On-chain data shows that the Bitcoin “Supply Stress Ratio” has climbed to 0.23 recently, a sign that may not be positive for the BTC market. Bitcoin Supply Stress Ratio Indicates Market Currently Under Stress In a new post on X, the on-chain analytics firm Glassnode has discussed about the the latest trend in the Bitcoin […]
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Bitcoin’s price action has been trapped in a tight range between $84,000 and $82,000 in recent days, with bulls struggling to push upwards. The general market sentiment is one of a cautious nature, and hopes of a quick return above $90,000 are starting to fade. However, a new technical analysis suggests that Bitcoin could be on the verge of a significant rally, as price action shows the cryptocurrency is currently conforming to the cup-and-handle pattern. Cup And Handle Support Could Cause A Major Bitcoin Rally Recent Bitcoin price movements have drawn attention back to a key technical structure of the handle support of a cup-and-handle pattern, suggesting that a bullish setup may be quietly taking shape. This interesting Bitcoin price activity was relayed in a technical analysis by a crypto analyst on the TradingView platform. Related Reading: Bitcoin Price Suppression Below $100,000 Worries Investors, JPMorgan Analysts Reveal Real Problem The cup-and-handle pattern in question has been forming over multiple years, with the rounded bottom phase stretching from 2021 to mid-2024. This prolonged accumulation period saw Bitcoin gradually recover from the bearish market cycle before breaking above its neckline resistance. The breakout started the handle formation in the latter half of 2024, a consolidation phase that set the stage for BTC’s next leg up. By November 2024, Bitcoin completed this handle phase and went on an impressive rally that ultimately resulted in a new all-time high of $108,786 in January 2025. However, the recent 24% correction from this all-time high has seen the Bitcoin price returning to the neckine resistance of the cup-and-handle formation. The logical next step is for this neckline resistance to serve as support for the price correction and we could see Bitcoin rebound from here. In terms of a price prediction, Elliott wave analysis and projections put the price target above $130,000, particularly at $139,000. Elliott Wave Analysis Suggests A Surge Toward $130,000 According to the Elliot Waves technical framework, Bitcoin is currently in a larger fifth impulse wave formation. However, this fifth wave, which is generally bullish, has been punctuated by corrective ABC sub-waves, leading Bitcoin to retest the support of the cup-and-handle formation. Now that the support has been met, Bitcoin is in a position to bounce and continue the formation of its fifth impulse wave. This is expected to bring it to the price target above $130,000. Related Reading: Bitcoin Open Interest Crashed To 6-Month Low, Here’s What Followed The Last Time The alignment of the cup-and-handle formation with Elliott wave projections strengthens the case for a major breakout in the coming months. However, Bitcoin’s fundamentals reflect uncertainty in the short term. There is currently a lack of bullish momentum needed to rechallenge the $90,000 mark, which would be the first step needed to reach $130,000. Steady institutional outflows from Spot Bitcoin ETFs have further increased selling pressure, limiting Bitcoin’s ability to regain strength in the short term. At the time of writing, Bitcoin is trading at $83,500. Featured image from Unsplash, chart from Tradingview.com
Data shows the Bitcoin futures market has seen a massive deleveraging event recently. Here’s what this reset could mean for BTC, based on past trends. Bitcoin Open Interest Has Gone Through A Crash Recently As pointed out by an analyst in a CryptoQuant Quicktake post, the BTC Open Interest has seen a retest recently. The “Open Interest” refers to an indicator that keeps track of the total amount of futures positions related to Bitcoin that are currently open on all derivatives exchanges. Related Reading: Is Bitcoin Peak In? This Data Suggests Otherwise, Analytics Firm Says When the value of this metric rises, it means the investors are opening up more positions on the market. Generally, the total leverage present in the sector goes up when this happens, so this kind of trend can lead to more volatility for the asset. On the other hand, the indicator going down implies the futures users are closing up positions or getting forcibly liquidated by their platform. As leverage decreases following such a trend, the market can act in a more stable manner. Now, here