BitcoinBTC() experienced a sudden drop below $67,000 during Monday’s session, following a weekend rally that saw it rise above $75,000 BTC data showing aggressive bidding and data from onchain indicating a long-term increase in accumulation may lead to a recovery.
Analysts now say the move may extend toward the $80,000–$84,000 region, with order book liquidity playing a key role in the next move.
Takeaways from the conference:
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Bitcoin addresses holding over 372,000 BTC at the end of February 2015, up from just 10,000 BTC as recently as September 2024.
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BTC’s order books reveal the biggest bid-skew since over two years. This indicates a greater near-term demand.
Order book and Bitcoin Futures data supports $80,000 Retest
Mark Cullen, Crypto Analyst said Bitcoin is likely to move up towards the CME (Chicago Mercantile Exchange), early February gap. His upper price goal for this week ranges from $80,000-$84,000.
CME gaps are created when Bitcoin futures trade on the Chicago Mercantile Exchange (CME) close over the weekend. They then reopen with a slightly different price. The price range is left without traded volume.
Bitcoin previously has revisited this gap to “fill” The price will trade back to that range if it is not tested.
It is clear that the current CME gap lies between $84,000 and $80,000. With 9 out of 10 CME gaps filled since August 2025, the $80,000–$84,000 range stands out as the key unfilled level.
Order book data shared by crypto trader Dom shows roughly $596 million in bids within 0–2.5% of price versus $297 million in asks. The nearly 2:1 imbalance between bids and asks is the most significant bid deviation in two years.
This bid-to-offer skew indicates a stronger demand for the immediate future than supply. If sustained, this can lead to a trend of short term upward movement.
Dom stated that traders were reluctant to purchase during the steep drop. The demand for Bitcoin increased near its lows after Bitcoin fell below $60,000. This indicates a growing desire to accumulate at reduced prices.
Related: Metaplanet revenue jumps 738% as Bitcoin generates 95% of sales
BTC demand reaches new heights
CryptoQuant data shows The demand for information from classified addresses “accumulators” On February 15, the price of bitcoin reached a new record high at 372,000 BTC. This figure is expected to be around 10,000 BTC in September 2024.
Crypto Analyst Darkfost explained The addresses that are listed here have been filtered according to strict criteria. This includes: No outflows. Multiple inflows. Minimum balance. At least one period of activity in the previous seven years. Exclusions include exchange wallets.
Meanwhile, the long-term holder LTH distribution 30-day total, which represents the BTC volume moved by holders of long-term contracts over a rolling 30 day period, is now below $100,000. In November 2025, this figure was above $1,000,000.
Reduced sales from LTHs may partially compensate for whale inflows.
Related: $75K or bearish ‘regime shift?’ Five things to know in Bitcoin this week
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Source: cointelegraph.com
