After a turbulent week marked by intense selling pressure, Bitcoin (BTC) is finding its footing once again. The leading cryptocurrency has reclaimed key support levels, hinting at the early stages of a potential recovery.
While bulls are cautiously reentering the market, conviction remains measured as the $110K resistance zone — both a psychological and technical hurdle — has yet to be tested.
According to data from CryptoQuant, the current momentum could pave the way for a move toward $115K, provided bullish sentiment continues to strengthen. This rebound comes after a sharp sell-off that briefly pushed BTC below $100K, sparking widespread liquidations and panic among short-term traders.
Now, on-chain indicators are painting a healthier picture:
📉 Spot exchange outflows are rising, suggesting investors are moving BTC into self-custody — a strong sign of renewed holding behavior.
⚖️ Derivatives data shows cooling open interest and lower leverage, both of which historically precede more sustainable uptrends.
In short, the market appears to be stabilizing — and while challenges remain, the groundwork for Bitcoin’s next leg higher may already be forming
