Defx Insights

Tag: Bitcoin Ath

  • Bitcoin Miners Double Exchange Inflows as BTC Tests $112K ATH

    Bitcoin miners are ramping up their selling activity near all-time highs, with exchange inflows doubling from 25 to 50 BTC daily as the leading cryptocurrency consolidates around $110,000. Despite increased selling pressure, market absorption remains robust, suggesting strong underlying demand.

    This development comes as long-term holders continue strengthening their positions near the $112K ATH, creating an interesting dynamic between miner selling and institutional accumulation.

    Miner Selling Activity Analysis

    According to crypto analyst Axel Adler, Bitcoin miners have significantly increased their exchange deposits following BTC’s recent push to all-time highs. The daily inflow rate has doubled from an average of 25 BTC to 50 BTC, indicating a clear shift in miner behavior. However, these levels remain well below historical peaks of 100 BTC per day, suggesting moderate rather than extreme selling pressure.

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    Market Impact and Price Action

    Despite increased miner selling, Bitcoin maintains strong technical structure above $108,000. Key support levels include:

    • 34 EMA: $108,639
    • 50 SMA: $108,271
    • 100 SMA: $105,958
    • Critical support: $103,600

    Institutional Buying Pressure

    The market’s ability to absorb increased miner selling without significant price impact demonstrates robust institutional demand. This aligns with recent developments, including Bitwise CEO’s prediction of an institutional tipping point in 2025.

    Technical Outlook

    For continued upward momentum, Bitcoin needs to reclaim the $111K-$112K range with strong volume. Current consolidation patterns suggest accumulation rather than distribution, with key metrics indicating healthy market structure.

    FAQ Section

    Why are Bitcoin miners increasing their selling?

    Miners typically increase selling activity near all-time highs to realize profits and fund operational costs. The current increase represents normal profit-taking behavior rather than distressed selling.

    Will increased miner selling impact Bitcoin’s price?

    Current market data suggests the increased selling pressure is being adequately absorbed by strong institutional demand, minimizing potential negative price impact.

    What are the key price levels to watch?

    The critical support zone lies at $103,600, while the immediate resistance is at the all-time high of $112,000. Breaking above this level could trigger the next leg higher.

    Featured image: Shutterstock

  • Bitcoin Exchange Volume Plunges 85%: Bullish Signal at $111K ATH

    Bitcoin Exchange Volume Plunges 85%: Bullish Signal at $111K ATH

    Bitcoin’s exchange activity has witnessed a dramatic decline since July 2022, even as the cryptocurrency sets new all-time highs above $110,000. This paradoxical trend could signal a major shift in investor behavior and market dynamics. Recent analysis of whale behavior provides additional context for this unusual market condition.

    Exchange Volume Drop: Key Statistics and Analysis

    According to data from CryptoQuant, weekly trading volumes for BTC/USD on centralized exchanges have plummeted from 2.9 million BTC in July 2022 to just 426,000 BTC – marking an 85% reduction. This significant decline coincides with Bitcoin’s remarkable price appreciation, suggesting a potential accumulation phase among long-term holders.

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    Market Implications and Technical Analysis

    The reduced exchange activity presents several key implications for Bitcoin’s market structure:

    • Decreased selling pressure due to fewer coins available on exchanges
    • Potential for increased volatility due to lower liquidity
    • Strong hodling behavior indicating long-term bullish sentiment

    Price Action and Support Levels

    Bitcoin currently trades at $110,855, having briefly touched $111,163. Key technical levels include:

    • Immediate resistance: $115,000
    • Critical support: $108,000
    • 200-period SMA: $98,024
    • Psychological support: $100,000

    Expert Insights and Market Outlook

    Top analyst Axel Adler suggests this declining exchange volume represents a structural shift in Bitcoin’s market dynamics. Standard Chartered’s recent $120K price target adds credibility to the bullish narrative, despite the unusual volume patterns.

    FAQ Section

    Why is Bitcoin exchange volume dropping?

    The decline in exchange volume primarily reflects increased holding behavior and reduced selling pressure as investors move coins to cold storage.

    Is low exchange volume bullish for Bitcoin?

    Historically, reduced exchange supply often correlates with price appreciation as it indicates less selling pressure and stronger holder conviction.

    What are the key price levels to watch?

