Bitcoin's Outlook: Battle Below $110K, Institutional Accumulation, and Rising Interest in Bitcoin Hyper

Bitcoin's future price remains volatile, but data shows long-term investors are actively accumulating. BTC is currently trading around $111,259, up 4.2% in the past 24 hours.

Despite the recent wave of liquidations, market sentiment remains mixed, with the key resistance at $113,000 now in focus.

Exchange Balances Drop to Six-Year Low

According to on-chain data from Glassnode, the amount of BTC held on exchanges has fallen to its lowest level in six years.
This indicates that investors are moving their assets into cold wallets, reducing the available supply on exchanges.

Such outflows are typically seen as a precursor to bullish market cycles. Even during the recent downturn, accumulation behavior has outweighed panic selling, suggesting that the tightening supply could create strong upward pressure in the long term.

Long-Term Holders Lead the Market

Data from Santiment shows Bitcoin's 30-day MVRV ratio has dropped to -7.56%, a level similar to past accumulation phases. When MVRV dips into negative territory, it's often seen as a "discount" zone, signaling that the market is adjusting in preparation for the next rebound. With leveraged positions continuing to unwind and liquidation risks falling, the overall market structure appears to be stabilizing.

Technical Analysis: Key Levels

On the short-term chart, BTC is forming a symmetrical triangle pattern, with the 200 EMA acting as resistance. Support is observed around $107,000, while resistance sits near $110,850. The RSI has recovered to 59, suggesting room for further upside without signs of overheating. A breakout above the current range could open the way to $113,500 and $115,960, while a break below support may lead to a retest of $104,550.

Institutional Demand Expands

U.S. media company Newsmax has approved a plan to purchase up to $5 million worth of BTC and related assets.
Company executives described Bitcoin as the "gold standard" of digital assets, emphasizing their continued accumulation even during bearish phases. Meanwhile, momentum for adoption at the state level is also growing - Florida has introduced the "Bitcoin Reserve Bill," which would allow up to 10% of its pension fund to be allocated to digital assets.

Rising Interest in Bitcoin Hyper

Alongside ongoing discussions about Bitcoin's outlook, a new Layer-2 project called Bitcoin Hyper (HYPER) (https://openpr.care/b_btchyper-kz-en) is drawing significant attention. Built on the Solana Virtual Machine, it combines Bitcoin's robust security with Solana's high-speed processing capabilities.
The project's presale has already raised over $24.6 million, offering a 49% staking yield to participants. By enabling low-cost smart contracts, DeFi protocols, and meme coin development, Bitcoin Hyper is emerging as a promising bridge between Bitcoin's security and Solana's scalability - potentially unlocking a new era of real utility for the Bitcoin network.

Karlsruhe, Germany

Crypto Press Release by CryptoPressRelease

This release was published on openPR.