can explain two things. First, it signals that investors are withdrawing from exchanges – including Binance – at an accelerated pace. Further, it also shows growing confidence among ETH holders as they opt for self-custody in cold wallets instead of keeping their holdings on exchanges. Arab Chain remarked that a combination of stable price, declining exchange supply, and healthy exchange-traded fund (ETF) inflows confirms that sellable supply is dwindling while the demand for the digital asset remains strong. They added: Declines in ESR have historically preceded strong upward moves, as lower exchange liquidity limits sellers’ ability to push prices down. The current ESR levels have fallen back to pre-June figures, suggesting that the market has effectively “flushed out” previous profit-taking activity and is now reaccumulating supply into long-term wallets. ETH Entering A New Bull Cycle? The analyst concluded by saying that if ETH’s ESR continues to fall without a corresponding decline in price, then it would mean that the market is entering a new, institutional investor-led bull cycle. Three metrics in particular support this prediction. Related Reading: Ethereum Sees Contract Boom In 2025, Setting Stage For $5,000 Rally The ETH market has seen a recent drop in leverage, meaning there are fewer traders with speculative positioning. Further, most perpetual futures markets show neutral funding rates for ETH contracts. Finally, the on-chain activity by ETH whales has also subsided, meaning long-term holders are not selling. Also worth noting is that the Ethereum blockchain’s fundamentals continue to improve. Latest data shows that as much as 36 million ETH has been staked on the ETH network, further raising the possibility of an ensuing supply shock. Recently, Ethereum daily transactions also hit a 12-month high. Amid these bullish developments, seasoned industry experts are not shying away from giving ambitious ETH price predictions. At press time, ETH trades at $4,295, down 1.7% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Fresh data from Binance shows that Ethereum (ETH) average order size has been trending upward since late July 2025, signaling a structural shift in market dynamics. Analysts say the cryptocurrency’s recent rally is largely driven by Binance whales. Ethereum Rally Driven By Large-Scale Binance Orders According to a CryptoQuant Quicktake post by contributor Crazzyblockk, Ethereum whales are now dominating order flows on the Binance exchange. The analyst highlighted the average ETH order size on the platform as evidence. Related Reading: Ethereum Demand Stays Strong As Exchange Reserves Keep Falling – Details Crazzyblockk shared the following chart showing different phases of average ETH order size on Binance. Retail-driven phases, highlighted in red, dominated much of 2023–24, when small orders drove up ETH’s price but left it vulnerable to corrections. These retail-driven periods were followed by neutral phases, shown in gray, which reflected indecision among ETH investors. This phase was characterized by fragmented participation and sideways trading behavior. Fast-forward to mid-2025, whale orders – highlighted in green – are firmly in control. Average order sizes have now surged past $3,000 per trade, signaling accumulation by institutional and large-scale investors. The CryptoQuant analyst noted that this whale dominance reflects renewed institutional confidence in ETH, aligning with its rapid price appreciation in recent months. Larger average orders suggest fewer fragmented trades and stronger directional conviction. Binance was chosen for the analysis not only as the world’s largest exchange but also because it is the “epicenter of ETH capital flow.” Crazzyblockk concluded: ETH’s latest rally isn’t just retail speculation – it’s being powered by whales on Binance. With large-scale players setting the tone, Ethereum’s market structure looks increasingly robust, and Binance remains the hub where these decisive flows shape price performance. Is ETH Getting Ready For A Rally? While Bitcoin (BTC) has tumbled 4.1% over the past 30 days, ETH is up 23.4% in the same period, indicating that large-scale investors may be in the middle of capital rotation from BTC to ETH over the past month. Related Reading: Ethereum Will ‘Likely 100x From Here,’ Says Joe Lubin Analysts predict ETH may have further room to grow for the remainder of 2025. Ethereum contracts are seeing a sharp resurgence in 2025, setting the stage for a potential rally to a new all-time high (ATH) of $5,000 towards the end of the year. Ethereum fundamentals are also strengthening, with as much as 36 million ETH staked on the blockchain, raising the possibility of a supply crunch. That said, despite whale accumulation, some analysts caution that ETH could dip to $4,000. At press time, ETH trades at $4,316, down 2.8% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The on-chain metric is rising despite bitcoin falling to more than 12% below its all-time high.
