[Bitcoin Now] Bitcoin fluctuates in the early $100,000 range… Digesting short-term uptrend

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As of 1:50 PM on May 12, 2025

After Bitcoin formed a short-term peak, differences in trading volume and investment sentiment have been detected. While inflow liquidity is maintained, decreased user activity and net inflow conversion could pose challenges.

📈 Price now

Price $103,963 (+0.15%) Maintaining stability above the psychological resistance level of $100,000. Volatility has somewhat eased, and a sideways trend may continue for the time being.

Trading volume $46.58 billion (+2.16%) Slightly increased compared to the previous day, maintaining demand. However, trading vitality has slowed compared to the previous rapid surge period.

Daily fluctuation rate -0.15% Looking at the recent 5-day trading flow, after a sharp rise on the 6th (+6.33%), short-term fatigue is reflected with a decline (-0.32%), rebound (+1.76%), and subsequent declines (-0.62%, -0.15%). This is interpreted as gradually returning the rise after a strong upward movement, currently entering a phase of market digestion and profit-taking.

Asset comparison S&P500↓·Gold↓ Last Friday (9th), S&P500 dropped 0.07%, and gold prices fell 1.84%, showing a weak trend across traditional assets. Amid concerns of liquidity tightening, both safe and risky assets experienced slight adjustments, while the digital asset market centered on Bitcoin shows a relatively stable trend.

MACD +636.18 The MACD indicator maintains a strong rebound energy of +636.1. The weekly indicator is +683.09, also showing a reversal trend and raising expectations for medium-term trend recovery.

❤️ Investor sentiment now

Dominance 61.9% (+0.81%) Bitcoin's market share is again showing an upward trend, continuing the phenomenon of relative stability and concentrated supply and demand.

Fear & Greed Index 73 (Greed) Quickly transitioned from neutral to greed phase last week. While short-term optimism is strengthening, the possibility of overheating should also be considered.

Google Trend Score 79 Declined from the recent peak (100) but still at a high level. Market interest is maintained near the psychological peak.

🧭 Market now

SSR 17.5 As the BTC price ratio to stablecoins increases, price pressure has somewhat grown. Short-term upside potential may be limited.

NUPL 0.566 The net realized profit/loss indicator has risen to 0.566, increasing the proportion of investors in a profit state. This is similar to the period when profit-taking began in past cycles, suggesting the possibility of some selling pressure in the short term.

Exchange balance 2,458,800 BTC Bitcoin exchange holdings increased by 0.08% to 2,458,800 BTC compared to the previous day. The increase in holdings may reflect on-chain movement for profit-taking, interpreted in line with the recent trend of investor profit realization.

Exchange net inflow +1,957 BTC The net inflow of Bitcoin exchanges increased by 1,957 BTC in a day, transitioning to a net inflow trend. This means that the potentially sellable volume in the market has increased short-term, suggesting that some market pressure may resurface.

Active wallets 966,443 (-15.18%) Recorded 966,443, a significant 15.18% decrease from the previous day, showing a substantial slowdown in user activity. With trading and on-chain participation temporarily contracting, short-term momentum appears weakened.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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