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Bitcoin Holds Key $94K Level With $102K STH Barrier in Sight

Key demand gauges show improvement short of a confirmed trend change.

Overview

  • BTC trades in the mid‑$95,000s after a run to roughly $97,500–$98,000, with $94,000 continuing to act as pivotal support.
  • Analysts flag the short‑term holders’ realized price near $102,000 as a critical inflection; a clean reclaim could open room toward $100,000–$110,000.
  • On‑chain data show heavy short‑term holder profit transfers to exchanges, including a 24‑hour spike to 41,800 BTC, while broader exchange inflows have risen from mid‑to‑large cohorts.
  • Supportive signals include multi‑month‑low exchange balances near 1.18 million BTC and a flip to positive Net Taker Volume of about $39 million in futures.
  • CryptoQuant maintains Bitcoin remains in a bear regime until the 365‑day moving average near $101,000 is reclaimed, with ETF and spot demand signals still mixed.