Key dealers
Bitcoin rejects $ 117K, and heavy bids stacking the hint that bulls are not ready yet. Rebounding Spot demand indicates that it may be dry powder preparation for re-entry when “Crypto Week” is heated.
Bitcoin’s (BTC) 1.32% Intraday Bounce from its previous day’s $ 117K Close is another reminder that a confirmed local top is not here yet.
The short liquidity grip of $ 90 million to $ 118,139 supplemented speed, with bulls that clearly looked at the upside. Still, 800 million in Tether (USDT) Outflows suggest that any risk-off-rotation be played.
According to Ambcrypto, this push-pull can actually benefit the bulls if they are the right time, with $ 44 million in exploited positions gathered about $ 120,300 as a magnet for price.
Trump’s “Crypto Week” increases Bitcoin’s Bullish Setup
Genius Act is back in the limelight. This time as a legitimately haussey catalyst. Trump’s renewed push and confirmation Of its probable passage, the market gave a much needed dose of regulatory clarity.
Bitcoin Front-Ran The Sentiment and recycles $ 119K with a pure 1.50% daily light. But is it too early to call a local bottom? Can still be a dead cat -Studs, right?
Not so fast. Glassnode data shows about 196K BTC, approximately $ 23 billion, scooped up in the range $ 116,000-118,000 during the dip. It is almost 8x more than BTC realized in profit since ATH.
Source: Glassnode
Sure, it is still too early to call a confirmed floor, but this type of stacking on the bid side has historically been running Rallar, especially if the follow -up volume kicks in.
Now throw away in the macro catalyst: the genius act is on its way to the house floor.
According to Ambcrypto, if bulls ride at speed, that combination of structural demand and regulatory clarity may be the trigger that drives bitcoin through Overhead liquidity and starts the next leg higher.
Stablecoin -outflows nail
As flagged earlier, the move to Stablecoins looked like classic risk-off behavior. But with a spot scheme that picks up again, it forms more like strategic sideways than full-blown off-risk.
To $ 800 million parked in USDT? It can already rotate back, with the demand for net spots that creep higher after a short cooling.
Source: Cryptoquant
Sure, it is threshold too early to call it a complete accumulation phase, but with “Crypto week” in motion, solid bid support under BTC and traders who secure with precision, this chop may be set up as a starting plate.
About Trump driving force Sticks, we may see another liquidity -scored swipe, with the bias that starts to lean against a push over a backback.
