Bitcoin is showing signs of resilience amid a sustained period of selling pressure, as the cryptocurrency seeks to shake off a 10-day streak of exchange inflows that have kept prices under considerable stress. The market, grappling with fluctuations, is now closely watching whether buyers can tip the scales back in their favor and ignite a rally reminiscent of past recoveries.
Market Dynamics Shift
Bitcoin has been in the throes of a bearish phase, with sellers dominating the narrative for the past week and a half. The influx of Bitcoin into exchanges—a sign typically associated with selling—has put downward pressure on the price. Yet, there’s a glimmer of hope for bullish investors: short-term holder Net Unrealized Profit/Loss (NUPL) has dipped to levels not seen in three months. Historically, such a dip has often served as a precursor to upward momentum, suggesting that recovery might just be around the corner.
“Whenever NUPL hits these lows, we often see a shift in sentiment,” said Clara Young, a crypto analyst at Digital Pulse. “The key is whether the current outflow from exchanges can sustain itself. If buyers hold their ground, we could witness a turnaround.”
The Buyers’ Battle
But why is this pattern significant? The NUPL metric essentially gauges the unrealized profit or loss of Bitcoin holders, offering insights into market sentiment and potential price movements. When short-term holders start showing losses, it can either lead to panic selling or, conversely, indicate a market bottom—prompting investors to buy in anticipation of a rebound. This scenario was also highlighted in our recent article, Bitcoin Price Declines Further, Can Buyers Prevent Another Sharp Drop?.
Market participants are now laser-focused on whether buyers can maintain the momentum of today’s rare outflow from exchanges—a phenomenon that typically signals an intent to hold rather than sell. If they succeed, it might just thwart the bears and spark a rally, reminiscent of the market’s behavior in past downturns.
Notably, this isn’t the first time this year that Bitcoin has been at such a crossroads. Earlier episodes of heavy selling were followed by strong rallies, as investors capitalized on lower prices. However, the current economic backdrop, including looming regulatory scrutiny and macroeconomic uncertainties, adds complexity to the mix. For more on the recent market downturn, see our coverage of Crypto Markets Lose $200 Billion as Bitcoin’s Price Tumbled to 6-Week Low: Market Watch.
Uncertain Paths Ahead
Looking ahead, the market remains on tenterhooks. Bitcoin’s next move will hinge on whether the bulls can muster enough strength to counteract the sellers’ influence. It’s a delicate balance, with analysts divided on the outcome.
“There’s always a chance for a rally, but it’s not guaranteed,” cautioned Mark Liu, a strategist with Blockchain Insights. “The macroeconomic environment is more volatile now, with interest rates and regulatory pressures playing a significant role.”
Regardless of the immediate term, Bitcoin’s broader trajectory in 2025 will likely be shaped by these ongoing battles between buyers and sellers. As the market continues to evolve, investors will need to navigate with caution—keeping an eye on both technical indicators like NUPL and external factors that might sway the sentiment.
In the ever-turbulent world of cryptocurrencies, one thing remains certain: Bitcoin’s journey is far from over, and each price move is just another chapter in its ongoing saga. Whether the bulls can wrest control from the bears and trigger a new rally is the million-dollar question—a question that might just define the crypto landscape in the coming months.
Source
This article is based on: Bitcoin Price Fights Off 10-Day Sell Streak—Are Buyers Gaining Control?
Further Reading
Deepen your understanding with these related articles:
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- Bitcoin Traders Eye Upside as BTC Holds Above $110K: Crypto Daybook Americas
- Bitcoin traders say BTC price at ‘make-or-break’ point at $110K
Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
