Bitcoin is treading water just under its all-time high of $112,000, holding firm above key support at $108,000.
The market remains locked in a tight range between $103,000 and $110,000, creating a tense standoff between bullish momentum and cautious macro sentiment.
According to analyst Darkfost, sustained exchange outflows are signaling strong long-term conviction. As investors pull BTC off trading platforms, it suggests that accumulation—not profit-taking—is the prevailing trend. The exchange outflow/inflow ratio has dropped to 0.9, a level last seen during the 2023 bear market bottom—typically a bullish indicator.
This behavior reflects a shift in how Bitcoin is perceived. No longer just a speculative asset, BTC is now entering corporate treasuries and government portfolios as a hedge against fiat volatility. Institutional demand, steady adoption, and macro clarity are combining to support the digital asset’s next big move.
The broader environment is also becoming more favorable. With interest rate expectations stabilizing and economic growth forecasts improving, risk appetite is quietly returning to the market. Bitcoin’s performance during this consolidation phase is increasingly being seen as strength, not weakness—particularly as buyers continue to absorb supply at current levels.
Yet the risk of downside remains. Rising U.S. Treasury yields and persistent inflation could temporarily cap bullish momentum. A breakdown below $103K might trigger a wave of liquidations. However, with long-term holders dominating activity and new buyers entering the market, such dips may be short-lived opportunities rather than trend reversals.
As the third quarter approaches, the market appears to be gearing up for a decisive breakout. Whether that comes in the form of fresh highs or another test of support, Bitcoin’s fundamentals remain strong—and investor behavior suggests that confidence in the asset’s long-term trajectory is only growing.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/bitcoin-holds-steady-below-ath-as-outflows-signal-investor-confidence/