Bitcoin is trading just above the $112,000 level after breaking down from a consolidation range that held for over two weeks. The sharp decline sparked concerns among investors, particularly among Short-Term Holders (STH), who now face the difficult choice of realizing losses or holding underwater positions. However, top analyst Darkfost shared key insights suggesting that Bitcoin’s underlying demand remains robust, despite the price volatility.

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According to Darkfost, the Apparent Demand metric—comparing new BTC issuance to over one-year inactive supply—indicates that the market is still absorbing supply effectively. The ratio has stayed in positive territory, signaling that demand continues to outpace new issuance. Over the past 30 days, approximately 160,000 BTC have been accumulated, highlighting strong buying behavior even as prices corrected.

While sentiment among STH has weakened due to the recent drawdown, long-term accumulation trends suggest the broader market structure remains healthy. Investors with longer time horizons are continuing to add to their positions, reflecting confidence in Bitcoin’s long-term prospects. As BTC stabilizes around $112K, market participants are closely watching for a potential reversal or a deeper correction, with demand-side indicators offering a more optimistic outlook for the weeks ahead.

Demand from Accumulator Addresses and OTC Desks Signals Strong Conviction

Darkfost also highlighted critical insights regarding Demand from Accumulator Addresses, a metric that tracks wallets that have only acquired Bitcoin without any history of selling. This indicator provides a clear view into both the demand dynamics and the holding conviction of long-term investors.

Over the past month, the average BTC accumulated by these addresses has grown by approximately 50,000 BTC, showcasing a consistent and determined buying trend, despite recent price corrections. Such behavior underscores the confidence of long-term holders who are taking advantage of market dips to strengthen their positions.

On a broader horizon, BTC held on OTC Desks reflects a more strategic and long-term demand pattern. Unlike exchange-based activity, OTC transactions are less visible in immediate price action but offer a window into the intentions of institutional players.

Since September 2021, the supply of BTC on OTC desks has dropped sharply, from around 550,000 BTC to just 145,000 BTC today. This significant decline indicates that large-scale buyers are consistently removing Bitcoin from OTC circulation, reducing the available supply for future institutional entrants.

Whether examining short-term accumulation or long-term OTC trends, the overall demand-side picture remains notably positive. Despite recent volatility and a wave of short-term profit-taking, there are no major signs of structural weakness from demand-side indicators.

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Bitcoin Faces Key Resistance After Rebounding from Local Lows

Bitcoin is currently trading at $114,476, showing signs of stabilization after a sharp drop to $111,971 earlier this week. The chart shows BTC still hovering below the crucial $115,724 resistance, which aligns with the lower boundary of the previous consolidation range. The 50-day SMA sits at $100,228, providing a solid technical base, while the 100-day SMA at $95,433 remains a key medium-term support zone. The 200-day SMA is rising steadily at $77,282, confirming the long-term bullish trend.

Despite the recent volatility, Bitcoin’s price structure still suggests a bullish outlook as long as BTC maintains higher lows above the $110K level. However, the $122,077 resistance remains a critical barrier. Breaking above this level would signal a strong bullish continuation towards new highs.

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Volume activity has been decreasing during this retracement, which is a positive sign, indicating that selling pressure is not overwhelming. If BTC can reclaim the $115,724 zone in the coming sessions, it would increase the probability of another breakout attempt towards $122K.

Featured image from Dall-E, chart from TradingView

The analytics platform Glassnode says that Bitcoin’s (BTC) uptrend remains solid as long as one crucial support area holds.

Glassnode says the data visualization tool Cost Basis Distribution (CBD) heatmap shows Bitcoin has strong support at the “structurally important” zone between the $93,000 – $100,000 range.

CBD is an on-chain metric used to show price areas where investors bought their coins and how much they’re holding. Price zones with dense supply clusters could act as support or resistance levels, as they indicate levels where investors tend to accumulate or offload their holdings.

Glassnode says the $93,000 to $100,000 price area is acting as support for BTC and is keeping the crypto king’s bull market structure intact. However, a move below the level could ignite a sell-off event.

