Bitcoin trades near $105K amid low volatility; analysts offer mixed outlooks
The post Bitcoin trades near $105K amid low volatility; analysts offer mixed outlooks appeared on BitcoinEthereumNews.com. Bitcoin (BTC) trades around $104.5K, down 2% weekly, amid market uncertainty and Mideast tension fears. CryptoQuant warns BTC could revisit $92K or $81K if demand keeps falling. Glassnode sees “quiet” blockchain as network maturation, with institutions driving large-value transfers. Bitcoin (BTC) is trading steadily above the $104,500 mark as the Asian trading week gets into full swing. Despite the ominous backdrop of a potential looming war in the Middle East, the leading cryptocurrency has remained relatively flat on the day with negligible price movement. In fact, over the past full week, Bitcoin is down only a modest 2%, according to CoinDesk market data. This apparent calm, however, is prompting a vigorous debate among market analysts: Is this a sign of underlying strength, or is something more precarious brewing beneath the surface? Three new reports released this week from prominent crypto analytics firms CryptoQuant and Glassnode, along with trading firm Flowdesk, all paint a similar picture of current surface conditions: low volatility, tight price action, and subdued on-chain activity. A notable shift in market dynamics is also evident, with retail participation reportedly waning while institutional players—ranging from Bitcoin ETF investors to large “whale” holders—are increasingly shaping the structure of market flows. It is CryptoQuant, however, that is sounding the most urgent cautionary note. In its June 19 report, the firm argued that Bitcoin could soon revisit the $92,000 support level, or potentially fall as low as $81,000, if current trends of deteriorating demand continue. According to CryptoQuant, while spot demand for Bitcoin is still increasing, it is doing so at a rate well below its established trend. Inflows into Bitcoin ETFs have reportedly dropped by more than 60% since April, and whale accumulation has halved during the same period. Furthermore, short-term holders, who are typically newer market participants, have shed approximately…
The post Bitcoin trades near $105K amid low volatility; analysts offer mixed outlooks appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) trades around $104.5K, down 2% weekly, amid market uncertainty and Mideast tension fears. CryptoQuant warns BTC could revisit $92K or $81K if demand keeps falling. Glassnode sees “quiet” blockchain as network maturation, with institutions driving large-value transfers. Bitcoin (BTC) is trading steadily above the $104,500 mark as the Asian trading week gets into full swing. Despite the ominous backdrop of a potential looming war in the Middle East, the leading cryptocurrency has remained relatively flat on the day with negligible price movement. In fact, over the past full week, Bitcoin is down only a modest 2%, according to CoinDesk market data. This apparent calm, however, is prompting a vigorous debate among market analysts: Is this a sign of underlying strength, or is something more precarious brewing beneath the surface? Three new reports released this week from prominent crypto analytics firms CryptoQuant and Glassnode, along with trading firm Flowdesk, all paint a similar picture of current surface conditions: low volatility, tight price action, and subdued on-chain activity. A notable shift in market dynamics is also evident, with retail participation reportedly waning while institutional players—ranging from Bitcoin ETF investors to large “whale” holders—are increasingly shaping the structure of market flows. It is CryptoQuant, however, that is sounding the most urgent cautionary note. In its June 19 report, the firm argued that Bitcoin could soon revisit the $92,000 support level, or potentially fall as low as $81,000, if current trends of deteriorating demand continue. According to CryptoQuant, while spot demand for Bitcoin is still increasing, it is doing so at a rate well below its established trend. Inflows into Bitcoin ETFs have reportedly dropped by more than 60% since April, and whale accumulation has halved during the same period. Furthermore, short-term holders, who are typically newer market participants, have shed approximately…
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