    Current critical levels include $115,000 as resistance and $108,000 as support, with the psychological $100,000 level serving as a major floor.

    Featured image from Dall-E, chart from TradingView

  • Bitcoin Hits $111K ATH: Analyst Projects $126K Profit-Taking Level

    Bitcoin Hits $111K ATH: Analyst Projects $126K Profit-Taking Level

    Bitcoin (BTC) has entered uncharted territory after breaking its previous all-time high, reaching $111,888 in a historic rally that signals the start of a new price discovery phase. While the market sentiment remains bullish, analysts are maintaining a cautious outlook as key on-chain metrics suggest potential profit-taking ahead.

    This milestone comes as Bitcoin ETF inflows reached record levels of $609M in just six days, demonstrating unprecedented institutional interest in the leading cryptocurrency.

    Short-Term Holder Behavior Critical for Rally Sustainability

    According to renowned analyst Axel Adler, the sustainability of Bitcoin’s current rally heavily depends on short-term holder (STH) behavior and ETF-driven speculation. The STH MVRV (Market Value to Realized Value) ratio remains below the critical “green” threshold of one standard deviation (+1 STDV), historically associated with “super rallies.”

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    Price Targets and Technical Analysis

    Historical data suggests Bitcoin typically surges 46% above the +1 STDV line during similar market phases. Based on current metrics, this projects a potential peak near $154,000. However, Adler anticipates significant profit-taking could begin around $126,000, particularly from ETF investors who entered positions near $84,000.

    Key Support Levels and Market Structure

    The technical structure remains firmly bullish, with Bitcoin maintaining support above its 200-day moving averages:

    • 200-day SMA: $93,413
    • 200-day EMA: $89,106
    • Critical support: $103,600
    • Psychological support: $100,000

    FAQ Section

    What is causing Bitcoin’s current rally?

    The rally is primarily driven by strong ETF inflows, decreasing selling pressure from long-term holders, and growing institutional adoption.

    When might Bitcoin face significant resistance?

    According to analysis, the $126,000 level could trigger substantial profit-taking, particularly from ETF investors who entered around $84,000.

    What role do short-term holders play in this rally?

    STH behavior is crucial as their profit-taking decisions could significantly impact price momentum and rally sustainability.

  • Bitcoin Smashes $109K ATH: Analysts Project $140K Target Ahead

    Bitcoin Smashes $109K ATH: Analysts Project $140K Target Ahead

    Bitcoin (BTC) has achieved a significant milestone, breaking through to a new all-time high (ATH) of $109,800 after a powerful 4% daily surge. This breakthrough comes as technical indicators suggest further upside potential for the leading cryptocurrency.

    Breaking Down Bitcoin’s Historic Rally

    Wednesday’s price action saw Bitcoin decisively break through the critical $107,000 resistance level, setting its sights on the psychological $110,000 barrier. The flagship cryptocurrency has demonstrated remarkable strength, posting a 47% recovery from its recent five-month low of $74,000.

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    Technical Analysis Points to Further Gains

    According to analyst Ali Martinez, Bitcoin has formed a bullish ascending triangle pattern on lower timeframes, suggesting a potential push toward $115,000. This analysis aligns with broader market predictions of continued upward momentum.

    The Power of Three (PO3) Pattern

    Crypto analyst Jelle has identified a significant PO3 setup on Bitcoin’s chart, projecting a target of $140,000. The pattern consists of three distinct phases:

    • Accumulation: Consolidation near recent highs
    • Manipulation: Price action below support levels
    • Distribution: Strong breakout with increasing momentum

    Market Expert Consensus

    Multiple analysts, including Sjuul from AltCryptoGems, are forecasting a ‘strong expansion’ toward the $125,000-$130,000 range. The current price action notably mirrors the summer 2021 bull run, suggesting this cycle’s peak may still be ahead.

    FAQ Section

    Q: What is Bitcoin’s current all-time high?
    A: Bitcoin’s new ATH stands at $109,800, achieved on Wednesday.

    Q: What are the key resistance levels ahead?
    A: The immediate resistance lies at $110,000, with analysts targeting $115,000 and $140,000 as subsequent levels.

    Q: How much has Bitcoin recovered from its recent low?
    A: Bitcoin has surged approximately 47% from its five-month low of $74,000.

    As of this writing, Bitcoin trades at $107,502, maintaining strong momentum just 1.8% below its fresh ATH.

