Bitcoin Selling Pressure Cool Down as Buyers Step In: Is $107k Next for BTC?

Key Insights

• Bitcoin selling pressure has cooled down after market rebounded

• Buyers have pumped fresh capital absorbing Bitcoin's selling pressure

After a difficult period following the Middle East crisis between Iran, the US, and Israel, the market saw massive selling activity. With a ceasefire pausing the conflict, the Bitcoin market appears to be entering a more stable phase.

Also Read: Bitcoin Exchange Depositing addresses hits a 10 year low

 Recent data from the UTXO Block Profit/Loss Count Ratio Model shows a sharp shift in market sentiment and investor behavior that may support a more balanced price environment moving forward.

Bitcoin Selling Pressure Cools Down as Market Rebounds 

At Bitcoin's recent all-time high of $112,000, the UTXO Block P/L Count Ratio indicator reached 34,000 points. This level reflected a wave of profit-taking, as many investors rushed to sell their coins at significant gains. 

BTC UTXO Block P/L Count Ratio Model illustrating the relationship between Bitcoin price, block profit/loss counts, and various moving averages over time, highlighting significant fluctuations and market trends since 2015.

Such elevated levels are historically linked to market tops, where sharp selloffs and corrections often follow.

However, the market trend has reversed significantly. According to Axel Adler, this metric has dropped drastically to just 216 points. 

These low levels suggest that most of the profitable selling has already occurred, and there’s now Bitcoin selling pressure has significantly reduced among investors who are in profit.

While profit-taking has cooled, the increase in transactions realized at a loss is a sign that the market may have bottomed out temporarily. 

When investors stop selling at profits and more are either holding or realizing losses, it indicates that most of the weak hands have likely exited.

Analysis of Bitcoin Investor Behavior: This chart illustrates Bitcoin price trends alongside investor behavior metrics over time, highlighting key market cap shifts and price levels, including a recent peak at $77K and an increase of $66B.

Additionally, since April 13, the Realized Cap of the 0–1na month holder group (new buyers) has increased by $66 billion. This uptick points to heavy market activity by recent entrants, individuals, or entities who purchased BTC within the last month.

Despite these recent buyers locking in profits, selling about 720,000 BTC, the price of Bitcoin has stayed within a relatively tight range. This shows that the market has enough demand to absorb Bitcoin's selling pressure without triggering a steep decline.

What This Means for BTC Going Forward

The combination of falling profit-taking, reduced Bitcoin selling pressure, and new buyer strength suggests that Bitcoin may be entering a consolidation phase rather than a breakdown. 

The panic selling is likely behind us, and the market is now supported by buyers stepping in at lower price levels.

While short-term volatility is always possible in crypto markets, the current on-chain metrics indicate that a major crash is unlikely.

 Instead, the stage may be setting for a sideways movement as previously witnessed before the price dropped to $98k. 

Thus, as both long-term confidence and market stability begin to grow, we could see a short-term consolidation, then a breakout.