- The Bitcoin rebound of $ 100,000 aligned with the increase in RSI and the strong support of Fibonacci, suggesting a deeper conviction in the rebound.
- The overvoltage of open interests and neutral funding suggest that traders are positioned for a major escape.
Since mid-June, Bitcoin (BTC) has demonstrated remarkable resilience, Recovery of support over $ 100,000 with conviction.
In parallel, more than $ 240 million in left BTC. An aggressive accumulation signal, no fear.
Naturally, the most striking change came from minors.
When minors stop selling, smart money listens
The btc.com minor in the exchange of flows fell to annual stockings when the price maintained above $ 100,000.
In fact, it is historically one of the most coherent sales indicators.
Bitcoin negotiating at $ 106,654 at the time of the press, the convergence of the confidence of minors and the accumulation of whales depicts an optimistic backdrop.
Source: cryptocurrency
These signals suggest that long -term holders are preparing for potential break while short -term volatility takes place. Do these key players calmly set the foundations for the next Bitcoin macro-weight?
Do merchants increase their bets as volatility yields?
Meanwhile, an open interest jumped 4.07% in 24 hours, reaching $ 33.97 billion on derived platforms. This increase involved that traders returned to the market with a renewed exhibition on the lever effect.
However, the absence of major price swings as well as this increase suggests an accumulation phase.
Such a divergence often precedes explosive volatility, especially when funding rates remain balanced.
And indeed, the financing rates remained slightly negative at -0,0009%, pointing to a long / short -healthy dynamic without overpopulation.
Source: cryptocurrency
Network activity increases, but that reshuffles
Address measures have a nuanced image of the current feeling. Active addresses increased by 5.84% this week, reflecting the greater user engagement.
However, the new addresses fell by 1.25%, which is clearly a sign that recent activity came from existing participants rather than new entrants.
In addition to this, zero balance addresses increased by 13.24% – more and more of the consolidation or redistribution of the portfolio, not the sale of panic.
These divergent models involve a reshuffle among existing participants rather than a flood of new investors. However, the increase in active use provides a basis for sustained demand should be a broader return on interest.
Source: intotheblock
Why has Bitcoin’s scarcity skyrocketed?
If the offer defines the value, the BTC stock / flow ratio has just made a noisy declaration. The metric has reached an unprecedented 757, the highest level of recent years.
Historically, these high S2F ratios have coincided with the main bull races, especially when associated with high accumulation trends.
When combined with growing demand, this high rarity scenario creates a favorable environment for a long -term price appreciation.
Source: Santiment
Can BTC recover higher levels after rebounded from $ 100,000?
Bitcoin found a solid support around the $ 100,000 area at $ 102,000, aligning with a cluster of Fibonacci key.
The rebound has pushed the price above $ 106,000, while the RSI climbed to 54.12, signaling a renewed force without over-rascal conditions. If the bulls maintain the momentum, the levels of resistance of the keys are around $ 110,000, $ 112,000 and $ 119,000.
Consequently, this recovery of a strong support – combined with healthy momentum – could fuel a higher fibonacci extensions in the short term.
Source: tradingView
Conclusively, the recent price stability of the BTC greater than $ 100,000 is not accidental – it is supported by the drop in minors’ outings, the rise in open interests and the deep chain accumulation.
The convergence of reduced sales pressure, record rarity and technical recovery establishes a solid scene for the next bullish phase.
