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Bullish Divergences Push BTC to $113K As Whales Sell Supply
Crypto Trends

Bullish Divergences Push BTC to $113K As Whales Sell Supply

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Key takeaways:

  • Bitcoin bounced to $113,900 after testing weekly lows, fueled by bullish divergences.

  • Whale-sized entities have sold 147,000 BTC since August, signaling supply pressure.

  • Bitcoin options implied volatility hit multi-year lows, hinting at a potential explosive move.

Bitcoin (BTC) staged a swift recovery to $113,900 on Wednesday after sweeping below Monday’s low of $111,500 and briefly testing the $111,000 mark on Binance during the Asia trading session. The bounce signaled an early attempt at mid-week recovery, supported by emerging bullish signals on the charts.

Bitcoin six-hour chart. Source: Cointelegraph/TradingView

One of the key drivers behind the rebound is the bullish divergence between the relative strength index (RSI) and the BTC price on the one-hour and four-hour charts. A bullish divergence occurs when the price registers lower lows while the RSI forms higher lows, often indicating a waning bearish momentum and potential for a reversal.

The recovery also coincided with Bitcoin retesting its daily order block, providing a technical base for a possible push toward $115,000. Still, stronger confirmation is needed.

A four-hour candle close above $113,400 would signal a clear shift from bearish to bullish structure. Additionally, reclaiming the 200-period exponential moving average (EMA) on the four-hour chart would reinforce positive momentum. 

Bitcoin bullish divergence analysis. Source: Cointelegraph/TradingView

Crypto traders offered mixed reactions to the move. MN Capital founder Michaël van de Poppe noted the strength of the rebound, stating,

“Good sweep of the lows for Bitcoin and it holds up. Breaking the 4H 20 EMA would be great for upwards momentum. Strong bounce.”

Crypto trader Crypto Chase cautioned that Bitcoin must reclaim the $113,400 to $114,000 range with conviction, or else the recent gains could unravel, sending BTC back toward $107,000.

Related: Bitcoin Bollinger Bands tighter than ever as trader eyes $107K ‘max pain’

Big Bitcoin holders trim positions as implied volatility hits a two-year low

While Bitcoin’s short-term recovery is gaining traction, broader onchain trends reveal diverging signals. Earlier, Cointelegraph reported that whale entities holding 1,000 BTC or more have sold off roughly 147,000 BTC, worth $16.5 billion, since Bitcoin’s all-time high above $124,500 in August.

The 2.7% reduction in holdings highlighted sustained selling pressure from large investors, often interpreted as a headwind for price recovery.

Yet, other market indicators suggest the broader environment remained unusually quiet rather than decisively bearish. XWIN Research pointed out that Bitcoin’s implied volatility has dropped to its lowest levels since October 2023, a period that preceded a 325% rally from $29,000 to $124,000 for BTC.

Bitcoin Volmex Implied Volatility one-week chart. Source: Cointelegraph/TradingView

The analysis described the current setup as a potential “quiet before the storm,” where low volatility and muted trader positioning may be storing momentum for a decisive move.

Supporting this view, CryptoQuant data underscored exchange reserves hovering at multi-year lows, leaving fewer coins available for selling. Meanwhile, Bitcoin’s Market Value to Realized Value (MVRV) ratio sits near the neutral zone, implying limited pressure for either panic-selling or aggressive profit-taking.

Together, these factors painted a market caught between whale-driven distribution and a structural backdrop of tightening supply. 

Related: Bitcoin bull cycle enters ‘late phase’ as profit-taking metrics spike

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.



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Bitcoin price crashes under $113k amid weak on-chain metrics and rising altcoin flows
NFT Gaming

Bitcoin price crashes under $113k amid weak on-chain metrics and rising altcoin flows

by admin



Bitcoin price is once again under pressure as weakening technicals and on-chain fatigue weigh on the market. The decline comes amid signs of capital rotation into altcoins, adding to pressure on the flagship cryptocurrency.

Summary

  • Bitcoin price has again fallen below $113,000, down 2.5% on the day
  • On-chain data shows profitability exhaustion and weakening BTC’s institutional appeal.
  • Despite rotation hopes, the Altcoin Season Index has dropped to 64, signaling cooling interest despite earlier surge.
  • Top altcoins are also falling sharply, with ETH, XRP, SOL, DOGE, and ADA down 5–11%.

