#BinanceTurns8
Bitcoin metric says that $100,000 was the bottom: When will a rally towards new highs begin?.
The Bitcoin inflow/outflow ratio has fallen to 2022 lows, and the accumulated volume delta shows that short selling pressure is failing to push prices down. Is it time for a rally?.
Key points:
The monthly Bitcoin outflow/inflow ratio has dropped to 0.9, indicating renewed long-term confidence and accumulation.
Despite aggressive short selling pressure on Binance derivatives, BTC has remained in a tight range between $100,000 and $110,000.
Over 19,400 BTC were transferred to institutional wallets, indicating strategic positioning by long-term holders.
After breaking above the $100,000 level on May 8, the price of Bitcoin BTC, €92,769 has closed each day above the psychological level. While BTC recorded a lower range deviation below $98,300 on June 22, the cryptocurrency remains close to new highs above $111,800.
While a drop to $100,000 is only a 9% correction, one metric indicates that the price range between $100,000 and $110,000 could be the new minimum range before BTC experiences another parabolic phase in the second half of 2025.
CryptoQuant data indicated that market activity points towards renewed long-term confidence, with on-chain data showing significant outflows dominating inflows. The monthly outflow/inflow ratio has fallen to 0.9, a level not seen since the end of the bear market in 2022 and that historically signals strong demand.
