- Stock fairs have witnessed an outflow of $ 677 million to BTC.
- Data shows that 67% of crypto traders accounts were in long positions.
In the last 24 hours, the overall cryptocurrency sentiment has changed completely due to a huge fall in price and billions of dollars in liquidations.
Bitcoin [BTC] Is also considerably affected and experiences a competitive decrease – an unusual circumstance for the market.
The reason behind the fall of Bitcoin
The possible reason for this market uncertainty and a massive price fall between cryptocurrencies is the trade war that is fueled by US President Donald Trump.
On February 2, Trump placed on X (formerly Twitter) and announced that he did that Implemented rates On Mexico, Canada and China, which makes the total market red.
Bullish sentiment among traders and investors
Anyway, traders and investors looked Bullish on BTC while they continued to gather and bet on lungs, according to Ambcryptos’s view on on-chain analytics from Coinglass and Hyblock.
The inflow/outflow data from Coinglass have shown that since the start of the price fall, the exchanges have been an outflow of a considerable $ 677 million to BTC.
This important outflow in the current wrestling market suggests potential accumulation through whales, investors and long -term holders, who can cause purchasing pressure and generate a further upward rally.
Source: Coinglass
In the meantime, Hydo Recently it revealed that when the price of BTC started down for the past 24 hours, global traders increased their long exposure.
67% of the accounts took long positions, indicating a bullish prospect for the King Coin.
Source: Hyblock
When combining these statistics on the chain, BTC seems to flash an ideal buying option.
Bitcoin -Price promotion and key levels
BTC has impressively respected the crucial support level of $ 91,500. However, this is the eighth time that it has tested this level that its power seems to weaken.
Based on Historisch Momentum, multiple retests of support or resistance can lead to a demolition or a breakout.
Source: TradingView
The current price promotion and market sentiment suggest that BTC Bullish will remain as long as it is traded above the level of $ 92,500.
Read Bitcoin’s [BTC] Price forecast 2025–2026
However, if the active level does not have this level and closes a daily candle below $ 91,000, there is a strong possibility of a decrease of 20%, which may reach the level of $ 74,000.
On the positive side, despite heavy price fluctuations, BTC has maintained above the 200 exponential advancing average (EMA), suggesting that it is in an upward trend.
