Bitcoin (BTC) is back above $80,000 for the first time in three months, yet analysts are reading the rally in opposite directions, splitting views between an upward stress test and setting up for further declines.
The disagreement extends to participation, profit streams and spot dynamics. Every analyst sees the same $80,000 move, but their conclusions about what comes next go in different directions.
Why is Bitcoin’s rise raising concerns?
In a post on X (formerly Twitter), Santiment noted what she described as a stunning breakup. Daily active Bitcoin wallets are near 531,000 while new wallet creation hovers around 203,000.
Both numbers are at two-year lows, even as Bitcoin rises 22%. During the past five weeks.
“Historically, according to Santiment data, price increases that are not supported by increased on-chain participation tend to be fragile. There is simply less ‘fuel buying’ behind the move,” mail He reads. “Ironically, the lowest levels of network activity in two years could actually signal that Bitcoin is poised for a much larger move higher. Bottoms in activity often signal the end of apathy, not its continuation.”
Follow us on X To get the latest news as it happens
Michael Nadeau, founder of The DeFi Report, also highlighted a bearish signal. Nadeau noted that BTC’s spot trading volume delta flipped positive for just a second Time for this bear market.
This indicates that buyers Turn more aggressive From sellers in the spot market. However, he noted that whenever the signal flipped positively in previous bear markets, a new correction tended to follow afterwards.
“In ’22, there were four large ‘flows’ in which sellers dominated price discovery. The third flow occurred just over 7 months after entering the bear market, and the last flow occurred more than 12 months later. We are currently entering the 7th month of the current bear market. We have just seen a wave of short liquidations push the price into key resistance, and funding rates have turned positive.”
Bitcoin Bull Issue at $80,000
On the other hand, Santiment reported net realized profits of $207.56 million on Sunday, the highest monthly rise. The rally is being read as a stress test, with BTC clearing $80,000 Despite the large supply.
“When a high level of profit taking occurs while markets are rising, it is a generally bullish signal that the uptrend could continue.” books.
Darkfeast boosted the bullish reading. Short Term Holder Gain (STH) inflows amounted to around 13,000 BTC, and weekly STH inflows on Binance reached 36,500 BTC. This number It ranks lowest Of course.
“In the absence of particularly strong demand, this downturn in sell-side pressure nonetheless supports the case for a BTC consolidation above the $80,000 level.” to publish.
Finally, the analyst plan C It expanded Lens. The analyst frames the market’s movements as part of a Bitcoin supercycle that began at the November 2022 low of $16,000. He expected a peak of over $250,000 in late 2027 to early 2028.
Right now, $80,000 is at the center of four competing narratives, and price action from here will decide which of these theses will be validated and which will be rewritten.
Subscribe to our YouTube A channel to watch leaders and journalists provide expert insights
this post Bitcoin price at $80,000 divides analysts between a bullish setup and an influx to come appeared first on BeInCrypto.
