Cryptocurrency analyst Willy Woo warned on the social media platform X that, should Bitcoin fail to recover within the next two and a half days, a bearish divergence could emerge on the weekly chart, potentially leading the market into an extended phase of low volatility.
Dear Mr Bitcoin, you have 2 days 16 hours to rally or your gonna print a bearish divergence on weekly charts and then we will be bored for weeks and weeks. pic.twitter.com/SkrhkRFeCJ
— Willy Woo (@woonomic) May 30, 2025
In earlier analyses, Willy Woo pointed out that the Risk Signal is currently in a downward trend, indicating that buy-side liquidity continues to dominate within the broader market environment. This condition, he suggested, is conducive to setting the stage for another strong upward movement over a longer time frame.
Nonetheless, Willy Woo also noted that the momentum behind the bullish rally from $75,000 to $112,000 appeared to be weakening. He emphasized that the current week is pivotal; failure to sustain upward momentum could result in another consolidation phase.
In the near term, Willy Woo expressed concern regarding newer speculative participants entering long positions at a time when a large amount of unrealized gains could be realized through selling, as reflected by the Spent Output Profit Ratio (SOPR). He concluded by noting that spot market activity this week will have a considerable impact on Bitcoin’s price trajectory over the next one to two months, marking the current moment as a key inflection point.
In the short term my main concern are the late comer speculators taking long positions while an immense amount of potential profit taking is ready to dump (SOPR).
This week's spot buying will strongly influence the next 1-2 months of price action. We are in a pivot zone. pic.twitter.com/JVJfxVXcKU
— Willy Woo (@woonomic) May 28, 2025
At the same time, other analysts are observing that Bitcoin may be entering a phase of sideways movement; however, they emphasize that this development should not automatically be interpreted as a bearish indicator.
According to Nick Forster, founder of the on-chain options protocol Derive, although the recent price increase beyond $111,000 was a noteworthy event, current market behavior points more toward a consolidation phase rather than an impending breakout.
Nick Forster contended that such a phase of consolidation could represent a constructive interlude, describing it as a “healthy pause” that may precede another substantial upward move. He noted that this interval provides the market with an opportunity to absorb the recent gains and prepare for the potential next stage in the price cycle.
Bitcoin Falls Below $106,000 Mark As US Spot ETFs See $358M In Net Outflows
At the time of reporting, Bitcoin is trading at $105,611, reflecting a decrease of approximately 2.75% over the previous 24 hours. The digital asset reached a high of $108,888 and a low of $104,802 within the same period. Market capitalization currently stands at $2.1 trillion, showing a daily decline of 2.63%, based on figures provided by CoinMarketCap.
In parallel, US spot Bitcoin exchange-traded funds recorded net outflows totaling $358.6 million on Thursday. This marks the end of a 10-day period of consecutive positive net flows, during which these ETFs collectively attracted $4.26 billion. Prior to the outflows, the combined net inflows across the 12 Bitcoin ETFs reached $45.34 billion on Wednesday, before declining to $44.99 billion the following day.
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