Bitcoin Steady Above $101,000 Amid Accumulation and Market Concerns

Bitcoin (BTCUSD)

Fundamental Analysis

Bitcoin remains steady above $101,000 despite high volatility. On-chain data shows long-term holders are still accumulating, with no signs of major distribution. The declining Binary CDD indicates a healthy accumulation phase.

Meanwhile, after the shutdown of black-market platform Huione Guarantee, over 30 new platforms have emerged—led by Tudou Guarantee. Crypto flows into these markets are rising again, raising concerns over money laundering activities via Telegram.

Technical Analysis

The overall trend is sideways to slightly bearish, with progressively lower highs since the all-time high on May 22, 2025.

Currently, there are strong recovery signals from the demand zone at $98,240–$97,766, with price rebounding sharply from the key support level at $102,374.A spike in volume at the $98,240 bottom confirms strong buying interest from this support zone.

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