Spot Bitcoin ETFs see record inflows after July 4 dip

The Bitcoin price correction provided a strong opportunity for ETF investors to buy the dip.

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Social Media Screams Sell As Bitcoin Crashes To $54,000: Buy Signal?

Data shows users on social media platforms have been calling to sell Bitcoin after its latest crash, a signal that contrarian traders may be waiting for. Bitcoin Sentiment On Social Media Has Turned Quite Bearish According to data from the analytics firm Santiment, social media is showing historic levels of FUD amid the market drawdown. The indicator of interest here is the “Social Volume,” which basically tells us about the degree of discussion around a given topic or term that users on the major social media platforms are currently participating in. This metric works by going through posts/threads/messages on these platforms to look for mentions of the keyword. The indicator then counts up the number of posts that contain at least one such mention. Related Reading: Bitcoin Traders Sink Into Fear As Price Crashes Below $58,000 The reason the Social Volume doesn’t simply count up the mentions themselves is that mentions alone don’t contain any information about if the trend is being followed across social media as a whole. Sometimes, for example, mentions can be high for a topic, but most of them could be limited to niche circles (that is, inside a few posts). The Social Volume naturally wouldn’t spike in this case, but it would when users across the platforms are making posts about the term. Now, what the analytics firm has done here is that it has applied terms related to sentiment to Social Volume, to differentiate between discussions related to positive and negative sentiments. Here is the chart shared by Santiment that shows how the Social Volume for negative and positive sentiments has changed alongside the recent Bitcoin volatility: To discern the sentiment, the analytics firm has chosen terms such as buy, bottom, and bullish in the case of positive sentiment, and sell, top, and bearish for negative sentiment. From the graph, it’s visible that the Social Volume for the latter type of keywords has observed a huge spike alongside the plunge in the Bitcoin price. This would imply that a large amount of bearish posts have popped up on social media. The indicator has also spiked for terms pertaining to positive sentiment, but clearly, the scale has been lesser than the one for bearish terms. In fact, the latest ratio between sell and buy calls has actually been the largest observed in the year so far. Thus, it would appear that social media users as a whole are feeling FUD towards Bitcoin. This may actually be a positive development for the cryptocurrency, however, as its price has historically been more likely to move in the opposite direction to what the crowd expects. Related Reading: Why Did Bitcoin Plunge Under $58,000? On-Chain Data Says This As is apparent in the chart, buying calls had spiked on a few occasions following price plunges in the past month, but this optimism had only led to a continued decline for the asset. With the latest crash, sentiment appears to have finally flipped, with Bitcoin traders starting to give up. “For bold traders, this is a window that some may wish to be a true contrarian and buy into the crowd’s anger and frustration,” notes Santiment. BTC Price Bitcoin had briefly slipped under the $54,000 level during the plunge, but the asset appears to have bounced back to $55,400 since then. Featured image from Dall-E, Santiment.net, chart from TradingView.com

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Bitcoin Consolidates Below ATH Buying Pressure Weakens As Equities Outperform

