• bitcoinBitcoin (BTC) $ 100,628.00
  • ethereumEthereum (ETH) $ 2,196.44
  • tetherTether (USDT) $ 1.00
  • xrpXRP (XRP) $ 1.96
  • bnbBNB (BNB) $ 617.17
  • solanaSolana (SOL) $ 128.68
  • usd-coinUSDC (USDC) $ 0.999785
  • tronTRON (TRX) $ 0.267160
  • dogecoinDogecoin (DOGE) $ 0.148878
  • staked-etherLido Staked Ether (STETH) $ 2,192.02
  • cardanoCardano (ADA) $ 0.530609
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 100,480.00
  • hyperliquidHyperliquid (HYPE) $ 32.49
  • wrapped-stethWrapped stETH (WSTETH) $ 2,644.53
  • bitcoin-cashBitcoin Cash (BCH) $ 453.67
  • suiSui (SUI) $ 2.43
  • leo-tokenLEO Token (LEO) $ 8.97
  • chainlinkChainlink (LINK) $ 11.51
  • usdsUSDS (USDS) $ 0.999787
  • stellarStellar (XLM) $ 0.226467
  • whitebitWhiteBIT Coin (WBT) $ 48.29
  • avalanche-2Avalanche (AVAX) $ 16.22
  • the-open-networkToncoin (TON) $ 2.72
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999983
  • shiba-inuShiba Inu (SHIB) $ 0.000010
  • litecoinLitecoin (LTC) $ 79.13
  • wethWETH (WETH) $ 2,193.22
  • wrapped-eethWrapped eETH (WEETH) $ 2,353.06
  • moneroMonero (XMR) $ 303.99
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hedera-hashgraphHedera (HBAR) $ 0.130484
  • polkadotPolkadot (DOT) $ 3.18
  • bitget-tokenBitget Token (BGB) $ 4.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 100,476.00
  • uniswapUniswap (UNI) $ 6.28
  • daiDai (DAI) $ 0.999720
  • pi-networkPi Network (PI) $ 0.487239
  • pepePepe (PEPE) $ 0.000009
  • aaveAave (AAVE) $ 221.97
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
  • okbOKB (OKB) $ 49.42
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • bittensorBittensor (TAO) $ 297.10
  • susdssUSDS (SUSDS) $ 1.06
  • crypto-com-chainCronos (CRO) $ 0.080090
  • aptosAptos (APT) $ 3.87
  • internet-computerInternet Computer (ICP) $ 4.52
  • jito-staked-solJito Staked SOL (JITOSOL) $ 155.61
  • ethereum-classicEthereum Classic (ETC) $ 15.00
  • nearNEAR Protocol (NEAR) $ 1.85
  • usd1-wlfiUSD1 (USD1) $ 0.999805
  • tokenize-xchangeTokenize Xchange (TKX) $ 27.30
  • ondo-financeOndo (ONDO) $ 0.648840
  • mantleMantle (MNT) $ 0.586643
  • gatechain-tokenGate (GT) $ 15.74
  • fasttokenFasttoken (FTN) $ 4.45
  • official-trumpOfficial Trump (TRUMP) $ 8.54
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 100,153.00
  • cosmosCosmos Hub (ATOM) $ 3.65
  • vechainVeChain (VET) $ 0.018979
  • kaspaKaspa (KAS) $ 0.061611
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.168967
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.575463
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997840
  • skySky (SKY) $ 0.069998
  • usdtbUSDtb (USDTB) $ 0.999789
  • filecoinFilecoin (FIL) $ 2.09
  • render-tokenRender (RENDER) $ 2.73
  • ethenaEthena (ENA) $ 0.230533
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.11
  • usdt0USDT0 (USDT0) $ 1.00
  • kucoin-sharesKuCoin (KCS) $ 10.81
  • algorandAlgorand (ALGO) $ 0.155347
  • binance-peg-wethBinance-Peg WETH (WETH) $ 2,197.21
  • worldcoin-wldWorldcoin (WLD) $ 0.805051
  • arbitrumArbitrum (ARB) $ 0.260863
  • binance-staked-solBinance Staked SOL (BNSOL) $ 135.95
  • nexoNEXO (NEXO) $ 1.13
  • sei-networkSei (SEI) $ 0.194378
  • flare-networksFlare (FLR) $ 0.015493
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,498.33
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 2,295.86
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 1.00
  • kaiaKaia (KAIA) $ 0.170261
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999939
  • jupiter-exchange-solanaJupiter (JUP) $ 0.337199
  • paypal-usdPayPal USD (PYUSD) $ 0.999560
  • celestiaCelestia (TIA) $ 1.38
  • bonkBonk (BONK) $ 0.000012
  • injective-protocolInjective (INJ) $ 9.36
  • xdce-crowd-saleXDC Network (XDC) $ 0.056276
  • spx6900SPX6900 (SPX) $ 0.954887
  • pax-goldPAX Gold (PAXG) $ 3,435.04
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.32
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 100,667.00
  • tether-goldTether Gold (XAUT) $ 3,412.83
  • optimismOptimism (OP) $ 0.477491
  • blockstackStacks (STX) $ 0.544710
  • fartcoinFartcoin (FARTCOIN) $ 0.822059
  • wbnbWrapped BNB (WBNB) $ 616.40
  • mantle-staked-etherMantle Staked Ether (METH) $ 2,342.77
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 2,300.37
