Over the past 10 days, Bitcoin (BTC) has been moving sideways, consolidating between $105k to $101k. But three recent developments hint BTC’s price may crash lower to $99k or lower. On May 17, the weekend, BTC trades at $103.3k after dropping 2.52% in the past 24 hours. Ethereum (ETH) and other top cryptocurrencies have also followed Bitcoin’s footsteps and registered a loss. Here’s Why BTC Price Eyes Crash to $99K or Lower In short, the reason for a bearish outlook on BTC price is due to Bitcoin’s technicals, macroeconomic uncertainty, and historical returns. BTC’s technical analysis shows weakening momentum that hints at a correction. Daily Active Addresses (DAA) & New Addresses joining the Bitcoin blockchain have decreased while price continues to ascend, showcasing classic sign of bearish divergence. Lastly, the uncertain macroeconomic conditions due to the US Federal Reserve’s policies have stirred the markets. Trump’s trade war has also caused… Read More at Coingape.com
Telegram-linked cryptocurrency Toncoin has emerged as one of the standout performers in the crypto market over the past two weeks. It has defied the broader market’s sluggish momentum to surge by 14% since July 24.
With the altcoin currently trading near $4, on-chain and technical data point to further upside potential in the short term.
TON’s Price Primed for More Action
According to Coinglass, TON’s liquidation heatmap shows a sizable concentration of liquidity around the $3.77 price zone.
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These heatmaps are visual tools that help traders identify price levels where large clusters of leveraged positions are likely to be liquidated. They highlight areas of high liquidity, with brighter zones representing larger liquidation potential.
For TON, the liquidity cluster around $3.77 shows strong interest from traders looking to buy or close out shorts. That setup could easily spark a fresh price rally soon.
Furthermore, from a technical standpoint, TON’s Relative Strength Index (RSI) remains in a healthy range, indicating there is still room for more growth. At press time, the momentum indicator stands at 67.21.
The RSI indicator measures an asset’s overbought and oversold market conditions. It ranges between 0 and 100. Values above 70 suggest that the asset is overbought and due for a price decline, while values under 30 indicate that the asset is oversold and may witness a rebound.
TON’s RSI readings indicate market participants are still leaning bullish, with room for more upside before buyers become exhausted.
TON Traders Bet on Upside
Amid ongoing market volatility and repeated attempts to push prices down, TON’s funding rate has remained firmly positive, confirming the bullish bias among its futures traders. At press time, it sits at 0.0061%.
The funding rate is a mechanism used in perpetual futures contracts to keep prices aligned with the spot market. When it’s positive, it means long traders (those betting on price increases) are paying short traders. This signals that the majority of market participants are leaning bullish.
A consistently positive funding rate suggests strong confidence in TON’s upward potential, even in the face of broader market uncertainty.
Buy-Side Pressure Builds—Will It Be Enough to Breach $4?
With on-chain and technical indicators confirming the buy-side pressure, TON appears poised to extend its rally in the short term. The token could breach resistance at $3.68 in this scenario and rally toward $4.02.
The Bitcoin price rally cooled off in the last 24 hours, with the price dropping more than 5% after reaching a new all-time high of $123,231. This pullback comes as many investors decided to lock in profits at record levels that pushed to $116,700, when writing.
While the market still appears structurally bullish, recent data and insights suggest a short-term consolidation might be underway before continuing another leg up.
Profit-Taking Drives Market Pullback In Bitcoin Price Chart
According to on-chain data from Glassnode, the correction strongly aligns with a significant spike in the realized profits.
In total, investors realized over $3.5 billion in profits. Notably, long-term holders (LTHs) accounted for $1.96 billion, while short-term holders (STHs) contributed $1.54 billion.
This level of profit realization by LTHs suggests a maturity in market participation instead of a newbie move. These kinds of investors are identified as those individuals or institutions who typically accumulate during bear phases and selectively offload during high volatility or market peaks.
The current wave of profit booking shows that many LTHs saw the $123K milestone as a strategic exit point for partial gains.
Over the past 24 hours, #Bitcoin investors realized $3.5B in profits.
Long-term holders took $1.96B (~56%) Short-term holders took $1.54B (~44%)
One of the largest $BTC profit realization days this year – driven mostly by long-term holders. pic.twitter.com/GK8Tww7JP2
Key Support at $110K May Trigger Next Bounce in BTC Price
Despite the correction, some analysts remain constructive on Bitcoin crypto’s outlook. According to Mister Crypto, the recent decline could be healthy in the broader uptrend.
In his view, if Bitcoin price revisits the EMA ribbons, which are aligned near the $110K level, which is also June’s previous high, it could create an ideal bounce scenario.
He also hinted that in strong bullish trends, the EMA ribbons tend to act as dynamic support. If Bitcoin tests this zone and holds, it may quickly reverse higher, potentially targeting $135K in the next leg up.
Institutional Holdings Reflect Long-Term Optimism In BTC
Adding to the longer-term bullish backdrop, Mister Crypto also highlighted that Bitcoin Treasury companies, which include public firms holding BTC on their balance sheets, now collectively hold more than half the amount of Bitcoin currently held by all ETFs combined.
This indicates that long-term institutional interest is not only growing but may be more influential than Bitcoin ETF flows alone.
Such holdings often reflect strategic positioning rather than short-term speculation, suggesting that large players still view Bitcoin as a viable long-term store of value.
Bitcoin Treasury Companies now have more than half the amount of supply held in all ETFs combined.
The post Bitcoin Price Slips Over 5% After Hitting New All-Time High appeared first on Coinpedia Fintech News
The Bitcoin price rally cooled off in the last 24 hours, with the price dropping more than 5% after reaching a new all-time high of $123,231. This pullback comes as many investors decided to lock in profits at record levels that pushed to $116,700, when writing. While the market still appears structurally bullish, recent data …
Bitcoin has reacted positively to FED Chair Jerome Powell’s first speech since meeting with US President Donald Trump. This came despite Powell’s failure to comment on the US economic outlook amid so much market uncertainty due to Trump tariffs. Bitcoin Climbs Amid Powell’s Refusal To Comment On Economy CoinMarketCap data shows that the Bitcoin price is climbing as Powell failed to comment on the economy during his speech at the Federal Reserve Board’s International Finance Division Anniversary Conference. The flagship crypto held above the $104,000 level following the speech and is now looking to rally to the $105,000 level. Bitcoin had dropped to as low as $103,700 earlier in the day as traders held their nerves ahead of Powell’s speech. His speech comes following his first meeting with US President Donald Trump since the beginning of this administration earlier this year. The Federal Reserve revealed that Powell and Trump didn’t… Read More at Coingape.com
Long-term holders took $1.96B (~56%)