“However, a breakdown below could trigger a deeper correction, especially if holders with a cost basis in this zone begin to capitulate and add to the sell pressure.”

For now, Glassnode says that Bitcoin is currently showing “signs of diminishing profitability and sluggish on-chain activity,” signaling that the crypto king is in a consolidation phase as volatility falls and investor engagement weakens.

“Until we see a pickup in profitability and activity metrics, the likelihood of a breakout to new all-time highs remains limited. For now, the market appears to be digesting prior gains, awaiting fresh momentum and an influx of new demand.”

The analytics firm also says that Bitcoin’s push to a new all-time high in May was not accompanied by an increase in BTC spot volume and the volume levels were lower than what was recorded earlier in the current bull market.

Bitcoin is trading at $107,256 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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After suffering a steep 30% correction that took prices below $75,000, Bitcoin is showing signs of strength once again. The broader crypto market joined BTC in a sharp rebound following a key macro development: US President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, which now faces a 145% tariff. This easing of trade war fears brought some much-needed relief across risk assets.

Despite the volatility, Bitcoin’s resilience is gaining attention. According to insights from CryptoQuant, whales—large holders excluding entities like exchanges and mining pools—have not exited their positions. In fact, current on-chain data shows accumulation activity similar to what was observed during the August–September 2023 sideways market phase. This pattern historically reflects long-term conviction and has often preceded major rallies.

While short-term uncertainty remains, the continued presence of whale accumulation supports the idea that this correction is part of a broader bullish cycle rather than a structural breakdown. With prices stabilizing and sentiment slowly improving, Bitcoin now faces a critical test to reclaim higher levels and potentially resume its upward trajectory.

Bitcoin Resilient As Key Accumulation Suggests Bull Cycle Intact

Bitcoin remains strong after reclaiming the $80,000 level, and many analysts believe the worst part of the correction is over. However, global tensions—especially those tied to escalating U.S. tariffs—continue to pressure financial markets, with fears of a looming global recession growing. Despite this backdrop, Bitcoin has shown resilience and is now approaching a critical daily resistance near $88,700.

The recent 90-day pause on reciprocal tariffs for all nations except China, which still faces a 145% tariff, has provided some short-term relief. But lasting recovery depends on whether the US and China can reach a broader agreement.

Meanwhile, on-chain data from CryptoQuant reveals a compelling trend: Bitcoin whales haven’t made their exit. These whales, excluding exchanges and mining pools, offer a clearer view of real trading behavior and accumulation patterns. Historically, their movements have closely mirrored price action.

At the cycle peak last year, whale exits were marked by consistent profit-taking. This time, however, they are accumulating again, echoing patterns seen in the August–September 2023 sideways market. Unlike the 2020 COVID crash, which whales anticipated with early exits, they are holding firm during this correction.

This suggests the current downturn is not a structural crisis but a sharp pullback in a broader bull cycle. If this manufactured crisis resolves, a new wave of liquidity—possibly driven by QE from both the Fed and China—could favor assets like gold and Bitcoin. For now, whale conviction remains a bullish signal.

BTC Price Near Key Moving Averages

Bitcoin is trading at $83,600, now just 5% away from the 200-day moving average (MA) around $87,100. This technical level is a crucial milestone for bulls aiming to confirm a reversal and reestablish a long-term uptrend. To build a solid bullish case, BTC must not only hold above the $81,000 support zone but also reclaim the $85,000 level, which aligns closely with the 200-day exponential moving average (EMA).

Reclaiming these moving averages would signal a potential shift in trend, helping reinforce short-term momentum and restoring confidence across the market. The price action over the past week has shown signs of strength, but technical validation through these averages is essential before a true breakout can unfold.

However, downside risks remain. If Bitcoin fails to hold the $81,000–$80,000 range, selling pressure could escalate quickly. A breakdown below this region would likely open the door to a retest of the $75,000 level, where demand could be tested again.

