Bitcoin’s short rally to $100K records 5.4K BTC monthly flow.
Bitcoin (BTC) closed the January 6 daily candle at $102,180 after another round of positive exchange-traded funds (ETF) worth $978.6 million. However, prices fell sharply on January 7 as traders expected BTC to retest the $100,000 level.
Despite these short-term BTC weaknesses, significant investor activity has been observed on major exchanges, indicating a high level of urgency.
Bitcoin investors on Binance have hinted at the stock
CryptoQuant-certified analyst Burak Kesmeci highlighted that the 14-day simple moving average (SMA14), which tracks Binance's net flow, has turned negative. As shown in the chart, whenever the SMA14 turns negative, BTC shows a bullish trend on the charts.
Net flow of Bitcoin exchange on Binance. Source: CryptoQuant
Additionally, Bitcoin outflows on Binance reached 5,407 BTC, the highest amount in the last month. Commenting on the development, the analyst said:
“Both metrics confirm that investor behavior on Binance is leaning towards accumulation. This trend strongly supports the case for an upward move in the price of Bitcoin in the short term.”
American retail investors, in conjunction with Binance traders, signaled a revival of buying pressure after the Coinbase Premium Index turned positive in 2025. Previously, when the index crossed above the SMA14 line, BTC moved from $69,000 to $108,000 in Q4 2024.
Related: Bitcoin Gurus See These BTC Price Levels Hit $100K Next
Bitcoin needs to hold $98,000 to hit new ATHs.
The Bitcoin community's $100,000 celebration was cut short as BTC canceled the previous day's returns. However, from a technical point of view, it does not destroy the labor market structure.
Bitcoin 4-hour chart. Source: Cointelegraph/TradingView
As noted in the chart, Bitcoin's current move from $102,000 to below $98,000 is between liquid pools. Liquidity pools are where traders place their positions such as limit orders, sell orders, stop losses and take profits. Therefore, the price often fluctuates between these ranges.
BTC's rise above $99,000 on January 6 cleared the equal high (EQ) created on December 21 and 26. Sellers later sold their positions around the supply zone, leading to the current price decline.
Considering the same market behavior, BTC can clear the same lows of $97,377 and around $96,700 before breaking out of the order block at $96,700.
Therefore, a daily close above $97,000–$98,000 will allow Bitcoin to maintain its massive structure.
Michael van de Pop, founder of MNCcapital, highlighted a similar price level to retest after BTC crosses above $100,000 in the first week of 2025.
“I would like to see the $98,000 seized. If that continues, I expect a new ATH to follow.”
Related: How High Can Bitcoin Price Go?
This article is not intended for general information purposes and should not be construed as legal or investment advice. The views, ideas and opinions expressed herein are solely those of the author and do not necessarily represent the views and opinions of Cointelegraph.
