Эксперты подтверждают оптимизм рынка: биткоин на пути к новым максимумам Translation: Experts Confirm Market Optimism: Bitcoin on the Way to New Highs

Funding rates for the first cryptocurrency on major exchanges remain neutral or negative as trading occurs within the $110,000-$120,000 range. This indicates «a healthy market dynamic,» noted CryptoQuant analyst under the alias PelinayPA.

Unlike typical scenarios where price increases are accompanied by high leverage, the current situation reflects a predominance of organic demand and accumulation by long-term investors.

According to the expert, a significant advantage of the current structure is the potential for short squeezes, bolstered by institutional demand.

*“The overall market configuration maintains a bullish character: negative funding suggests accumulation opportunities, while sustained spot purchases provide fundamental support for the rally,” the expert stated.*

As the nearest price target, PelinayPA identified the range of $120,000-$125,000. However, a drop below $115,000 amid negative funding could trigger a deeper correction.

According to analysts from Glassnode, a critical level for Bitcoin is the entry price of short-term holders, which lies above $110,000. They emphasized that since May, this metric «has acted as support five times, distinguishing bullish and bearish scenarios.»

In their analysis, experts noted that growth is hindered by a dense cluster of sell orders in the $114,000-$118,000 range. Nevertheless, by the time of writing, the first cryptocurrency successfully surpassed the upper threshold, breaking the $119,000 mark.

*“Overcoming selling pressure is crucial for the market’s renewed attempt to reach historical highs. A confident establishment above $118,000 will signal that demand is absorbing supply from buyers who entered at the peaks, strengthening the case for further growth,” Glassnode wrote.*

Market sentiment is cooling, specialists emphasized. They pointed out that the realized price metric for short-term holders has been declining since May. The Fear and Greed Index has moved into the “neutral” zone.

Long-term investors have scaled back asset distribution after months of profit-taking, while American exchange-traded funds have resumed net inflows. This balance simultaneously creates conditions for potential consolidation.

In the options market, following a record expiration, open interest is being reshaped with respect to the seasonal factor — the expected Uptober. Traders are actively buying calls in the $136,000-$145,000 range while simultaneously selling puts. Experts believe this reflects cautious optimism regarding the prospects for the fourth quarter.

It is worth noting that CryptoQuant analysts have identified conditions for Bitcoin’s growth to $200,000. Support for the first cryptocurrency comes from three key factors: steady demand, increased liquidity of stablecoins, and a decrease in unrealized profits among traders.