Bitcoin price (BTC), despite reaching close to $100,000 in recent weeks, is struggling to break through this critical threshold. Despite strong buying by institutional investors, long-term investors are increasing the pressure on the price. In addition, the increase in short-term interest of investors is also increasing volatility . This creates a complex picture regarding the direction of the market.
Selling Pressure from Long-Term Investors
The selling of long-term investors in the last month has increased the resistance on Bitcoin. According to the data, this group sold a total of 827,783 BTC , increasing the pressure on the price. These sales make it difficult for the market to recover and attract the attention of investors.
On the other hand, institutional players continue to make large purchases. MicroStrategy bought 149,880 BTC in the same period, and there was a total inflow of 84,193 BTC into spot Bitcoin ETFs. However, these purchases do not seem to be enough to cover the selling by long-term investors. This suggests that the price needs more institutional support to continue its upward movement.
Bitcoin Price and Strength of Investor Demand
The recent surge in Bitcoin price is largely due to investor interest in the market. According to the data, demand has supported the market rally, reaching a yearly peak in the last 30 days . The increased trading volume helps the price stabilize at a certain level.
Short-term investors are supporting price movements by purchasing a large portion of the supply. It is particularly noteworthy that open interest in altcoin and Bitcoin futures has reached $53.3 billion and $30.6 billion, respectively. This indicates that the market may experience more volatility in the short term. However, continued demand is a critical factor for the continuation of the rise.
Risk Signals and Excessive Greed
The Crypto Fear & Greed Index has risen to 84, indicating “excessive greed” in the market. Such levels are usually associated with periods of sudden price corrections. Investors are advised to proceed with caution during this process. It is very important to pay attention to volatility and risks in cryptocurrency markets.
In addition, metrics such as Sell-Side Risk Ratio and Net Taker Volume increase the probability of the market reaching a top. Economic data from the US such as inflation and Producer Price Index (PPI) may further increase volatility in the market. These data are likely to have a decisive impact on the future direction of Bitcoin and altcoin markets. As Kriptokoin.com, investors should carefully monitor market dynamics and macroeconomic data.
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