- Buy Crypto
- Markets
Futures- Spot
- Copy Trade
- Earn
- More
Bitcoin Rally Nears $98K Wall as Local Top Signals Flash
By: cryptosheadlines|2025/05/03 06:00:05
0
Share
Airdrop Is Live CaryptosHeadlines Media Has Launched Its Native Token CHT. Airdrop Is Live For Everyone, Claim Instant 5000 CHT Tokens Worth Of $50 USDT. Join the Airdrop at the official website, CryptosHeadlinesToken.com Bitcoin tests $98K resistance as Capo flags a local top and risk of short-term distribution.LTH profits near 350% at $99.9K, a level historically tied to cycle tops and heavy distribution.RSI nears 70 as whales withdraw $200M; Taker Buy Ratio spikes to 1.142 on Binance.Bitcoin’s strong rally from April’s $75,000 low might be at the risk of a halt as the $92,000–$98,000 resistance band stands strong. Popular market analyst Capo of Crypto warned in a recent post that the current levels may represent a local top and possible “LTF distribution.”“Above $92k–93k → Bullish, but strong resistance at $96k–98k. Below $92k → Bearish,” Capo noted, highlighting the high-risk, high-reward zone Bitcoin has entered. His chart further projects a potential “real capitulation event” if BTC is rejected from this resistance and fails to hold key support near $92,000.On-Chain Metrics: Long-Term Holders Near Peak ProfitAccording to Glassnode, long-term holders (LTHs)—those holding BTC for more than 155 days—are approaching a critical profitability threshold. The latest report shows that the average unrealized profit for these holders will hit approximately 350% if BTC reaches $99,900. This level is historically linked to large-scale distribution events where holders sell.Notably, LTH supply has increased by 254,000 BTC over the last two months. Despite their reputation for diamond hands, LTHs have shown a clear tendency to take profits near macro tops, as seen during rallies in 2021 and 2023.Related: Bitcoin (BTC) Price Prediction May 2025: Can BTC Break Above $96K or Face Resistance?Market Data: Taker Buy Ratio SpikesThe Taker Buy/Sell Ratio on Binance recently spiked to 1.142, the highest level in its current range. This indicates that market participants are aggressively buying at market price, not waiting for dips; a clear sign of bullish FOMO.Further, a sharp $200 million BTC outflow from exchanges (as per the Whales Screener) coincided with Bitcoin breaking through $96,000. This withdrawal, typically interpreted as whales moving coins into cold storage, reflects confidence and reduces immediate sell pressure on exchanges.Bitcoin Price AnalysisAs per the chart below, the Bollinger Bands (BB) show BTC pushing the upper band near $100,000, a signal of overbought conditions but also strong upward momentum. Meanwhile, mid-BB support rests near $90,000, which aligns with Capo’s short-term bearish invalidation zone. If price retraces to this area, the reaction will be critical.Related: North Carolina’s ‘Digital Asset Freedom Act’ Looks More Like a Bitcoin BillAlso, the RSI (14-day) sits at 69.66, teetering on overbought. Historically, Bitcoin can push well above 70 in parabolic rallies, but it also suggests a pullback could follow if bulls lose momentum.Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.Source link
You may also like
Predicting High-Frequency Trading Strategies in the Market, How to Ensure a Guaranteed $100,000 Profit?
The power of compounding should not be underestimated. Earning 0.5% per day through high-frequency trading can result in a much more stable return after one year compared to hitting a 10x coin flip.
This might be the average person's final opportunity to get ahead of AI
When AI has begun to independently perform tasks, even engaging in self-evolution, most people will have missed the final window of opportunity to proactively adapt.
A Day Gathering Wall Street's Old Money: LayerZero's "Mainnet Transition" Narrative
What LayerZero holds may be a backstage pass, or it could simply be an interview opportunity.
Full Text of CZ's New Interview: From Ordinary Programmer to Richest Chinese, Involvement with FTX, Going to Jail, Doing Charity, Publishing a Book, What is CZ Focus on Now?
CZ's Journey: The Most Detailed Interview
Mr. Beast is officially entering the world of finance, the Gen Z's new banker
In the financial services industry, the revenue ceiling per individual customer is 10 times higher than a chocolate bar.
