Bitcoin Price Holds Steady Amidst Binance Selling Pressure: Breakout Imminent?
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Bitcoin (BTC) has shown remarkable resilience, maintaining its price range between $100,000 and $110,000 despite sustained selling pressure on Binance Derivatives over the past 45 days. Analysis by CryptoQuant contributor BorisVest reveals that the Cumulative Volume Delta (CVD), a metric measuring the net difference between market buy and sell orders, has remained negative. This indicates a dominance of aggressive selling, yet BTC's price has not fallen significantly below $100,000. This suggests that large institutional investors or whales are absorbing the selling pressure. However, a contrasting viewpoint from CryptoQuant analyst Crazzyblockk suggests that new buyer demand is struggling to match the combined supply pressure from newly mined BTC and selling by long-term holders. Despite this divergence in interpretation, several factors point towards a potential Bitcoin breakout. On-chain data shows “weak hands” selling their holdings to larger investors, suggesting a shift in market sentiment. Furthermore, institutional interest in Bitcoin continues to grow. The Bitcoin Yearly Percentage Trend predicts a potential price peak of around $205,000 by the end of 2025. Currently trading at $108,589, Bitcoin's ability to withstand significant selling pressure fuels speculation of an upcoming price surge. The ongoing battle between sustained selling and absorption by larger players keeps Bitcoin's future price trajectory uncertain but potentially bullish.
