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Cryptocurrency News Articles
Bitcoin Consolidates As Institutional Interest Grows
Feb 07, 2025 at 09:00 am
Bitcoin has been struggling to reclaim the $100K mark but remains resilient above the $96K level after a sharp market-wide selloff.
Bitcoin price analysis shows BTC struggling to break above $100K despite recovering from a sharp market-wide selloff. The price dropped over 9% in 24 hours, only to later recover more than 11%, highlighting BTC’s resilience compared to the rest of the market.
Despite the uncertainty, key metrics suggest that Bitcoin remains in a bullish phase. Top analyst Axel Adler shared insights revealing that the Bitcoin Coinbase Flow Pulse is currently signaling strong institutional interest.
The absence of significant outflows typically seen in bear markets suggests that major players are still accumulating BTC rather than offloading it. As Bitcoin continues to consolidate above crucial support levels, the market is now watching whether bulls can reclaim $100K and sustain momentum.
If BTC loses the $96K level, another wave of selling pressure could emerge. The coming days will be crucial in determining Bitcoin’s next major move.
Bitcoin Consolidates As Institutional Interest Grows
Bitcoin price analysis shows BTC consolidating after a period of volatility, with crucial demand around $90K and strong supply near all-time highs.
Despite trade war fears adding volatility to BTC’s price action, institutional demand remains high, suggesting a bullish long-term trend for Bitcoin.
Top analyst Axel Adler shared key on-chain data, highlighting the Bitcoin Coinbase Flow Pulse. This metric tracks BTC inflows and outflows to and from Coinbase across all exchanges.
The flow pulse provides insight into supply and demand dynamics, particularly among major U.S. players. Adler’s analysis shows that Bitcoin is currently in a bull market, largely driven by institutional accumulation.
One of the most important takeaways from Adler’s findings is the absence of significant red zones on the Bitcoin Coinbase Flow Pulse.
These red zones typically indicate large-scale outflows, which are common in bear markets when capital shifts from the spot market to futures.
Since no such outflows have been observed, it suggests that major players are holding onto their BTC rather than selling into the market.
As Bitcoin continues to consolidate, traders are watching for a breakout above ATH or a potential retest of lower support.
If institutional demand remains strong, BTC could soon push into price discovery.
Bitcoin Struggles Below $100K
Bitcoin price analysis shows BTC weakening in the short term as bears gain the upper hand. The price has failed to break above the crucial $100K level, which has now become a major resistance point defining Bitcoin’s next move.
With volatility increasing and uncertainty dominating the market, BTC remains in a tight range between key demand and all-time highs.
If Bitcoin fails to break above $100K in the coming days, a deeper correction could be on the horizon.
A drop below the $96K mark would likely trigger further selling pressure, bringing BTC closer to lower support levels around $92K-$94K.
This would signal a potential extended consolidation phase before any attempt to push higher.
On the other hand, a clean break and hold above $100K could reignite bullish momentum, allowing BTC to test the upper range near its all-time high of $109K.
The next few days will be crucial in determining whether BTC can regain its bullish trend or if further downside is in store.
Traders are closely watching for confirmation of either a breakout above $100K or a rejection that could send BTC into lower demand levels.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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