Bitcoin's price is showing signs of a bullish recovery, recently moving from $84,000 to stabilize around $91,400. This upward momentum is largely attributed to a sharp drop in selling pressure from exchanges.
Key On-Chain Indicators
- Total Exchange Volume has dramatically fallen from 88,000 BTC to about 21,000 BTC. Since rising deposits signal selling intent, this decline suggests that bullish strength is returning.
- Average deposits per investor have also dropped from 1.1 BTC to 0.7 BTC, further confirming weakened selling pressure.
- Whales and Short-Term Holders (STH), who drove the recent price decline, have significantly reduced their selling activity. Whale deposits fell from 47% to 21% over the past month.
- This selling phase saw both groups realize losses (STH SOPR dropped to 0.97). Historically, selling pressure eases and a rebound follows when market participants incur heavy losses.
Potential Price Trajectory
If the current momentum continues, Bitcoin is projected to move toward the key resistance level of $98,700. A stronger sustained push could extend the rally into the $102,000–$112,700 range.
Expert Commentary
Industry leaders view the current market as a fragile but improving setup:
- Farzam Ehsani (VALR Co-Founder/CEO): The market is in a "delicate balance," largely influenced by optimism about the Federal Reserve easing monetary policy. He notes that Bitcoin's tight range near $92,000 signals growing tension, anticipating a breakout that will define the coming months.
- Ray Youssef (NoOnes CEO): The rebound reflects a stabilizing market after heavy selling. He cautions that the "buy-side depth required for a sustainable rally is yet to be established," citing weak ETF inflows. However, he believes improving flows could still open the path for Bitcoin to reclaim the upper end of its range and target $100,000 heading into early 2026.
December 2025, Cryptoniteuae