- Bitcoin showed Beerarish trends, but institutional intake can stabilize the market.
- BTC was confronted with $ 98k resistance, with growing whale activity and institutional trust.
Bitcoin [BTC] Network activity has fallen Bear Market Levels Has been since December 2024, since the network activity index has fallen sharply.
This indicates a delay in the transaction activity and a decrease in daily active addresses, which indicates a lower demand for block space. Although this pattern is typical during bear markets or specific events such as the China ban in 2021, it may not be a red flag.
Although the market may seem weak, the inflow of institutional trust in the long term can help stabilize BTC. At the time of the press, Bitcoin traded at $ 96,998.87, which reflects an increase of 2.91% in the last 24 hours.
The volatility remains low at 25.80%, signaling of calm, but …
The volatility of Bitcoin has fallen to 25.80%, the lowest level in the last thirty days. This period of low volatility could suggest that the market is experiencing a temporary calmness before considerable price movements.
Historically, such periods of low volatility are often followed by sudden price shifts, either up or down.
Given the recent price increase, the market can prepare for another volatile phase, especially with the upcoming FOMC meeting that may affect a broader market sentiment.
Source: Intotheblock
BTC is confronted with resistance at $ 98k, indicating the promotion of the most important price
At the time of writing, BTC Was testing the key resistance at $ 98k, with Fibonacci retracement levels that indicate critical price promotion.
The 0.236 and 0.382 Retracement levels at $ 95,656 and $ 96,347 are important interest areas, while the levels of 50% and 61.8% at $ 94,799 and $ 92,171 offer potential support zones.
The stochastic RSI was on 41.55, which indicates neutral conditions, with room for both upward and downward movement.
A successful outbreak above $ 98k would probably be focused on the $ 100k marking, but not to dislike this level can lead to a pullback, making $ 90k and $ 92k the most important support zones.
Source: TradingView
BTC ETF Inflow Signal Institutional Trust despite uncertainty
Bitcoin ETF inflow is robust, with a total of $ 5.13 billion that enter BTC ETF products in the last three weeks. This inflow identifies strong institutional confidence in Bitcoin, even when retail activity slows down.
However, the upcoming FOMC meeting could introduce market volatility, because all adjustments in interest rates or comments from the Federal Reserve can influence the sentiment of investors.
Despite this uncertainty, the inflow into BTC ETFs suggest that institutional investors remain optimistic about Bitcoin’s long -term potential.
Source: Santiment
The whale activity has recently increased, with institutional investors such as BlackRock who buy 280 BTC worth $ 37.8 million and metaplanet that adds 555 BTC.
These purchases indicate that large holders bet on the future growth of Bitcoin, and their actions can be confident in the actual point of view, even in the midst of uncertain market conditions.
Is Bitcoin set on growth despite bear market signals?
Despite bear market signals, BTC’s price promotion, together with institutional intake and whale activity, suggests potential growth.
With low volatility, great resistance to $ 98k and institutional trust, BTC can prepare for a new upward movement.
However, the direction of the market will depend on BTC’s answer to the most important price levels and the upcoming FOMC meeting, which can influence the sentiment of investors.