Bitcoin Buyers Are Back! 🚀💰

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In the dusty corners of the digital frontier, Bitcoin (BTC) has galloped to a staggering new high of $111,980 on the Binance exchange, leaving many a trader scratching their heads and wondering if they should buy a yacht or just a cup of coffee. The technical whispers in the wind suggest that the buyers have taken the reins, and if they keep this up, we might just see BTC strutting its stuff even higher.

Buyers Seize the Bitcoin Market Like a Thief in the Night

According to the sage words of crypto analyst ibrahimcosar, the buyers are back in town, and they’re not just window shopping. The Bitcoin Spot Taker Cumulative Volume Delta (CVD) has flipped back to green, signaling that the buyers are ready to party like it’s 1999.

CVD Chart

For those who might be lost in the crypto wilderness, the Bitcoin Spot Taker CVD measures the tug-of-war between taker buy and taker sell volumes on spot exchanges. When it rises, it’s like a neon sign flashing “Buy, buy, buy!” indicating that the aggressive buyers are in charge, and the bulls are stampeding.

Now, when the CVD turns green, it’s a big deal. It means that after a long, dreary winter of sell orders, the buy orders have come back to reclaim their throne. A steady stream of buy orders suggests that Bitcoin’s current bullish momentum might just stick around for a while, like that one friend who overstays their welcome.

As the chart shared by ibrahimcosar shows, the CVD was mostly red for the first quarter of 2025, indicating that selling pressure was as strong as a stubborn mule. This selling frenzy coincided with BTC’s price tumble from its previous high in January down to a low of about $76,000 in April. Talk about a rollercoaster ride!

But here’s the kicker: the CVD has turned green while Bitcoin is setting new records. This means buyers are willing to scoop up BTC even at these lofty heights, likely dreaming of even greater riches ahead. It’s like watching a game of poker where everyone’s all in, and the stakes just keep getting higher.

However, don’t pop the champagne just yet! Recent price movements might throw a wrench in BTC’s momentum. Analyst Ali Martinez has hinted that BTC could soon take a nosedive from its current range of $110,400 to $111,100. Buckle up, folks!

Ali Martinez Post

A Rally Like No Other

Normally, when BTC hits a new high, the market erupts in a frenzy, only to crash down faster than a lead balloon. But this time, experts are saying this rally is different. It’s like finding a unicorn in a field of horses.

Recent insights from CryptoQuant contributor Crazzyblockk reveal that new and short-term BTC investors are sitting pretty on unrealized profits, showing no signs of panic selling as the cryptocurrency soars to new heights. It’s like watching a kid in a candy store, blissfully unaware of the impending sugar crash.

Meanwhile, the whales are playing their own game. Some new whales are cashing in on the rally, while the old-timers are holding onto their treasures like a dragon guarding its gold. Minimal selling activity from the veterans suggests they’re in it for the long haul.

Lastly, the neutral funding rates in the BTC futures market hint that this rally is more organic and less driven by wild speculation than those of yore. As of now, BTC is trading at $108,553, down 2.6% in the last 24 hours. Just another day in the wild west of cryptocurrency!

Bitcoin Chart

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2025-05-24 02:48