Fresh data from Binance suggests that Bitcoin’s (BTC) illiquid supply has reached historically high levels, a development that could set the stage for BTC to eye the $150,000 milestone by the end of 2025. Bitcoin Illiquid Supply On Binance Hit Record Highs According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s illiquid supply recently touched new highs on the Binance exchange. In contrast, BTC’s liquid supply has seen a significant decline. Related Reading: Bitcoin Sentiment On Binance Turns Bullish – But Is The Market Setting A Trap? The CryptoQuant contributor shared the following chart which shows the difference between BTC’s liquid vs illiquid supply on Binance. Bitcoin recently hit a fresh all-time high (ATH) above $120,000 before a price correction, showing that the market is currently in a state of “liquidity scarcity” supporting an upward trend. A high level of illiquid supply essentially means that more BTC is locked away in wallets with minimal movement, effectively removing it from circulation on exchanges. This reduces the amount of Bitcoin available for trading. A lack of BTC readily available on exchanges increases buying pressure on the limited supply that remains. This dynamic helps explain how BTC has continued to reach new highs even without massive inflows of external liquidity. That said, there remain some risks. BTC’s low liquid supply means that whales or large holders can exert significant pressure on the cryptocurrency through any sudden sell-off. Such pressure could result in sharp price correction for the digital asset due to the lack of liquidity to absorb the new supply. At the same time, current on-chain data indicates that whales and institutions appear to be adopting a “hold for the long haul” strategy, underscoring their confidence in Bitcoin’s role as a long-term strategic asset. However, analysts caution that any sudden shift in this behavior would be felt almost immediately across the market. BTC In A “Fragile Bull Run” Arab Chain described the present market situation as a contradictory one. On one hand, rising illiquid supply provides a foundation for further price appreciation. On the other, the lack of liquid supply creates a fragile market structure where even moderate selling could cause significant volatility. Related Reading: More Pain For Bitcoin? Open Interest Surpasses $40 Billion As Longs Crowd In As a result, Bitcoin is currently in a “fragile bull run” in that it is supported by long-term holders but susceptible to sudden selling from whales. However, if BTC illiquid supply continues to rise, then it could move toward levels exceeding $150,000 by the end of 2025. On the flipside, if the liquid supply increases due to persistent sell-offs, then the market could face challenges, leading to a price decline to as low as the $90,000 to $100,000 range. Despite BTC’s fragile price momentum, some experts continue to remain optimistic. Crypto analyst Timothy Peterson recently predicted that BTC can surge as high as $160,000 by Christmas. At press time, BTC trades at $109,286, down 3% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
The San Francisco-based startup has secured $20 million in new funding, bringing total capital raised to $30 million.
Bitcoin (BTC) staged a mild rebound from yesterday’s inflation-driven drop to $117,180, climbing back toward $119,000 at the time of writing. A declining leverage ratio suggests the top cryptocurrency’s bullish momentum could persist, keeping it in the running for a new all-time high (ATH) in the near term. Bitcoin Leverage Ratio Falls, Bulls Rejoice According to a CryptoQuant Quicktake post by contributor Arab Chain, Bitcoin’s leverage ratio across all cryptocurrency exchanges has sharply declined from its late-July and early-August peak of 0.27. Related Reading: Bitcoin Investors Turn To ‘Smart DCA’ As Market Trades Below On-Chain Fair Value Of $117,700 Notably, the ratio dropped to 0.25 in early August before a modest rebound. In contrast, the period from May to late July saw both the price and leverage ratio climb in tandem, signaling an influx of traders opening larger positions. In contrast, this time leverage has fallen without a comparable drop in price – a sign that risk has eased since the recent uptrend. Arab Chain notes that this may be the result of high-risk positions being liquidated or traders exiting the market amid volatility. With BTC holding around $119,000, the lower leverage ratio is a bullish sign, suggesting that the latest price gains are fueled more by genuine liquidity than speculative excess. A continued decline in leverage could further reduce the likelihood of a sharp correction. Conversely, a sudden spike in leverage alongside a price rally would raise the risk of a pullback. The analyst added: If leverage remains at moderate or low levels while the price remains stable, this could provide a stable base for a new uptrend. An estimated leverage ratio (ELR) holding between 0.24–0.25, accompanied by a gradual price break above 120K, could indicate a spot-supported upside and a possible extension toward the July highs, with moderate funding and slowly rising open interest. However, a quick jump in the leverage ratio above 0.27 before or during a test of $120,000–$124,000 could signal high liquidation risk and the potential for a sharp downward “shakeout.” On-Chain Data Points To Potential Selling Pressure While lower leverage is encouraging for Bitcoin bulls, on-chain data – particularly rising exchange reserves and whale transfers – hints at possible selling pressure ahead. Related Reading: Bitcoin Price Eyes ATH With Falling Average Executed Order Size And Rising Retail Activity For instance, Binance’s BTC reserves have recently surged to 579,000, raising concerns of profit-taking after Bitcoin’s recent rally to a fresh ATH. Likewise, more BTC miners are moving their holdings to Binance, potentially preparing to sell. Adding to the caution, some analysts warn of a possible pullback to $110,000 to fill outstanding fair value gaps. At press time, BTC trades at $118,672, down 0.1% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
