Overview
- Bitcoin traded in a tight $100,000–$103,000 range through Sunday, with multiple desks flagging the six-figure mark as a key psychological and technical threshold.
- CryptoQuant data show rising long‑term holder spending while apparent demand has weakened, a shift that has capped price stability above $102,000.
- US spot Bitcoin ETFs recorded a $558 million net outflow on Friday and $1.22 billion over the past week, though Farside tracked roughly $240 million of inflows on Thursday.
- Short‑term risk indicators turned cautious, with a negative Binance Sharpe Signal near −0.277 and chart patterns such as a head‑and‑shoulders, bearish pennant, and a recent death cross highlighting downside risk toward the mid‑$90,000s.
- Countering the bearish tone, Burak Kesmeci’s 90‑day realized price gradient at −1.27 standard deviations and UTXO age‑band behavior have historically coincided with local bottoms, with one scenario pointing to support near $95,000.