Bitcoin Futures Market Shows Signs of Exhaustion Amid Price Stability Above $80K

Bitcoin has demonstrated remarkable resilience by maintaining its value above the $80,000 threshold, yet recent data from the futures market indicates growing trader conservatism. Since February 2025, key futures indicators have trended downward, reflecting a shift in market sentiment. The sentiment index, now hovering near its lowest support level, suggests increasing bearish expectations among traders. Meanwhile, Bitcoin’s price has oscillated between $70,000 and $80,000, a range that underscores prevailing market uncertainty. According to CryptoQuant, there remains a strong correlation between Bitcoin’s price movements and futures market sentiment, highlighting the interplay between spot and derivatives markets. This analysis delves into the current state of Bitcoin’s futures market and what it could mean for the cryptocurrency’s near-term trajectory.

Futures Market Shows Signs of Exhaustion as Bitcoin Holds Above $80K

Bitcoin has maintained a high value above $80K, but futures indicators have declined since February 2025, suggesting trader conservatism. The sentiment index, close to its lowest support level, anticipates bearish expectations in the futures market. BTC price fluctuates between $70K and $80K, interpreted as market uncertainty. CryptoQuant data reveals a strong correlation between Bitcoin’s price and sentiment in the futures market. The indicator contracted as Bitcoin rose above $100K, then rose to a high level before declining, showing initial signs of indecisiveness in futures trading.

Bitcoin Supply In Profit Remains Above Key Level—Bull Cycle Intact?

On-chain data reveals that the Bitcoin Supply in Profit has not dropped below 70% during the current cycle, which could be a positive sign for BTC. The ’Supply in Profit’ indicator tracks the percentage of the total BTC supply in circulation held at a net unrealized profit, based on the transaction history of each coin.

Bitcoin Price Range-Bound—But a Move Higher May Be Brewing?

Bitcoin price struggled near the $86,500 zone and started a fresh decline below the $85,500 and $85,000 levels. It tested the $83,200 support with a low at $83,171 and recently corrected some losses, moving above the $83,800 level. BTC is now consolidating and might attempt to clear the $85,200 resistance zone. There is also a connecting bearish trend line forming with resistance at $84,800 on the hourly chart.

Bitcoin Price Holds Steady, But Futures Sentiment Signals Caution

Bitcoin (BTC) has seen a steady rise in price from November 2024 to February 2025, peaking at $101,000. However, following US President Donald Trump’s tariff announcements, BTC, along with other risk-on assets, experienced a significant pullback. After hitting a potential local bottom of $74,508 on April 6, BTC has recovered some of its recent losses and is currently trading in the mid $80,000 range. Despite this recovery, Bitcoin’s futures sentiment index signals caution.

Bitcoin Faces Pressure from Chinese Sell-Off Plans

A new report by Reuters suggests that China may liquidate large amounts of confiscated Bitcoin, exerting downward pressure on BTC’s price. Local governments have been engaging private companies to convert seized Bitcoin into cash to bolster public finances strained by a slowing economy. Legal experts and officials are calling for clearer regulations, and one professor described these disposals as a makeshift solution not fully in line with China’s current policies.

Bitcoin Drops to $83,380 Amid China Sell-Off and Meliuz’s BTC Purchase

Bitcoin edged lower on Wednesday, slipping 0.29% to $83,380 as bulls and bears battled for control. The decline follows sell-offs from a major government holder, presumably China. On the positive side, Brazilian fintech firm Meliuz confirmed its intention to add Bitcoin to its corporate treasury strategy, already holding 45 BTC worth around $4.1 million. A shareholder vote on May 6 will determine whether BTC officially becomes a long-term reserve asset. This announcement sent CASH3 shares soaring 14% on the day and up 27% over five days, sparking optimism across Latin America’s corporate crypto landscape.