As Ethereum (ETH) trades within striking distance of its all-time high (ATH), on-chain data shows that the second-largest cryptocurrency by market cap is experiencing mounting buying pressure. The asset is currently priced in the $4,600 range, just 4% shy of its ATH. Ethereum Net Daily Outflows Hit 40,000 According to a CryptoQuant Quicktake post by contributor burakkesmeci, more than 1.2 million ETH have been withdrawn from crypto exchanges over the past month. The analyst suggested that Ethereum’s uptrend is likely to continue. Related Reading: Ethereum Price Lags Despite All-Time High In Daily Transactions – What’s Next For ETH? For context, ETH has surged 53.8% in the last month, underscoring strong buying pressure amid rising institutional adoption. The asset has tripled in price from its local low of around $1,500, recorded in April this year. In their analysis, burakkesmeci highlighted Ethereum’s All Exchanges Netflow metric, which tracks the total ETH inflows and outflows across all cryptocurrency exchanges. Data from 2025 shows that Ethereum’s 30-day Simple Moving Average (SMA30) has plunged deep into negative territory. For the uninitiated, the SMA30 is the average value of a dataset – such as Ethereum’s daily net flows – calculated over the most recent 30 days. Each day, the oldest data point drops out and the newest is added, creating a smoother trend line that filters out short-term volatility. As of August 12, Ethereum’s SMA30 stood at -40,000 ETH, indicating an average daily outflow of that amount over the past month. Such large outflows suggest that investors are moving ETH off exchanges – likely into cold storage – in anticipation of further price gains. The CryptoQuant contributor also pointed to growing activity in spot ETH exchange-traded funds (ETFs). Data from SoSoValue shows that spot ETH ETFs recorded more than $1.5 billion in inflows during the week ending August 12. Notably, these ETFs have seen uninterrupted positive weekly inflows since May 16, attracting over $8 billion in nearly three months. The total net assets held in ETH ETFs now stand at $27.6 billion, representing 4.7% of Ethereum’s total market capitalization. ETH Rally To Remain Intact Burakkesmeci concluded that as long as ETH’s SMA30 remains in negative territory, its uptrend is likely to continue. They noted that unless the metric flips into positive territory, ETH’s bullish momentum could persist in the short term. Related Reading: Ethereum Rally Not Fueled By Bitcoin Dump, On-Chain Signals Show Some analysts predict ETH could reach as high as $8,600 if Bitcoin (BTC) surges to $150,000. However, a period of price consolidation is expected after ETH breaks through its current ATH. Meanwhile, crypto market enthusiast Orbion has advised selling all ETH in October if it reaches between $5,800 and $6,000. At press time, ETH is trading at $4,684, up 6.8% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Bitcoin (BTC) has remained range-bound between $100,000 and $110,000 since May 7, aside from a few dips to as low as $98,000 in June, which were quickly followed by daily candle closes above the $100,000 level. Recent analysis reveals that BTC has withstood sustained selling pressure on Binance Derivatives throughout this period. Bitcoin Withstands Binance Derivatives Sell-Off According to a CryptoQuant Quicktake post by contributor BorisVest, taker users on Binance Derivatives have consistently engaged in sell-side activity for at least the past 45 days. Notably, the Cumulative Volume Delta (CVD) has remained negative throughout this time. For the uninitiated, the CVD measures the net difference between market buy – aggressive buying – and market sell – aggressive selling – orders over time. It helps traders identify whether buying or selling pressure is dominating, even if price remains stable. Related Reading: Bitcoin Short-Term Holder Floor Rises Toward $100,000, Reinforcing Bullish Sentiment BorisVest noted that Binance Derivatives traders are treating each BTC bounce or rally as a selling opportunity, opening aggressive short positions via market sell orders. However, this strong sell pressure has failed to push prices lower, as BTC continues to absorb the selling activity and maintain support above $100,000. The analyst added that as long as BTC remains within its current range – between $100,000 and $110,000 – while absorbing sell pressure, the potential for upside remains intact. He explained: The CVD metric plays a crucial role here. It aggregates both taker and maker activity to provide a real-time picture of net buy/sell pressure. The fact that CVD remains in decline confirms the dominance of sell-side flow. Yet, the inability of price to drop further despite this pressure may signal that Bitcoin is being absorbed by institutional or large players in the background. That said, other analysts interpret the persistent selling pressure differently. For example, fellow CryptoQuant analyst Crazzyblockk recently observed that new buyer demand is struggling to keep pace with the combined supply pressure from newly mined BTC and selling by long-term holders. BTC Eyeing A Breakout Ahead? Bitcoin’s resilience in the face of heavy selling on Binance Derivatives has once again sparked speculation about a potential breakout. Several additional data points suggest that BTC may be poised to move into a higher price range soon. Related Reading: Bitcoin Forming Inverse Head And Shoulders Pattern – Is $150,000 The Next Target? For instance, recent on-chain data shows that “weak hands” are offloading their BTC holdings to larger, more established investors – indicating a broader shift in sentiment favoring Bitcoin. Meanwhile, institutional interest in the asset continues to grow. Additionally, the Bitcoin Yearly Percentage Trend suggests that BTC could top out around $205,000 by the end of 2025. At press time, BTC trades at $108,589, up 0.4% in the past 24 hours. Featured image from Unsplash, charts from CryptoQuant and TradingView.com
Long-term holders selling as market consolidates above $100,000.