is the chart shared by the analyst, that shows the trend in the Bitcoin Open Interest, as well as its 90-day percentage change, over the last few years: As displayed in the above graph, the Bitcoin Open Interest shot up to a new all-time high (ATH) of $33.6 billion back in January. Interestingly, this peak in the indicator coincided with the ATH in the price itself. As mentioned before, a rise in the Open Interest can lead to volatility for the cryptocurrency. The reason behind this lies in the fact that a mass liquidation event, popularly known as a squeeze, can become more probable to occur when the market is overleveraged. In such an event, a sharp swing in the price triggers a large amount of simultaneous liquidations, which end up acting as fuel for the move itself, thus elongating its length. This unleashes a cascade of further liquidations. The volatility emerging out of an increase in the Open Interest can, in theory, take Bitcoin in either direction. During the earlier bull rally, the Open Interest increase was accompanied by bullish momentum. From the chart, it’s visible, however, that the indicator reached a turning point around the time of the aforementioned peak. As bearish momentum took over Bitcoin following the ATH, it was now the turn of the bulls to get liquidated. The massive long squeezes that the price legs down induced helped to further the price decline, explaining its sharpness. Related Reading: Dogecoin Can Still Go Parabolic If This Support Holds, Analyst Says Today, the Open Interest is down to just $23.1 billion, with the indicator’s 90-day change sitting at a notable low of -14%. In the chart, the quant has highlighted the previous deleveraging events where the metric plummeted in a similar manner. “Looking at historical trends, each past deleveraging like this has provided good opportunities for the short to medium term,” notes the analyst. It now remains to be seen whether this cooldown in the futures market will be enough for Bitcoin to see a rebound or not. BTC Price At the time of writing, Bitcoin is trading at around $83,500, up 1% in the last 24 hours. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Bitcoin needs ‘deeper-pocketed investors’ to absorb the recent sell pressure from short-term holders
Bitcoin’s (BTC) price is waiting for long-term holders or institutional demand to absorb the recent sell pressure from short-term holders, according to the latest “Bitfinex Alpha” report. Bitcoin’s decline from its all-time high of $109,590 on Jan. 20 has intensified concerns about the role of institutional investors in sustaining market momentum. The recent pullback below […]
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A crypto analyst has revealed that the recent pullback in the Bitcoin (BTC) price has triggered a Fischer Transform indicator reminiscent of the 2022 bear market. Despite its poor performance over the past weeks, the analyst further predicts that BTC could see maximum pain ahead, indicating a significant downturn that could continue for the next […]
The central bank of South Korea is not buying into the (popular) notion of including Bitcoin in its foreign exchange stockpile, citing the cryptocurrency’s extreme price volatility and lack of recognition as a reserve asset under international standards. Related Reading: BTC Bulls Eye Comeback After $10 Billion Liquidation Shakeout—Analyst This cautious approach, according to a […]
Bitfinex analysts said Bitcoin buyers with purchases in the last month were the hardest hit during recent crypto market selloffs.
Hashdex’s ETF expansion could enhance crypto market accessibility and diversification, potentially attracting more institutional investors.
The post Hashdex files with SEC to add XRP, ADA, SOL, and other coins to its Crypto Index ETF appeared first on Crypto Briefing.
When will crypto go back up? Bitcoin, Ethereum, and Cardano consistently rank as the top cryptocurrencies by market cap. Not only do they drive markets, but they are consistently hogging most of the limelight when it comes to crypto news or media coverage. It isn’t surprising, considering there are 10,000 cryptocurrencies and crypto-related projects listed..
The post Taking A Look At 2 Underdog Cryptos: When Will Crypto Go Back Up? appeared first on 99Bitcoins.
A significant change in U.S. crypto policy was signaled at the White House Crypto Summit in 2025. It shifted from rigorous enforcement to more lucid rules and encouragement of creativity. Critical arguments, decisions, and implications to the digital asset future […]
The post What Happened at the White House Crypto Summit 2025? appeared first on Coinbackyard.