Data from the Binance platform indicates that this area is a critical tension point in the market.
In recent weeks, the price of Bitcoin has stabilized within this range, with a gradual increase in buying and selling positions.
According to ‘CryptoQuant’, breaking either of the boundaries could determine the next price direction, making this range a key monitoring point for investors.
The data shows that buying and selling movements within the range are followed by short or long market pressures, with no clear control from either side.
Although buying positions slightly outnumber selling positions, the balance between the two sides reflects the ongoing indecision in the market.
The financing prices confirm this balance without clear bias, while selling positions register a gradual increase amid a lack of interest from investors in long-term contracts.
Typically, a price decline is accompanied by negative financing prices, which enhances the likelihood of pressure on selling positions if sentiment shifts.
Despite the negative indicators, the possibility of major players accumulating their positions remains within this range.
In the derivatives markets, a state of caution prevails.
‘QCP Capital’ indicates that Bitcoin prices have remained relatively stable despite geopolitical tensions and increasing political discussions.
It seems that investors are waiting for a clearer catalyst before taking new positions.
Risk reflections show continued demand for hedging, especially in June and September contracts, while relatively high implied volatility indicates ongoing concerns about short-term movements.
