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From a technical standpoint, Bitcoin is showing some signs of overheating, but onchain data suggests otherwise.

• Bitcoin hit a new all-time high of $111,970 on May 22, but retraced to $110,700, with analysts noting mixed signals on market overheating.
• Funding rates and other metrics suggest a “healthy upward phase.”
Bitcoin’s [BTC $108,964] price recorded a new all-time high of $111,970  on May 22. However, BTC price retraced shortly after to trade at $110,700 at the time of writing.
Despite the correction, there are mixed signals about whether the price rally is overheated or whether this is a healthy pullback.

Bitcoin “still not overheated” — analyst

Bitcoin is not showing any signs of being overheated despite reaching new all-time highs this week, with several analysts pointing to fundamentals suggesting Bitcoin could rise further.
“Overheating indicators such as the funding rate and short-term capital inflow remain low compared to previous peaks, and profit-taking by short-term investors is limited,” said CryptoQuant analyst Crypto Dan in a May 22 Quicktake note. #BTCPrediction #TrumpTariffs

• On Friday we have seen Ethereum rally a bit, but we don’t seem to be able to really take off to the upside and therefore think you have got a situation where we will continue to try to work off some of the excess froth from the big move to the upside.
• The 200 Day EMA sits just below, so that could offer quite a bit of support, especially with the $2400 level sitting just below there.
• Ultimately, this is a market that I think will remain noisy, but I do think that we are trying to do everything we can to break out to the upside. The $2800 level is a bit of a ceiling, and an area where we have seen a lot of noise previously. If we can break above that, then Ethereum will really start to take off to the upside.
• At that point, we could go all the way back to the all-time highs over the next several months, but keep in mind that Ethereum needs a little bit of help from external pressures, mainly in the form of Bitcoin

•Buying Dip
Going forward, buying dips will. probably remain the key way to get involved in Ethereum, and it’s likely that short-term buyers are looking to get involved.

• Bitcoin whale inflows to Binance have declined as prices picked up, indicating reduced selling activity.
• Bitcoin's realized cap has grown by 3%, increasing by $30 billion in April, yet it remains below the highs reached in November and December.
• BTC long-term holder supply has seen a slight drop for the second time in May, indicating increased spending from this cohort.
Bitcoin (BTC) is trading around $103,600, down 0.5% on Wednesday amid a decline in the general crypto market. Bitcoin whale inflows to Binance have dropped, signaling a shift toward holding despite increased spending among long-term holders (LTH).
Bitcoin whales resume holding amid decline in LTH supply
Bitcoin inflows from whale addresses on crypto exchange Binance have experienced a consistent decline in the past month.
Whale inflows on the exchange were $5 billion in April, coinciding with the start of Bitcoin's price recovery. However, it plunged to $3 billion in May, reflecting a notable decrease in large-holder activity. The decline in whale inflows suggests a shift toward holding among this group. 

However, retail inflows increased from $12 billion to $15 billion over the same period, still below levels seen during previous market peaks.
The downtick in whale selling pressure aligns with the growth of Bitcoin's realized cap, which maintained a 3% monthly increase, adding $30 billion in April, according to data from Glassnode.

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 Michael Ebiekutan
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Bitcoin whales resume holding despite increased long-term holders' spending
Cryptos | 05/15/2025 00:10:48 GMT
• Bitcoin whale inflows to Binance have declined as prices picked up, indicating reduced selling activity.
• Bitcoin's realized cap has grown by 3%, increasing by $30 billion in April, yet it remains below the highs reached in November and December.
• BTC long-term holder supply has seen a slight drop for the second time in May, indicating increased spending from this cohort.
#BTC

Bitcoin faces a volatile trip among shifting liquidity conditions, with bulls getting squeezed first, new BTC price analysis predicts.
Bitcoin threatens a trip to long-term range lows before “full bull” takes over BTC price action.
In his latest analysis on X, released on Oct. 10, analyst Cole Garner said that he sees “capitulation incoming” for Bitcoin BTC$60,965.95 markets.
BTC price “range lows” still on the table
Bitcoin still stands to gain from global liquidity trends, but what comes first might shock the average trader.
Investigating current onchain phenomena, Garner flagged liquidity declining in the short term, which could be reflected in BTC price performance.
“Liquidity onchain is tightening: I smell capitulation incoming,” he summarized.
“A common pre-requisite to full bull.”

