Bitcoin Holds Above $111K With Rising Volume and No Clear Resistance, Suggesting Possible Bull Market Start
2025-07-11 04:02:54
Main Idea
Bitcoin's price remains stable above $111,000 with rising trading volume and no clear resistance, suggesting the potential start of a bull market.
Key Points
1. Bitcoin is trading consistently above $111,000, supported by a 35.51% increase in trading volume, reaching nearly $60 billion.
2. Bitcoin's market capitalization stands at $2.19 trillion, with a fully diluted valuation of $2.33 trillion, highlighting its dominance in the crypto market.
3. On-chain data shows 100% of Bitcoin holders are approaching the maximum supply of 21 million coins, with 19.89 million in circulation, emphasizing scarcity.
4. Derivatives market activity indicates strong bullish momentum, with $211.46 million in short liquidations and open interest climbing to $78.75 billion.
5. Options trading volume surged by 69.50% to $5.06 billion, further supporting the bullish trend.
Description
Bitcoin maintains a robust position above $111,000, exhibiting no immediate chart resistance and signaling the potential onset of a new bull market. Trading volume has surged by over 35%, reinforcing
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