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Bitcoin has resumed a slow climb upward after a recent period of consolidation, briefly breaking back above the $106,000 mark earlier today. At the time of writing, the cryptocurrency is trading at $105,383, reflecting a 0.8% increase over the past 24 hours.
While this upward move has not sparked a major breakout, analysts are paying close attention to on-chain and market structure indicators that suggest a cautiously balanced environment.
On-Chain Data Points to Equilibrium, But Demand Wanes
According to CryptoQuant analyst Darkfost, the market currently lacks extreme signals of profit-taking or panic. In a recent analysis, Darkfost explained that realized profits over a seven-day moving average remain below $1 billion.
This is in line with figures observed during the market correction in late 2024 and significantly below peaks seen in early 2025. The analyst suggests that the current realized profit levels point to a market that is not under pressure from large-scale investor exits, supporting the ongoing consolidation.
In the same report, Darkfost also discussed how a decline in demand may be limiting further upward momentum. By analyzing the ratio of new supply to the supply held inactive for over a year, the study observed that while demand remains positive, it has been weakening since Bitcoin’s local high in May.
This suggests that although the market is absorbing existing selling pressure, fresh buying interest is not strong enough to trigger a new rally. As a result, the market appears to be in a state of temporary equilibrium, a phase where both sellers and buyers are relatively inactive.
Bitcoin Traders Brace for Volatility in a Crowded Range
Another CryptoQuant analyst, BorisVest, echoed the sentiment of a tightly contested market by analyzing Binance order flow and position data. He noted that Bitcoin has traded within a range of $100,000 to $110,000 for nearly a month.
Within this band, both long and short positions have been building, and traders are watching the extremes of this zone closely. According to BorisVest, any breakout beyond $110,000 or drop below $100,000 could set the tone for the next significant price movement.
The $100K–$110K price range has become a battleground for both bulls and bears. BorisVest observed that short positions are currently increasing, indicating that a significant portion of market participants expect a downward correction.
However, he also pointed out that when shorts dominate, the risk of a sudden reversal, known as a short squeeze, becomes more likely. This behavior is consistent with recent funding rate trends, which show a fairly balanced distribution of long and short bets.
Featured image created with DALL-E, Chart from TradingView
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others.
Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis.
Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events—like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ’s arrest—has honed his keen sense of market dynamics.
When he isn’t crafting engaging crypto content, you’ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he’s catching some Z’s or scrolling through Elon Musk’s very own X platform—(oops, another screen activity, my bad…)
Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters—(don’t judge, that’s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or “kaizen,” striving to be 1% better every day. His mantras, “God knows best” and “Everything is still on track,” reflect his resilient outlook and how he lives his life.
In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He’s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck—unflappable. Edyme is like trading in your car for a jet—bold. He’s the guy who’d ask his boss for a pay cut just to prove a point—(uhhh…). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent—okay, maybe that’s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps.
Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That’s just not the way he roll. He has these favorite lyrics from NF’s “Clouds” that resonate deeply with him: “What you think’s probably unfeasible, I’ve done already a hundredfold.”
PS—Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He’s 100% Him-alayan. Screw it, he ate the opp.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
