Bitcoin (BTC) has been attempting to reclaim the $100,000 mark but remains resilient above the $96,000 level after experiencing a sharp market-wide selloff. A significant drop of over 9% within 24 hours on Sunday night and early Monday led to extreme volatility, primarily impacting altcoins. However, Bitcoin quickly rebounded, surging more than 11% on the same day, reaffirming its strength compared to the rest of the market.
Despite ongoing market uncertainty, key on-chain metrics indicate that Bitcoin remains in a bullish phase. Notably, renowned analyst Axel Adler shared insights revealing that the Bitcoin Coinbase Flow Pulse is signaling strong institutional interest. This metric tracks BTC inflows and outflows on Coinbase, one of the largest U.S.-based exchanges, offering insight into the behavior of major financial players. The absence of significant BTC outflows, which typically occur during bear markets, suggests that institutional investors are still accumulating Bitcoin rather than selling it off.
Institutional Demand Fuels Bitcoin’s Strength
Bitcoin’s ability to stabilize above crucial support levels has fueled optimism in the market. Analysts now closely monitor whether BTC bulls can reclaim $100,000 and sustain upward momentum. If institutional accumulation continues at this pace, Bitcoin could soon break above its all-time highs. However, should BTC lose the critical $96,000 support level, selling pressure could intensify, potentially leading to another market correction.
Bitcoin remains in a consolidation phase, trading within a range between strong demand around $90,000 and a major supply zone near its peak price levels. Several external factors, including global trade war fears and regulatory uncertainty, have contributed to price fluctuations, but institutional demand remains a dominant force keeping Bitcoin’s long-term trajectory bullish.
Coinbase Flow Pulse Indicates Accumulation Trend
Axel Adler’s analysis of on-chain data highlights that institutional investors are playing a crucial role in Bitcoin’s price action. The Coinbase Flow Pulse tracks BTC movements across Coinbase and other major exchanges, giving a clear picture of supply and demand dynamics. The latest data indicates that Bitcoin is in a bullish accumulation phase, driven largely by institutional entities seeking exposure to the top cryptocurrency.
The increased institutional activity aligns with Bitcoin’s historical bull cycles, where major financial players accumulate BTC during periods of high volatility before a breakout. If this trend persists, Bitcoin could be on the verge of a significant rally, surpassing its previous all-time highs.
Bitcoin’s Next Move: Will It Breakout Above $100K?
The market’s attention now shifts to Bitcoin’s ability to reclaim $100,000 and maintain momentum. Institutional demand, along with macro-economic conditions and global market sentiment, will play a key role in BTC’s next major price movement. If Bitcoin holds its ground above $96,000 and continues to see strong inflows, a new bullish breakout could be imminent.
Conversely, if market sentiment shifts negatively and Bitcoin loses key support levels, traders may witness another wave of selling pressure. The next few days will be crucial in determining Bitcoin’s trajectory as it navigates through volatility and shifting investor sentiment.
