Bitcoin’s Rollercoaster: A Comedy of Errors and Gains! 🎢💰

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In the early hours of Monday, Bitcoin, that capricious creature of the digital realm, once again took to the skies, momentarily soaring past the illustrious $106,000 mark. Alas, like a bird caught in a sudden storm, it encountered resistance and promptly retreated, now languishing at a mere $104,153—a modest decline of 1% over the last 24 hours. How tragic! 😢

Yet, fear not, dear reader! Despite this minor setback, our beloved Bitcoin remains in a robust position, having enjoyed a veritable feast of gains over the past weeks, clinging desperately to its all-time high levels like a child to a mother’s skirt. This price action follows a brief interlude of consolidation, where Bitcoin paused to catch its breath after its ascent above $104,000, as if pondering the meaning of life—or perhaps just the next big investment. 🤔

In the midst of this financial drama, the ever-astute CryptoQuant analyst, Avocado Onchain (yes, you read that right), has shared his musings on the current trend, drawing insights from the arcane arts of derivatives and spot market data. One can only imagine the scene: Avocado, perched atop a mountain of charts, proclaiming the wisdom of the ages! 🥑📈

Market Buy Volume and Funding Rates: A New Chapter

In his latest treatise, “Bitcoin’s Rebound Without Overheating Is a Clear Sign of a Healthy Bull Market,” Avocado points out a curious shift in Bitcoin’s behavior around key price milestones. In the past, when Bitcoin would gallop towards new heights, it was often accompanied by a frenzied rise in Binance’s market buy volume and funding rates—signs of overheating that typically led to swift corrections, as traders locked in profits faster than a cat can chase a laser pointer. 🐱💨

However, our dear Avocado has observed that this time, things are different. The funding rates on Binance remain as stable as a well-balanced teeter-totter, and market buy volume is trending downward, which he interprets as a sign of restraint rather than weakness. A refreshing change, indeed! 🍃

Market Analysis

Avocado argues that, unlike the wild speculative rallies of yore, the current environment reflects a cautious optimism and sustained accumulation. This more tempered recovery, he suggests, could be less susceptible to abrupt pullbacks, paving a more stable path to potential new highs. One can only hope! 🙏

과열 없는 비트코인 반등, 건강한 강세장의 신호(Bitcoin’s Rebound Without Overheating Is a Clear Sign of a Healthy Bull Market)

이번 시즌 비트코인 가격이 신고가를 갱신할 때마다 바이낸스 시장가 매수 거래량과 펀딩비는 크게 상승하였고, 그 후 과열로 인한 조정기간이 찾아오는 유사한…

— Avocado (@avocado_onchain) May 19, 2025

Bitcoin On-Chain Trends: The Accumulation Continues

Avocado further emphasizes that while buying activity may not be surging at the same rate as in previous runs, the overall trend in market buy volume has been gradually increasing since 2023. He refers to on-chain data that shows a consistent uptrend, suggesting that the appetite of long-term investors remains intact. A comforting thought, indeed! 🍽️

With sentiment still recovering from recent corrections and derivatives markets appearing less overheated, he suggests that the market structure is favorable for additional upward momentum in the near to mid-term. While he refrains from making specific predictions about when Bitcoin might surpass its previous record, he notes that the current market conditions do not resemble previous overheated peaks. A more constructive setup, perhaps? 🤷‍♂️

Bitcoin Trends

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2025-05-20 09:07