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Analysis: Bitcoin Slightly Above Key Monthly Bull Market Support Level, Market in Recovery Phase

By: theblockbeats.news|2025/09/04 08:12:23

BlockBeats News, September 4th, CryptoQuant analyst Axel Adler Jr posted, stating that any recovery could potentially bring the Bitcoin price back above $113,000, moving towards the fair thirty-day moving average range. The recent bullish scenario includes a technical rebound to the $113,000 to $115,000 range, with on-chain flows also trending towards stability. The current Bitcoin price of $110,700 is slightly above the Short-Term Holder (STH) realized price of $107,600 (a key monthly bull market support level), remaining bullish on a higher timeframe but with the market in a recuperation phase and sensitive to profit-taking.

24-Hour Spot Funding In/Out Rankings: WLFI Net Outflow of $32.2M, XRP Net Inflow of $16.78M

James Wynn has recently made multiple high-leverage long positions on ETH, resulting in liquidation at the bottom.