  • sonic-3Sonic (S) $ 0.254345
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 100,395.00
  • story-2Story (IP) $ 2.75
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.11
  • clbtcclBTC (CLBTC) $ 100,171.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 2,311.55
  • vaultaVaulta (A) $ 0.462411
  • the-graphThe Graph (GRT) $ 0.071812
  • curve-dao-tokenCurve DAO (CRV) $ 0.520456
  • ousgOUSG (OUSG) $ 111.51
  • jito-governance-tokenJito (JTO) $ 1.99
  • immutable-xImmutable (IMX) $ 0.358615
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.998196
  • dogwifcoindogwifhat (WIF) $ 0.665395
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 143.53
  • newton-projectAB (AB) $ 0.010160
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.99
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.09
  • msolMarinade Staked SOL (MSOL) $ 167.32
  • aerodrome-financeAerodrome Finance (AERO) $ 0.731529
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 2,369.22
  • usual-usdUsual USD (USD0) $ 0.997649
  • flokiFLOKI (FLOKI) $ 0.000063
  • zcashZcash (ZEC) $ 37.30
  • theta-tokenTheta Network (THETA) $ 0.586424
  • lido-daoLido DAO (LDO) $ 0.644998
  • bitcoin-svBitcoin SV (BSV) $ 28.99
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 100,825.00
  • ethereum-name-serviceEthereum Name Service (ENS) $ 16.79
  • the-sandboxThe Sandbox (SAND) $ 0.227225
  • bittorrentBitTorrent (BTT) $ 0.00000056
  • iotaIOTA (IOTA) $ 0.143845
  • galaGALA (GALA) $ 0.012211
  • saros-financeSaros (SAROS) $ 0.208983
  • pendlePendle (PENDLE) $ 3.27
  • falcon-financeFalcon USD (USDF) $ 0.999571
  • tbtctBTC (TBTC) $ 100,278.00
  • jasmycoinJasmyCoin (JASMY) $ 0.010749
  • tezosTezos (XTZ) $ 0.488166
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.007959
  • walrus-2Walrus (WAL) $ 0.369885
  • true-usdTrueUSD (TUSD) $ 0.997047
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 100,582.00
  • super-oethSuper OETH (SUPEROETH) $ 2,195.55
  • pyth-networkPyth Network (PYTH) $ 0.084137
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 2,195.33
  • coredaoorgCore (CORE) $ 0.481118
  • raydiumRaydium (RAY) $ 1.80
  • flowFlow (FLOW) $ 0.302719
  • wrapped-hypeWrapped HYPE (WHYPE) $ 32.35
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 2,313.69
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 2,344.23
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,192.91
  • dexeDeXe (DEXE) $ 7.78
  • apecoinApeCoin (APE) $ 0.552960
  • decentralandDecentraland (MANA) $ 0.229277
  • chain-2Onyxcoin (XCN) $ 0.012940
  • kavaKava (KAVA) $ 0.404474
  • beldexBeldex (BDX) $ 0.061194
  • syrupMaple Finance (SYRUP) $ 0.403827
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999801
  • thorchainTHORChain (RUNE) $ 1.22
  • ripple-usdRipple USD (RLUSD) $ 0.999721
  • usddUSDD (USDD) $ 0.999933
  • compound-governance-tokenCompound (COMP) $ 44.82
  • hashnote-usycCircle USYC (USYC) $ 1.09
  • heliumHelium (HNT) $ 2.18
  • usdbUSDB (USDB) $ 0.987289
  • apenftAPENFT (NFT) $ 0.00000040
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.999822
  • mimblewimblecoinMimbleWimbleCoin (MWC) $ 36.91
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.149022
  • staked-hypeStaked HYPE (STHYPE) $ 32.35
  • ketKet (KET) $ 0.374824
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,206.66
  • venomVenom (VENOM) $ 0.167708
  • ecasheCash (XEC) $ 0.000017
  • neoNEO (NEO) $ 4.93
  • based-brettBrett (BRETT) $ 0.034619
  • dydx-chaindYdX (DYDX) $ 0.434533
  • elrond-erd-2MultiversX (EGLD) $ 12.01
  • morphoMorpho (MORPHO) $ 1.10
  • stader-ethxStader ETHx (ETHX) $ 2,330.48
  • eosEOS (EOS) $ 0.462490
  • starknetStarknet (STRK) $ 0.098337
  • axie-infinityAxie Infinity (AXS) $ 1.99
  • conflux-tokenConflux (CFX) $ 0.063743
  • axelarAxelar (AXL) $ 0.327678
  • justJUST (JST) $ 0.032549
  • sun-tokenSun Token (SUN) $ 0.016692
  • grassGrass (GRASS) $ 1.11
  • reserve-rights-tokenReserve Rights (RSR) $ 0.005481
  • build-onBUILDon (B) $ 0.316805
  • aioz-networkAIOZ Network (AIOZ) $ 0.264651
  • olympusOlympus (OHM) $ 19.17
  • global-dollarGlobal Dollar (USDG) $ 0.999662
  • polygon-bridged-wbtc-polygon-posPolygon Bridged WBTC (Polygon POS) (WBTC) $ 100,363.00
  • fraxLegacy Frax Dollar (FRAX) $ 0.999237

Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows

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Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows

Although Bitcoin (BTC) appears to have stalled in the mid-$100,000 range, on-chain data indicates that the top cryptocurrency’s bullish momentum is far from over. BTC recently hit a new all-time high (ATH) of $111,980, prompting several crypto analysts to forecast even higher prices in the near term.

Bitcoin Rally Far From Over, Data Suggests

According to a recent CryptoQuant Quicktake post by contributor Crypto Dan, Bitcoin is still “highly likely” to continue its upward trajectory. The analyst shared the Bitcoin Net Realized Profit/Loss (NRPL) chart to support this outlook.

The NRPL chart highlights the scale of realized profits and losses by market participants who are selling BTC. A relatively low NRPL during price increases typically signals that profit-taking is limited, often indicating the continuation of a bullish trend.

Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows

In the chart, the current level of profit realization is highlighted in right-most red box. While the recent price surge may trigger a short-term correction, the extent of realized profits does not suggest the end of the ongoing upward cycle. As Dan noted:

Compared to the NRPL spikes at past cycle peaks, this round of profit-taking is relatively limited. In particular, when compared to the movements at the highs in March and November 2024, the current level of profit realization is notably lower.

Dan concluded that the current level of profit-taking does not point to a major trend reversal. Instead, Bitcoin is poised to continue climbing, potentially targeting levels beyond $120,000 in the coming weeks.

Despite the optimism, some market watchers remain cautious. Noted crypto analyst Ali Martinez recently suggested that Bitcoin’s current price action might be a bull trap, with BTC at risk of falling below the $100,000 threshold.

Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows

For the uninitiated, a bull trap refers to when the asset briefly breaks above a well-established resistance range, leading traders to believe a breakout is occurring, but then quickly reverses and falls back below the resistance level. This move often plays out to lure in long positions before liquidating them as the price drops back into the previous range.

Bitcoin Selling Pressure Weak, Retail Yet To Arrive

On a more positive note, multiple on-chain indicators suggest Bitcoin is not yet near its cycle top. Notably, retail investor participation in the current rally remains limited – a sign that the market may still have room for a second wave of capital inflow.

Likewise, Binance inflow data shows that certain investor groups are not eager to sell their BTC, possibly anticipating further gains. At press time, BTC is trading at $105,659, down 2.5% over the past 24 hours.

Bitcoin Upward Momentum ‘Highly Likely’ To Continue, On-Chain Data Shows

Featured image from Unsplash, charts from CryptoQuant, X, and TradingView.com

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