Bitcoin’s recovery from $100,000 was accompanied by a rising RSI and strong Fibonacci support zone, suggesting deep confidence in this bounce.
The surge in Open Interest coupled with neutral Funding volatility implies traders are preparing for a big breakout.
Since mid-June, Bitcoin [BTC] has shown impressive resilience as it firmly reclaimed support above $100,000.
Over $240 million in BTC has been withdrawn from exchanges, a strong signal of aggressive accumulation rather than panic.
The most notable change comes from cryptocurrency miners.
As miners stop taking profits, smart money starts listening
Miner to Exchange Flows on BTC.com Drop to Yearly Low Even as Price Holds Above $100,000
History shows that this is one of the most reliable sell indicators.
At the time of writing, Bitcoin is trading around $106,654, the convergence of miner confidence and whale accumulation paints a clear bullish picture.
Source: CryptoQuant
These signals suggest that long-term investors are quietly preparing for a potential breakout, while short-term volatility remains in play. Are these key players slowly laying the groundwork for Bitcoin’s next macro rally?
Are traders increasing bets as volatility revives?
Meanwhile, Open Interest increased by 4.07% in 24 hours to $33.97 billion on derivatives platforms. This increase shows that traders are returning to the market with new leverage.
However, the lack of major price movements alongside this growth signals an accumulation phase forming.
This difference is often the precursor to a volatile breakout, especially when Funding Rates remain in equilibrium.
In fact, Funding Rates remained slightly negative at -0.0009%, reflecting healthy long/short cash flows that were not overloaded.
Source: CryptoQuant
Network activity increases, but restructuring is underway
Address metrics paint a mixed picture. Active Addresses increased by 5.84% over the past week, reflecting more active user engagement.
In contrast, New Addresses fell 1.25%, clearly indicating that recent activity has come mainly from existing investors, not new ones.
Notably, Zero Balance Addresses spiked 13.24%, likely due to wallet consolidation or redistribution, rather than panic selling.
This complex chain of behavior suggests more of an internal restructuring within the existing community than a rush of new investors. However, the increase in usage suggests a solid foundation for sustained demand should general interest return.
Source: IntoTheBlock
Why is BTC scarcity skyrocketing?
If supply is the determining factor of value, then BTC’s Stock-to-Flow (S2F) ratio just sent a strong signal as it hit 757 – a record high in recent years.
History shows that major bull cycles often go hand in hand with soaring S2F ratios, especially when accompanied by strong accumulation trends.
Combined with growing demand, this scarce environment creates favorable conditions for sustainable long-term value growth.
Source: Santiment
Can Bitcoin Reclaim Higher Prices After Bounce From $100,000?
Bitcoin has found solid support around the $100,000–$102,000 level, which coincides with a key Fibonacci cluster.
The market is responding positively, with the price bouncing above $106,000 and the RSI rising to 54.12, signaling renewed strength but not yet overbought. If the bulls maintain their momentum, the next key resistance levels are at $110,000, $112,000, and $119,000.
Therefore, a bounce from this strong support zone combined with positive momentum could fuel a test of higher Fibonacci levels in the short term.
Source: TradingView
In short, the recent stability of BTC price above $100,000 is not accidental, it is backed by decreasing miner inflow, strong Open Interest, and deep on-chain accumulation.
The convergence of easing selling pressure, peaking scarcity, and technical recovery momentum is setting a solid foundation for the next leg of the rally.
Source: https://tintucbitcoin.com/bitcoin-surpasses-106k-usd-4-factors-to-recover/
Thank you for reading this article!
Please Like, Comment and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
