Dear Bitget Insights Users,
We have noticed that some users have been frequently posting duplicate
Content in the community. Such behavior not only disrupts the community's communication experience but also seriously violates the community rules.
To prevent violations from impacting the community's safety and environment, we will implement the following measures:
1. Bans for Severe Violations
Accounts with serious violations will be banned from participating in community activities, including posting, liking, commenting, and sharing.
2. Warnings for Minor Violations
Users with less severe violations will receive warnings. Continued violations may result in account bans in the future
If you have any questions about these measures or wish to communicate further, please feel free to contact us via private message on the official Bitget Insights X account. We will actively respond and assist in resolving your concerns.
Thank you again for your understanding and support!
Bitget Insights Team
Below is the public list of users who violated rules in this issue
Banned Nicknames:
BGU****AL
ham****is
Jac****ez
BGU****1B
Mik****ce
Ele****ia
jac****ry
MR-****on
Jam****to
Sho****oo
tra****ng
Ros****er
Har****ia
BGU****4U
BGU****WV
Nad****ot
Haf****at
Cro****st
sum****di
BGU****1G
cry****ng
Leo****ry
BGU****V7
kin****01
Rob****th
Ify****pt
Cry****10
BGU****1L
Joe****gh
BGU****as
BGU****XG
Mir****an
I_****an
DON****EX
BGU****L8
Cry****nt
BGU****R1
BGU****XP
Gle****11
老****盘
BGU****L6
BGU****AF
Ka****en
BGU****SJ
BGU****F3
cry****st
Dav****on
BGU****6B
BGU****KW
Cry****es
BGU****L0
Ish****fa
Kha****eb
BGU****JC
BGU****3Z
BIT****OW
Cry****ha
can****ce
Cry****h2
🤖N****m☠
BGU****G7
jas****oy
Mr_****er
BGU****KL
BGU****XK
wal****42
RL_****ns
DL****rt
🌸a****🌸
sa****an
Zai****ts
kin****64
Ann****ne
Any****er
cry****st
Ali****el
BGU****HB
BGU****KY
BGU****BB
FAU****YU
Sha****st
Uma****02
San****23
ba****💫
Ro****eo
Jac****de
BGU****R1
Cry****ia
Nim****💞
Jim****my
Bit****ng
Mee****ii
Jam****op
Cry****ia
Ceo****er
Dav****as
Mr_****ca
kin****te
Ka****or
zai****ah
E_M****ER
Mee****02
Aro****oi
Ars****63
BGU****MV
Mar****us
GEN****QP
muh****
Mh****en
kil****as
BGU****KM
扎*布
BGU****10
BGU****D0
Nob***
Li****_$
BGU****VG
マテ****ーン
BGU****QE
Tw****ch
BGU****0R
Bitcoin: Breakout beyond 106k or drop to $91k
Bitcoin [BTC] was trading near $105,233, at the time of writing, with a 24-hour trading volume of over $52.6 billion.
While the cryptocurrency has seen a 2.58% price increase over the past day and a 2.80% rise in the past week, it continues to face challenges breaking above the $106,148.52 resistance.
According to crypto analyst Rekt Capital, Bitcoin was rebounding into the light blue diagonal resistance of its triangular pattern within the $101K-$106K range
Rekt Capital emphasized that a daily close above this diagonal resistance is critical for Bitcoin to break out of the pattern and potentially revisit range highs.
Without this confirmation, Bitcoin risks another rejection, as seen in past “upside FOMO wicks” that have led to pullbacks.
The $101,165.33 support level remains a key area for buyers. A breakdown could trigger further declines to lower targets like $91,070.40 or $87,325.43.
On-chain data reveals a decline in the number of large Bitcoin holders. Crypto analyst Ali reported d that around seventy whale entities, each holding over 1,000 BTC, have exited the network or redistributed their holdings since mid-December.
This shift could indicate reduced confidence among large investors or a change in portfolio strategies.
Santiment’s data also notes that Bitcoin is becoming less sensitive to external market factors, such as Federal Reserve interest rate policies.
While past bull and bear cycles in crypto closely followed U.S. interest rate movements, the market appears to be maturing, with Bitcoin behaving less like high-leverage tech stocks.
However, the reduction in whale activity may still create short-term uncertainty in price action.
Bitcoin’s Funding Rates, which measure the cost of leveraged long or short positions, spiked sharply in early December alongside a rise in price.
However, Funding Rates have since stabilized near 0.008%, aligning with Bitcoin’s sideways price movement through late December and January.
This stabilization suggests reduced leverage activity and reflects indecision among traders.
Despite the current pause in Funding Rate volatility, Open Interest in Bitcoin futures has increased by 3.39% to $66.06 billion, according to Coinglass.
Similarly, Options Volume was up 11.68% to $3.45 billion, indicating growing market engagement. Yet, these figures suggest traders remain cautious, with no clear consensus on Bitcoin’s next move.
The key question for Bitcoin now is whether it can achieve a daily close above $106,148.52. This would confirm a breakout and likely push the price toward $110,000.
Failure to break above this level could result in further consolidation or a pullback toward the $101K support.
As Bitcoin struggles with resistance, the redistribution of whale holdings and reduced leverage in Funding Rates signal traders are closely monitoring these levels.$BTC