Bitcoin: Examination if BTC will struggle to stay above $ 100,000 star-news.press/wp

• The exchange of momentum, the whale Netflows, and the evaluation measures reflect the increasing internal weakness despite the strong prices.
• The network activity is behind the price procedure, and it risks a correction unless the user’s participation improves.

Since early June, Bitcoin (BTC) The momentum of the exchange decreased, as the average of 30 days decreased to $ 5.9 billion, which is only 7 % higher than the annual average of $ 5.5 billion.

These distinguished signals were reduced by trading activity and the speculative interest decreased despite the stability of the bitcoin price above 100 thousand dollars.

At the time of this report, Bitcoin was traded for $ 108,259 after getting rid of 0.67 % in 24 hours. Therefore, while prices remain firm, weak momentum in size reflects the increasing caution among investors.

This difference is often preceded by periods of fluctuations or low correction, especially when traders hesitate to spread new capital despite the continuous price levels.

Source: X/Glassnode

Do whales lose confidence as external flows of exchange dominate?

Although the instant flow, the broader trend shows a sustainable negative range across the central stock exchanges.

For example, July 5 recorded a simple flow of $ 25.64 million, however the general pattern still reflects the dominant external flows.

These consistent withdrawals indicate that large holders transfer assets to the self -body instead of preparing for sale. Historically, continuous external flows indicate accumulation or defensive situation.

However, there are no strong flows to compensate for recent external flows. The volume of exchange also decreases steadily. This indicates a fragile trading environment with the depth of a thinning market.

As a result, the risk of sharp price fluctuations in either direction is increasing.

Source: Coinglass

BTC is exaggerated or feverish only: What does the NVM ratio say?

At the time of the press, the percentage of the Bitcoin network to Metcalfe (NVM) increased by 14.14 % to 2.76, indicating a possible estimate based on the use of the network.

This scale, which compares the market value to the user’s activity through the Metcalfe Law, indicates that the price of BTC may exceed the basics over the chain.

When the NVM values ​​rise during the exchange of momentum and activity, it usually indicates the accumulation of speculation. Therefore, this rise in the ratio of NVM under the weak market activity raises red flags.

Although the bulls continue to defend the level of $ 100,000, the chain evaluation signals indicate an increase in efficiency and potential weakness of prices.

Source: Cryptoquant

Weak network grows as the price is separated from the user activity

It is worth noting that the Santiment data revealed the separation of the BTC price and its daily active addresses (DAA), with a decrease in the difference to -175.79 %.

While the price increased steadily to 108 thousand dollars, the active user growth failed to keep up with it. This long -term negative difference indicates the weakening of organic participation, even with high bitcoin trends.

Moreover, the network productivity failed to confirm the assembly, which suggests that the current upper structure may lack sustainable support.

If the user’s participation continues to delay, it may limit the upper side or lead to sharp corrections when the feelings turn.

Source: Santime

Can BTC keep $ 100,000 without stronger support on the series?

Bitcoin continues to trade above $ 100,000, but the escalation of weaknesses on the series wears doubt in the sustainability of its gathering.

The exchange momentum slowed, indicating a decrease in trading activity, while the sharing of whales remains defeated, indicating that there is no strong accumulation of senior holders.

At the same time, the evaluation scales are flashing signals at the height of the purchase, which raises the risk of a possible correction.

Another source of concern is that the user’s participation did not keep pace with the increasing price, hinting to a basic structural weakness in the market.

Unless these basic standards show a sense of meaning, bitcoin may struggle to keep their current levels.

Looking at the future, it will be necessary to be a renewed boom in the network activity and the participation of the broader investors is necessary to support the bullish narration and push more upward trend.