With macroeconomic tensions still weighing on investor sentiment, BTC is at a critical inflection point. The coming days will determine whether bulls can solidify control—or if another correction leg is on the horizon.

Featured image from Dall-E, chart from TradingView 

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After weeks of intense selling pressure, Bitcoin (BTC) has entered a consolidation phase, trading below the $85K mark and above $80K. Bulls now face a critical test, as they must push BTC above $90K to prevent bears from driving prices lower.

Bitcoin is currently down over 29% since reaching its all-time high (ATH) in January, sparking growing speculation about a potential bear market. Sentiment remains cautious, with traders unsure whether BTC has bottomed or if further downside is ahead.

CryptoQuant data reveals that the current phase of negative demand suggests BTC distribution, a pattern that has historically led to temporary corrections, has not always signaled a full trend reversal. According to the data, Bitcoin demand has declined by approximately -140K BTC, which is significantly lower than previous crisis outflows of -268K BTC and -437K BTC.

While this localized selling pressure adds uncertainty, analysts suggest that the scale of the current decline does not threaten the broader bull market. The coming days will be crucial as Bitcoin must hold its current range and reclaim key resistance levels to confirm a recovery or risk further losses if bears remain in control.

Bitcoin Bull Cycle Isn’t Over

The crypto and the US stock markets are both struggling amid macroeconomic uncertainty and trade war fears, creating a challenging environment for investors. Bitcoin (BTC) is now down nearly 20% since the start of the month, and the bearish trend appears likely to continue as sentiment remains weak.

Despite this negative short-term outlook, market fundamentals remain strong. Institutional adoption continues to grow, and US President Donald Trump’s plans to create a strategic Bitcoin reserve could be a major catalyst for future price action. Many analysts argue that while current conditions are bearish, they don’t necessarily signal the end of the bull market.

Top analyst Axel Adler supports this view, sharing insights on X suggesting that BTC’s decline is part of a normal market cycle rather than the start of a prolonged downturn. According to Adler, the current phase of negative demand indicates BTC distribution, a trend that has historically led to temporary corrections but has not always signaled a full trend reversal. Demand has dropped by approximately -140K BTC, significantly less than previous crisis outflows of -268K BTC and -437K BTC.

Adler also notes that despite the current localized selling pressure, this decline does not threaten the broader bull market. Instead, it appears to be a short-term profit-taking event following Bitcoin’s all-time high (~$109K) and a reaction to macroeconomic factors.

Adding to market uncertainty, the Federal Reserve continues to maintain tight monetary policy, while inflation data has exceeded expectations, prompting markets to adjust their rate forecasts. This has increased pressure on risk assets, including BTC, leading to further volatility and cautious investor sentiment.

Price Struggles Below Key Moving Averages – Bulls Fight To Reclaim $85K

Bitcoin is currently trading at $84,300, struggling to regain momentum after weeks of selling pressure. The price is now below the 200-day exponential moving average (EMA) at $85,500 but remains slightly above the 200-day moving average (MA) around $84,000. Bulls must hold this support and reclaim the $85K level to prevent further downside.

For a confirmed recovery rally, BTC needs to break through $85K and push above $90K as soon as possible. Reclaiming these levels would signal renewed bullish momentum, potentially reversing the current downtrend and leading to a retest of higher resistance zones.

However, if BTC fails to reclaim the 200-day MA and EMA, it could face stronger selling pressure, leading to a possible drop below the $80K level. Losing this key psychological support would likely trigger panic selling, forcing BTC into lower demand zones and extending the current bearish phase.

With market conditions still uncertain, bulls must act quickly to push BTC above resistance and prevent further downside risks. The next few trading sessions will be crucial in determining Bitcoin’s short-term direction.

Featured image from Dall-E, chart from TradingView

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Ethereum’s price fluctuations may be nearing its end in the short term, indicating a potential start of the much-anticipated major upward move to a new all-time high. Its upside capability to new highs is further supported by bullish indicators and key patterns cited on its chart.

