Key Takeaways
Bitcoin is playing tug-of-war at the magical $116k mark, with liquidity piling up, short-term holders cashing out, and $107k support looking shakier than my Monday morning motivation. Buckle up: FOMC’s coming and things could get spicy 🍿.
So, Bitcoin [BTC] is tiptoeing toward a serious supply wall sitting pretty at $116,963. Around 534,000 BTC holders – that’s about 2.68% of all floating coins – are nervously waiting to break even. The suspense is *real*.
This spot has more drama than a reality TV reunion-historically, it loves to act as a battleground for profit hunters and distributors alike.
For example, after BTC flaunted its $123k all-time high in early July, it chillaxed between $115k and $120k for a solid two weeks before slouching down by 6% as folks decided to cash in those realized profits like it was the last day of a clearance sale.
In short? This price point is Bitcoin’s “Do I stay or do I go” moment.
On-chain data? It’s waving red flags louder than my neighbor’s karaoke nights.
Short-Term Holder (STH) NUPL dipped to -0.07 in late August when BTC flopped on its $116k resistance test and nosedived to $108k. Classic capitulation vibes, people – like a bid wall that got ghosted when selling pressure RSVP’d “yes.”
Will history do its annoying little rerun thing?
BTC bounced back 8% from the $107k low, locking in some nicely bruised but hopeful bid walls. So, STHs are sitting pretty on those 8% unrealized gains now, which means a fresh round of profit-taking could be just around the corner. Brace yourselves.
Bitcoin liquidity stacks near resistance
Bulls have the honor of rewriting the script here. No pressure.
After BTC couldn’t hold onto $116k, it threw two not-so-great parties at $112k and $107k, aka two lower lows that scream “I might drop further” if the support gives up the ghost.
Also, after bouncing 8% weekly and looking like a champ for a hot minute, BTC’s been caught with its hand in the cookie jar – two straight red days, weak hands cashing out, and a chunky $40 million long liquidity cluster lounging around $114k like it owns the place.
Put simply: liquidity is piling up around that pesky Bitcoin resistance.
Mix that with the weak hands slinking off stage left, and you’ve got the perfect recipe for a mid-July style drama-or as the bulls hope, a cunning trap for those late bears. Fingers crossed, eh? 🤞
BTC Order Book hints at short-term support
The Bitcoin Order Book is playing peekaboo with us.
At press time, BTC/USDT orders showed $32 million queued up below current prices, ready to snap up dips, while $22 million in sell orders lurked just above. Translation? Buyers like bargains way more than sellers like hype.
Simply put: traders would rather dive in on a dip than bail out on a rally. Makes sense, right?
Meanwhile, the big kahunas – institutions – are throwing close to $2 billion into ETFs this week alone, clearly thinking they’ve got the secret sauce. 🤑
This only confirms what AMBCrypto’s been whispering: retail is playing defense, while the smart money is quietly stacking chips like it’s a poker game in Vegas.
At the same time, STH NUPL slid to 0.3 from yesterday, meaning some of the weak hands are still nervously tap-dancing their way out.
But as long as those bids keep piling up below, Bitcoin looks set to storm past the $116k supply barricade.
Once that fortress falls, expect some classic FOMO-fueled fireworks with a quick retest of $120k on the horizon. Hold onto your hats! 🎢
Read More
- Brent Oil Forecast
- Silver Rate Forecast
- USD CAD PREDICTION
- EUR USD PREDICTION
- EUR NZD PREDICTION
- Gold Rate Forecast
- EUR ZAR PREDICTION
- EUR JPY PREDICTION
- RENDER PREDICTION. RENDER cryptocurrency
- EUR TRY PREDICTION
2025-09-14 14:22