Why Is Bitcoin Not Facing Selling Pressure?  

Glassnode analyzed this situation and pointed out that despite 100% supply profitability, investors remain cautious about selling their Bitcoin holdings. According to the platform, the total profit-taking volume at prices above $111,000 was around $1 billion. This figure is less than half of the $2.1 billion recorded when BTC first crossed $100,000 last December.  

Funding rates indicate that Bitcoin’s current rally is healthy and organic. These rates were six times higher in Q1 and three times higher in Q4 of last year. The current low rates suggest minimal speculative activity in the futures market.  

This means the rally is driven by real purchases in the spot market rather than leveraged trading. As a result, the risk of sudden and sharp corrections is reduced, offering a safer environment for investors.  

Glassnode stated:  

“Despite higher prices, profit realization was much more limited.”  

This data shows that current investors remain patient and focused on the long term. At the same time, it supports the view that Bitcoin still holds strong upside potential. Analysts say Bitcoin’s rise is fueled by spot buying rather than leveraged positions, with futures funding rates remaining low, indicating restrained risk-taking and more organic price moves.  

On the liquidity side, there is a noticeable increase in stablecoin supply. Moreover, the global M2 money supply growth points to a large cash reserve ready to be deployed in the market. All these factors support the idea that Bitcoin can continue rising.  

Additionally, global liquidity trends continue to provide support for BTC. The global M2 money supply, which measures the total money circulating in major economies, grew by 5% in Q1 2025. This growth was influenced by monetary policy easing in the US, European Union, and Japan.  

NOT INVESTMENT ADVICE  

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According to recent research by crypto researcher Doctor Profit, the present state of the market supports a better configuration of markets. Especially Bitcoin has seen notable changes; financing rates reached their lowest position since October 2023 and $9 billion in short liquidations close to the $68,000 threshold. Given market makers may profit from the more liquidity from short positions, this negative financing rate is considered as a possible prelude to an upswing.

The price movement of Bitcoin stays limited within a downward-sloping channel; two primary trendlines serve as both resistance and support. The regular testing of these levels emphasizes their importance in directing next price fluctuations. Watching probable breakouts at the upper resistance, traders have been eager to spot possible entry positions close to the channel’s bottom support.

Near $54,000, Doctor Profit has found the “manipulation area” where too strong price swings can occur. Though the declining channel has negative connotations, a breakthrough above this pattern might indicate a market turnaround and provide a big buying chance for traders.

Specifically in the $54,000 to $55,000 region, the plan emphasizes on building Bitcoin amid price declines. This strategy fits the present chart structure as accumulation as a possible breakthrough above the declining channel might set off the next significant price increase. Anticipating a squeeze on shorts would help Bitcoin’s upward momentum to be further fueled, traders are positioned to profit from this possible turnaround.

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