Stay Ahead of the Curve: Blockchain News and Insights Delivered by On-Chain Media
LATEST NEWS
 Apr 25, 2025    |    5 months ago

Bitcoin Surges By 12% in 7 Days, Hits 2-Months High: Is a Rally to $100k Ahead?

profile

Edward Mutua

243
0   comments

key Insights:

 

 

 

  • BTC is up by 12.65% over the past week. 

 

 

  • While short term holders are selling, demand from exchanges as absorbed the pressure. 

 

 

  • Markets are experiencing high demand for short positions resulting to a short squeeze

 

 


 

 

Bitcoin Surpass $94k But STHs Continue to Sell

 

 

Over the past day, Bitcoin [BTC] has surged to hit its highest levels since March 3, 2025. In fact, Bitcoin has traded above $95k for the first time in almost 2 months.

 

 

As of this writing, Bitcoin was trading at $95096. This marked a 12.65% increase in weekly charts. Although prices are seeing massive pumps, BTC's short-term holders are taking a different path.

 

 

Short-term holders have taken advantage of the recent rally to make a profit. This group of holders has been at a loss for the past three months. After surpassing their realized price of $92k three days ago, they are now actively selling coins thus slowing growth.

 

 

Crypto Quant

 

Despite increased selling activity from STHs, Over the past three days, demand on exchanges has completely absorbed this sell-off. We can see this demand as exchange netflow has declined to hit the highest negative value in 30 days.

 

 

Currently, the exchange netflow sits at -$28.3 million. The drop here suggests increased accumulation with outflows outweighing inflows. Thus, buyers are dominating the market.

 

 

Crypto quant

 

 

Over the same period, Open Interest in perpetual swaps has risen to 281K $BTC, up +15.6% since early March. This suggests a build-up of leverage in the market as prices rebound, increasing the potential for amplified volatility via liquidations and stop-outs.

 

 

Is Bitcoin Experiencing a Short Squeeze?

 

 

Despite the rising OI, the average funding rate has declined to -0.023% according to Glassnode. A negative funding rate means that markets are experiencing a high demand for short positions relative to long ones.

 

 

This suggests that BTC traders are fading the rally setting up a possible short-squeeze scenario as prices continue to rise.

 

 

Glassnode

 

 

This market behavior is further evidenced by the fact that the 7DMA of long-side funding premiums has declined to $88k/hour and continues to drop. Such a decline points to a reduced appetite for BTC long positions thus reinforcing our earlier observation that short bias dominates current perptual swap positions.

 

 

With short positions dominating the market, it suggests that Bitcoin's rally to $95k is driven by a short squeeze. Often, when traders take a high amount of short positions, prices rise resulting from a high buying pressure from shorts.

 

 

As prices rise higher, they rush to cover their positions resulting in a short squeeze. This buying pressure leads to higher prices.

 

 

What Next for BTC

 

 

Currently, Bitcoin is experiencing strong upward momentum as buyers dominate the market. The only barrier to further rallying is the short-term holders.

 

 

For this cohort, the next level to watch is $96k which is the average entry price for the STH cohort holding coins for 3-6 months. A breach of this resistance level will strengthen BTC to rally past $100k as all short-term holders will be in profit.

 

 


 

 

 

DISCLAIMER

On-Chain Media articles are for educational purposes only. We strive to provide accurate and timely information. This information should not be construed as financial advice or an endorsement of any particular cryptocurrency, project, or service. The cryptocurrency market is highly volatile and unpredictable.Before making any investment decisions, you are strongly encouraged to conduct your own independent research and due diligence

Tags :

Trending
Web 3
Crypto
Latest

ad

0   Comments

Recommended For You

Show More

...
Vijay Kumawat    |  Oct 29, 2025
Crypto Super App Development: High Security, Low Cost—Here’s How

Learn how to develop a crypto super app with top-notch security at minimal cost. Build a secure, feature-rich, and user-friendly crypto platform today.

...
Ossai Joel    |  Oct 13, 2025
Hyperliquid Founder Criticizes Binance for Underreporting Liquidations

Hyperliquid founder criticizes Binance’s liquidation data, claiming major underreporting of liquidations during volatile periods and highlighting transparency in DeFi.

...
Kate Wilson    |  Oct 10, 2025
Wallet-as-a-Service: The Secret Weapon Web3 Founders Can’t Ignore

By replacing months of complex wallet development with plug-and-play infrastructure, WaaS helps teams focus on users, not code.

Got A Story? Submit Your Article & Get Access To Free Editorial Support!

Support On-Chain Media

On-Chain Media is an independent, reader-funded crypto media platform. Kindly consider supporting us with a donation.

BTC:

bc1qp0a8vw82cs508agere759ant6xqhcfgcjpyghk

ETH:

0x18d7C63AAD2679CFb0cfE1d104B7f6Ed00A3A050

SOL:

CBaXXVX7bdAouqg3PciE4HjUXAhsrnFBHQ2dLcNz5hrM

GlobeNewswire Press Releases

Contains the last 12 releases