Bitcoin (BTC) continues to demonstrate resilience near its recent all-time high of $111,980, with on-chain metrics suggesting minimal selling pressure despite the elevated price levels. Recent analysis of macro triggers provides additional context for Bitcoin’s current consolidation phase.
Exchange Flow Analysis Reveals Bullish Signals
According to CryptoQuant analyst Darkfost’s latest research, both short-term holders (STHs) and long-term holders (LTHs) are showing remarkable restraint in their selling behavior. The data reveals significantly lower inflows to Binance compared to previous market peaks:
- Current STH inflows: 8,000 BTC
- August 2024 correction: 12,000 BTC
- March 2025 panic: 14,000 BTC
Long-Term Holder Behavior Signals Confidence
LTH metrics paint an even more bullish picture:
- Current LTH deposits: 86 BTC
- 2024 market peak: 626 BTC
- Previous cycle top: 254 BTC
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Technical Support Levels to Watch
While the overall trend remains bullish, traders should monitor key support levels:
- Primary support: $106,800
- Secondary support: $103,500
- Major resistance: $112,000
Market Indicators Point to Continued Strength
Several factors suggest the rally may have room to run:
- Low retail participation compared to previous cycles
- Increasing exchange withdrawals
- Elevated unrealized profits without panic selling
- Strong institutional demand
FAQ Section
What is causing the low selling pressure in Bitcoin?
The combination of strong institutional demand, strategic holder behavior, and positive market sentiment has reduced selling pressure despite high prices.
Could Bitcoin see a sharp correction soon?
While the $106,800 support level remains crucial, current metrics suggest limited downside risk barring unexpected macro events.
What role are institutions playing in the current rally?
Institutional investors continue to accumulate Bitcoin through spot ETFs and direct purchases, providing steady buying pressure.
