Bitcoin Price Rebound Stalls at $103K as 30% of BTC Turns Red

Bitcoin Price Rebound faced a temporary halt at the $103,000 level during Wednesday’s Wall Street open, signaling uncertainty after recent heavy losses. Despite a modest uptick, the leading cryptocurrency continues to test critical support zones as traders assess whether whales can lift the market out of its current stagnation.

The chart below from CoinMarketCap illustrates Bitcoin’s price movement over the past month, showing a clear pattern of heightened volatility as the asset tested support near $100,000 before rebounding toward the $103,000 mark. This one-month view highlights how short-term liquidations and shifts in market sentiment have influenced price swings. The current trend suggests that Bitcoin is consolidating within a tight range as traders wait for stronger buying signals to confirm whether the recent Bitcoin Price Rebound can sustain momentum or fade into another correction phase.

Bitcoin Price Rebound and Market Recovery Signs

Data from Cointelegraph Markets Pro and TradingView showed that Bitcoin rose by about 1.5% on the day, reclaiming some ground after its steep decline below $100,000, the lowest point since June 22. The fall triggered significant liquidations across the market, with long positions worth over $1.7 billion wiped out in just 24 hours, according to analytics resource CoinGlass.

As the dust settled, derivatives traders began repositioning. Market analyst Skew noted that aggressive long positions were reappearing following the steep drop, indicating renewed trader optimism. Yet, the rebound remains cautious, with liquidity metrics showing mixed signals.

Bitcoin Price Rebound Meets Derivatives Pressure

Another commentator, known as Exitpump, pointed out that order book data from Binance revealed a shift toward buying pressure. “Aggregated spot orderbooks depth delta on the deepest scale has finally flipped green showing signs of upcoming bottom, 10% depth is already very positive,” he wrote. However, he cautioned that this indicator tends to lag and that any potential recovery might take time to materialize.

The reemergence of bullish sentiment was visible across futures markets as open interest decreased and leveraged longs were flushed out. Trader BitBull analyzed Bitcoin’s liquidation map, observing that most long positions had already been cleared around the $97,000 to $99,000 range. This reset could pave the way for more sustainable growth, but liquidity clusters remain key to the next major price move.

Liquidity Clusters Shape Bitcoin Price Rebound Outlook

According to BitBull, four significant liquidity clusters lie above the current price, around $102,500, $111,500, $116,000, and $117,500. These zones could act as short-term resistance points but may also attract whale activity, as large holders often target areas with concentrated liquidity to trigger price movements.

“I don’t think whales will ignore these big liquidity clusters,” BitBull remarked, implying that these levels may determine whether Bitcoin breaks higher or consolidates further.

Bitcoin Price Rebound and On-Chain Loss Levels

While traders focus on technical signals, on-chain data offers a broader perspective on market sentiment. Analytics platform CryptoQuant reported that nearly 30% of the total Bitcoin supply was held at an unrealized loss as of Tuesday. Contributor I. Moreno noted that this metric highlighted the growing share of holders “underwater” on their investments.

At a Bitcoin price of $100,000, almost one-third of holders were experiencing losses. Historically, such levels have coincided with strong accumulation phases rather than market collapses. “While this might sound alarming, history shows that such levels have often marked local bottoms rather than breakdowns during bullish cycles,” Moreno explained.

These findings suggest that current loss ratios could reflect capitulation stages where sellers begin to exhaust themselves. Such conditions, though stressful in the short term, have often preceded substantial rebounds in past bull cycles.

Bitcoin Price Rebound Linked to Market Sentiment and Whale Behavior

Market psychology continues to play a pivotal role in Bitcoin’s trajectory. Traders are closely watching large-scale holders, commonly known as whales, who often have the ability to shift short-term momentum. With most leveraged long positions already liquidated, whales may find it easier to push prices toward higher liquidity areas.

The broader crypto market sentiment, however, remains cautious. While many traders view this as a potential bottoming scenario, others emphasize that macroeconomic factors and broader risk appetite will ultimately determine Bitcoin’s medium-term direction.

Bitcoin Price Rebound Compared to Past Cycles

Historically, similar drawdowns followed by partial recoveries have often occurred during major bullish trends. For instance, during the 2021 and 2023 bull cycles, Bitcoin faced corrections of up to 25% before regaining momentum. Analysts suggest that the current situation could fit a similar pattern, where temporary price dips allow for market rebalancing.

In past instances, when around 25–35% of the Bitcoin supply was at a loss, the asset typically entered accumulation zones. This phase usually preceded sustained upward trends as market participants regained confidence and liquidity pressure eased.

Technical Levels Defining the Next Move

Traders are monitoring several critical levels for signs of continuation. The $97,000–$99,000 area serves as strong support, reinforced by liquidation data. On the upside, a breakout above $103,500 could lead to retests of the $111,000 and $116,000 resistance zones.

Short-term price action may remain volatile as traders balance between hope for recovery and fear of further correction. A decisive move above $117,500 would confirm renewed bullish momentum, while a drop below $97,000 could extend the downtrend.

Bitcoin Price Rebound and Market Liquidity Dynamics

Liquidity conditions have improved slightly, as shown by deeper order books on major exchanges like Binance and Coinbase. The green shift in aggregated spot depth indicates fresh demand, though analysts caution that sustained buying volume will be necessary for a full recovery.

Long liquidations have already eased, suggesting that the worst of the deleveraging might be over. Nevertheless, thin liquidity at higher levels could cause sharp price swings if whales decide to exploit liquidity pockets.

Outlook: Bitcoin Price Rebound or Consolidation Phase?

With roughly 30% of Bitcoin’s circulating supply underwater, the market faces a crucial crossroads. Historically, such loss levels have preceded significant reversals, but traders remain wary of premature optimism.

The interplay between whale activity, derivatives positioning, and on-chain sentiment will likely dictate Bitcoin’s next major move. If buying pressure consolidates above $103,000, analysts believe a sustained Bitcoin Price Rebound toward the $110,000 region could follow. However, if demand weakens, the cryptocurrency could enter a prolonged consolidation phase before attempting another leg upward.

For now, Bitcoin stands at a psychological and technical inflection point. The $103,000 barrier remains both a symbol of resilience and a test of market conviction. Whether the next chapter is a breakout or a breather will depend on how traders, institutions, and whales interpret this delicate balance.

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