Bitcoin is approaching the long-awaited holy grail of $100,000, and tensions are rising. Yesterday, observers thought they were witnessing the big leap, but the flagship crypto is playing coy, flirting with the summits without frankly venturing there. Behind this euphoria lies a much more complex reality: massive sales to defuse, and a market ready to explode. So, just a break or a real trap for investors? Immerse yourself in this ascent that is as fascinating as it is worrying.
Bitcoin: Why the $100,000 hasn’t been won yet
The price of bitcoin neared $100,000 yesterday, reaching $99,500 on Bitstamp, before briefly falling below $96,000. However, the bulls do not seem to have said their last word. According to the Skew traderthe symbolic bar is almost within reach, but a major obstacle persists: an accumulation of sell walls » in the $99,000 zone.
These massive sales orders slow the rise of BTC, but each advance eats away at this obstacle. Skew predicts thatcrossing $100,000 could cause a “ violent breakout ».
However, some investors are still risking short positions, hoping for a market turnaround. A perilous strategy: the latest data shows that over $115 million in shorts liquidated in just one day.
A situation that Keith Alanco-founder of Material Indicators, describes it as “ shorts trap »:
“ If you take the bait, prepare to be crushed. »
Once this resistance is lifted, bitcoin could well enter a parabolic phase, sweeping away everything in its path.
- $115 million: amount of shorts liquidated in one day;
- $60 billion: spot trading volume on Binance as old records approach;
- 50%: drop in this volume after the peak, sign of a cautious market.
Crypto: The pause in volumes, a calm before the storm?
If BTC's numbers impress, the rest of the crypto market shows a more cautious face. On Binance, for example, spot trading volumes have seen a spectacular peak at $60 billion in early Novemberbefore falling by half. A drop that intrigues analysts.
For Darkfost from CryptoQuantthis slowdown could reflect a phase of reflection by investors. “ Less activity may reduce volatility, but it also curbs euphoric rushes “, he explains.
This decline in volumes is also a warning: a market that is too calm could lead to an explosion of volatility at the slightest significant movement. This general caution does not prevent certain assets from exploring new heights, but it highlights a reality: even at the dawn of $100,000, the market remains fragiledepending on a balance between optimism and distrust.
In this environment, every decision can weigh heavily. Seasoned investors know: patience is a weapon as formidable as it is risky.
Crossing $100,000 will not be a simple formality for bitcoin. Between significant challenges linked to derivative products and the need for coordination of institutions, this flagship crypto must prove that its potential can exceed the whims of the markets. The road is still long, but the suspense remains high.
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