  • Bitcoin NVT Indicator Signals More Upside After $109K ATH

    Bitcoin’s meteoric rise to a new all-time high of $109,400 may just be the beginning, according to a key on-chain metric that suggests the market isn’t overheated yet. The Network Value to Transactions (NVT) Golden Cross remains well below historical peak levels, potentially indicating room for further price appreciation.

    NVT Golden Cross Analysis Shows Bullish Signals

    As Bitcoin continues its historic rally above $109,000, the NVT Golden Cross metric currently sits at 1.5, significantly below the overbought threshold of 2.2 that typically signals market tops. This technical indicator, which measures the relationship between Bitcoin’s market capitalization and transaction volume, has historically proven reliable for identifying potential price peaks and bottoms.

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    Understanding the NVT Ratio

    The NVT Ratio serves as a fundamental valuation tool for Bitcoin, comparing network value (market cap) to utility (transaction volume). When this ratio runs high, it suggests the network’s value may be outpacing its actual usage – a potential warning sign. However, current readings indicate healthy market dynamics despite recent price gains.

    Technical Analysis and Market Outlook

    The NVT Golden Cross employs two moving averages to generate signals:

    • 10-day MA: Currently tracking short-term momentum
    • 30-day MA: Providing longer-term trend context

    With the indicator at 1.5, there’s significant distance from the historical danger zone above 2.2, suggesting Bitcoin’s rally has room to extend. Some analysts are now eyeing potential targets as high as $150,000 given the strong technical setup.

    FAQ

    What does the NVT ratio tell us about Bitcoin’s current value?

    The NVT ratio suggests Bitcoin is not overvalued at current levels, as network activity supports the price appreciation.

    Could Bitcoin continue rising from here?

    Technical indicators, including the NVT Golden Cross, suggest further upside potential before reaching overbought conditions.

    What are the key resistance levels to watch?

    After breaking $109,400, the next major psychological resistance sits at $110,000, followed by $115,000.

    As Bitcoin continues making headlines with new price records, the NVT Golden Cross provides a valuable framework for assessing market conditions. Current readings suggest this rally may have more steam left, though traders should always maintain proper risk management.

  • Bitcoin Eyes $110K: BTC Bull Token Surges 2,400% Amid Historic Rally

    Bitcoin’s relentless march toward new heights continues as the cryptocurrency approaches the $110,000 milestone, with BTC recently touching $106,000 in a historic rally. This surge has sparked renewed interest in Bitcoin-themed projects, particularly the BTC Bull Token ($BTCBULL) which has raised an impressive $6M in its presale phase.

    Bitcoin’s Path to $110K: Technical Analysis and Market Sentiment

    According to CoinGecko data, Bitcoin is currently just 3% away from its January 2025 all-time high of $109,000. Popular crypto analyst ‘Trader Alan’ suggests a potential breakout to $116,000 next week, citing a converging triangle pattern with decreasing volume as a bullish indicator.

    However, market sentiment remains divided. While some traders anticipate further gains, others, including ‘Roman Trading’, point to emerging bearish signals that could indicate the end of the current bull run. Despite these mixed opinions, Bitcoin’s fundamentals remain strong with its realized cap reaching an all-time high of $906B.

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    BTC Bull Token: Capitalizing on Bitcoin’s Momentum

    As Bitcoin tests new highs, BTC Bull Token ($BTCBULL) has emerged as a promising investment opportunity. The project has successfully raised $6M in its presale, offering unique features including:

    • Free BTC airdrops at $150K and $200K Bitcoin price milestones
    • Strategic token burns at $125K, $175K, and $225K BTC levels
    • 68% APY staking rewards (subject to change)
    • Current token price: $0.00252 with projected 2,400% growth potential

    Bitcoin’s Evolution: Beyond Price Action

    In a significant development, Twitter founder Jack Dorsey has endorsed BIP 177, a proposal to simplify Bitcoin’s unit system. This potential rebranding could make Bitcoin more accessible to mainstream users, potentially driving further adoption and price appreciation.

    FAQ Section

    When will Bitcoin reach $110K?

    While exact predictions are impossible, current market momentum and technical indicators suggest Bitcoin could test $110K within the next few weeks.

    Is BTC Bull Token a good investment?