Bitcoin is facing growing risks of a pullback as bullish momentum begins to fade near key resistance. After weeks of impressive gains, BTC is now consolidating in a tight range just below its all-time high, with buyers struggling to push the price into price discovery. This ongoing indecision has raised concerns among traders and analysts, who are closely watching for signs of either a breakout or a deeper retracement. Related Reading: Ethereum Multi-Year Consolidation Could Spark A Parabolic Move Details Crypto analyst Daan offered a broader perspective on the situation, noting that Bitcoin initially surged in response to the recent tariff-related tensions, significantly outperforming equities in the process. However, as trade uncertainty began to ease and traditional markets regained momentum, Bitcoin lost steam and failed to follow through. While stocks continued their uptrend, BTC stalledan unusual divergence that suggests caution may be creeping back into the crypto space. With the price now hovering around the $103K mark and key resistance near $105K remaining untouched, bulls must act decisively to reclaim control. A failure to do so could trigger a larger correction, especially if macro conditions shift or equity markets show renewed weakness. For now, all eyes are on the range and which side breaks first. Bitcoin Bulls Eye Breakout But Caution Grows Near Resistance Bitcoin is just 5% away from its all-time high of around $109,000, trading near $103K as bulls attempt to reclaim momentum. After weeks of strong upward movement and consolidation above key levels, many analysts believe BTC is preparing for a decisive breakout. If price can clear the $105K resistance, it could trigger a new leg into price discovery and signal the start of a powerful bull phase. However, selling pressure at current levels remains strong. Bitcoin has struggled to break higher, and some traders see this consolidation as a sign of potential exhaustion. Daan offered insights on the recent behavior, noting that BTC surged sharply following the tariff-related macro drama, outperforming equities in the process. Yet, as some trade uncertainty faded, stocks kept climbing while BTC stalled near resistance. Daan considers $90K his line in the sand for long-term spot exposure. If Bitcoin were to drop below that mark, it would suggest a structural breakdown that hasnt occurred during this cycle. For now, he remains cautiously bullish while BTC stays above that level, but admits the risk-reward was more attractive when BTC was 2030% cheaper. He also warns that if equities correct after their aggressive ralliesmany stocks have surged 3050% in a single monthit could drag Bitcoin lower in a short-term flush. With BTC showing relative weakness near resistance, the next move will be critical for confirming either continued upside or the start of a broader pullback. Related Reading: Dogecoin Whales Accumulate 1 Billion DOGE In A Month: Fueling Price Surge Speculation Tight 4H Range Signals Imminent Price Breakout The 4-hour chart shows Bitcoin consolidating tightly between $105,700 resistance and $100,700 support, creating a narrow range that suggests a strong move is imminent. Price has been ranging sideways for several days, with multiple failed breakout attempts above $103,600. This level continues to act as a key barrier for bulls. Notably, Bitcoin remains above both the 200 EMA ($96,121) and the 200 SMA ($94,622), reinforcing the medium-term bullish structure. Momentum is neutral in the short term, as shown by the indecisive price action and declining volume. However, the trend remains intact as long as BTC holds above $100,000 the psychological and technical line in the sand. If price breaks above $103,600 with volume, it could trigger a move toward the $105,000$109,000 range and initiate a push into price discovery. On the other hand, failure to hold this support zone could open the door for a quick flush to retest the $98,000$96,000 area, where the moving averages align. Related Reading: Solana Sees Renewed Demand As Capital Flows Turn Positive Details Traders should watch for a clear breakout or breakdown, especially as moving averages and prior highs converge. This tight setup rarely lasts long, and a decisive move could define Bitcoins trend for the rest of the month. Featured image from Dall-E, chart from TradingView

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Newbie Bitcoin Whales Buying 200,000 BTC Per Week, Data Shows

On-chain data suggests demand for Bitcoin remains significant as newcomer whales in the sector have been scooping up 200,000 BTC every week. Short-Term Holder Bitcoin Whales Have Continued To Accumulate Recently As explained by CryptoQuant author Axel Adler Jr in a post on X, the demand among the short-term holder whales has decreased since the all-time high, although it still continues to remain strong. Related Reading: Buy Or Sell Bitcoin? Quant Reveals What Leading Metric Says The “short-term holders” (STHs) refer to the Bitcoin investors who have been holding onto their coins since less than 155 days ago. This cohort includes the new investors in the market, as well as the fickle-minded traders who make moves often and don’t tend to HODL. The investors who make it past the 155-day threshold are put inside the “long-term holders” (LTHs), which is a group that’s generally considered to reflect the resolute side of the sector. In the context of the current discussion, the investors of interest aren’t the ordinary STHs, but rather the humongous entities called whales. Formally, these investors are defined as those holding more than 1,000 BTC in their wallets. At the current exchange rate, this lower limit is worth $61.5 million, which is massive indeed. Whales can be influential beings on the network because of these large holdings, so their behavior can be something worth keeping an eye on. The STH whales would naturally correspond to the large holders who only bought within the past five months. Here is a chart that shows the trend in the exchange outflows being made by these new whales in the Bitcoin market over the last few years: As displayed in the above graph, the 7-day simple moving average (SMA) of the Bitcoin STH whale exchange outflows had spiked to pretty high levels earlier in the year, when the rally towards the new all-time high (ATH) price had taken place. Naturally, this spike would suggest demand for buying the cryptocurrency was high from new whale investors entering the space. At the peak, the indicator implied accumulation was occurring at the rate of a whopping 452,000 BTC per week. Related Reading: Bitcoin Will Be Set For New ATHs If It Breaks This Resistance: Analyst A part of this buying would correspond to the demand coming in from the spot exchange-traded funds (ETFs) – new investment vehicles for Bitcoin only approved at the start of this year that provide for an indirect way to invest into the asset in a format that may be preferrable for the more traditional investors. From the chart, it’s visible that the demand from the new whales has seen a clear decline in the period since the ATH, but accumulation nonetheless remains substantial as the STH whales are still potentially buying at a rate of around 200,000 BTC per week. BTC Price Bitcoin has continued to be stagnant recently as its price is trading around $61,600 right now, still very much inside the range. Featured image from Andrew Bain on Unsplash.com, CryptoQuant.com, chart from TradingView.com

