{"id":23938,"date":"2025-05-13T15:00:59","date_gmt":"2025-05-13T12:00:59","guid":{"rendered":"https:\/\/forklog.com\/en\/why-bitcoin-is-consolidating-after-testing-105000\/"},"modified":"2025-05-13T15:00:59","modified_gmt":"2025-05-13T12:00:59","slug":"why-bitcoin-is-consolidating-after-testing-105000","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/why-bitcoin-is-consolidating-after-testing-105000\/","title":{"rendered":"Why bitcoin is consolidating after testing $105,000"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-keypoints article_keypoints\">\n<ul class=\"wp-block-list\">\n<li>A lack of momentum-trader activity has led to bitcoin\u2019s consolidation.<\/li>\n<li>The MVRV Z-Score sits well below peaks seen in previous bull cycles.<\/li>\n<li>Global liquidity (M2) is expanding rapidly.<\/li>\n<\/ul>\n<\/div>\n<p>Breaking the $100,000 psychological level drew in \u201cnew\u201d bitcoin buyers, while seasoned traders are cautious, Glassnode noted.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> Supply Mapping shows sustained strength in new demand. First-Time Buyers RSI has held at 100 all week. But Momentum Buyers remain weak (RSI ~11), and Profit Takers are rising. If fresh inflows slow, lack of follow-through could lead to consolidation: <a href=\"https:\/\/t.co\/vHqbU4hrPt\">https:\/\/t.co\/vHqbU4hrPt<\/a> <a href=\"https:\/\/t.co\/Ghqynb296Y\">pic.twitter.com\/Ghqynb296Y<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1921943460699082792?ref_src=twsrc%5Etfw\">May 12, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;If fresh inflows slow, a lack of follow-through could lead to consolidation,&#8221;<\/em> the specialists warned.<\/p>\n<\/blockquote>\n<p>The illustration above segments investor cohorts by behaviour.<\/p>\n<p>The 30-day relative-strength gauge for first-time buyers has held at 100 all week, signalling strong interest from these players.<\/p>\n<p>Momentum-trader demand remains weak\u2014the corresponding indicator sits at 11.<\/p>\n<p>As<a href=\"https:\/\/www.coindesk.com\/markets\/2025\/05\/13\/bitcoin-crossing-usd2t-in-market-cap-triggers-wave-of-new-buyers-but-key-players-tread-cautiously-onchain-data-show\"> CoinDesk<\/a> noted, elevated activity among \u201cnew\u201d participants hints at retail<a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%91%D0%BE%D1%8F%D0%B7%D0%BD%D1%8C_%D0%BF%D1%80%D0%BE%D0%BF%D1%83%D1%81%D1%82%D0%B8%D1%82%D1%8C_%D0%B8%D0%BD%D1%82%D0%B5%D1%80%D0%B5%D1%81%D0%BD%D0%BE%D0%B5\"> FOMO<\/a>\u2014emotion over measured assessment.<\/p>\n<p>Analysts at <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/68220650342e5f71654ed5fe-Bitcoin-Still-in-an-Uptrend?amp;utm_medium=sns&#038;utm_campaign=quicktake&#038;utm_content=crypto-dan\"> CryptoQuant<\/a> reported continued growth in realised capitalisation, confirming bitcoin\u2019s uptrend.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-1557.webp\" alt=\"1-1557\" class=\"wp-image-258598\"\/><figcaption class=\"wp-element-caption\">Data: CryptoQuant.<\/figcaption><\/figure>\n<p>More market participants, including<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-turns-deflationary-due-to-strategys-acquisitions\"> Strategy<\/a> and<a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-holdings-of-public-companies-surge-by-57-billion\"> other institutions<\/a>, as well as clients of BTC-ETF issuers, are buying digital gold at higher prices, the experts said.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Is there more upside?<\/strong><\/h2>\n<p>At<a href=\"https:\/\/www.bitcoinmagazinepro.com\/bitcoin-research\/btc-just-getting-started\/\"> Bitcoin Magazine<\/a> they see no \u201coverheating\u201d in the leading cryptocurrency at current levels.<\/p>\n<p>Analysts point to the MVRV Z-Score at 2.55\u2014well below readings around 7 seen at the peaks of earlier bull cycles.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"586\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1100-1024x586.png\" alt=\"2-1100\" class=\"wp-image-258599\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-1100-1024x586.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/2-1100-300x172.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/2-1100-768x440.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/2-1100.png 1342w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Bitcoin Magazine.<\/figcaption><\/figure>\n<p>They also note that expansions in global money supply have historically coincided with strength in digital gold. The latest data point to a continued rapid increase in world liquidity.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"628\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-615-1024x628.png\" alt=\"3-615\" class=\"wp-image-258600\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/3-615-1024x628.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/3-615-300x184.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/3-615-768x471.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/3-615.png 1252w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: Bitcoin Magazine.<br \/><\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Whales and sharks in focus<\/h2>\n<p>According to Santiment, over the past 30 days wallets with balances of 10 to 10,000 BTC added 83,105 BTC. Aggregate holdings among retail investors with less than 0.1 BTC fell by 387 BTC over the same period.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?? Bitcoin&#8217;s key whale &#038; shark tier (holding 10-10K BTC) have now accumulated 83,105 more BTC in the past 30 days. Meanwhile, the smallest retail holders (holding <0.1 BTC) have dumped 387 BTC in the same time period.\n\nFor both tiers, these are significant movements relative to\u2026 <a href=\"https:\/\/t.co\/Xg5FmF57GQ\">pic.twitter.com\/Xg5FmF57GQ<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1922151656306995529?ref_src=twsrc%5Etfw\">May 13, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>This set-up led the service\u2019s analysts to expect a further rise toward $110,000, especially amid <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-tests-105000-amid-us-china-trade-deal\">waning uncertainty<\/a> in trade between the US and China.<\/p>\n<p>Standard Chartered has urged investors to buy the leading cryptocurrency and forecast a rise<a href=\"https:\/\/u1f987.com\/en\/news\/standard-chartered-urges-bitcoin-investment\"> to $120,000<\/a> in the fourth quarter.<\/p>\n<p>Earlier, K33 Research<a href=\"https:\/\/u1f987.com\/en\/news\/k33-research-advises-bitcoin-investors-to-hold-steady-in-may\"> urged<\/a> bitcoin investors not to fear May, citing expectations of many catalysts prompted by initiatives from US President Donald Trump.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A lack of momentum-trader activity has led to bitcoin\u2019s consolidation. The MVRV Z-Score sits well below peaks seen in previous bull cycles. Global liquidity (M2) is expanding rapidly. Breaking the $100,000 psychological level drew in \u201cnew\u201d bitcoin buyers, while seasoned traders are cautious, Glassnode noted. $BTC Supply Mapping shows sustained strength in new demand. First-Time [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":23937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1205,1273,1150,1268,1478],"class_list":["post-23938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-cryptoquant","tag-glassnode","tag-news-plus","tag-on-chain-analysis","tag-santiment"],"aioseo_notices":[],"amp_enabled":true,"views":"35","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=23938"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/23938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/23937"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=23938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=23938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=23938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}