Bitcoin has experienced sharp volatility in recent days, driven by escalating and escalating geopolitical tensions in the Middle East. Over the weekend, BTC broke below the most important $ 100,000 psychological level following reports of US military strikes at Iranian nuclear power plants and panicked among investors. However, the feeling shifted rapidly when the news of a weapons agreement between Israel and Iran broke, which triggered a strong rally. Bitcoin grew back over $ 105,000 and emphasized the market’s hypersensitivity to global conflict headlines.
Support for this recovery is data from UTXO Block P/L counting relationship of Cryptoquant, which provides insight into investors’ behavior. At the top of $ 112,000 earlier this month, the model recorded a peak to 34,000 points, which signaled a wave of profit -making so many holders sold to strength. Since then, the metric has dropped to only 216 points, which indicates that profitable sales have dried up, and a growing part of the transactions is now being realized at loss.
This displacement indicates that sellers have largely gone aside and buyers are starting to take control of these lower levels. As long as Bitcoin maintains strength over $ 100K, the road forward can benefit a more stable recovery.
Bitcoin eyes stability after volatile overvoltage
Bitcoin is again at an important moment and has increased more than 7% in less than 25 hours to get higher price levels above $ 105,000. While the bounce has renewed hoped jumps, Bitcoin remains in the consolidation area that has defined price measures since May. Despite the aggressive movement, short-term direction remains unclear as global tension in the Middle East and tightening of macroeconomic conditions continue to inject volatility into the market.
Top analyst Axel Adler Shared new insight It highlights a key change in investors’ behavior. According to Cryptoquants UtXo-Block P/L counting ratio, when Bitcoin hit its $ 112,000 All-Time High earlier this month, the model nailed to 34,000 points. This marked a wave of profit -making, as many investors used top values. But the metric has since dropped to only 216 points, which indicates that profitable sales have practically disappeared and that more participants now realize losses.
This steep decline signals that sellers have largely left the market and created room for new buyers to gather at lower levels. The change in behavior suggests that while disadvantages still exist, a sharp price accident is less likely in the short term. With sales pressure cooling and long -term conviction that recurs, Bitcoin seems to enter a more constructive phase.
BTC holds above the key support in the middle of the recovery attempt
The Daily Bitcoin diagram reveals a sharp bounce from $ 98,200 low back to $ 105,000 region and recycles a critical support zone close to $ 103,600. This level had previously served as both support and resistance since March and is now an important battle for bulls. The price fell briefly below the 50-day simple moving average (SMA) but has quickly recovered over it, which signaled renewed short-term strength.
The rejection also comes after Bitcoin tested 100-day SMA (close to $ 96,000), a historically reliable area with buyer interest during corrective phases. However, despite the Hausseian reaction, BTC has not yet recycled the resistance level of $ 109,300, which covered several rally since the beginning of June.
The top of the volume on the latest green light suggests that demand is returning at lower levels, validates data on the chain which indicated that sellers are going aside. Bitcoin still remains in a broad consolidation pattern, and a failure to break over $ 109,300 would keep the current interval -bound structure intact.
In order to signal a real trend use and renewed momentum towards all the time, BTC must close decisive over $ 109,300. Until then, traders should expect continued hack as macro uncertainty and geopolitical events weigh on a short -term feeling.
Featured Image from Dall-E, Chart from Tradingview
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