Bitcoin Charts: Three to Keep an Eye on After $5.39B in BTC Transactions

Takeaways:

• Bitcoin’s overall uptrend, and data on the blockchain suggest that market continues to be in expansion.

• Strong dip-buying by “sharks,” The key trends that support the BTC recovery are:

BitcoinBTC() tried to recover one day after the traders had witnessed the biggest single-day wipeout In 24 hours alone, leveraged positions worth $5.39 billion were liquidated, which is double the previous record. “COVID-19 crash” In 2020,

BTC has rebounded by 8.5% as of Saturday. It had dropped to the local low price at $103,000. It is currently down 11% compared to its previous record of $126.300.

Bitcoin’s recovery can it be extended further? Three charts show favorable technical conditions that could lead to a rally within the next few days or even weeks.

Bitcoin’s uptrend is unaffected by the $5.39 billion wipeout

Bitcoin’s recent correction might look drastic on smaller timeframes. But zooming out, it is actually less dramatic than previous pullbacks.

On the weekly chart, BTC has dropped less than 10% so far, notably less than the 14–15% dips seen in March 2025 and July 2024, both of which were followed by strong rebounds.

Bitcoin’s price is still well inside its ascending channel. This bullish structure has been guiding its upward trend since the middle of 2023.

The buyers have been active each time BTC tests the lower border of this channel. This has prompted new rallies to the upper area.

According to analysts, the key level is now near $111,000 – 20-week MA. Michaël van de Poppe.

Bitcoin trading above its 20-week MA could signal a capitulation stage similar to what happened in 2008. COVID-19 crash You can also read about the FTX bottom.

This would be the beginning of the next BTC major uptrend, which will begin with an $140,000-150,000 target for year’s end.

BTC Sharks Buy the Dip

Medium-sized traders, or holders of shares worth $5.39 billion, were also forced to leave the market during Friday’s liquidation. “sharks,” Purchase the dip quickly.

According to the Daily Shark Net Position Change (which tracks wallets that hold between 100-1,000 BTC), it has risen to its highest point since September 2012. Glassnode data.

In addition, Bitcoin supplies held by the exact same cohort have grown exponentially since 2025 and reached a new high record on Friday in spite of the price decline. The more experienced investors may be less worried.

Related: Bitcoin slump may rebound up to 21% in 7 days if history repeats: Economist

This trend of large entities buying Bitcoin could be the foundation for Bitcoin’s future big recoveries if it continues.

Bitcoin Bollinger Bands still “squeezing”

Chartists believe that Bitcoin’s recent Friday correction is more likely to be the mid-cycle cooling off than a start of an extended bear market. The Great Mattsby.

The previous Bitcoin bull runs ended just after their monthly Bollinger BandsAs shown on the graph below, has fully expanded.

When market movements increase, these bands expand and shrink.

Bitcoin’s peak was reached in previous bull cycles including 2013, 2018 and 2021 when the monthly bands were far apart. This signaled a high level of volatility.

At the moment, they are narrowing. “squeezing,” History suggests that this could be the beginning of a new price rally.

Mattsby, The Great said

As a guide, bear markets do not start when monthly Bollinger Bands still squeeze. The bear markets start when the Bollinger Bands are still squeezing.

This article contains no investment recommendations or advice. Each investment or trading decision involves some risk. Readers should do their own research before making any decisions.