Bitcoin Rally Cools After Hitting $111K, Analysts Eye $95K as Key Support

After a strong rebound from its January correction, Bitcoin surged over 50% to reach an all-time high of $111,880.

However, momentum is now slowing, and analysts at Bitfinex believe BTC could be entering a short-term cooling phase.

In their latest report, Bitfinex pointed to increased profit-taking among short-term holders, who collectively realized $11.4 billion in gains over the past 30 days—up sharply from $1.2 billion the previous month. This wave of selling, they say, may cap Bitcoin’s near-term upside.

Despite external pressures, including political uncertainty and tariff threats from U.S. President Donald Trump, Bitcoin has remained relatively stable. Analysts attribute this resilience to strong demand from institutional players and continued inflows into spot ETFs.

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Crucially, the $95,000 price level has emerged as a critical support zone. Bitfinex notes that this is the average cost basis for short-term holders, making it a psychological and technical anchor for the market. If BTC holds above it, analysts believe the rally could extend into the third quarter.

They also highlighted recent institutional accumulation—over 8,800 BTC purchased—as a sign of strengthening confidence in Bitcoin’s long-term position as a strategic asset.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.