Bitcoin has demonstrated notable resilience, maintaining its price level above $110,000 amidst significant exchange inflows totaling approximately 40,000 BTC. This movement involved transfers from wallets inactive for a decade, typically signaling potential selling pressure.
Market indicators, however, suggest a balanced equilibrium. Funding rates remain neutral, reflecting a lack of strong conviction from either leveraged longs or shorts.
Simultaneously, Open Interest on major exchanges like Bybit continues trending upwards, pointing to sustained market participation and deployment of capital.
Analysts observe that this confluence of stability at a key psychological price point, significant token movement, neutral funding, and rising Open Interest often precedes sharp directional moves in the market.
Profit-taking activity persists as both bullish and bearish participants closely monitor these developments, anticipating the next decisive move for the leading cryptocurrency.