Key takeaways:
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Bigcoin’s broader utoration and on-chain data suggest that the market remains at an expansion stage.
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Heavy purchase of “sharks,” and the main point of trendline support on another BTC rebound.
Bitcoin (Btc) attempted to recover one day after entrepreneurs witnessed the Largest single-day wipeout In the record, with more than $ 5.39 billion in leveraged liquid positions in 24 hours, twice as big as the “Covid-19 crash” in 2020.
Like Saturday, the BTC price bounced 8.50% after dropping locally low around $ 103,000. At the time of writing, it remains 11% from a record of $ 126,300, set earlier on Sunday.
Can Bitcoin recovery more? These three charts indicate the desired technical conditions for a potential rally in the coming days or weeks.
Bitcoin’s uptrend does not agree with $ 5.39 billion wipeout
Bitcoin’s latest correction may look noticeable in lower timeframes, but Zooming out shows that it is actually more subtle than many previous pullbacks.
In the weekly chart, the BTC dropped less than 10% to this day, especially less than 14-15% dips found in March 2025 and July 2024, both were followed by strong rebounds.
The price of Bitcoin remains well within its upward channel, a bullish structure that has guided its uttration since mid-2023.
Consumers take each time the BTC tested the lower border of this channel, which sparks new rallies towards the upper range.
The main level to watch today is the 20-week moving average (20-week MA) near $ 111,000, according to analyst Michael van de poppe.
Bitcoin’s handle above the 20-week support of the MA can mark a final capitulation stage, similar to Covid-19 crash And the Ftx below.
That will set the stage for the next major BTC uptrend to begin, with a $ 140,000-150,000 target for the end of the year.
Btc sharks buy
While many smaller traders were forced during the $ 5.39 billion extermination on Friday, medium-sized holders, also known as “sharks,” the sinking was purchased aggressively.
The Daily Shark Net Position Change, which monitors dompet holders between 100 and 1,000 BTC, has climbed 190,296, the highest level since September 2012, according to Glassnode data.
In addition, the Bitcoin supply held by the same cohort grew significantly in 2025, reaching a new record high on Friday despite the fall of the price. This indicates that there is less panic among more experienced investors.
Related: Bitcoin’s falling can bounce up to 21% in 7 days if history repeats: Economist
The purchase wave of these larger creatures can put a basis for the next major Bitcoin recovery if this trend continues.
Bitcoin bollinger bands are “squeezing” yet
Bitcoin’s Friday Correction can be a mid-cycle cooldown than starting a long bear market, according to chartist The great Mattsby.
Each previous Bitcoin Bull Run ended only after monthly Bollinger bandsAn indicator of volatility, is fully expanded, as shown in the chart below.
These bands expand when market swings increase and price movement slows down.
In previous bull cycles, including 2013, 2018, and 2021, Bitcoin sank precisely when the monthly bands were stretched away, signing excessive volatility.
At present, however, these bands are still narrow, or “crushing,” which could foresee additional price rallies if history is any indication.
Great Mattsby said:
Using history as our bear market guides will not start when the monthly bollinger bands are still squeezed. They start by the end of their expansion
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