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Buy Or Sell Bitcoin? Quant Reveals What Leading Metric Says

A quant has explained what a potential leading Bitcoin indicator could say about whats next for the cryptocurrencys price. Bitcoin Coinbase Premium May Hold The Answer To Where BTC Goes Next In a CryptoQuant Quicktake post, an analyst has talked about the trend currently taking place in the Bitcoin Coinbase Premium. We can use the [...]

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Bitcoin Whales Continue Buying, Now Hold 25.16% Of All Supply

On-chain data shows that the Bitcoin whales holdings have grown to 25.16% of the entire supply, and their net accumulation has continued recently. Bitcoin Investors With 1,000 To 10,000 BTC Have Continued To Buy Recently According to data from the on-chain analytics firm Santiment, the BTC whales have accumulated more than 266,000 BTC since the [...]

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Newbie Bitcoin Whales Hold 2x As Much As Veterans: Whats Behind This Trend?

On-chain data shows the new whale entrants in the Bitcoin market now hold almost twice as much as the veterans. Here’s what could be behind this shift. Bitcoin Newbie Whale Holdings Have Been Rapidly Growing Recently In a new post on X, CryptoQuant founder and CEO Ki Young Ju has discussed about how the holdings of the new whales compares against the old ones in the market right now. Related Reading: Is The Bitcoin Top Already Here? This Historical Pattern Says So The on-chain indicator of interest here is the “Realized Cap,” which, in short, keeps track of the total amount of capital that the investors have used to purchase their Bitcoin. This capitalization model is in contrast to the usual market cap, which simply measures the total value that the holders as a whole are carrying based on the current spot price. In the context of the current topic, the Realized Cap of the entire market isn’t of interest, but rather specifically that of two segments: the short-term holder whales and long-term holder whales. Whales are defined as entities on the network who are holding at least 1,000 BTC in their balance. At the current exchange rate, this amount is worth $66.6 million, so the whales are clearly quite massive holders. Because of these large holdings, these investors can hold some influence in the market. Based on holding time, the whales can be subdivided into two categories. The short-term holder (STH) whales are those who acquired their coins within the past 155 days, while the long-term holder (LTH) whales have been holding since longer than this timespan. Now, here is the chart shared by Ju that reveals the Realized Cap breakdown between these two Bitcoin whale cohorts: Looks like the metric has shot up for the STH whales recently | Source: @ki_young_ju on X As is visible in the above graph, the Realized Cap of the STH whales has historically not been too different from that of the LTH whales, but that appears to have changed recently. The metric has pulled away for these new whales this year with some very sharp growth, as its value has now reached the $110.6 billion mark. This means that the STH whales have collectively bought their coins at an initial investment of a whopping $110.6 billion. The Realized Cap of the LTH whales, on the other hand, has continued its usual trajectory, floating around $66.9 billion currently. This means that there is now a massive gap between the indicator for these two cohorts. But what’s the reason behind the sudden emergence of this brand-new trend? As mentioned before, the STH cutoff stands at 155 days, which means that the Realized Cap of the STH whales would signify the total value of the purchases made by the whales over the last five months. In the past five months, there has been one event in particular that has stood out, which has also never been present in any of the prior cycles: the approval of the spot exchange-traded funds (ETFs). The spot ETFs provide an alternative mode of investment into the asset through a means that’s familiar to traditional investors. These funds have been bringing in some unprecedented demand into BTC and as their holdings also fall under the 155 days mark, they would count as STH whales. Related Reading: Ethereum To See Fresh Move Soon? What Futures Data Says Bitcoin has also been rallying this year, so all this new investment would have had to purchase at relatively high prices, thus causing the Realized Cap, which correlates to direct capital flows, to inflate even further. BTC Price Bitcoin is now trading at $66,400 after witnessing a surge of more than 6% over the past week. The price of the asset seems to have been overall consolidating sideways recently | Source: BTCUSD on TradingView Featured image from Todd Cravens on Unsplash.com, CryptoQuant.com, chart from TradingView.com

