- Bitcoin fell four days in a row and dropped from $ 110k to $ 104k despite strong market optimism.
- If the question applies, BTC could back to $ 109k; Selling as recent buyers can follow a deeper correction.
For the first time since March 2025, Bitcoin [BTC] Rejected four consecutive days and dropped from $ 110k to a low point of $ 104k.
Despite the recent losses, however, market participants are more enthusiastic than ever before.
As far as, the demand for Bitcoin is still increasing. According to the analyst of cryptoquant Axel AdlerBTC question is approaching the peak levels of the previous bull market.
Fresh capital continues to flow in
Source: Cryptuquant
Bitcoin saw more than $ 1.8 billion in net capital flows on 29 May, a figure that has not been seen since the November 2021 bull market.
That inflow again in the past cycle, where capital reached a peak at $ 3.6 billion near $ 73k and $ 4.5 billion reached $ 92k.
These persistent inflow-even too all time heights of investors expect higher levels ahead, not a market top.
Whales lead the attack
Source: Ali Martinez
This conviction is visible on the chain.
Whales have scooped nearly 20,000 BTC over the past two days, while more than 50,000 BTC left exchanges – signaling accumulation, not distribution.
This enormous accumulation is proven by the fact that the Bitcoin Exchange Netflow remained negative for the first time in 2025 for the first time.
Source: Cryptuquant
Seven consecutive days of negative net flow indicate that buyers have had a strong position in the market. Despite Bitcoin’s upward process, it seems that investors have bought, even as prices rise.
When Bitcoin dropped under $ 110,000, buyers took the opportunity to collect even more. This trend suggests that investors willing to take positions, regardless of whether the price of Bitcoin is increasing or falling.
Short -term pain, long -term conviction
Despite strong basic principles, the price of BTC has fallen. Yet this pullback seems to be more macro-driven than led by sentiment.
Short -term holder SOPR shows the sales pressure remains filled in, although most are still in profit.
That suggests that these holders are not panic sales. They are rather tight and strengthen the wider bullish structure.
Source: Cryptuquant
Most market participants are currently Bullish, which suggests that the recent prices are probably short -lived. This question is the scene for a market recovery and Bitcoin can bounce back to $ 109,493.
However, if the price continues to fall, this can create panic from those who have bought Bitcoin between $ 100,000 and $ 104,000.
If this group decides to sell to achieve their profit, this can lead to a further fall in the market.