Bitcoin slipped below the $113,000 mark on Monday, sparking renewed concerns across the crypto market. According to market data from crypto.news, the asset trades at $112,909 at press time, down roughly 2.5% on the day. This decline marks a strong retreat from its high point near $118,000 this week, now placing its losses over the past seven days to 3%, highlighting growing volatility and uncertainty surrounding the flagship cryptocurrency.

Bitcoin price chart | Source: crypto.news

Bitcoin (BTC) has struggled to maintain upward momentum over the past week. Persistent resistance and weakening buying pressure have fueled the decline in price, now accelerating its losses to levels last seen over a week ago.

Weak technicals and on-chain fatigue fuel Bitcoin price crash

Technical indicators paint a cautious picture. Bitcoin’s Relative Strength Index (RSI) has slipped to 45.57, indicating a loss of momentum. Meanwhile, the MACD has crossed downward, reflecting bearish sentiment as buying pressure fades. Additionally, futures volume has surged 137.2% to $72.97 billion, suggesting heightened speculative activity as traders attempt to capitalize on the volatility.

On-chain metrics further reinforce the bearish outlook. A recent analysis by CryptoQuant researcher Joao Wedson, points to signs of cycle exhaustion. According to him, Bitcoin’s SOPR (Spent Output Profit Ratio) Trend Signal suggests profitability is drying up. The analyst warns that accumulation at current levels is unprecedented, with many investors buying BTC at historically high prices rather than during earlier, more favorable periods.

Joao also noted that the Short-Term Holder Realized Price, currently at $111,400, is now acting as a major reference point especially for institutions that missed earlier accumulation phases. He further stated that the Sharpe Ratio, a measure of risk-adjusted returns, has weakened compared to 2024, making Bitcoin less attractive to large institutional players.

A drop in social interest around BTC is adding to the bearish outlook. Joao noted that altcoins are more likely to reignite public attention, with the market potentially rotating out of Bitcoin and into altcoins using reserves built up during earlier rallies.

“We are in an Altcoin Season, and that’s where your attention should be,” he added.

Altcoins under pressure despite rotation narrative

But despite the analyst’s optimism around altcoins, current market signals suggest otherwise. The Altcoin Season Index, which had surged to 78 last week, has dropped to 64, hinting at a cooling sentiment.

In terms of price action, several of these assets have also retreated to negative price territory, similar to Bitcoin. Ethereum (ETH) is down 7.23% over the past 24 hours, trading at $4,158.99 at the time of writing, while XRP (XRP) has dropped roughly 7.25% to $2.79. BNB (BNB), despite recent bullish momentum has also dipped 5.09% to $1,014. Solana (SOL) is down nearly 8%, while Dogecoin (DOGE) has posted losses over 11%, with other majors like Cardano (ADA) and TRON (TRX) also posting significant losses.

Adding to market caution, the Crypto Fear and Greed Index now reads 47, marking “Neutral” territory but edging toward fear. For now, both Bitcoin and the wider altcoin market remain under pressure, with traders waiting for clearer signals before re-entering in force.



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NFT Gaming

Institutional Bets Grow Even as Bitcoin Consolidates Below $113K: Analysts Explain Why

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin (BTC) trades around $112,260, consolidating within a tight range as investors weigh bullish technical setups against global macroeconomic headwinds.

The leading asset moved between an intraday high of $113,138 and a low of $110,812, showing the tight range that has dominated trading in recent sessions.

Key momentum indicators suggest cautious optimism. Support remains firm at $110,000, while moving averages at $109,300 and $101,000 strengthen the bullish case.

On the upside, resistance at $113,000–$115,000 remains the next crucial hurdle, with analysts noting that a breakout above this band could unlock renewed momentum.

BTC’s price trends to the upside on the daily chart. Source: BTCUSD chart from Tradingview

Institutional Bets Boost Bitcoin Confidence

Institutional activity continues to shape sentiment despite mixed price action. Market watchers highlight growing expectations of U.S. Federal Reserve rate cuts following weaker jobs data as a stabilizing force for Bitcoin.

Meanwhile, liquidity inflows from crypto ETFs and corporate treasury allocations remain a significant driver of demand.

