Bitcoin delays near document highs in the middle of derivative pressures however breakout potential stays

Bitcoin (BTC) remains to display on-chain stamina in spite of a long term period of cost compression between $ 100, 000 and $ 105, 000

According to Fidelity Digital Properties’ VP of research study, Chris Kuiper, the flagship crypto stays in its “Velocity Stage,” a period defined by elevated purse profitability and volatility, even as by-products task dampens upwards momentum.

Bitcoin shut at $ 104, 119 on May 13, with 99 % of addresses in profit. Integrity information shows that 10 days in May have qualified as high-profit, high-volatility sessions. Historically, this stage has actually straightened with breakout activities, consisting of the surge that adhered to the United States political election in late 2020

Despite these problems, Bitcoin has actually been incapable to emphatically breach its top resistance degrees, with closing costs mainly contained within a slim $ 94, 000 to $ 104, 000 band throughout the first half of May.

Derivatives task developing headwinds

According to a May 16 record by CryptoQuant contributor Darkfost, the controlled rate activity originates from structural pressures in the derivatives market.

The report highlighted that collective internet taker quantity, a measure of aggressive trading flow, has actually stayed adverse given that Bitcoin reclaimed the $ 100, 000 level. This discrepancy shows that brief positions have outweighed longs, producing continual selling stress.

The bearish positioning suggests that investors are unconvinced of a near-term relocate to new all-time highs and are proactively wagering against further advantage. As long as this imbalance lingers, Bitcoin’s higher possibility remains capped despite favorable conditions in spot and on-chain markets.

Price stagnancy in the visibility of favorable principles is not unprecedented. However, even solid network signals can be low-key momentarily when derivative circulations overpower spot accumulation.

The present divergence between by-products activity and on-chain earnings highlights the rubbing in Bitcoin’s price discovery process.

Bitcoin volatility hits document low vs. gold

Bitcoin’s low-key cost movement has also led to a historical compression of volatility, which has hit degrees last seen more than 10 years ago.

VanEck’s head of electronic assets research study, Matthew Sigel, kept in mind on May 16 that Bitcoin’s 30 -day volatility has actually dropped listed below gold’s for the first time considering that data tracking started.

Based on Bloomberg incurable metrics, the BBR/GC 1 ratio is now at 0. 857, its most affordable level over a years.

While derivatives positioning stays a near-term barrier, historic patterns suggest that long term periods of volatility reductions have frequently preceded big directional moves.

Whether that appears once again depends upon shifts in taker flow, macro conditions, and liquidity conditions.

Bitcoin Market Data

At the time of press 1: 56 am UTC on May. 17, 2025, Bitcoin is rated # 1 by market cap and the cost is down 0. 55 % over the past 24 hours. Bitcoin has a market capitalization of $ 2 05 trillion with a 24 -hour trading quantity of $ 44 01 billion Learn more regarding Bitcoin’

Crypto Market Recap

At the time of press 1: 56 am UTC on May. 17, 2025, the complete crypto market is valued at at $ 3 28 trillion with a 24 -hour volume of $ 109 93 billion Bitcoin dominance is presently at 62 52 % Discover more about the crypto market’

Stated in this articleLatest Alpha Market Record


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