- Bitcoin dropped for 4 days straight, falling from $110K to $104K regardless of robust market optimism.
- If demand holds, BTC might rebound towards $109K; if latest patrons promote, a deeper correction could observe.
For the primary time since March 2025, Bitcoin [BTC] declined for 4 consecutive days, slipping from $110K to a low of $104K.
Nevertheless, regardless of the latest losses, market members are extra enthusiastic than ever earlier than.
Inasmuch so, demand for Bitcoin remains to be rising. In line with Cryptoquant’s analyst Axel Adler, BTC demand is nearing the height ranges of the earlier bull market.
Recent capital retains flowing in
Supply: CryptoQuant
Bitcoin noticed over $1.8 billion in Internet Capital Flows on the twenty ninth of Could, a determine not seen for the reason that November 2021 bull market.
That influx rivals previous cycle tops, the place capital peaked at $3.6 billion close to $73K and hit $4.5 billion at $92K.
Actually, this persistent influx—even at all-time highs—suggests buyers anticipate increased ranges forward, not a market prime.
Whales lead the cost
Supply: Ali Martinez
This conviction is seen on-chain.
Whales have scooped up almost 20,000 BTC during the last two days, whereas over 50,000 BTC exited exchanges—signaling accumulation, not distribution.
This large accumulation is evidenced by the truth that the Bitcoin alternate netflow has remained destructive for a complete for the primary time in 2025.
Supply: CryptoQuant
Seven consecutive days of destructive internet circulate point out that patrons have gained a powerful foothold available in the market. Regardless of Bitcoin’s upward trajectory, it seems that buyers have been buying at the same time as costs improve.
When Bitcoin dipped beneath $110,000, patrons took the chance to build up much more. This pattern means that buyers are keen to take positions no matter whether or not the value of Bitcoin rises or falls.
Brief-term ache, long-term conviction
Regardless of robust fundamentals, BTC’s worth has declined. But, this pullback seems to be extra macro-driven than sentiment-led.
Brief Time period Holder SOPR exhibits promoting strain stays muted, despite the fact that most are nonetheless in revenue.
That implies these holders are usually not panic-selling. Quite, they’re sitting tight, reinforcing the broader bullish construction.
Supply: CryptoQuant
Most market members are at the moment bullish, which means that the latest dip in costs is prone to be short-lived. This demand units the stage for a market restoration, and Bitcoin could bounce again in direction of $109,493.
Nevertheless, if the value continues to say no, it might create panic amongst those that bought Bitcoin between $100,000 and $104,000.
If this group decides to promote to safe their good points, it might result in an extra decline available in the market.
