Bitcoin Indicator Shows Bears Dominate Market With Rising Volume – Details
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin is under pressure as it tests a key support level near $105K after retracing from its recent all-time high of $112K. The pullback comes amid heightened market uncertainty, triggered by the Federal court’s temporary reinstatement of former President Donald Trump’s tariffs on dozens of countries. This unexpected legal development has added new volatility to global markets, fueling speculation and nervousness across risk-on assets, including cryptocurrencies. Despite a strong uptrend in recent months, BTC now faces a critical moment. The bulls are attempting to defend the $105K–$106K region, which has emerged as a short-term demand zone. A decisive breakdown below this level could open the door to a deeper retracement, while a strong bounce may reaffirm the broader bullish structure. Adding to the caution, on-chain data from CryptoQuant shows that the Bitcoin Cumulative Net Taker Volume has turned negative, indicating increased aggressive selling. This bearish strength suggests that sellers are currently dominating market orders, potentially undermining upward momentum if demand doesn’t pick up soon. Bitcoin Holds the Line As Bears Increase Pressure Bitcoin is testing a critical support zone just above $105K, a level that could define the next phase of this cycle. After reaching an all-time high of $112K, BTC has cooled off, and now the market is on edge as global economic tensions flare. The ongoing tariff standoff between the United States and China is reshaping macro conditions, triggering volatility and defensive behavior across markets. Despite these headwinds, Bitcoin appears to be holding relatively well. Unlike equities and some risk-on assets, BTC and ETH continue to show resilience in the face of macroeconomic uncertainty. Many investors view Bitcoin as a hedge against systemic stress, and the current price action supports that thesis. Still, pressure is…
Filed under: News - @ May 31, 2025 4:23 am