Bitcoin Number Of Sellers Drops To A Minimum At Current Levels – Time For BTC To ‘Move On’

Bitcoin’s short-term price direction remains uncertain, as analysts and investors are divided on whether BTC will break into a new all-time high (ATH) or face selling pressure into lower prices. The price has been trapped in a narrow range for the past twelve days, holding above $94K and below the $100K mark, with neither bulls nor bears able to take full control of the market.

This period of sideways trading has created speculation about an imminent major move, as Bitcoin continues to consolidate within these key levels. CryptoQuant data reveals that at the current levels, the number of sellers willing to sell at a loss has dropped to a minimum, a signal that market participants are holding their BTC instead of panic-selling. Historically, such conditions indicate that price volatility is on the horizon, as supply remains tight while demand is expected to increase.

With sentiment split between a breakout or a deeper correction, traders closely watch the $100K resistance and the $94K support to determine the next big move. If BTC pushes above the $100K mark, a rally into price discovery could follow. However, a breakdown below $94K could trigger further selling pressure.

Bitcoin Metrics Suggest A Big Move Is Coming

Bitcoin’s price action has remained stagnant over the past two weeks, trading within a narrow range between $94K and $100K. However, a positive outlook suggests that BTC is gearing up for a massive move into new all-time highs (ATH). Analysts speculate that this recent consolidation phase is the calm before the storm, setting the stage for the next major breakout.

Despite short-term uncertainty, Bitcoin remains structurally bullish, holding above key support levels and maintaining its long-term uptrend. While investors are divided on whether BTC will break higher or face another correction, on-chain data hints at a tightening supply.

CryptoQuant analyst Axel Adler shared an analysis on X suggesting that at the current levels, the number of sellers willing to sell at a loss has dropped to a minimum. This indicates that holders are refusing to part with their BTC, signaling confidence in higher prices ahead. Adler adds that, at this stage, there’s nothing to do but wait for BTC’s next move—suggesting that a breakout or breakdown is imminent.

With market conditions tightening and volatility expected to return soon, this week will be crucial in determining Bitcoin’s short-term direction. If BTC pushes above $100K, a massive rally into price discovery could follow. However, if it breaks below $94K, further selling pressure may emerge.

BTC Consolidates Above Key Demand

Bitcoin is trading at $95,600, maintaining a sideways trend for nearly two weeks, fluctuating between $94K and $100K. This narrow range has led to uncertainty, as neither bulls nor bears have taken control of the price action.

The $95K level remains a critical support, serving as a key demand zone where buyers have consistently stepped in to prevent further downside. Holding above this level would signal strength and create an opportunity for BTC to test higher supply levels. However, bulls face a major challenge, as they must reclaim $98K and eventually push above $100K to confirm a breakout into new highs.

If BTC fails to break above resistance, the market could continue to experience choppy price action, delaying the next major move. A breakdown below $95K could result in a retest of lower demand zones, with potential downside toward $91K–$93K.

Traders are watching for a decisive move in either direction, as volatility is expected to return. The next few days will be crucial in determining whether BTC can regain bullish momentum or if a deeper correction is on the horizon.

Featured image from Dall-E, chart from TradingView