Bitcoin Holds Above $110000 Amid Increased Exchange Inflows and Rising Open Interest Suggesting Potential Market Consolidation

Bitcoin is holding firm above $110,000 despite over 40,000 BTC moving to exchanges and renewed activity from decade-old wallets. Neutral funding rates and surging Bybit Open Interest suggest a balanced market, with both buyers and sellers closely watching for the next major move.

Neutral funding rates and a surge in Bybit Open Interest indicate a market in consolidation, not panic.

COINOTAG analysts note that ancient wallet activity and large spot inflows are being offset by resilient net demand and medium-term buyer confidence.

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Bitcoin holds above $110,000 despite 40,000 BTC exchange inflows and ancient wallet moves; neutral funding rates and rising Bybit OI signal market resilience.

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What is driving Bitcoin’s resilience above $110,000 despite heavy exchange inflows?

Bitcoin’s resilience above $110,000 is underpinned by neutral funding rates, rising Open Interest on Bybit, and continued whale and OTC desk activity. These factors are offsetting the impact of over 40,000 BTC moving to exchanges and renewed activity from decade-old wallets, signaling balanced market sentiment.

How do funding rates and Open Interest reflect current Bitcoin market sentiment?

Funding rates across major derivatives exchanges remain flat to mildly positive, indicating minimal excessive leverage and a balanced market. Bybit’s Open Interest has surged even as prices dip, suggesting traders are positioning for volatility rather than panic selling. COINOTAG experts highlight that such setups often precede sharp directional moves.

Frequently Asked Questions

Why did over 40,000 BTC move to exchanges this week?

More than 40,000 BTC were transferred to exchanges as some holders took profits and ancient wallets reactivated. Despite this, strong net demand and cautious market sentiment have prevented a major price breakdown.

Is Bitcoin at risk of a sharp drop after these inflows?

While large inflows often signal potential volatility, neutral funding rates and rising Open Interest suggest the market is balanced. Traders are watching closely, but no clear trend reversal has emerged yet.

Key Takeaways

• Bitcoin remains above $110,000: Despite heavy selling and ancient wallet moves, BTC price shows resilience.
• Market in consolidation: Neutral funding rates and rising Bybit Open Interest point to balanced sentiment.
• Watch for volatility: Historical patterns suggest sharp moves could follow this period of tension.

Conclusion

Bitcoin’s ability to hold above $110,000 amid significant exchange inflows and ancient wallet activity highlights the market’s underlying strength. Neutral funding rates and increased Open Interest on Bybit reflect a cautious but balanced environment. As profit-taking continues, both bulls and bears are preparing for the next decisive move, making this a pivotal moment for crypto market participants.

Source: CryptoQuant

Source: Alphractal

Source: CryptoQuant