Bitcoin hovers around $95,000... Expectation of rebound amid low-price buying

Source: DecenterKorea Original Title: Bitcoin trades in the $95,000 range… Expectation of rebound amid low-price buying [Decenter Market Report] Original Link: https://www.decenter.kr/NewsView/2K7D3JY33O/GZ03

As of 8 a.m. on the 19th, the domestic cryptocurrency exchange’s Bitcoin(BTC) was recorded at 141,119,000 KRW, up 0.34% from 24 hours earlier.

Bitcoin(BTC) continues to hover in the $95,000 range. As BTC price remains within a long-term box range, simultaneous low-price buying by institutions and individual investors is increasing expectations for a rebound.

According to global cryptocurrency market data on the 19th, as of 8 a.m., BTC was traded at $95,472.65, up 0.4% from 24 hours earlier. Ethereum(ETH) also rose 1.39% to $3,348.55. XRP(XRP) fell 0.2% to $2.059, while Binance Coin(BNB) increased 0.39% to $950.78.

The domestic market shows a similar trend. In domestic cryptocurrency exchanges, BTC rose 0.34% from 24 hours earlier to 14,111,900 KRW. ETH is trading at 4,952,000 KRW, up 1.54%, and XRP is trading at 3,043 KRW, down 0.23%.

Amid the continued sideways movement, the simultaneous accumulation by institutions and individual investors has raised expectations that BTC prices trapped in the box range could turn into a rebound phase. The BTC spot ETF listed in the U.S. recorded a net inflow of $1.2 billion this month, reversing the outflow trend seen last month.

On-chain analysis shows that over the past 30 days, medium and large investors holding 10–1000 BTC have net bought approximately 110,000 BTC. This is the largest increase since about three years ago when BTC prices fell to around $15,000 due to the FTX incident. Small investors with less than 1 BTC, who are sensitive to price volatility, have also added over 13,000 BTC in recent weeks, marking the largest increase since November 2023.

Market experts say, “All market participants seem to perceive the current price range as undervalued,” and “broad demand is forming across the market.”

The Fear & Greed Index stands at 49 points, indicating a ‘neutral’ state. The index approaches 0 when investor sentiment is subdued and approaches 100 when the market is overheated.