Bitcoin Holds Strong at $104K After Fed Pause — Rally Ahead? – Coincu

Key Points:

• Bitcoin forms stable base at $104K as traders react to Federal Reserve’s steady interest rates.
• Open interest falls on Binance, signaling market deleveraging and possible price reset for BTC.
• Whale activity surges on Binance while low inflows suggest holders expect further price upside.

Bitcoin price is trading at $104,852 at press time, showing a small decline of 0.08% over the past 24 hours and a 2.89% drop over the past week. The price range today has stayed between $103,832 and $105,273, while the seven-day range sits between $103,639 and $108,771.

After the Federal Reserve’s decision to keep interest rates unchanged, Bitcoin appears to have stabilized just above $104,000. On Binance, this level has served as a strong demand zone, absorbing repeated sell pressure and preventing a larger drop in price. 

CryptoQuant analyst Amr Taha notes that BTC has formed a pattern of equal lows at this level, confirming continued buying interest despite recent market volatility.

Bitcoin (BTC) Open Interest Drops as Market Deleverages

While Bitcoin’s price has remained stable, Binance data shows that open interest has been falling. This drop indicates that traders are reducing leverage by closing positions. The combination of steady price and declining open interest often suggests a market reset, as speculative positions are cleared out.

According to Amr Taha, a liquidation cluster has formed around the $104,000 level. This area has seen a sharp increase in forced closures of long positions, with minimal activity on the short side. The imbalance highlights a strong long squeeze that may have removed weaker positions, making way for more stable price movement.

Whale Activity on Binance Gains Strength

Whale activity on Binance has grown since 2023, as measured by CryptoQuant’s whale ratio metric. This indicator increased from 0.08 in mid-2023 to 0.76 and 0.77 in 2024 and 2025. The 400% growth over this period points to stronger involvement by large holders on the exchange.

During periods of volatility in 2025, Binance users have shown a pattern of holding assets rather than selling. Both whale and retail inflows to Binance are at low levels, suggesting investors prefer to keep their Bitcoin rather than sell during uncertain conditions. Trading activity in higher-risk cryptocurrencies has stayed active, indicating that interest in the broader crypto market remains.

Key BTC Levels to Watch Going Forward

Meanwhile, crypto analyst Crypto Patel notes that Bitcoin faces resistance at $106,000. A clean move above this level could lead to a rise toward the bearish order block between $108,000 and $108,950. This zone is where the last major sell-off began, so traders are watching it closely.

On the downside, $102,000 is marked as a liquidity pool. If the asset breaks below this level, the market could see accelerated losses, with prices potentially dropping below $100,000. Patel advises monitoring the order block and liquidity zone for any change in momentum.