Bitcoin advantage reduced to $6B, new USDT Fuels Altcoin rotation – Details

0 0 3 minutes read

Bitcoin advantage reduced to B, new USDT Fuels Altcoin rotation – Details

Trusted editorial Content, reviewed by leading industry experts and experienced editors. Advertising disclosure

After an explosive multi-week rally, Bitcoin paused its upward momentum at the $105,000 level and traced its support in the $101K-$100K range. This pullback comes after a period of active buying that pushes BTC to several key resistance zones, including $90,000 and $100,000, which sparks optimism across the cryptocurrency market. While the answer may show a slowdown, many analysts see it as a healthy consolidation before another potential leg is higher.

Encrypted data adds fuel to broader bullish sentiment, indicating that over $6 billion in liquidity has entered the market through the newly issued USDT in the past 20 days. This massive capital injection brought Tether’s total market capitalization to an impressive $150 billion, further highlighting the growing investor interest. With this liquidity flowing into the ecosystem, attention is now turning to whether Bitcoin can maintain its current support zone and continue to push its all-time high.

This merger period may be critical. If BTC manages to hold more than $100,000, the bullish trend remains intact. Otherwise, deeper corrections may take place as the market digests recent gains. Now everyone’s eyes are on price behavior within this key range.

AltCoin spins accelerate bitcoin stalls below historical heights

Bitcoin is currently trading at key levels, with the Bulls struggling to defend the $100,000 area and recycle $103K to surpass the ever-high price breakthrough. Although BTC is still in a structural bullish position, it failed to push up after reaching $105K last week, triggering a retracement at the critical support level now testing. Holding a $100,000 range is crucial to avoid deeper corrections and maintaining momentum for one of the most powerful gatherings of the year.

However, attention began to shift elsewhere in the market. Top analyst Axel Adler shared his insights on X, showing that the $6 billion of fresh capital has entered the cryptocurrency space through the newly issued USDT in the past 20 days, pushing Tether’s total market capitalization to $150 billion. Although this liquidity influx initially supported the surge in Bitcoin, the trend has recently begun to favor altcoins.

Bitcoin USDT Market Cap | Source: Axel Adler on X

As Bitcoin dominance begins to decline, Ethereum and other top altcoins are absorbing meaningful capital inflows. This rotation shows that investors’ confidence in high-risk opportunities continues to increase, especially as ETH recovers key levels and Altcoins demonstrates breakthrough potential. If Bitcoin continues to merge, Altseason momentum may accelerate further in the coming weeks.

BTC test resistance as buyers defend key levels

After a sharp episode, Bitcoin is currently combining resistors below $103,600, which has brought the price from under $900 million to over $105,000 in less than two weeks. As can be seen from the daily chart, BTC repeatedly tested the $103,600 level, with the region acting as an upper limit at January and March highs. Despite multiple breakthrough attempts, prices have not yet ensured a daily close-up above this level, indicating a high supply pressure.

BTC Test Local Highs | Source: BTCUSDT Chart in Trading

Now, support is in the range of $10.K $101K, which coincides with the number of psychological cycles and previous breakthrough zones. So far, the Bulls have defended this level, showing the power to maintain the current structure. The 200-day SMA of $91,781 and the 200-day EMA of $87,508 is well below the current price level, confirming a strong uptrend for Bitcoin but also suggesting a short-term setup of overheating.

Continuous breakthroughs over $103,600 will open the way for retesting at a price of $109K. However, if you don’t hold more than $100,000, it may trigger deeper areas of lower demand. At present, Bitcoin is still in a bullish position, but the market is waiting for confirmation of the quantity and price action to verify the next action.

Featured images from DALL-E, charts from TradingView

Editing process For Bitcoin experts, focus on thorough research, accurate and impartial content. We adhere to strict procurement standards and each page is diligently evaluated by our top technical experts and experienced editorial team. This process ensures the integrity, relevance and value of our content to our readers.