Traders chase downside bets in BTC, according to data shared by onchain options platform Derive.
Although Bitcoin (BTC) appears to have stalled in the mid-$100,000 range, on-chain data indicates that the top cryptocurrency’s bullish momentum is far from over. BTC recently hit a new all-time high (ATH) of $111,980, prompting several crypto analysts to forecast even higher prices in the near term. Bitcoin Rally Far From Over, Data Suggests According to a recent CryptoQuant Quicktake post by contributor Crypto Dan, Bitcoin is still “highly likely” to continue its upward trajectory. The analyst shared the Bitcoin Net Realized Profit/Loss (NRPL) chart to support this outlook. Related Reading: Bitcoin Near ATH, But Long-Term Holders Aren’t Selling – More Upside Ahead? The NRPL chart highlights the scale of realized profits and losses by market participants who are selling BTC. A relatively low NRPL during price increases typically signals that profit-taking is limited, often indicating the continuation of a bullish trend. In the chart, the current level of profit realization is highlighted in right-most red box. While the recent price surge may trigger a short-term correction, the extent of realized profits does not suggest the end of the ongoing upward cycle. As Dan noted: Compared to the NRPL spikes at past cycle peaks, this round of profit-taking is relatively limited. In particular, when compared to the movements at the highs in March and November 2024, the current level of profit realization is notably lower. Dan concluded that the current level of profit-taking does not point to a major trend reversal. Instead, Bitcoin is poised to continue climbing, potentially targeting levels beyond $120,000 in the coming weeks. Despite the optimism, some market watchers remain cautious. Noted crypto analyst Ali Martinez recently suggested that Bitcoin’s current price action might be a bull trap, with BTC at risk of falling below the $100,000 threshold. For the uninitiated, a bull trap refers to when the asset briefly breaks above a well-established resistance range, leading traders to believe a breakout is occurring, but then quickly reverses and falls back below the resistance level. This move often plays out to lure in long positions before liquidating them as the price drops back into the previous range. Bitcoin Selling Pressure Weak, Retail Yet To Arrive On a more positive note, multiple on-chain indicators suggest Bitcoin is not yet near its cycle top. Notably, retail investor participation in the current rally remains limited – a sign that the market may still have room for a second wave of capital inflow. Related Reading: Bitcoin Sees Massive 7,883 BTC Outflow From Coinbase – Are Institutions Loading Up? Likewise, Binance inflow data shows that certain investor groups are not eager to sell their BTC, possibly anticipating further gains. At press time, BTC is trading at $105,659, down 2.5% over the past 24 hours. Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com
BTC currently faces low volatility, but a storm could be coming, Derive's Nick Forster said.
According to Glassnode data, approximately 20% of Bitcoin's supply is currently at a loss.
The investment occurred as Ondo announced the introduction of its own blockchain for tokenized assets.
The probability has doubled from last week as the renewed trade war between the U.S. and its major trading partners threatens to inject inflation into the global economy.
The app's new update seeks to boost transparency in the market by exposing token ownership patterns that may indicate centralization or manipulation.
The lack of retail participation is suspected of dropping Bitcoin wallet activities as celebrity memecoins attract speculators away from more established cryptocurrencies.