Bitcoin (BTC) continues to demonstrate remarkable resilience in its latest market cycle, trading at $104,820 after touching a 24-hour peak of $106,518. While showing a minor 0.5% retracement, the leading cryptocurrency maintains its strong position just 3.8% below its January all-time high of $109,000, suggesting sustained bullish momentum.
As highlighted in recent market analysis showing Bitcoin’s healthy rally pattern, the current price action reflects a measured advance rather than speculative excess.
Binance Spot Volume Analysis Reveals Strengthening Fundamentals
CryptoQuant analyst Darkfost’s latest research reveals a significant shift in market dynamics, with Binance’s spot net volume delta returning to positive territory. This key metric, measuring the differential between buying and selling pressure, indicates renewed accumulation at current levels.
MVRV Analysis Signals Potential Short-Term Risks
A complementary analysis from CryptoQuant’s Crazzyblockk examines the MVRV momentum divergence between long-term and short-term holders. While both cohorts maintain profitable positions, the declining weekly MVRV momentum among recent market entrants warrants attention.
Market Outlook and Risk Assessment
Despite emerging short-term risk signals, Bitcoin’s broader market structure remains robust. Recent data showing Bitcoin’s realized cap reaching $906B further supports the thesis of sustainable growth.
Key Factors to Monitor:
- Spot volume trends on major exchanges
- MVRV momentum divergence
- Long-term holder behavior
- Short-term price support levels
The market appears positioned for continued strength, provided current support levels hold and risk signals remain contained.
