CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino
crypto.news 2025-03-17 03:14:51

Analysis: Bitcoin bulls brace for recovery as over $10B in liquidations signal market reset

Bitcoin’s market has seen a major reset, with over $10 billion in open interest wiped out in just two months, leading analysts to believe that a Bitcoin price recovery is imminent. According CryptoQuant analyst Darkfost’s latest market analysis post on X, on Jan. 17, Bitcoin’s ( BTC ) open interest hit a record $33 billion, signaling extreme leverage in the market. However, political uncertainty tied to former U.S. President Donald Trump’s recent actions led to a wave of liquidations. https://twitter.com/darkfost_coc/status/1901368698868473975?s=46&t=nznXkss3debX8JIhNzHmzw Subsequently, nearly $10 billion in open interest vanished between Feb. 20 and Mar. 4. This sharp decline pushed Bitcoin’s 90-day futures open interest change down to -14%, often signaling market resets before price recoveries. Analysts believe that eliminating excessive speculation, these stages provide a more stable basis for future growth. You might also like: “What we’re seeing now is looking just like March 2017”. Analysts explain why Bitcoin could soon recover — or crash harder Bitcoin’s long-term outlook is still optimistic despite the decline. According to economist Timothy Peterson, April and October are usually when Bitcoin experiences the biggest seasonal gains. Peterson’s most recent analysis reveals that Bitcoin might hit new all-time highs before June, with a median target of $126,000. Bitcoin is trading near the low end of its historical seasonal range. Nearly all of Bitcoin's annual performance occurs in 2 months: April and October. It is entirely possible Bitcoin could reach a new all-time high before June. pic.twitter.com/p8upTNAkKH — Timothy Peterson (@nsquaredvalue) March 15, 2025 In addition, his “Lowest Price Forward” model, which estimates a price level that Bitcoin is unlikely to drop below in future trading, indicates that Bitcoin’s price floor has now risen to $69,000, with a 95% chance of holding. Past bull markets have shown that corrections like Bitcoin’s recent 30% pullback often precede strong rebounds. However, not all analysts are fully bullish. Benjamin Cowen, founder of Into The Cryptoverse, warned on a Mar. 15 YouTube stream that Bitcoin’s bull cycle could be in jeopardy if it drops below the 2024 highs, which is in the lower $70,000s. Cowen compares the current cycle to 2017 when Bitcoin retested the prior year’s high. He suggests the bull market might be over if Bitcoin closes in the low $60,000s. Additionally, according to Cowen, holding above $70,000–$73,000 would maintain the market’s structure. Bitcoin may signal a macro lower high later in the year if it drops below this level, which could result in a more bearish outlook by Q3. Bitcoin is still in a crucial consolidation phase , with its current price at $82,900 at the time of press. If past trends hold, this reset could pave the way for another strong rally in the coming months. Read more: Welcome to Pi Coin’s chaos — A $12b crypto, a Binance listing rumor, a frustrated community, and a CEO calling it a Ponzi

阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约