Bitcoin has experienced a slight recovery after falling below the threshold of $ 100,000 today. From now on, BTC is quoted just above $ 101,000, after a 3.7% decrease in the last 24 hours.
This recent change has not only increased the confidence of investors, but has also caught the attention of analysts who are closely monitoring the data in the chain and the behavior of the headlines in the short term to predict the next movement of the asset and Identify critical support levels.
Significant support level for Bitcoin
Yonsei Dent, a collaborator of the Cryptoquant Quicktake platform, has highlighted crucial metrics that suggest that short -term headlines (STH) could have a significant impact on determining Bitcoin’s immediate support levels.
In his recent analysis, Dent identified $ 89,900 as a vital support level for holders who have maintained BTC for a period that varies from a week to six months. He pointed out that most short -term holders are currently with profits, which reduces the possibilities of a sudden increase in sales pressure.
However, Dent also acknowledged that the headlines in the range of three to six months have loss. However, its limited market share, 9.4% of the limit made, limits its ability to interrupt the dynamics of the broader market.
Dent’s research indicates that the level of $ 89,900 acts as a technical support zone and in the chain. With continuous market volatility, this support level becomes increasingly critical. It is likely that any breach or rebound of this range attracts significant attention of merchants and analysts.
The data suggests that minor setbacks may not activate the generalized sale of panic, which helps maintain market stability around this price.
With highly compressed volatility, where is the key level of STH support?
“This suggests that $ 89.9K could be a stable support zone, even in the midst of short -term setbacks.” – By @Yensei_dent
Link
pic.com/inlbmris78
– Cryptoquant.com (@cryptoquant_com) January 27, 2025
The main market actors choose to have their BTC holdings
Meanwhile, another cryptocant analyst, Grizzly, provided more information on the behavior of long and short term. According to Grizzly, the SOPR relationship, which measures the relationship between long and short term holders, has not seen a significant increase during this implementation of bull compared to the previous cycles.
This trend can suggest a change in market dynamics as Mature Bitcoin. As more cycles occur, investors seem less inclined to speculative commercial activities. Instead, they seem to adopt a more prudent approach, seeing Bitcoin as a long -term investment instead of a rapid benefit strategy.
In addition, Grizzly stressed that institutional participation in Bitcoin has fundamentally transformed market dynamics. With more capital move to Bitcoin portfolios instead of exchanges, there is a remarkable decrease in immediate sales pressure.
This evolutionary trend, together with an investor base in maturation, indicates that Bitcoin could enter a new phase characterized by periods of prolonged possession and reduced speculative fluctuations.
Outstanding image created with Dall-E, TrainingView graphics
