FameEX Hot Topics | Crypto Metric Suggests $100K Was the Low — When Will BTC Break Out?

Bitcoin has shown remarkable strength since it broke above the key $100,000 level on May 8. Since then, it has consistently closed each day above this psychological threshold, affirming its position within a high-demand range. Even during a temporary pullback to $98,300 on June 22, the asset quickly rebounded and has remained near recent highs above $111,800. This ongoing price resilience, despite minor corrections, signals growing market confidence and strengthens the narrative that $100,000 may now serve as a foundational support level in the current bullish cycle.

Adding to this perspective is a critical onchain indicator suggesting that the $100,000–$110,000 range could be forming a new structural bottom before Bitcoin enters another significant upward phase. According to data from CryptoQuant, long-term investor sentiment is recovering, with notable outflows from exchanges. The outflow/inflow ratio has dropped to 0.9—its lowest point since the end of the 2022 bear market. Historically, when this ratio dips below 1.0, it indicates accumulation behavior as investors move assets off exchanges, potentially to hold for longer periods.

This ratio acts as a key sentiment indicator. Values under 1.0 suggest that market participants are withdrawing more BTC from exchanges than depositing, a sign of reduced selling intent and increased long-term conviction. In contrast, when the ratio exceeds 1.05, it has typically signaled rising sell pressure and coincided with local tops. The present ratio reflects a trend last seen during Bitcoin’s bottom near $15,500 in December 2022, a period that preceded a long-term rally—supporting the argument that another upward phase may be on the horizon.

Remarkably, Bitcoin has held its ground within the $100,000–$110,000 range despite ongoing bearish pressure in the derivatives market. For over 45 days, Trading Platform has seen consistent short-selling activity, as shown by negative Cumulative Volume Delta (CVD) readings. However, prices have not declined further, indicating that this sell pressure is being absorbed—likely by institutions or long-term holders who are quietly accumulating.

Reinforcing this thesis is recent onchain activity involving long-dormant wallets. Crypto analyst Maartunn reported that over 19,400 BTC, valued at approximately $2.11 billion, moved from 3–7 year dormant wallets into institutional-grade addresses. Such large-scale, deliberate moves suggest strategic reallocation. Alongside sustained exchange outflows and minimal downside volatility, these developments point to a robust accumulation phase, potentially setting the stage for Bitcoin’s next major bull run.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.