Bitcoin resistance Archives - Coin Engineer

Bitcoin Drops to $64,290, Yet Polymarket Bets Still Eye $75,000

Yeliz Akmaca — Mon, 23 Feb 2026 08:30:09 +0000

Bitcoin dropped to $64,290 in the last 12 hours and is currently holding around $65,400. Interestingly, despite the price decline, Polymarket predictions are still pointing toward $75,000. Actually, this creates a contradiction: charts and on-chain data indicate weak price momentum, yet the prediction market continues to heavily position for a bullish scenario. In other words, market expectations seem to move in the opposite direction of falling prices.

High Bets, But Real Confidence Declines

The most popular February scenario remains above $75,000. On Polymarket, over $88 million has been wagered on this position. Yet, the likelihood has dropped below 50%. People are investing, but confidence appears slightly shaken.

Looking at February predictions on Polymarket, a massive $91 million volume is pricing a “below $60,000” outcome at 30%. This is quite significant. While the end-of-February $75,000 expectation remains popular, the probability dropping below 50% is notable. Some investors give the 2026 year-end $150,000 target a 12% chance, while a significant group positions for the short-term under $60,000 scenario. This clearly illustrates the market’s expectation gap: one side anticipates a rally, while the other lies in wait for a deeper correction.

Whale Activity: Who’s Doing What?

The whale front is also confusing; no one seems certain what to do.

Major whales holding around 100,000 BTC added roughly 13,000 BTC—a cautious accumulation signal.
Medium-sized whales holding around 10,000 BTC sold about 10,000 BTC during the same period.
Long-term investors reduced selling pressure by 67%; actually, strong buying support has still not formed. This keeps Bitcoin hovering in the $64–65k range.

$72,000: Resistance Zone and Trap

Technically, the $72,600–$73,200 range is critical. Around 149,000 BTC has accumulated here. If the price approaches this level, breakeven investors may close positions. Current whale accumulation may not absorb this supply completely, making $72,000 a significant hurdle.

Actually, to understand why Bitcoin hasn’t risen, looking only at technicals isn’t enough; psychological resistance is at play as well. Unless $72,000 is conquered, selling pressure may persist, limiting upward attempts.

Technical Scenarios and Possibilities

Bitcoin reacted from $60,000 and tested $72,000 resistance but failed. It now trades in the $64–65k range. Constant support testing weakens the structure, actually.

If, by some miracle, Bitcoin maintains above $72,000, the OTE (Fib 0.79–0.705) zone between $86,700–$89,950 could be tested. However, within the current trend, these moves may remain short-term pullbacks; there’s no need to rush.

Market Divergence and Real-Time Pulse

Prediction markets still support $75,000, while on-chain data and large investor activity paint a more cautious picture. The under-$60,000 scenario remains possible at 12%.

This divergence shows a hesitant market; whales are accumulating, but some remain cautious. Actually, monitoring the market pulse is essential; the energy required for a major breakout is not yet in place.

This analysis reflects Polymarket data, recent whale movements, and Bitcoin’s last 12-hour price fluctuations to capture the real-time market pulse.

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Drops to $64,290, Yet Polymarket Bets Still Eye $75,000 appeared first on Coin Engineer.

Stablecoin Supply Hits $314B, $69B Idle on Exchanges

Yeliz Akmaca — Tue, 30 Dec 2025 08:30:59 +0000

As 2025 draws to a close, the stablecoin market has reached a historic milestone. According to CryptoQuant, total stablecoin supply climbed to $314 billion. However, around $69 billion remains parked on centralized exchanges, largely idle and awaiting market direction. Timing remains critical as the market searches for its next move.

The data is strong, but the question is why this capital has not yet been deployed. Liquidity exists, appetite does not—at least for now.

Most Liquidity Concentrated on Binance

CryptoQuant contributor Crazzyblockk noted on December 29 that exchange-held stablecoin reserves represent roughly 22% of the total market. Binance alone holds $49 billion, accounting for more than 70% of exchange-based buying power.

OKX follows with around $10 billion, and Bybit holds about $3 billion. Together, the top three exchanges control almost the entire pool of exchange liquidity, creating the largest “waiting capital” cluster in crypto history.

Capital Flow in December

December data shows that strong inflows have yet to materialize. Around $8 billion left exchanges during the month—$3 billion from Bybit and $2 billion from Binance. OKX remained mostly unchanged.

Even after these outflows, Binance still holds close to 15% of global stablecoin supply. According to CryptoQuant, reserves like this matter most when sentiment changes. Exchanges with deeper pools can deploy capital first.

