Bitcoin Traders Are Watching These Levels for Cues on Downside Risk

Stablecoin reserves on exchanges have reached their highest levels in years, a sign that investors may be preparing to deploy fresh capital, traders say.
Crypto markets are giving no return opportunities for intraday traders, but long-term market watchers say the market is in a coiled spot and key levels are to be monitored for moves on either side.
Bitcoin BTC$105,412.24 hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH$2,627.98, Cardano’s ADA ADA$0.69466, dogecoin DOGE$0.19556 and XRP XRP$2.24 showed returns under 1%. Overall market capitalization declined 1.8%.
Nick Ruck, director at LVRG Research, said the market’s shift in sentiment reflected a sense that trade tensions, and that the drag on risk assets may have been priced in.
“While the U.S. economy shows signs of contraction, investors are optimistic on tech, especially on the future outlook of Bitcoin as institutions continue to integrate further with the industry,” Ruck said, adding that despite inflation risks and uncertain macro policies, the crypto market’s long-term trajectory remains positive.
Bitcoin’s price action over the past week has been telling. According to data from Fineqia research analyst Matteo Greco, BTC ended last week week around $105,700, down 3.1% from the previous week’s close near $109,050. This came as BTC spot ETFs saw $150 million in net outflows in the the first negative print after six consecutive weeks of inflows.
“BTC reserves on exchanges continue to decline, while reserves for major altcoins such as ETH and XRP have stabilised,” Greco wrote in an email to CoinDesk.
Stablecoin reserves on exchanges have reached their highest levels in years, he added, a sign that investors may be preparing to deploy fresh capital rather than exiting the market.
Greco added that bitcoin’s market-value-to-realised-value (MVRV) ratio currently stands at around 2.2, below the historical top threshold of 3.7. That suggests we’re in the late stages of the cycle — but not at the peak yet.
Bitunix analysts pointed to the Fed’s dovish comments as a short-term boost to risk appetite, though they warned that dollar volatility could disrupt flows.
“Bitcoin’s short-term key level is at $105,000,” they said. “If it can hold above this level, it may continue to rise. Conversely, if the market shifts back to risk aversion, the key support level at $102,700 must be defended.”
As such, analysts say that if Bitcoin’s dominance begins to fade, historically a sign of late-cycle rotation, altcoins could gain momentum, marking the later innings of a bull market.
With stablecoin reserves rising and institutions continuing to integrate Bitcoin into their strategies, traders are bracing for what could be a volatile but potentially lucrative summer.
We’re hoping that the positive trend for the crypto markets continues for the long run,” LVRG’s Ruck said.
Shaurya is the Co-Leader of the CoinDesk tokens and data team in Asia with a focus on crypto derivatives, DeFi, market microstructure, and protocol analysis.Shaurya holds over $1,000 in BTC, ETH, SOL, AVAX, SUSHI, CRV, NEAR, YFI, YFII, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, VET, CAKE, AAVE, COMP, ROOK, TRX, SNX, RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, BANANA, ROME, BURGER, SPIRIT, and ORCA.He provides over $1,000 to liquidity pools on Compound, Curve, SushiSwap,...
https://www.coindesk.com/markets/2025/06/04/bitcoin-traders-are-watching-these-levels-for-cues-on-downside-risk
#crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT!
This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.
bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple

Видео Bitcoin Traders Are Watching These Levels for Cues on Downside Risk канала Crypto World Daily