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- Correction or Catapult: Bitcoin Dips While Demand Rises
Correction or Catapult: Bitcoin Dips While Demand Rises
Bitcoin’s pullback below $104K is testing nerves, but futures reset, on-chain demand, and whale moves hint at a rebound. ETH holds up on network strength, and ETF outflows raise eyebrows.
Joe G & Money Talks
May 31, 2025 • Estimated Reading Time: 5 minutes
Bitcoin is threatening to drop below the key December 2024 high of $104.5K, and if it does, analysts see a deeper pullback brewing.
Profit-taking near $111K has stalled upward momentum.
Whale balances rose 2.8%, typically a pre-slowdown signal.
“We could see a deeper correction before the next leg up,”
Analyst @AkselKibar: "Bull market intact if we hold $73.7K monthly."
CryptoQuant forecasts a $120K profit-taking station if BTC resumes its climb.
ETH Futures Show Strength as Network Activity Surges
Ether dropped 9% this week but still outperformed Bitcoin over the past 30 days, thanks to layer-2 growth and strong futures support.
Ethereum controls 54.2% of TVL; L2s add another 6.3%, widening lead over Solana/BNB.
Futures premium stayed near 6% despite $159M liquidations.