Everything Is Ready, Just Missing a Trigger

On-chain activity fell about 40%, while whales accumulated roughly 20,000 BTC. Open interest in futures expanded by $2 billion. The infrastructure is ready, leverage is in place, capital is waiting—the only missing piece is a trigger.

Bitcoin Struggles at Resistance, Signals Mixed

Bitcoin rebounded to $90,000 for a 2% gain in 24 hours but faced resistance. Ethereum recovered above $3,000, and major altcoins like BNB and XRP also saw short-term relief.

Experts remain split. CW noted that retail traders and whales were buying simultaneously on Binance. Ali Martinez warned the rally could be short-lived due to negative capital flows and ongoing spot ETF outflows. Derivatives data also indicates caution: Bitcoin futures funding rates remain high, signaling that leverage has not fully reset.

Patience Dominates Despite Optimism

Macro expectations for 2026—including looser monetary policy and potential capital rotation into risk assets—keep long-term optimism alive. For now, the record stablecoin stockpile shows capital is ready, but patience remains the dominant strategy until a clearer catalyst emerges.

The market is searching not for direction, but for timing.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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Bitcoin Profit Supply Hits 41-Day Low: Is $110K at Risk?

Yeliz Akmaca — Sat, 02 Aug 2025 13:00:59 +0000

Bitcoin recent price drop signals a clear decline in investor confidence. After recording an all-time high of $122,054 on July 14, BTC has struggled to maintain its upward momentum. At press time, the leading cryptocurrency trades near $113,400, marking a 7.4% decline in just 19 days.

This price action has also impacted the share of BTC supply held in profit. According to Glassnode, as of August 1, Bitcoin’s supply in profit dropped to 91.71%, the lowest level in 41 days. This metric indicates what percentage of circulating BTC is currently held above acquisition cost.

Historically, a decline in this metric reflects weakening market sentiment. Fewer holders remain in profit, which can increase selling pressure. As a result, short-term corrections in BTC’s price become more likely.

Long/Short Ratio Falls: Leverage Traders Pull Back

The derivatives market also shows signs of reduced bullish sentiment. BTC’s long/short ratio has dropped to 0.96, falling below the key 1.0 threshold. This ratio compares the number of long positions to short ones. A figure below 1 suggests more traders are betting on a price decline than a rise.

At the same time, the decrease in long exposure creates room for downward movement. Unless a new bullish catalyst emerges, BTC may struggle to regain upward momentum.

Additionally, trading volume has significantly decreased. Daily volume, which peaked during July’s rally, is now showing signs of weakening market participation. The combination of weaker demand and rising profit-taking strengthens the bearish short-term outlook.

Which Levels Could Bitcoin Test Next?

Based on current technical indicators, Bitcoin could test the $111,855 support zone in the short term. This level is viewed as a key threshold by many market participants. If buyer interest strengthens here, BTC could recover toward $116,952.

Meanwhile, $120,000 remains a critical resistance level for bullish continuation. Breaking through this zone may rebuild investor confidence and trigger fresh momentum. However, this would require an uptick in trading volume and a visible shift in market sentiment.

Moreover, upcoming macroeconomic developments and possible ETF-related news could act as external catalysts. For now, caution dominates BTC’s short-term outlook.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Bitcoin Profit Supply Hits 41-Day Low: Is $110K at Risk? appeared first on Coin Engineer.

Bitcoin Faces Resistance: Will The Bulls Break Through?

Yigit Taha OZTURK — Mon, 30 Jun 2025 14:00:12 +0000

The crypto market is moving cautiously but not without key technical signals. Traders are closely watching Bitcoin‘s price action on short-term charts, and recent movements are giving subtle yet important clues.

Resistance Holding Firm

In the 4-hour timeframe, the previously mentioned 108,791 USD resistance level was tested. However, there was no convincing breakout, and Bitcoin faced rejection. This indicates a lack of strong bullish momentum for now.

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If Bitcoin manages to close above 108,791 USD, the next potential target range could be 111,000 – 112,000 USD. Until then, the market may remain range-bound.

Support Levels To Watch

On the downside, the nearest support zone lies between 106,622 and 105,725 USD. A drop below this range could lead to further corrective moves, while holding above might invite fresh buying interest.

A decisive move, preferably backed by volume, is needed to confirm a trend direction. Without that, price action may continue to fluctuate within a narrow range, frustrating both bulls and bears.

BTC/USD pair 4-hour chart.

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Bitcoin Approaches New High: Will the Rally Continue?

Yigit Taha OZTURK — Tue, 24 Jun 2025 13:00:13 +0000

As global financial markets remain volatile, the crypto sector is once again drawing intense attention. Recent movements, especially in Bitcoin, have brought key resistance levels into play. With this momentum, traders are questioning whether the rally has more room to grow.