Japanese firm Metaplanet Inc. recently raised $1.4 billion to expand its Bitcoin holdings, growing its reputation as a proxy play for investors in Asia. Analysts draw parallels to MicroStrategy’s long-term accumulation strategy, noting that such moves show institutional conviction even as spot prices consolidate.

ETF data also paints a complex picture. Fidelity’s spot Bitcoin ETF recently saw $55.8 million in outflows, signaling short-term caution among investors. However, the broader trend of institutional accumulation suggests confidence in Bitcoin’s role as a hedge and long-term store of value.

Analysts Expect Breakout Potential

Despite near-term hesitation, analysts remain cautiously bullish. Many point to accumulation patterns and resilient demand as signs that Bitcoin is preparing for its next decisive move. If BTC can reclaim and sustain levels above $115,000, it could confirm the start of a new rally phase.

For now, consolidation remains the dominant theme, with macroeconomic policy, ETF flows, and institutional strategies dictating the pace of the next breakout. As one analyst put it, Bitcoin’s ability to attract long-term institutional bets during uncertainty may be the clearest sign yet that its next major move is only a matter of time.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin Holds $113K Support, Can Btc Break Above $117.5K?
GameFi Guides

Bitcoin Holds $113K Support, Can BTC Break Above $117.5K?

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The largest crypto asset by market capitalization, Bitcoin (BTC) is currently trading at $113,132 and showing resilience despite facing selling pressure in recent trading sessions.

The bulls are aggressively defending the price zone above $110,000, keeping the long-term view of a bullish movement as price action has formed a down-sloping channel pattern.

As the technical indicators point to the possible momentum and strong support areas hold, will investors witness a major price action in the price of BTC?

BTC ETF Shows Strength Despite Recent Outflows

With notable volatility in inflow and outflow of funds, the on-chain data shows a trend pattern. During the last month, Bitcoin experienced high purchase and intense selling activities especially during the close period of August where outflow peaked.

Despite recording 3 consecutive days of outflow, the overall net assets are at a high level of $146.18 billion, indicating confidence of long-term holders in the crypto market. Notably, trends of this nature are often recorded prior to large movements in price as the amount of liquidity in and out of the market shifts during this period.

Bitcoin Forms Strong Support At $112,000?

When looking at the chart from TradingView, Bitcoin moved within a dropping channel on the 4-hour time frame after it witnessed a major rejection around the $120,000 level. This type of structure hints at a short-term fix, but in the larger picture, it is considered bullish.

Overall, the structure suggests the favor of the accumulation, and traders impatiently wait for confirmation of a divergence of the trend to upside to start a sizable leg higher.

The MACD (Moving Average Convergence Divergence) is displaying indications of leveling off as it has approached the signal line, necessarily pointing to a possible change in the pace toward the positive side.

In the meantime, the volume of trades is going down and this can be the beginning of a good directional move. Exponential Moving Averages (EMA) are also showing positive setup to support the upward direction. If the rebound sustains enough to push price above 20-day EMA, a range bound action between the 20-day and 500-day EMA, which are currently at around $114,800 to $116,800 respectively.

Moreover, with the 50-day & 200-day trendlines showcasing a bullish convergence, the trend suggests a rising momentum.

Bitcoin Micro Cycle Risk, Source: Willy Woo/X

Despite dropping to $112,500 from a top of around $124,500, the Micro Cycle Risk (MCR) signal line is easing. This suggests that the investor’s liquidity is returning in the market. If this trend continues, the bitcoin price may record a potential upward price action shortly.

According to on-chain data from glassnode, over 20,000 BTC held for less than 155 days were sold at a loss in the past week, with loss-taking peaking on Tuesday with 23,520 BTC sent to exchanges. 

A move out of the channel and a successful retest at $117,500 would confirm the resumed bullish stance and an entry into $120,000 and potentially $124,500.

Considering the Bitcoin chart, the nearest support stands at $112,000. This price point plays an important role as historically the demand has constantly increased at this point.

Also Read: Crypto Market Structure Bill to Hit Trump’s Desk Before Year End

Disclaimer: The Crypto Times does not endorse or promote this digital asset in any manner. This article was created only for educational purposes. Make sure to “DYOR” as the market is highly volatile. New positions should be done by traders being careful and awaiting volume-backed breakouts.



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