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Bitcoin Mega Whales Are Buying, Time For Rally To Return?

On-chain data shows that the largest number of investors in the Bitcoin market are finally buying, which could be bullish for the assets value. Bitcoin Mega Whales Have Shown Net Inflows In The Past Day In the past few weeks, the Bitcoin price has struggled to mount any significant bullish momentum as it has been [...]

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Bitcoin Sets New All-Time High Above $69,000 As Institutionals Show FOMO

Bitcoin has set a new all-time high (ATH) above the $69,000 level as institutional investors have aggressively bought on Coinbase. Bitcoin Has Set A New ATH Above $69,000 The moment that every Bitcoin investor had been looking forward to has finally arrived today. The cryptocurrency just smashed past the record set in November 2021 to [...]

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Whats A Simple Strategy For Buying & Selling Bitcoin? This Analyst Answers

An analyst has revealed a simple strategy for buying and selling Bitcoin using the historical pattern followed by two BTC on-chain indicators. These Bitcoin On-Chain Indicators Have Followed A Specific Pattern Historically In a post on X, CryptoQuant author Axel Adler Jr. discussed a simple strategy for timing buying and selling moves for Bitcoin. The [...]

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Coinbase Sees Largest USDC Inflow Ever, What This Could Mean For Bitcoin

On-chain data shows Coinbase has just witnessed its largest USD Coin (USDC) inflow. Here’s why this may be relevant for Bitcoin. Coinbase Has Just Seen A $1.4 Billion USDC Inflow As pointed out by analyst Maartunn in a post on X, a large amount of USDC has flowed into Coinbase during the past day. The on-chain indicator of interest here is the “exchange inflow,” which keeps track of the total amount of a given asset entering into the wallets associated with a centralized exchange or group of platforms. Related Reading: Bitcoin Bull Flag Could Predict 10% Surge To $77,000, Analyst Explains A spike in the exchange inflow can indicate that investors are interested in trading away the cryptocurrency. In the case of an asset like Bitcoin, such a trend can naturally be a bearish signal for the price. In the context of the current discussion, though, a stablecoin is of focus. While USDC exchange inflows would also imply that the holder wants to sell the asset, the transaction wouldn’t affect the price since, by nature, the coin always remains stable at around $1. This doesn’t mean that the sale of USD Coin isn’t of interest to the cryptocurrency sector as a whole, however. If investors are swapping stable coins in favor of volatile coins like BTC, then the prices of these latter assets would observe a buying effect. Now, here is a chart that shows the trend in the USDC exchange inflow over the past month: The value of the metric seems to have been quite high in recent days | Source: @JA_Maartun on X The above graph shows that the USDC exchange inflow has just registered a huge spike. According to Maartunn, this inflow was headed towards the cryptocurrency exchange Coinbase. In total, $1.4 billion worth of the stablecoin has entered the platform’s wallets with this inflow, the largest the exchange has ever observed. Given the extraordinary scale, this could prove to be quite bullish for Bitcoin and others if the entity behind the inflow is planning to go on a buying run with this dry powder. There also exists the scenario, however, where the whale actually intends to trade away the USD Coin stack in favor of fiat rather than using it to buy other cryptocurrencies. In such a case, a net amount of capital would be exiting the sector, which would be a bearish sign. Related Reading: Dogecoin Soars 17% To Break $0.21 As Volume Explodes It now remains to be seen whether the massive USDC deposit indeed ends up causing any noticeable fluctuations in the volatile side of the market, particularly in the price of Bitcoin. Bitcoin Price Bitcoin had observed sharp bullish momentum earlier to cross above the $70,000 level, but since then, the asset has fallen back to sideways movement, with its price remaining unchanged. The price of the coin appears to have been consolidating in the last few days | Source: BTCUSD on TradingView Featured image from iStock.com, CryptoQuant.com, chart from TradingView.com

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Bitcoin Coinbase Premium Returns To Neutral: Buying Push Already Over?

