Bitcoin remains trading in a highly volatile range of near $110,800, with intraday movements of between $110,730 and $111,980. BTC has risen by 96.15% this year. Analysts caution that halving cycles may trigger seasonal downtrends despite long-term bullish trends.
As crypto analyst Ali revealed that 79,000 Bitcoin, valued at $8.87 billion, were moved from centralised exchanges over the last month. Such significant outflows tend to signify investor optimism is building, as BTC moves into cold storage rather than circulating actively within trading markets.
The trend suggests limited supply, normally a favorable sign for BTC increases. Investors believe that falling exchange balances lower available liquidity, which helps push the price of BTC upwards.
Despite optimism, other analysts caution against Bitcoin achieving a cycle peak by year-end. A crypto analyst, PlanC, noted that cycle-high predictors might forget statistical laws. He cautioned investors not to presume Bitcoin must peak in Q4 2025, and he emphasized the use of stats and probability.
PlanC argues thusly that the current halving is inconsequential, and nothing essential guarantees year-end peak beyond psychological expectation. He compared the assumption to having flipped a coin three times and received tails every time, and now waiting for the fourth flip to necessarily obtain tails.
Also Read | Bitcoin Holds $111,194: Key Metrics Hint at Volatility and Possible Upside
The current price of BTC is at $110,861, and the 24-hour volume is at $61.44 billion. The market capitalization is at $2.21 trillion, and dominance is at around 57.75%. Prices experience a slight daily fall of 0.48%, recording relentless volatility and strain in the face of the latest stellar long-run performance.
Bitcoin gained 96.15% year to date, demonstrating its strength versus macro headwinds and institutional adoption trends. Despite that, analysts warn that if halving cycles persist, BTC potentially stands to enter a downtrend by October, keeping investors divided on whether the year’s end delivers peak levels.
Also Read | Pi Network (PI) Targets 200% Rally as First ETP Draws Institutional Interest
Also read: Shiba Inu Poised for Explosive 5x Rally — The Ultimate Crypto Comeback?
