{"id":27096,"date":"2025-06-20T03:00:32","date_gmt":"2025-06-20T03:00:32","guid":{"rendered":"https:\/\/cryptd.in\/is-bitcoin-gearing-up-for-a-breakout-on-chain-signals-say-watch-this-level\/"},"modified":"2025-06-20T03:00:32","modified_gmt":"2025-06-20T03:00:32","slug":"is-bitcoin-gearing-up-for-a-breakout-on-chain-signals-say-watch-this-level","status":"publish","type":"post","link":"https:\/\/cryptd.in\/fr\/is-bitcoin-gearing-up-for-a-breakout-on-chain-signals-say-watch-this-level\/","title":{"rendered":"Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say \u2018Watch This Level\u2019"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin continues to trade below its recent all-time high as selling pressure and macroeconomic developments keep <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoins-momentum-wobbles-analyst-predicts-correction-below-94k\/\" target=\"_blank\" rel=\"noopener \">the asset in consolidation<\/a>.<\/p>\n<p data-pm-slice=\"1 1 []\">At the time of writing, BTC is priced at $104,835, down 2.1% over the past week and around 6.3% off from its peak of $111,814 recorded last month. Despite the <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-yearly-trend-suggests-cycle-top-near-205000-by-year-end-analyst-says\/\" target=\"_blank\" rel=\"noopener \">broader trend<\/a>, on-chain data reveals emerging patterns that may signal what could come next in the market.<\/p>\n<p>Following the Federal Reserve\u2019s decision to keep interest rates unchanged in its latest policy meeting, analysts have noted diverging trends in Bitcoin\u2019s price and derivatives market activity.<\/p>\n<h2 data-pm-slice=\"1 1 []\">Derivatives Deleveraging and Liquidation Clusters Shape Price Structure<\/h2>\n<p data-pm-slice=\"1 1 []\">According to Amr Taha, a contributor on CryptoQuant\u2019s QuickTake platform, BTC has been hovering above the $104,000 support zone, where strong demand appears to be absorbing sell pressure.<\/p>\n<p data-pm-slice=\"1 1 []\">However, Taha <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6853bf21d8b1996d30fb4c24-Divergence-Alert-Binance-Open-Interest-vs-Bitcoin-Price-Whats-Next-After-the-Fed\" target=\"_blank\" rel=\"noopener nofollow\">pointed out<\/a> that open interest on Binance has declined, forming lower lows, a sign that the derivatives market is undergoing progressive deleveraging.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/4545\/quicktake\/TdVQA40M_7548924e2b46c368ad058980f215a6df06438fada393351436d8f9c56451d708.png?resize=1280%2C720&amp;ssl=1\" alt=\"Bitcoin open interest on Binance\" width=\"1280\" height=\"720\" loading=\"lazy\" \/><\/p>\n<p data-pm-slice=\"1 1 []\">Taha\u2019s analysis emphasized a technical divergence: while price has remained relatively stable around the $104,000 level, open interest has been falling. This divergence suggests that traders are reducing leveraged positions, possibly due to <a href=\"https:\/\/www.newsbtc.com\/bitcoin-news\/bitcoin-consolidates-as-realized-profits-stay-low-no-signs-of-major-sell-off-yet\/\" target=\"_blank\" rel=\"noopener \">market uncertainty<\/a> or as a response to the Fed\u2019s cautious stance.<\/p>\n<p data-pm-slice=\"1 1 []\">Notably, the $104K region has emerged as a critical liquidity pocket, with data showing long positions being liquidated massively in this area. The dominance of long-side liquidations, with few short liquidations, reflects a flush-out of recent entrants attempting to ride the previous rally.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/4545\/quicktake\/9JwpMvNk_623304073e5f5a6911f6113e0091142deefbbdeb92500fef26a2c39e1c6742c6.png?resize=1280%2C720&amp;ssl=1\" alt=\"Bitcoin liquidation delta on Binance.\" width=\"1280\" height=\"720\" loading=\"lazy\" \/><\/p>\n<p>The analyst argued that this deleveraging phase could pave the way for a price rebound if macro conditions remain favorable. Historically, Bitcoin has <a href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-struggles-105500\/\" target=\"_blank\" rel=\"noopener \">responded positively<\/a> to rate pauses, often resuming upward movement when signs of seller exhaustion appear.<\/p>\n<p>The stabilization of open interest, combined with reduced liquidations, might act as a foundation for a new upward push in the near term.<\/p>\n<h2 data-pm-slice=\"1 1 []\">Bitcoin Whale Activity on Binance and Shifts in Market Behavior<\/h2>\n<p>In a separate <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6852e13fd8b1996d30fb4793-Escalating-Whale-Presence-on-Binance\" target=\"_blank\" rel=\"noopener nofollow\">analysis<\/a>, another CryptoQuant analyst, Oinonen, highlighted growing whale activity on Binance. Since 2023, the whale ratio metric on the exchange has surged dramatically, climbing from 0.08 in mid-2023 to as high as 0.77 in 2025.<\/p>\n<p><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/30509\/quicktake\/DMDOZP5_63ea698f1f52e3e03cacd1c221c33a019d87deef3f06564e2dfc4682692c088c.png?resize=1280%2C638&amp;ssl=1\" alt=\"Bitcoin exchange whale ratio on Binance.\" width=\"1280\" height=\"638\" loading=\"lazy\" \/><\/p>\n<p>This shift marks a 400% increase and indicates significant accumulation behavior among large holders. Whale inflows and retention on Binance have generally coincided with longer-term confidence during periods of market volatility.<\/p>\n<p>Moreover, the data shows that during recent episodes of elevated volatility, Binance users have leaned toward holding rather than <a href=\"https:\/\/www.newsbtc.com\/news\/bitcoin\/bitcoin-channel-break\/\" target=\"_blank\" rel=\"noopener \">exiting positions<\/a>. Inflows to the platform have remained low, particularly from both whales and retail participants, suggesting that market participants are refraining from panic selling and instead are anticipating future price appreciation.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/3fUL9YSe\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"3250\" height=\"1796\" \/><\/p>\n<p>Featured image created with DALLE, Chart from TradingView<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin continues to trade below its recent all-time high as selling pressure and macroeconomic developments keep the asset in consolidation. At the time of writing, BTC is priced at $104,835, down 2.1% over the past week and around 6.3% off from its peak of $111,814 recorded last month. Despite the broader trend, on-chain data reveals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":27098,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-27096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say \u2018Watch This Level\u2019 - cryptd.in<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptd.in\/fr\/is-bitcoin-gearing-up-for-a-breakout-on-chain-signals-say-watch-this-level\/\" \/>\n<meta property=\"og:locale\" content=\"fr_FR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Is Bitcoin Gearing Up for a Breakout? On-Chain Signals Say \u2018Watch This Level\u2019 - cryptd.in\" \/>\n<meta property=\"og:description\" content=\"Bitcoin continues to trade below its recent all-time high as selling pressure and macroeconomic developments keep the asset in consolidation. At the time of writing, BTC is priced at $104,835, down 2.1% over the past week and around 6.3% off from its peak of $111,814 recorded last month. 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