Bitcoin Holds Steady at $107K: Is This the Calm Before the Next Crypto Storm?
Bitcoin's price action has gone eerily quiet—hovering around $107,000 like a coiled spring. Traders are left wondering: consolidation before liftoff, or the prelude to a shakeout?
The king of crypto isn't giving any clear signals. No wild swings, no panic sells—just a stubborn refusal to budge from its current perch. Meanwhile, altcoin traders are either sweating their leverage positions or praying for a volatility spike to justify their existence.
Wall Street analysts are already spinning this as 'healthy equilibrium' (translation: we have no idea what happens next). Meanwhile, decentralized finance degens are quietly stacking satoshis—because when traditional finance starts making sense, that's usually when crypto does the exact opposite.
One thing's certain: in a market where 'stable' is the most unstable adjective, this weekend's calm could be Monday's hurricane. Just ask the last guy who thought $100K was 'resistance.'
Bitcoin Price Consolidates at $107K
Bitcoin’s price didn’t go through any major moves during the past day and continues consolidating at around $107,000.
The absence of volatility is also seen in the level of liquidations, which has declined by 4% on the daily, currently standing at around $200 million, according to Coinglass. The majority of them are short positions, meaning that the bulls are defending this area successfully, at least so far.
As seen in the chart below, the price has managed to recover from the losses endured last weekend following the US strike of strategic Iranian nuclear bases.
That said, as CryptoPotato reported, the number of larger wallets, holding 10 BTC or more, hit 152,280, which is the highest since March. This signals that deep-pocketed investors show a lot of confidence and might be positioning themselves for an incoming rally.
Altcoins Trend Flat but Leaning Bullish
The majority of large-cap altcoins are trading in the green. They are not charting any significant gains, but the heatmap is obviously leaning bullish.
Notably, Ripple’s XRP is charting gains of more than 4% on the day, being the best-performing altcoin from the top 10 by means of total market capitalization.
Bitcoin’s market dominance is down by around 0.5% in the past 24 hours, which shows that the altcoins are attempting to capitalize on its flat trend. It’s interesting to see if this will continue.
The best performer today is Quant (QNT), which is up 6.5%, followed by SPX6900 and Jupiter (JUP), both of which are up by 5.3% and 4.8%, respectively.
On the other hand, Aptos, Pi Network, and SEI are today’s worst performers, down by 7.7%, 3.8%, and 3.6%.
