Bitcoin Silent Waiting at 100 Thousand Dollars: Are the Footsteps of a Big Move Coming?

Bitcoin (BTC) is experiencing a silent consolidation process at the critically important $100,000 level. Despite the price briefly dropping to $98,000 in recent days, it regained the psychological resistance point, drawing the attention of investors. However, despite this rise, the potential for a double top formation and weakening general market sentiment are leading investors into a cautious wait.

Especially long-term investors prefer to wait and maintain their positions rather than sell in the current environment. This indicates that there has not yet been a serious profit realization process in the market.

On-chain Data: Is the Silence Before the Storm?

The latest report published by CryptoQuant analyst vocado_onchain reveals that Bitcoin’s current consolidation may herald a possible major move. The analyst particularly emphasizes the Binary CDD (Coin Days Destroyed) indicator.

According to data, the 30-day moving average of this indicator is currently around 0.6. This shows that long-term investors are holding onto their BTC instead of selling, and the market has not yet reached the "overheating" level.

Looking at historical data, when the Binary CDD exceeds the level of 0.8, it usually indicates a period when the likelihood of a market correction increases. The current level is well below this threshold, suggesting that the silence in the market may be a calm phase before a significant price movement.

Can History Repeat Itself?

As seen many times in the cryptocurrency markets in the past, sudden and strong upward movements often come after volume-less, calm periods. In this context, Bitcoin’s current stagnation is being closely monitored by analysts. These periods of reduced interest and lower volatility may lay the groundwork for a major breakout.

In summary, Bitcoin is currently moving towards a decision point. While the psychological barrier of $100,000 is maintained, on-chain data shows that there is still a balance in the market. This silence could herald a new upward trend in the coming weeks or days.


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