Bitcoin has faced its first four-day drop since March 2025, falling from $110,000 to a low of $104,000. In spite of this decline, capital inflow remains strong, with over $1.8 billion moving into Bitcoin on May 29, 2025. According to analyst Axel Adler from Cryptoquant, this figure is reminiscent of previous market peaks, indicating that many investors anticipate further gains rather than a peak market.
Recent activity shows that whales have purchased approximately 20,000 BTC over the last couple of days, and more than 50,000 BTC has been withdrawn from exchanges, highlighting a trend of accumulation rather than liquidation. This trend is evident as Bitcoin's net exchange flows exhibit a rare negative streak, illuminating a stronger buying sentiment among market participants.
The price dip does not reflect panic among short-term holders, as demonstrated by muted selling pressure despite the profit margins still in play. Most investors seem to maintain their positions with a bullish outlook, suggesting that this pullback may not last long. Analysts propose that the key resistance level to watch is around $109,493. However, should the price fall below the recent $100,000 to $104,000 buying range, it may trigger selling among those keen on securing immediate gains, further influencing Bitcoin's market trajectory.
Recent activity shows that whales have purchased approximately 20,000 BTC over the last couple of days, and more than 50,000 BTC has been withdrawn from exchanges, highlighting a trend of accumulation rather than liquidation. This trend is evident as Bitcoin's net exchange flows exhibit a rare negative streak, illuminating a stronger buying sentiment among market participants.
The price dip does not reflect panic among short-term holders, as demonstrated by muted selling pressure despite the profit margins still in play. Most investors seem to maintain their positions with a bullish outlook, suggesting that this pullback may not last long. Analysts propose that the key resistance level to watch is around $109,493. However, should the price fall below the recent $100,000 to $104,000 buying range, it may trigger selling among those keen on securing immediate gains, further influencing Bitcoin's market trajectory.
