Bitcoin's short-term profit-taking has decreased from $2 billion in December 2024 to $1 billion in 2025. This reduction in profit-taking, now at a 45% rate among short-term holders, indicates a more balanced market position. Despite recent declines, Bitcoin's price hovered around $114,358, benefiting from opportunistic buying. Analysts note an 'air gap' in supply between $110,000 and $117,000, with significant demand if Bitcoin surpasses $116,000. However, macroeconomic uncertainties and a highly exposed US equity market pose risks, with a potential pullback predicted to $106,000 before any upward recovery can occur. Bitcoin's recent uptick, aided by a rally in US stocks, has raised hopes for stability, though caution remains amid prevailing market headwinds. The overall sentiment reflects both a cautious optimism and underlying risks in global markets, highlighting the ongoing volatility in the cryptocurrency landscape.

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