SBF Appeals from Prison, Files 35-Page Motion Accusing Trial of "Collusion"
The evidence submitted in this instance is not intended to directly prove his "innocence" but rather pursues a legal strategy that questions the flaws in the judicial trial process.
Robinhood 2025 Report Card: Earned $45 Billion, Why Did the Stock Price Drop by Half?
The proportion of revenue from cryptocurrency transactions has decreased from around 35% to 17% of total revenue.
$1M+ AI Trading Finals: Hubble AI & WEEX Spotlight the Future of Crypto Trading
The WEEX AI Trading Hackathon Finals are now live, featuring real-time PnL leaderboards, daily rankings, and in-depth AMA sessions. Explore how top AI trading strategies perform under real market volatility and follow the competition as it unfolds.
WEEX Alpha Awakens Final Round Has Officially Begun
Day 1 of the WEEX AI Trading Hackathon Final Round is now live! Watch top algorithmic trading strategies compete with real capital. Follow the action from Feb 3–16, 2026, with $880K+ in prizes. Tune in live now. #AITrading #TradingHackathon
WLFI Team Meeting, Ally Meeting, Seaside Villa Cryptocurrency Business Kickoff
Lake House Estate has witnessed the entire journey of the crypto industry from its grassroots to its maturity
OpenClaw Hackathon, What are some projects worth checking out
What's new in this AI Agent-only hackathon?
The Bithumb 2000 BTC Mistake: The Fundamental Issue with CEX Ledgers
Why Can Bithumb Generate 620,000 Fake BTC in the Backend at Once?
LayerZero releases L1 chain Zero, CZ appears on the All-In podcast, what's the overseas crypto community talking about today?
In the past 24 hours, what have foreigners been most concerned about?
Binance Alpha has turned the airdrop into a "blind box" game
The user spent 15 Alpha Points to participate, but each box contains only one type of token, and you do not know which one until you claim it.
AI Wars: WEEX Alpha Awakens - The Global AI Trading Hackathon Redefining Financial Markets
Compete in WEEX's global AI trading hackathon with $880K+ prize pool. Build & test algorithms in live markets. Bentley & crypto prizes await top AI trading strategies. Join now!
Kyle Samani's Exit Scam, Is There More to the Story?
Wants to reap the benefits bestowed by the industry, yet is eager to detach from the industry quickly.
February 10th Market Key Intelligence, How Much Did You Miss?
1. On-chain Funds: $13.6M USD inflow to Base today; $15.8M USD outflow from OP Mainnet
2. Largest Price Swings: $HUNT, $WHITEWHALE
3. Top News: Consolidation continues after relief rally, summary of market bottom price predictions
Tokenomics New Paradigm? When Backpack Starts Enabling VCs to "Deferred Gratification"
Backpack's founder admitted that an IPO could be just around the corner, a distant prospect, or even an unattainable goal in the end.
Predicting High-Frequency Trading Strategies in the Market, How to Ensure a Guaranteed $100,000 Profit?
The power of compounding should not be underestimated. Earning 0.5% per day through high-frequency trading can result in a much more stable return after one year compared to hitting a 10x coin flip.
This might be the average person's final opportunity to get ahead of AI
When AI has begun to independently perform tasks, even engaging in self-evolution, most people will have missed the final window of opportunity to proactively adapt.
A Day Gathering Wall Street's Old Money: LayerZero's "Mainnet Transition" Narrative
What LayerZero holds may be a backstage pass, or it could simply be an interview opportunity.
Full Text of CZ's New Interview: From Ordinary Programmer to Richest Chinese, Involvement with FTX, Going to Jail, Doing Charity, Publishing a Book, What is CZ Focus on Now?
CZ's Journey: The Most Detailed Interview
Mr. Beast is officially entering the world of finance, the Gen Z's new banker
In the financial services industry, the revenue ceiling per individual customer is 10 times higher than a chocolate bar.
SBF Appeals from Prison, Files 35-Page Motion Accusing Trial of "Collusion"
The evidence submitted in this instance is not intended to directly prove his "innocence" but rather pursues a legal strategy that questions the flaws in the judicial trial process.
App