The positive Bitcoin Coinbase Premium that drove the latest rally above $70,000 has dissipated, suggesting buying has already slowed down. Bitcoin Coinbase Premium Gap Has Returned To Neutral Levels CryptoQuant Netherlands community manager Maartunn explained in a post on X that the Bitcoin Coinbase Premium Gap has declined back toward the neutral line. The Coinbase [...]

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Bitcoin FOMO: Over 533,330 Addresses Bought Above $70,180

On-chain data suggests more than 533,330 addresses FOMOd into Bitcoin above $70,180. Following the latest plunge, these investors would all be in losses. Over 500K Bitcoin Addresses Have A Cost Basis Between $70,180 & $71,340 As pointed out by analyst Ali in a post on X, many investors have bought at the recently high price [...]

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Bitcoin Coinbase Premium Continues To Decline, Buying Pressure Ending?

Data shows the Bitcoin Coinbase Premium has declined recently, suggesting that the buying pressure may be slowing down from the US investors. Bitcoin Coinbase Premium Index Has Gone Down In Recent Days An analyst in a CryptoQuant post pointed out that the market may be shifting towards a more balanced sentiment now. The “Coinbase Premium Index” [...]

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DBS says Bitcoin buy orders quadrupled despite crypto sell-off

DBS Digital Exchange, the members-only brokerage arm of Singapore-based BDS bank, reported huge increases in the amounts of crypto trades for its clients in June, up from figures seen in April.

The platform, which launched in December 2020, revealed that despite the massive price crash in the second quarter, buy volumes spiked to account for 90% of trading.

Purchase orders for Bitcoin (BTC/USD) more than quadrupled in June compared to April, while Ethereum (ETH/USD) buy volume rose by more than 65%.

The digital asset exchange did not just see a surge in purchase orders for the two assets. There were also significant jumps in demand for crypto custody services, with BTC seeing demand rise by over 30% and ETH by about 3%.

DBS’ brokerage platform also recorded an increase in its customers, with June accounting for about 10% of the new entrants.

Lionel Lim, the Chief Executive Officer of DBS Digital Exchange, noted in a statement that what the numbers say is that the crypto space is having a “great reset” of sorts. This is happening amid the current market volatility, suggesting a shift from yield trades for institutional clients.

“Investors today are instead seeking out safe harbors to trade and store their digital assets amid the ongoing market volatility,” he noted.

But despite the growing institutional demand, DBS has yet to extend its digital asset services to retail investors. The bank halted plans for a retail offering in April this year, citing the key hurdle as being regulation. Whether that happens in the short term, particularly with a nod from the Monetary Authority of Singapore (MAS) remains to be seen.

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Bitcoin Traders Fearful For First Time Since October: Buying Signal?

