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Crypto Technical Analysis Report – 19th June 2025
Bitcoin’s price has continued to climb steadily, despite trading volumes having dropped to their lowest levels since the beginning of the 2023-2026 cycle. Retail investor participation remains subdued, and perpetual swap funding rates have briefly dipped into negative territory – an unusual backdrop for a market approaching all-time highs.
Beneath this tranquil surface, however, on-chain data reveals a distinct story: a stealth accumulation is underway. Despite the subdued activity, consistent drawdowns in both exchange and OTC balances indicate a tightening supply and growing conviction among long-term holders. Meanwhile, Bitcoin futures open interest is hovering near record levels, suggesting that the market is tightly coiled.
This combination of diminishing supply and high-leverage positioning may be setting the stage for a sharp, volatility-driven breakout – a perfect storm in the making.
BTC-USDT Daily Chart: BTC, after reaching a new all-time high of $111,980, witnessed some profit booking at higher levels, and the price fell nearly 10.35%, dropping to $100,382. The asset took support at the key psychological level of $100k and bounced back up to $110k. The bulls are struggling to maintain momentum at higher levels, and BTC is facing resistance around $110,000.
To rally further, it needs to break, close, and sustain above $110k, whereas $100,000 and $90,000 will act as strong support levels for the asset.
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Source: zebpay.com
