Silence on the market, stirring in traders: Bitcoin ready to jump?

The Bitcoin market has entered a reduced activity period, but below the surface, the behavior of traders undergoes a notable transformation. Participants in the market are positioning themselves more and more for a bullish impulse, with signs suggesting a change of feeling towards optimism.

Traders go from protection to the benefit in a context of reduced volatility

Rather than following traditional coverage strategies, some traders adopt a more directional approach. The 10x Research data show that market players are moving away from downward protection and are more positioned to benefit from a calm price action.

This is particularly manifested by a reduction in purchases of options PUT and a significant increase in sales of Call options, which testifies to increasing confidence in the short -term price range of Bitcoin.

The Bitcoin options market experienced a considerable contraction, with a total notional value down approximately 33 %, a fall of $ 13 billion, in the space of a few days. This decline in activity shows a more serene vision among experienced investors, who adapt to what seems to be a quieter period.

Bitcoin's institutional demand increases while retail continues

At the same time, institutional interest seems to grow regularly. The Blockchain Glassnode analysis supplier has reported that the Bitcoin Etf in cash accumulated 15,000 BTC During last week, marking the third consecutive week of net entries. The demand for these products has accelerated since early June, strengthening the prospect of continuous adoption by large -scale investors.

10x Research recognizes that the entries supported in ETFs are a key element of institutional demand. However, they also noted that the continuous sale of private investors and Bitcoin minors has limited the overall upward pressure.

Macroeconomic factors also support the current feeling. The more prudent position of the federal reserve, combined with solid equity markets and a reduction in trade tensions, has created an environment more favorable to risk taking, encouraging traders to adopt strategies adapted to a more stable market.

10x Research noted that the recent expiration of the main options of options, especially those used to protect themselves against price reductions, could have opened the door to bullish momentum. As many of these puts have ended without value, this indicates that the expected decline did not occur. Combined with a switch to the sale of Call options, this development could have lifted part of the pressure that strengthened Bitcoin.

While Bitcoin continues to consolidate between $ 100,000 and $ 110,000, 10x Research considers that the gains potential prevails over risks. They suggest that traders maintain long positions and consider the sale of Call options to generate income in the current low volatility environment.

Bitcoin patterns report an accumulation before a possible breakup

To complete this analysis, the independent Cryptocon analyst highlighted the structural rhythm of Bitcoin price movements during the current cycle. Since December 2023, Bitcoin spent 195 days to evolve in a relatively narrow range, a diagram coherent with previous market cycles.

The search for cryptocon divides the behavior of the bitcoin into two phases, periods of storage and expansion pushes. Range periods designate the long phases where the price evolves laterally, often without significant events. Expansion thrusts are short and intense rallies where the price comes out of its range, often causing significant gains in just a few days.

From the start of 2023 to mid-2025, this diagram was repeated constantly. Brief price pushes, only for only two to five days, were followed by long periods of horizontal movements. Until now in 2025, there have been two minor thrusts, each for only two days, separated by more than 100 days of lateral movement. These periods of time confirm the observation that the majority of gains occurred during short and compressed intervals.

Cryptocon's analysis also reveals that only 36 days during the current cycle represented almost the entire bullish momentum. On the other hand, the rest of the period, almost two entire years, was characterized by slow or stable trading.

Expectations converge for the next movement

The analyzes of 10x Research and Cryptocon draw a similar picture: Bitcoin is currently in a waiting phase, but the momentum could discreetly be built. With more calm markets, a solid institutional demand and familiar historical patterns, a rupture could be closer than it seems.

What connects these two points of view? A growing conviction that Bitcoin is preparing for its next decisive movement.

• 10x Research notes that traders are withdrawn from the puts and favor the sale of Call options in a low volatility phase.
• Cryptocon stresses that Bitcoin gains mainly came from brief pushes after long side trends.
• Historical patterns suggest that a calm consolidation often precedes rapid and intense explosions of upward prices.
• The two analysts insist that timing and patience are essential to capture the next big break in Bitcoin.

While the market remains relatively calm, some traders pay their attention to the coming months, in particular September and October, as potential periods of rupture for bitcoin. Analyst Rekt Capital noted that, on the basis of the preceding cycles of Halving, the next major Bitcoin peak could occur during this period. This perspective could help explain the recent positioning of traders anticipating an upward movement.