Data shows the sentiment among Bitcoin traders has plunged into the fear territory following the crash in the cryptocurrency’s price. Bitcoin Fear & Greed Index Has Plummeted During The Past Day The “Fear & Greed Index” refers to an indicator devised by Alternative that tells us about the average sentiment that’s currently present in the Bitcoin and wider cryptocurrency markets. This metric makes use of a numerical scale that runs from zero to hundred for representing the market mentality. All values above the 53 mark correlate to the investors sharing a sentiment of greed, while those under 47 suggest the presence of fear in the sector. The region in-between these cutoffs corresponds to a net neutral sentiment. Related Reading: Stablecoins See Positive Momentum: Will This Lead To New Bitcoin All-Time High? Besides these three main regions, there are also two special zones known as the extreme fear and extreme greed. The former occurs below 25 and the latter above 75. Now, here is how the latest market sentiment has looked according to the Bitcoin Fear & Greed Index: As is visible above, the indicator has a value of 44, which suggests the traders in the sector are being fearful at the moment. This is a drastic change from how the market has been recently, as the below chart displays. On the 31st of last month, the Bitcoin Fear & Greed Index had a value of 76, meaning that the market sentiment was inside the extreme greed territory. Just three days later, the trader’s opinion has completely flipped. The rapid deterioration in sentiment is a result of the bearish price action that the asset has witnessed this month, which has culminated in a crash during the past day. If history is to go by, though, the skepticism that has developed among the investors may actually be a positive sign for BTC’s price. Bitcoin and other digital assets often tend to move in a direction that’s opposite to what the crowd is expecting. The probability of such a contrary move taking place only rises the stronger the investors’ belief becomes. Related Reading: Bitcoin HODLer Selloff Extends To 1.1 Million BTC As Profit-Taking Continues Extreme greed and extreme fear are where this likelihood is the strongest, so major tops and bottoms have historically formed when the Fear & Greed Index has been in these regions. The top last month, for instance, also occurred alongside extreme greed. Traders who follow an investing philosophy called contrarian trading exploit this fact to time their moves. Warren Buffet‘s famous quote sums up the idea: “Be fearful when others are greedy, and greedy when others are fearful.” While the market sentiment hasn’t quite worsened into extreme fear yet, the fact that the metric is at its lowest value since October could still be a sign that a contrarian trader may be looking for. It now remains to be seen whether the current level of fear would be enough for Bitcoin to bottom out, or if a further drop will happen first. BTC Price At the time of writing, Bitcoin is floating around $95,200, down around 4% in the last 24 hours. Featured image from Dall-E, Alternative.me, chart from TradingView.com

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Bitcoin Whales Buying The Dip: $1.28 Billion Added Below $90,000

On-chain data shows the large Bitcoin holders are capitalizing on the lower prices as they have switched to accumulating again. Bitcoin Whales Are Now In Net Buying Mode According to data from the market intelligence platform IntoTheBlock, the Large Holders are buying BTC right now. The on-chain indicator of relevance here is the “Large Holders Netflow,” which keeps track of the net amount of the asset that’s entering into or exiting out of the wallets associated with Large Holders. The analytics firm defines ‘Large Holders’ as the entities that are carrying at least 0.1% of the cryptocurrency’s entire supply in their balance. At the current exchange rate, this amount is worth a whopping $1.67 billion, so the only addresses who would qualify for the group would be those owned by the largest of investors in the space. Related Reading: Dont Call Bitcoin Bottom Just Yet, CryptoQuant Head Says: Heres Why When the value of the Large Holders Netflow is positive, it means these humongous entities are receiving net inflows into their wallets. Such net buying from this cohort can naturally be a bullish sign for BTC’s price. On the other hand, the indicator being negative can lead to a bearish outcome for the cryptocurrency, as it implies the largest of holders have decided to participate in some selling. Now, here is the chart shared by the analytics firm, that shows the trend in the Bitcoin Large Holders Netflow over the past week: As displayed in the above graph, the BTC Large Holders Netflow had turned negative earlier in the week, meaning these mega whales had taken to net distribution. The cryptocurrency’s price had followed up with its crash when this selling had emerged, so it would appear likely that this cohort had a role to play in the bearish price action. While these influential beings may have been at least in part responsible for the market decline, they have now turned around and started buying instead, as the indicator’s value has broken back into the positive region. According to the analytics firm, the Large Holders have added almost 15,000 tokens of the asset to their wallets since BTC has gone under the $90,000 level. Thus, it would appear that this cohort believes the current low prices to be offering a worthy accumulation opportunity for Bitcoin. Related Reading: XRP Indicator Reliable Since 2022 Now Gives This Signal It’s possible that this buying spree from the whales would end up having a bullish effect on BTC, similar to what the earlier selloff did, but so far, the coin has only continued to slide down. BTC Price Bitcoin has furthered its drawdown with another 2% drop during the last 24 hours, which has taken its price to the $84,500 level. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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Bitcoin Buying Pressure WanesChart Reveals 60-Day Downtrend

