1. Market Overview 26/05/2025
TOTAL Market Cap: 3.39 Trillion USD (+0.60%), continuing uptrend but showing slight sideways signs around 3.3–3.4 Trillion.
Crypto ex-BTC Market Cap: 1.21 Trillion USD (+0.48%), maintaining support around 1.17–1.19 Trillion, not breaking out strongly yet.
All Chains TVL: 212.5 Trillion USD (+1.91%), slight recovery after the profit-taking mid-month.
→ The market is still in a long-term uptrend but is accumulating, waiting for new “momentum” to break out into alt-season.
2. Bitcoin Technical Analysis (1D CHART – Binance)
IndexCurrent ValueCommentsBTC Price109,670 USD (+2.15%)Closed above the 109k range, the highest price in the accumulation cycleResistance Zone112–113kVRVP concentrated large liquidity, likely to face strong sellingSupport Zone104–105kSecond VRVP; EMA20 (98k), EMA50 (89k) far belowBollinger BandsExpanding, price touching the upper bandExpecting a slight pullback to the center of the band (≈107k)MACDSignal line crosses up, histogram increasingMomentum is still increasing with room for further riseRSI~57Not overbought, suitable for adding buy orders upon retesting support
→ BTC is “breaking out” of the 95–105k range, but needs to retest 104–105k before continuing up to 112–115k.
3. On-chain & Bitcoin Sentiment Analysis
Cumulative Volume Delta (Spot): -370k BTC (light distribution)
Aggregated Spot CVD: -207k BTC (distribution is still dominant in the short term)
Funding Rate (8h OI-Weighted): +0.007% (longs are paying fees, trend leaning towards buyers)
Exchange Whale Ratio: 0.6–0.7 (whales are dumping BTC on exchanges, warning of local selling pressure)
Miners’ Position Index (MPI): ~1.5 (miners are still holding their selling volume at a moderate level, not dumping heavily)
Stablecoin Supply Ratio (SSR): 17–18 (the ratio of stablecoins to BTC cap is high, buying demand remains strong)
Liquidation Heatmap:
Long liquidation zone concentrated at 110–112k
Short liquidation zone at 104–105k
Santiment Daily Active Addresses (BTC +1.58%): On-chain activity has slightly increased, sentiment is not too “hot”
→ On-chain is showing temporary distribution signals (CVD negative, whales on exchanges) but there is still demand from stablecoins, positive funding supports bull continuation.