Bitcoin Hits New All-Time High of $111,980 as Buyers Dominate Market
Bitcoin (BTC) reached a new all-time high (ATH) of $111,980 on Binance. Technical indicators suggest buyers are dominating the BTC spot market, potentially leading to further price increases.
Buyers Regain Control Of Bitcoin Spot Market
- Bitcoin Spot Taker Cumulative Volume Delta (CVD) has shifted into positive territory.
- A rising CVD indicates aggressive buying, signaling potential bullish momentum.
- BTC's CVD was mostly negative in Q1 2025, reflecting strong selling pressure.
- Current positive CVD suggests buyers are accumulating BTC even at high prices.
- Analysts note that BTC might face temporary downward pressure in the $110,400 to $111,100 range.
A Different Kind Of Rally
- The current rally differs from past cycles, with new and short-term investors showing no panic selling.
- Mixed reactions from whales: new whales take profits while old whales hold their positions.
- Neutral funding rates in the futures market indicate a more organic rally, less driven by speculation.
- BTC is currently trading at $108,553, down 2.6% in the last 24 hours.