Analysts reported that the crypto community is witnessing a decline in the buying pressure for Bitcoin, pushing the firstborn cryptocurrency into negative territory. However, some market observers noted that not all is lost in the recent slide of Bitcoin, saying what seems to be an unfavorable condition offers opportunities for long-term investors. Related Reading: Dogecoin To $1.35? Analyst Predicts Milestone Within 70 Days Downward Trend Analysts said that a weakening buying pressure on Bitcoin might be a cue that the crypto is entering a downward trend phase with some observers saying that BTC is already within the negative pressure zone. Bitcoin’s buying pressure has decreased over the last 60 days, allowing room for selling pressure, Joao Wedson, Founder & CEO of Alphractal, said in a post. Bitcoin’s buying pressure has decreased over the last 60 days, allowing room for selling pressure. Negative regions present two opportunities: Favoring short positions They signal that the downtrend may continue or has occurred, creating an opportunity to accumulate BTC. pic.twitter.com/dApRsS9Ihf Joao Wedson (@joao_wedson) February 17, 2025 Crypto analysts noted that this condition might lead to a decline in price which could be both good and bad for digital assets traders. Data shows that Bitcoin is having a hard time maintaining a bullish momentum as its price hovers around $95,912 per coin. Two Opportunities Wedson said that BTC has been experiencing a decline in buying pressure in the last two months, noting that the market shift could offer something positive to its investors. Negative regions present two opportunities, the CEO noted. He enumerated that among the opportunities is favoring short positions which could be a good sign for traders. Another bright spot is the weakened buying pressure that indicates the downtrend may continue or has occurred, creating an opportunity to accumulate BTC. In other words, the current condition of Bitcoin could give investors a chance to build their BTC portfolio by buying more coins. The Buy/Sell Pressure Delta Chart In a post, Wedson presented two charts of the Buy/Sell Pressure Delta to illustrate the shifting dynamics between buying and selling activity in Bitcoin, which has been going on in the past 60 days. Wedson explained that if the market is dominated by sell pressure, investors can take advantage of the downward momentum by entering short positions. According to historical data, negative pressure zones usually align with a continued decrease in price, a potentially profitable opportunity for traders betting on further price declines. Meanwhile, the Alphractal executive showed in the graph that a high sell pressure commonly indicates a bearish sentiment, adding that this is a great opportunity for long-term traders to increase their BTC holdings. Analysts explained accumulating more Bitcoin during this period allows long-term investors to position themselves for a future recovery. The decrease in buying pressure is a significant factor to consider. While short positions might seem attractive in a downtrend, the potential for accumulation also presents a compelling long-term strategy, a crypto investor commented on Wedsons post. Related Reading: Bitcoin Whales AccumulateWill This Push BTC Toward $100K? Bitcoin might continue to be at risk of further decline if the buying pressure remains weak. Featured image from The Independent, chart from TradingView

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Bitcoin Indicator That Timed January Top Now Gives Signal To Buy

An analyst has pointed out how the Bitcoin Tom Demark (TD) Sequential has just given a signal that could be bullish for the asset’s price. Bitcoin TD Sequential Is Flashing A Buy Signal Right Now In a new post on X, analyst Ali Martinez has discussed about the TD Sequential signal that has just formed for Bitcoin on its daily chart. The “TD Sequential” here refers to an indicator from technical analysis (TA) that’s used for locating probable tops and bottoms in any asset’s price. Related Reading: Just 10 Holders Control 61.3% Of Shiba Inu Supply: How This Compares With Other Altcoins The indicator consists of two phases: setup and countdown. The end of each of these phases is assumed to coincide with a signal for a turnaround in the cryptocurrency. In the first phase, the setup, candles of the same color in the chart are counted up to nine. These candles don’t need to be consecutive, just that there should be nine of them. Once the ninth candle is in, the setup is said to be ‘complete,’ and the price can be considered to have reached a reversal. The second phase, the countdown, picks up right where the setup left. It works almost exactly in the same manner, with the one exception being that candles here are counted up to 13 instead. Following these 13 candles, the asset arrives at another point of likely trend exhaustion. Naturally, where the price would go after the end of either phase depends on the polarity of the candles involved in the phase’s completion. Green candles imply a reversal to the downside, while red ones suggest the formation of a bottom. Bitcoin has recently formed a TD Sequential signal of the first type. Here’s the chart shared by Martinez that shows the pattern in the coin’s daily price: From the graph, it’s visible that the 24-hour price of Bitcoin has finished a TD Sequential setup with nine red candles recently, which suggests the asset may be due a bullish reversal. In the chart, the analyst has also highlighted the last signal that the indicator gave for the cryptocurrency. It would appear that this previous signal was a sell one and it was also right on the mark as it coincided with last month’s price top. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Given this pattern, it’s possible that the latest TD Sequential signal would also end up holding for Bitcoin. If so, it might finally help the asset shove off its recent bearish winds. Speaking of the TD Sequential, another top coin, Cardano (ADA), has also formed a signal recently, as Martinez has pointed out in another X post. As displayed in the below chart, the pattern is a bullish one for ADA as well. BTC Price Bitcoin slipped under the $95,000 level yesterday, but the asset has made some quick recovery in the past day as its price is now trading around $97,700. Featured image from Dall-E, charts from TradingView.com