106K Target Hit After Bullish Breakout

In our previous analysis, it was noted that if Bitcoin broke through the 102,961 – 101,984 USD resistance zone, a target of 105,000 USD would be next. The breakout occurred with strong buying pressure, pushing BTC up to the 106,000 USD level — surpassing the forecasted target and validating the setup.

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The current focus shifts to the next resistance range between 106,622 and 105,725 USD. If Bitcoin manages to break above this zone with volume support, the path toward 110,000 USD becomes highly likely. Sustained momentum will be critical to keep the uptrend intact.

Key Support Levels on the Downside

In the event of a pullback, the nearest strong support remains the 102,961 – 101,984 USD range. As long as BTC holds above this level, the bullish bias remains valid in the short term.

BTC/USDT pair 4-hour chart.

The post Bitcoin Approaches New High: Will the Rally Continue? appeared first on Coin Engineer.

Bitcoin Faces Key Resistance: Is The 105,000 Dollar Breakout Coming?

Yigit Taha OZTURK — Mon, 23 Jun 2025 16:00:20 +0000

The cryptocurrency market is regaining momentum, and all eyes are once again on Bitcoin (BTC). After showing a strong rebound from the support zone between 98,736 and 97,310 dollars, BTC is now trading within a crucial resistance range of 102,961 to 101,984 dollars.

This area represents more than just a technical ceiling—it’s a psychological battleground for short-term traders.

Key Levels to Watch for a Move Toward 105,000 Dollars

According to analysts, if this resistance is clearly broken with 4-hour candle closes, a move toward 105,000 dollars could be on the horizon. Such a breakout would indicate renewed buying pressure and potentially signal the start of a short-term bullish wave.

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However, if the resistance holds, a pullback toward the previous support zone—between 98,736 and 97,310 dollars—remains likely. Low trading volumes could increase the probability of this downward scenario.

BTC/USDT pair 4-hour chart.

What Should Traders Consider?

Traders are advised to proceed cautiously at current levels. Here are the critical takeaways:

Monitor the 101,984 – 102,961 dollar range closely
Watch for confirmation via 4-hour candle closes
Keep an eye on 97,310 as the next potential support if a pullback occurs

Volatility remains high, and traders should stay alert for rapid price swings in either direction.

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Could $85,000 Be Possible if Bitcoin’s Support Breaks?

Yigit Taha OZTURK — Sun, 23 Feb 2025 13:30:46 +0000

Bitcoin needs a 13% increase to reclaim the $106,000 price level, which analysts say could confirm a further upside.

Pseudonymous crypto trader Pentoshi stated in a Feb. 22 X post that “a move back to $106K will likely lead to a new round of price discovery.”

Bitcoin May Retest $85K if Support Fails

However, Pentoshi warned that if Bitcoin loses its $92,000-$94,000 support range, the next critical support could be $85,000, a level it hasn’t traded at since Nov. 12. Earlier, crypto analyst AlejandroBTC had also predicted that “it kinda looks like we’re heading for $85K.”

As of this writing, Bitcoin is trading at $96,340 (CoinMarketCap data).

Could Bitcoin Continue Its Uptrend?

Despite the potential downside, Pentoshi remains bullish, arguing that Bitcoin has spent considerable time consolidating in this range:

“For now, I have to maintain a bullish bias as it hasn’t broken down and we’ve spent a lot of time in this range.”

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While some analysts believe $85,000 could be a strong local bottom, others argue that Bitcoin may drop even further before regaining momentum.

On Jan. 27, BitMEX co-founder Arthur Hayes predicted that Bitcoin could drop to $70,000-$75,000, possibly triggering a mini financial crisis.

Traders Uncertain About Bitcoin’s Next Move!

Some traders believe it’s too soon to predict Bitcoin’s next move.

Pseudonymous trader Mister Crypto told his 136,200 X followers that $90,000 would be his signal to “open up another huge trade.”

On the same day, AshCrypto predicted that Bitcoin could reach a new all-time high in March. According to CoinGlass data, March has historically delivered an average return of 13.42% since 2013.

Bitcoin’s all-time high of $109,000 was set on Jan. 20, just before Donald Trump’s presidential inauguration.

What Is Bitcoin’s Long-Term Future?

Some market commentators are focusing on Bitcoin’s long-term outlook rather than short-term trends.

ARK Invest CEO Cathie Wood has increased her odds of Bitcoin hitting $1.5 million by 2030, citing growing institutional adoption:

“We actually think the odds have gone up that our bull case will be the right number because of what is becoming the institutionalization of this new asset class.”

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