BTC Trades 7% Above ST Cost Basis, Eyes $130K Target
The post BTC Trades 7% Above ST Cost Basis, Eyes $130K Target appeared on BitcoinEthereumNews.com. Key Points Bitcoin holds a 7% premium above its short-term cost basis near $90K, signaling continued bullish momentum. BTC consolidates between $114.6K–$117.1K with rising sentiment (68.8%) and low trade volumes ahead of FOMC. Crypto treasury holdings doubled to $25B in Q3 2025, with Bitcoin remaining the dominant asset in institutional portfolios. Bitcoin is trading at $108.9K, maintaining a 7% premium over its short-term cost basis near $90K. This reflects a steady bullish trend, even as momentum cools from early 2025’s overheated 20% premium highs. Price Action Remains Constructive Amid Tight Range BTC price is consolidating between $114.6K and $117.1K, with highs and lows gradually shifting higher. The price consistently holds near the upper band, signalling persistent buyer interest and limited downside testing. BTC 24h Change Analysis | Source : CryptoQuant Moreover, the median 24-hour level continues to trend upward, reinforcing the underlying strength in market structure. However, no clear breakout has occurred yet as traders await a macro trigger. Trade volumes remain moderate, staying mostly under 30K BTC, which signals hesitation among participants. But the tight range and rising midpoints indicate a potential for breakout if broader market cues align. Sentiment and Structure Support Further Upside The Advanced Sentiment Index is at 68.8%, just below the High Bull Sentiment threshold of 70%. This shows that optimism currently outweighs fear, supporting bullish positioning in the market. Since late August, sentiment has climbed from bearish levels around 20–30% to a strong regime above 60%. This shift has paralleled Bitcoin’s move from $108K to the current $115K–$117K range. Bitcoin Advanced Sentiment Index | Source : CryptoQuant Given this trend, sentiment provides a favorable backdrop for further price appreciation. A dovish or neutral FOMC statement may serve as the breakout catalyst traders are anticipating. Still, the premium remains an important risk marker, as past…
The post BTC Trades 7% Above ST Cost Basis, Eyes $130K Target appeared on BitcoinEthereumNews.com.
Key Points Bitcoin holds a 7% premium above its short-term cost basis near $90K, signaling continued bullish momentum. BTC consolidates between $114.6K–$117.1K with rising sentiment (68.8%) and low trade volumes ahead of FOMC. Crypto treasury holdings doubled to $25B in Q3 2025, with Bitcoin remaining the dominant asset in institutional portfolios. Bitcoin is trading at $108.9K, maintaining a 7% premium over its short-term cost basis near $90K. This reflects a steady bullish trend, even as momentum cools from early 2025’s overheated 20% premium highs. Price Action Remains Constructive Amid Tight Range BTC price is consolidating between $114.6K and $117.1K, with highs and lows gradually shifting higher. The price consistently holds near the upper band, signalling persistent buyer interest and limited downside testing. BTC 24h Change Analysis | Source : CryptoQuant Moreover, the median 24-hour level continues to trend upward, reinforcing the underlying strength in market structure. However, no clear breakout has occurred yet as traders await a macro trigger. Trade volumes remain moderate, staying mostly under 30K BTC, which signals hesitation among participants. But the tight range and rising midpoints indicate a potential for breakout if broader market cues align. Sentiment and Structure Support Further Upside The Advanced Sentiment Index is at 68.8%, just below the High Bull Sentiment threshold of 70%. This shows that optimism currently outweighs fear, supporting bullish positioning in the market. Since late August, sentiment has climbed from bearish levels around 20–30% to a strong regime above 60%. This shift has paralleled Bitcoin’s move from $108K to the current $115K–$117K range. Bitcoin Advanced Sentiment Index | Source : CryptoQuant Given this trend, sentiment provides a favorable backdrop for further price appreciation. A dovish or neutral FOMC statement may serve as the breakout catalyst traders are anticipating. Still, the premium remains an important risk marker, as past…
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