#Bitcoin is just 3% away from the long-awaited $100,000 milestone, with market activity remaining robust. ETF (Exchange-Traded Fund) inflows continue at full speed despite the price nearing its all-time high (ATH). Yesterday alone, there was a net inflow of $773 million, reflecting unwavering confidence from institutional investors.
Spot purchases are also supporting this momentum. Coinbase began its buying activity around $49,000, while Binance started accumulating after the $80,000 level. Both exchanges remain actively engaged, underscoring Bitcoin’s strong backing from institutional and retail players alike. #BTC100KToday?
Current Market Data and Trends
The latest data highlights a consistently positive outlook in the market:
• Whale Activity: Remains in the positive zone (+20), showing sustained buying interest from major investors and long-term confidence.
• Spot CVD (Cumulative Volume Delta): Continues to rise, indicating a dominance of buyers and decreasing sell pressure.
• Short Liquidations: Ongoing liquidations are clearing the way for upward price movements.
• Funding Rates: Remain at normal levels, suggesting a healthy and sustainable market environment.
• ETF Inflows: Persistent and strong, bolstering long-term confidence and liquidity in the market.
Approaching the $100,000 Target
Back when Bitcoin was consolidating around $60,000, I emphasized that the data remained bullish and projected a target range of $95,000-$105,000. Now, with Bitcoin entering this target zone, the probability of further upside remains high.
However, this range should be closely monitored for the formation of new trends, patterns, or price movements, which could determine the next price targets. If Bitcoin consolidates at this level, attention may shift toward the altcoin market, where significant profit opportunities could arise.
New Targets and Key Observations
If Bitcoin consolidates around these levels, it may establish a solid support base for the next phase of its rally. In the coming days, it’s important to monitor the following factors:
• The continuity of ETF inflows,
• Sustained whale activity in the positive zone,
• Momentum in spot buying activity.
These indicators will be critical in setting new targets for Bitcoin and devising strategies for the altcoin market.
#Altcoins Opportunities on the Horizon
When Bitcoin is in a strong upward trend, the altcoin market typically takes a back seat. However, once Bitcoin consolidates, attention tends to shift to altcoins. This phase often creates profitable opportunities, particularly in:
• Altcoins with solid fundamentals,
• Projects with lower market capitalization,
• $BTC pairs showing recovery signs.
Mid- and low-cap altcoins can experience rapid gains during Bitcoin’s periods of consolidation, making this an ideal time to assess market opportunities.
Final Thoughts and Current Updates
With Bitcoin hovering near $100,000, this is a critical time to closely monitor market dynamics and position accordingly.
Wishing everyone a great day and profitable trades!