    The token shows promising potential with its unique reward system, but as with all crypto investments, thorough research and risk assessment are essential.

    What impact will the Bitcoin unit change have?

    The proposed changes aim to make Bitcoin more user-friendly and could potentially accelerate mainstream adoption.

    Disclaimer: This article is for informational purposes only. Always conduct your own research before making any investment decisions.

  • Bitcoin Price Tests $105K Resistance: Key Level Could Trigger New ATH Rally

    Bitcoin Price Tests $105K Resistance: Key Level Could Trigger New ATH Rally

    Bitcoin (BTC) has surged 10% over the past week to reach a crucial resistance level at $105,500, setting up a potential springboard for a new all-time high (ATH). This price action follows record-breaking ETF inflows that recently hit $381M, suggesting growing institutional confidence in the cryptocurrency.

    Bitcoin’s Critical Price Level Analysis

    The flagship cryptocurrency recently breached the psychological $100,000 barrier for the first time since February, marking a significant milestone in its 2025 bull run. Technical analyst Rekt Capital has identified the $104,500 level as a key resistance zone that could determine BTC’s next major move.

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    Technical Outlook and Price Targets

    According to Rekt Capital’s analysis, Bitcoin needs to achieve and hold several key levels for continued upward momentum:

    • Current resistance: $104,500
    • Critical support: $93,500
    • Secondary resistance: $98,500
    • Target range: $98,500-$104,500

    Market Scenarios and Next Steps

    Two potential scenarios are emerging for Bitcoin’s next move:

    1. Bullish Scenario: A daily close above $104,500 followed by support confirmation could trigger the next leg up
    2. Consolidation Scenario: A rejection at current levels could lead to a retest of the $97,000-$99,000 range

    FAQ Section

    What is the next major resistance for Bitcoin?

    The immediate major resistance lies at $104,500, with the next significant level at $110,000.

    Could Bitcoin reach a new ATH in 2025?

    Technical indicators and current market momentum suggest a new ATH is possible if Bitcoin maintains support above $98,500.

    What factors are driving Bitcoin’s current rally?

    The rally is supported by strong ETF inflows, institutional adoption, and positive technical indicators showing continued accumulation phases.

  • Bitcoin Price Set for New ATH by Q1 2026 Despite 23% Drop: Analyst

    Bitcoin’s recent 23% price correction has sparked intense debate about its long-term trajectory. As investors continue accumulating during this dip, prominent crypto analyst Miles Deutscher presents a compelling case for why current macroeconomic conditions could catalyze Bitcoin’s next all-time high.

    Understanding the Current Market Context

    Bitcoin currently trades at $83,313, showing resilience with a 0.90% weekly gain despite significant headwinds. The recent decline stems primarily from new US tariffs announced between February and April 2025, creating broader market uncertainty.

    The Macro Catalyst for Bitcoin’s Next Rally

    Deutscher outlines a series of economic events that could fuel Bitcoin’s ascent:

    • Short-term dollar weakness and lower interest rates benefiting crypto assets
    • Reduced US Treasury Bill purchases leading to liquidity tightening
    • Market bottoming as recession fears get priced in
    • Federal Reserve response with potential rate cuts and QE by 2026
    • Increased dollar liquidity through various economic tools

    Timeline to New All-Time High

    The analyst projects a new Bitcoin ATH between Q3 2025 and Q1 2026, driven by:

    • Resolution of current market uncertainty
    • Federal Reserve policy shifts
    • Improved global liquidity conditions
    • Quality altcoin recovery following Bitcoin’s lead

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    Market Indicators and Trading Volume

    Current market metrics show:

    • Bitcoin price: $83,313
    • Weekly performance: +0.90%
    • Daily trading volume: $14.25 billion (68.68% decrease)

    FAQ: Bitcoin’s Path to New ATH

    When could Bitcoin reach its new all-time high?

    According to Deutscher’s analysis, Bitcoin could achieve a new ATH between Q3 2025 and Q1 2026, following the expected economic policy shifts.

    What are the main catalysts for Bitcoin’s potential rally?

    Key catalysts include Federal Reserve policy changes, improved liquidity conditions, and the resolution of current market uncertainty driven by US tariffs.

    How will altcoins perform during this period?

    High-quality altcoins are expected to follow Bitcoin’s upward trajectory, while tokens with limited utility may struggle to maintain value.