The data suggests that Bitcoin traders are currently looking to accumulate between $100,000-$200,000.

The key takeaways

•  Bitcoin’s outflow/inflow monthly ratio dropped to 0.9. This signals renewed confidence in the long term and increased accumulation.

• BTC is still trading in the tight range of $100,000 to $110,000 despite aggressive short side pressure.

• More than 19,400 BTC have been moved to institutional wallets. This indicates that long-term investors are strategically positioning themselves.

Bitcoin (Bitcoin) has now surpassed the $100,000 mark.BTCPrice has closed each day over the psychological level. BTC’s range deviance dropped to $98,300 in June 22. However, the crypto-asset is still close to its new highs of $111 800. 

A price drop of 9% to $100,000 may not be a big deal, but one indicator suggests the $100,000-$110,000 range could represent the bottom for BTC before it enters a new parabolic stage in 2025’s second half. 

CryptoQuant Data indicated Market activity indicates a renewed confidence in the long term. Data from onchain shows that outflows are significantly more than inflows. The monthly outflow/inflow ratio has fallen to 0.9, a level not seen since the end of the bear market in 2022 and one that historically signals strong demand.

The ratio measures how coins are moving in and out of exchanges. It is a good indicator for sentiment. The reading of a ratio below 1 indicates that the investors have moved assets from exchanges. Historically, values over 1.05 corresponded to increased selling pressure and market tops.

The latest decline is similar to that seen back in December 2022. Bitcoin has reached its macro-bottom near $16,500. This inflection mark preceded an extended multi-month rally. It supports the theory that a low price ratio is often accompanied by a price change.

It is clear that a bottom structure has formed, given the dominance of current outflows. If past patterns are repeated, Bitcoin could be nearing a pivotal demand-driven point that will mark its next bullish phase.

Related: Bitcoin news update: BTC range tightening hints at price break to new highs

Bitcoin absorbs the pressure of short sellers

Despite sustained sell-side aggression on Binance derivatives over the past 45 days, Bitcoin has held its ground within a tight $100,000–$110,000 range. Cumulative Volume Delta (CVD) data remains Negative, indicating consistent pressure on short sellers from the takers. The price is unable to fall further, which suggests this flow has been absorbed.

The onchain movement that points towards institutional change may strengthen this structure resilience. As observed Maartunn is a crypto analyst who has noted that on Tuesday, more than 19,400 BTC valued at approximately $2.11 billion were transferred from inactive wallets to institutional addresses. These coins had been dormant in wallets for up to seven years.

Typically, such transfers do not occur impulsively. In many cases, such activities are associated with strategic positioning. This suggests that big entities might step in when the prices remain stable amid short-term pressure.

Bitcoin’s persistent selling, the muted reaction to the downside, and massive accumulation all support this argument. Although short-term volatility is likely to persist, an underlying demand, perhaps institutional, may make a sudden correction below $100,000 increasingly unlikely.

Related: Bitcoin price gained 72% and 84% the last two times BTC holders did this

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.