{"id":30106,"date":"2025-06-04T07:16:58","date_gmt":"2025-06-04T07:16:58","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=30106"},"modified":"2025-06-04T07:16:58","modified_gmt":"2025-06-04T07:16:58","slug":"bitcoin-traders-are-watching-these-levels-for-cues-on-downside-risk","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=30106","title":{"rendered":"Bitcoin Traders Are Watching These Levels for Cues on Downside Risk"},"content":{"rendered":"<div>\n<p>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.<\/p>\n<p>Bitcoin BTC hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH, Cardano\u2019s ADA ADA, dogecoin DOGE and XRP XRP showed returns under 1%. Overall market capitalization declined 1.8%.<\/p>\n<p>Nick Ruck, director at LVRG Research, said the market\u2019s shift in sentiment reflected a sense that trade tensions, and that the drag on risk assets may have been priced in.<\/p>\n<p>\u201cWhile 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,\u201d Ruck said, adding that despite inflation risks and uncertain macro policies, the crypto market\u2019s long-term trajectory remains positive.<\/p>\n<p>Bitcoin\u2019s 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\u2019s 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.<\/p>\n<p>\u201cBTC reserves on exchanges continue to decline, while reserves for major altcoins such as ETH and XRP have stabilised,\u201d Greco wrote in an email to CoinDesk.<\/p>\n<p>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.<\/p>\n<p>Greco added that bitcoin\u2019s market-value-to-realised-value (MVRV) ratio currently stands at around 2.2, below the historical top threshold of 3.7. That suggests we\u2019re in the late stages of the cycle \u2014 but not at the peak yet.<\/p>\n<p>Bitunix analysts pointed to the Fed\u2019s dovish comments as a short-term boost to risk appetite, though they warned that dollar volatility could disrupt flows.<\/p>\n<p>\u201cBitcoin\u2019s short-term key level is at $105,000,\u201d they said. \u201cIf 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.\u201d<\/p>\n<p>As such, analysts say that if Bitcoin\u2019s dominance begins to fade, historically a sign of late-cycle rotation, altcoins could gain momentum, marking the later innings of a bull market.<\/p>\n<p>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.<\/p>\n<p>We\u2019re hoping that the positive trend for the crypto markets continues for the long run,\u201d LVRG\u2019s Ruck said.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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 hovered just above $105,000 on Wednesday, showing a steady rise from earlier in the week. Ether ETH, Cardano\u2019s ADA [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-30106","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30106"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/30106\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=30106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=30106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}