A Rally Incoming For Ethereum Shortly?

In light of waning performance, seasoned technical analyst and trader Titan of Crypto has outlined a promising trend for Ethereum in the short term. The expert’s analysis shows that ETH’s price action remains strong citing a bullish chart pattern, particularly the Symmetrical Triangle formation.

According to Titan of Crypto, the symmetrical triangle pattern is still in play despite fluctuations in the broader crypto market. ETH’s maintenance of the chart formation suggests the possibility of further upside growth shortly.

Presently, the altcoin is sustaining above key support levels like the $2,600 mark as the triangle formation points to a continuation of its renewed momentum. Since such patterns have preceded huge rallies, investors and traders are watching the development closely and how it may impact ETH’s next price trajectory.

Titan of Crypto previously underlined the altcoin’s ability to surge soon, highlighting that Ethereum’s most hated rally is on the horizon. His forecast is based on the heightened sentiment and weak investors’ confidence in ETH, which is currently at its peak FUD. However, once the negative sentiment wears off, he believes that the asset’s “comeback will be legendary.”

Why ETH Remains A Promising Asset

As FUD grows in the market, Titan of Crypto has reminded investors of several crucial factors that solidify Ethereum as a leading asset in order not to be swayed by the noise. One of the factors presented by the expert is that ETH was the first blockchain to successfully introduce smart contracts into the mainstream. Its inception ultimately paved the way for other sectors such as Decentralized Finance (DeFi), Non-Fungible Tokens (NFTs), and more.

Another factor is that ETH continues to foster innovation while holding its position as one of the biggest and most active developer communities in the crypto landscape. Lastly, Titan of Crypto pointed to the Merge protocol, which marked a historic shift to Proof-of-Stake by decreasing energy usage by about 99.95%.

Just as the blockchain boasts notable features, it also undergoes challenging aspects. Despite these promising advancements, ETH still faces setbacks like scaling, gas fees, and competition. This implies that Ethereum is not perfect, rather, it is evolving along with the changing market dynamics.

At the time of writing, Ethereum’s price was trading at $2,701, displaying a nearly 1% UPswing in the last 24 hours. Investors’ sentiment has drifted toward a negative area as shown by a more than 33% decline in trading volume in the past day.

Featured image from Unsplash, chart from Tradingview.com

A closely followed economist thinks that the Bitcoin (BTC) and crypto bull market still has room to run to the upside.

Alex Krüger tells his 205,000 followers on the social media platform X that crypto investors are disappointed because the current cycle appears to be different from the ones witnessed in the past in terms of time and upside magnitude.

But the economist says that investors should zoom out because he thinks crypto is in the midst of a supercycle.

“BTC is stuck in a range, which I think eventually resolves higher. The supercycle theory is intact.

Even though it applies to Bitcoin and crypto as a whole (market cap ex BTC and stables is considerably higher), most old alts don’t benefit from it on a sustained basis.

Should not expect an insane wave of liquidity driving all cr*p higher for an extended period of time. Be selective.”

According to Krüger, a supercycle doesn’t mean that Bitcoin will keep going higher without witnessing painful pullbacks.

“My definition has been playing out: BTC trades in line with equities [but with] shorter smaller drawdowns, e.g. 40% rather than 80%-90%.”

Looking at Solana, Krüger calls SOL the “fastest horse,” but he warns that the altcoin is set to see “very heavy unlocks in the next two months,” meaning that more supply is about to enter circulation.

As for Ethereum (ETH), the trader notes that the largest layer-1 protocol needs a shot in the arm to ignite bullish momentum.

“Ethereum … needs an intervention. Increased value capture from L2s (layer-2s). Plus a few more killer apps running on it.”

Turning to the broader altcoin market, Krüger says that he expects a new altseason to emerge but it will likely not be as explosive as the rallies seen in previous years.

“Expect a new alt season at some point. Shorter and smaller than prior ones. Positioning is very negative, and so is sentiment. but timing is unclear in the absence of clear catalysts. It can come out of nowhere.”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney