The post Bitcoin (BTC) Faces Potential Rebound Amid Diverging Metrics and Resistance Challenges appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) is showing potential recovery as whale inflows increase, yet underlying metrics and resistance levels caution against immediate bullish predictions. BTC whale inflows jumped 26% this week, but long-term outflows still outweighed accumulation. Bitcoin’s price divergence and valuation conflict may delay a clean breakout above $98K. Bitcoin displays a mix of short-term optimism and long-term caution as whale activity increases while selling pressure remains prevalent. Whale accumulation shows short-term inflows, but caution persists Recent data indicates a surge in whale activity, with Large Holder Netflow increasing by 26.41% over the past week. This surge is a crucial signal, reflecting a measure of confidence among larger holders in the current price range. Nevertheless, the broader sentiment remains somewhat pessimistic due to the drastic decline in the 30-day and 90-day Netflows, at -108.09% and -110.13%, respectively. This suggests that, despite the recent gains in inflows, long-term selling pressure could hinder BTC’s ability to maintain upward momentum. Source: IntoTheBlock The on-chain activity paints another layer of complexity. Glassnode data shows 925,914 active addresses in the last 24 hours, marking the highest engagement level in six months. This uptick might suggest heightened interest in Bitcoin, yet metrics from Santiment show a concerning divergence: the Price DAA Divergence stands at -225.82%, indicating that price movements are surpassing organic address growth, highlighting a potential bubble risk. Source: Santiment Valuation metrics reveal conflicting signals across BTC’s market health Valuation models currently provide mixed signals. The Puell Multiple rests at 1.36, indicating that miner revenues remain healthy. Conversely, both the NVT and NVM ratios have surged by 50% and 26%, respectively, which suggests that Bitcoin’s market capitalization is increasing at a rate faster than its transaction and user engagement metrics. Further complicating the outlook, the Stock-to-Flow Ratio has decreased by 50%, leading to skepticism regarding long-term scarcity…

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Filed under: News - @ May 4, 2025 11:17 am