Bitcoin Holds $100K–$110K Amid Binance Derivatives Selling Pressure
Bitcoin price has consolidated between $100,000 and $110,000 for the past 45 days, holding firm despite persistent sell-side pressure on Binance Derivatives. Data shows a negative Cumulative Volume Delta (CVD) and declining funding rates as traders build short positions. However, strong absorption by institutional buyers and deep liquidity on U.S. exchanges have prevented major breakdowns. On the daily chart, BTC’s failure to reclaim its $111,000 all-time high suggests a potential double-top formation, heightening the risk of a short-term pullback toward the $103,000–$104,000 fair value gap. Market indicators also point to altcoin weakness: Bitcoin’s Sharpe ratio now outpaces tokens like SOL and XRP, while smaller-cap projects lose momentum. Traders are monitoring funding rates and forced liquidation levels for a possible catalyst that could trigger a breakout or a deeper correction before the next bullish attempt.
Neutral
Although prolonged sell-side pressure and negative CVD signal a potential pullback, Bitcoin’s ability to hold the $100K–$110K range, supported by institutional absorption, deep liquidity, and declining funding rates, points to a stable market structure. This suggests limited downside in the short term and the possibility of a breakout if liquidations trigger a short squeeze. Over the long term, regulatory clarity and institutional flows may further underpin Bitcoin’s resilience, but the risk of a double-top pattern cautions traders. Overall, the news is likely to maintain current market stability without a strong directional bias.