Current Bitcoin Price Movement
Bitcoin showed a modest recovery toward $108K over the past week, supported by broader crypto market trends. However, on-chain data signals potential hurdles ahead, with increased selling pressure from miners and long-term holders (LTHs) threatening recent gains.
Key Metrics (July 1, 2025)
- Price: $107,143 (↓1.53% in 24h)
- Market Cap: $2.13 trillion
- 24h Trading Volume: $42.17B (↑12%)
Rising Selling Pressure
CryptoQuant data reveals negative Apparent Demand (-36.98 SMA), indicating supply outstripping buyer activity. This suggests:
- Weak absorption of new BTC entering the market.
- Persistent bearish sentiment linked to geopolitical tensions (now easing).
Derivatives Market Sentiment
BTC long/short ratio stands at 0.96, reflecting:
- More traders betting against price rallies.
- Dominance of short positions, signaling expectation of further drops.
Critical Price Levels
Support Zones:
- $107,745 (immediate test)
- $105,000 (next threshold)
- $104,709 (fallback level)
Resistance Targets:
- $109,304
- All-time high: $111,917
👉 Explore BTC trading strategies
FAQs
1. Why is Bitcoin’s demand weakening?
Negative Apparent Demand stems from miner/LTH sell-offs and insufficient new buyer activity.
2. What could trigger a rebound above $109K?
A surge in demand or institutional buying could break resistance levels.
3. How reliable is the long/short ratio?
While useful, it’s a short-term indicator—combine with on-chain data for fuller insights.
Final Outlook
Bitcoin faces downside risks toward $105K unless demand rebounds. Traders should monitor:
- Miner sell-offs.
- Macroeconomic developments.
Disclaimer: Crypto markets are volatile—conduct independent research before investing.
### SEO Optimization Highlights
- **Primary Keywords**: Bitcoin price, BTC futures, selling pressure, long/short ratio
- **Secondary Keywords**: CryptoQuant, support/resistance, derivatives market