- In the tender waltz of the markets, whispers of Spot ETFs, whale capers, and realized prices suggest our dear Bitcoin yet yearns to climb.
- A moment’s rest, like a political intrigue at a grand ball, may well be upon us, while shadows of liquidations gather above.
For nearly two days and nights, the noble Bitcoin [BTC] has lunged valiantly towards the lofty heights of $94,000 — alas, the summit remains just beyond reach. Recall, dear reader, this very peak teased BTC in March’s awakening, as rumors of a U.S. Bitcoin Strategic Reserve fluttered like the political court’s gossip; shortly thereafter, an Executive Order from President Trump stirred the pot anew.
At writing’s hour, Bitcoin hovers just above the scarred terrain of short-term holders’ realized prices — a gentle hint that the market’s fever has not yet spiked, and the beast still holds appetite for conquest. An elegant surge in whale transactions, plied in contrast with a dwindling retail crowd, foretells a tempestuous strike might be at hand.
Meanwhile, inflows into the spot ETF kingdom have blossomed, a most heartening sight to those who cherish bullish prophecies.
What divine irony: nearly 12,000 BTC flooded in a single day, rewriting records since November’s frost, soaring 500 times above the meager yearly average of 23 BTC. The bullish ranks swell with swelling pride.
Why Bitcoin May Pause Yet Then Leap Higher: A Tale of Bulls and Bears
Our trusty 4-hour chart narrates a saga of robust bullish spirits. The CMF rests at +0.29, a silent herald of capital rushing in like noble guests to a grand feast. The OBV tiptoes upward, a slow yet steady march of demand’s minstrels.
Yet the RSI — ever the shy debutante — has pulled back these last days, as Bitcoin’s elegant dance with the $94,000 resistance falters. Between $92,000 and $94,000 our hero lingers, pirouetting on a stage set by earlier turns, consolidating its strength for one more dazzlement.
CryptoQuant’s sage Maarten whispered to the crowds on CQ Insights that April witnessed $1.049 trillion in Binance Futures market trade — a sum grander than January’s revels. Such fervor suggests interested suitors are flocking, eager for the next dance.
High Futures volume beckons us to gaze upon the liquidation heatmap, a map of liquid dreams and nightmares. Mid-April saw Bitcoin stray near $85,000 to $86,000, while short liquidations gathered like storm clouds near $88,000 to $89,000. Then came the feast: a short squeeze, a buying frenzy — BTC vaulting ever upward with the grace of a startled cat.
Perhaps history repeats like a well-worn comedy. Now, around $92,000 to $94,000, our hero lingers again, gathering wits and liquid forces for a decisive leap. Expect this dance to last another week, letting liquidations thicken at $96,000, before BTC leaps, chasing liquidity with a lover’s fervor towards $100,000 — the great round temptress — or even beyond, the mysterious $103,000 cluster.
Thus, to traders with a taste for the bullish drama, prepare your seats: amidst the whale calls, futures clamor, and ETF inflows, the curtain rises yet on this grand performance of Bitcoin’s rise.
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2025-04-25 10:21