Market Sentiment Shows Significant Improvement
On-chain indicators show that investor sentiment toward Bitcoin has significantly improved in recent weeks. The monthly exchange inflow/outflow ratio has dropped below 1, signaling accumulation by long-term holders.
This dynamic is reinforced by movements of large quantities of BTC to institutional wallets, indicating strategic positioning by major players. With over 19,400 BTC transferred in a single day, equivalent to $2.11 billion, these flows demonstrate that appetite for Bitcoin remains strong despite the volatility.
Bitcoin Absorbs Profit-Taking
Despite sustained selling pressure on Binance derivatives in recent weeks, the Bitcoin price has remained remarkably stable. It continues to trade within a narrow range between $100,000 and $110,000. This structural resilience suggests that underlying demand is capable of absorbing short selling. This reinforces the thesis of a floor formation around $100,000.
Cumulative Volume Delta data, which measures net trader flows, remains negative, reflecting constant selling pressure. However, the price’s inability to decline significantly indicates that this selling is counterbalanced by accumulation dynamics.
Given these elements, it appears that Bitcoin is forming a new floor around $100,000, a level that could serve as a springboard to new highs in the coming months. While short-term volatility may persist, on-chain signals suggest that institutional demand and long-term investor appetite should support a next phase of parabolic growth.