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BitMEX Whales Buy Bitcoin: What History Says Will Happen Next

On-chain data shows the Bitcoin price has followed a particular pattern when the BitMEX whales have made large withdrawals. Bitcoin Exchange Netflow For BitMEX Has Seen A Red Spike Recently As an analyst in a CryptoQuant Quicktake post pointed out, the cryptocurrency exchange BitMEX has recently observed significant withdrawals from the whales. The indicator of interest here is the “exchange netflow,” which tracks the amount of Bitcoin entering or leaving any exchange’s wallets. The metric’s value is calculated by subtracting the outflows from the inflows. When the value of this metric is positive, it means that the inflows outweigh the outflows right now, implying that the investors are depositing a net number of coins to the platform. Related Reading: XRP Whales Are On The Move, What Are They Up To? Generally, one of the main reasons holders want to transfer their BTC to exchanges is for selling-related purposes, as this trend can have a bearish impact on the asset’s price. On the other hand, the negative indicator implies net withdrawals are taking place on the exchange. Such a trend can suggest either some fresh buying is occurring or some existing investors are simply transferring the BTC they already own towards self-custody. In either case, the holders withdrawing from the exchange’s custody can be a bullish sign for the cryptocurrency, implying that these investors potentially plan to hold onto their coins for extended periods. Now, here is a chart that shows the trend in the Bitcoin exchange netflow for the BitMEX platform over the last few months: The value of the metric appears to have been quite negative in recent days | Source: CryptoQuant As displayed in the above graph, the Bitcoin exchange netflow for BitMEX has registered large negative values just recently. The investors have withdrawn about 4,000 BTC (equivalent to $168.3 million at the current exchange rate) from the platform during this net outflow spree. The quant has explained that the price of the cryptocurrency and this metric have followed a specific pattern whenever this trend has occurred. Below is a zoomed-out indicator chart showing the previous instances where negative spikes took form. The trend in the BitMEX exchange netflow over the last few years | Source: CryptoQuant “When a significant volume of Bitcoins is observed leaving BitMEX, one of the leading cryptocurrency trading platforms, it often signals the formation of local bottoms in the price of Bitcoin (BTC),” notes the analyst. The graph shows that large net withdrawals also occurred on the exchange right before the current rally in the cryptocurrency’s price began in October of last year. It’s possible that these historical negative spikes in the indicator corresponded to buying from these BitMEX whales, which helped the price bottom out and turned around. Related Reading: Bitcoin Miner Selloff Poses Negligible Impact, Quant Argues Given this historical pattern, the latest net withdrawals may have a similar effect to some degree on the coin. The quant cautions, however, that “it is essential to closely monitor these trends, as large inflows into the exchange can have the opposite effect, potentially leading to a decrease in BTC price.” BTC Price Bitcoin has erased its recent recovery as the asset’s price has returned to the $42,000 mark now. Looks like the price of the asset has returned to an overall sideways trajectory | Source: BTCUSD on TradingView Featured image from Thomas Lipke on Unsplash.com, charts from TradingView.com, CryptoQuant.com

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