BTC/USD 8-hour chart with Tether Ratio Channel
>Bitcoin kicks the can on “Uptober”
As Cointelegraph reported, some market participants still hope that BTC/USD will deliver a turnaround from its sideways moves before the end of October.
Related: Bitcoin traders don’t expect new highs until the 200-MA becomes support
One theory argues that even China’s stimulus rethink could spark a fresh wave of capital inflows toward crypto.
Zooming out, bullish BTC price predictions also remain in place. This week, longtime trader Peter Brandt said that he sees BTC/USD reaching $135,000 within the next year, provided that crucial support holds.
Bitcoin traded near $61,000 at the time of writing, down 4% month-to-date, per data from Cointelegraph Markets Pro and TradingView.

BTC/USD 1-hour chart. Source: TradingView
#btcupdates2024 #BTC/USDT. #bitcoin #BTC

Bitcoin nokrīt zem 62 000 USD, jo ir bažas par ASV valdības pārdošanu 69 000 BTC, palielinot piegādes riskus un tirgus bažas.
ASV BTC-spot ETF 7. oktobrī ieplūda 235,2 miljonu ASV dolāru apmērā, bet neto aizplūde ir tirgus atbalsts piedāvājuma satricinājumiem.

Fed runātāji un FOMC sanāksmes protokoli šodien varētu ietekmēt BTC cenu tendences plašākas tirgus nenoteiktības apstākļos.
FBTC
-1,93%
Tas aizies
-1,89%
Ethereum
+0,27%
Bitcoin
-0,11%Pārsnieguma riska dēļ Bitcoin noslīd zem 62 000 USDOtrdien, 8. oktobrī, BTC vērtība kritās par 0,12%, pēc 0,89% zaudējuma salīdzinājumā ar iepriekšējo sesiju, lai slēgtu 62 181 USD. BTC atspoguļoja plašāko kriptovalūtu tirgu, kas noslīdēja par 0,06%, līdz kopējais kriptovalūtu tirgus maksimālais apjoms bija 2,117 triljoni USD.

Bitcoin price extended its increase above the $63,500 zone. BTC even cleared the $64,200 resistance zone. However, the bears were active below $64,500. It traded as high as $64,419 and the price is now correcting gains. There was a move below the $64,000 and $63,500 levels. The price dipped below the 50% Fib retracement level of the upward move from the $61,723 swing low to the $64,41 high. Besides, there was a break below a connecting bullish trend line with support at $63,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $62,500 and the 100 hourly Simple moving average.

Visas nedēļas laikā ASV publicēja vairākus ar nodarbinātību saistītus ziņojumus. ADP ziņojumā norādīts, ka 2024. gada septembrī privātais sektors ir pievienojis 143 000 jaunu darba vietu. No otras puses, nelauksaimniecības algu saraksta (NFP) ziņojums liecināja par jaunu darba vietu pieaugumu par 254 000. Turklāt bezdarba līmenis samazinājās līdz 4,1%. Atbildot uz to, ASV dolāra kurss pieauga, noslēdzot nedēļas augstāku līmeni.
Tikmēr zelts (XAU) un sudrabs (XAG) konsolidējās visas nedēļas garumā. AUD/USD strauji saruka ASV dolāra nostiprināšanās dēļ. ASV publiskos FOMC sanāksmes protokolu trešdien un septembra PCI datus ceturtdien. Turklāt piektdien tiks publicēti septembra PPI dati. Paredzams, ka šie inflācijas rādītāji veicinās zelta, sudraba un AUD/USD tirgus kustības. Neskatoties uz spēcīgo ASV dolāru, zelts un sudrabs uzrāda konsolidācijas modeļus, kas liecina par potenciāli bullish uzstādījumu. Šī bullish iestatījums, visticamāk, nostiprināsies pirms gaidāmajiem inflācijas datu izlaidumiem.