Past Week Market Update

Digital asset markets remain strong with Bitcoin consolidating near its $109k ATH. Elevated prices have boosted investor profitability, driving increased profit-taking and capital inflows that pushed Realized Cap above $900B—a historic milestone highlighting market liquidity depth. Short-Term Holders have realized over $11.4B in profits this month as their portfolios improved.

Ethereum surged from $1,800 to $2,700 following the Pectra upgrade, returning the average holder to unrealized profit and providing significant relief. The $2,400–$2,900 range remains critical, serving as both resistance and a potential breakout zone for sustained upward momentum.

May 2025 US CPI came in at 2.4%, just under the 2.5% forecast. This slight cooling of inflation, down from 2.3% last month, could bring market relief.

Here's the Analysis of #SCRT :

#SCRT stuck up in a huge consolidation since 4 months and currently, lying on a major support zone of $0.16 - $0.17. We can see a potential bounce back towards the resistance area at $0.29 - $0.31. Price might have difficulty to reach other end, but can take some scalp move from here.

#BTC finally been retracing after a double top kind a pattern. Also, it was on the clean supply zone and retraced all the way lower towards the support zone drawn. Well, expectations are bullish now once it taps and rejects the area.

#PORTO dropped after a short pullback, as its a strong sell move down, so its expected. Price gave a new lower low and moved around 11% in profits. Retracement might some, but its on a next move down for a new lower low, so hold with breakeven stops.

Bitcoin rallied to a new high of $111.8k, surpassing January 2025's ATH, before correcting to $103.2k and signaling a potential momentum pause. The Cumulative Volume Delta Heatmap shows this was a spot-led rally with clear accumulation clusters at $81-85k, $93-96k, and $102-104k—zones that may now act as short-term support.

Top buyers from Q1 2025, who held through the sub-$80k drawdown, are being tested again as price consolidates sideways. This analysis examines the fading demand momentum, forces draining market strength, and potential support levels if weakness persists.

Here's the Analysis of #MTL :

#MTL is been kept on drawing its lower low and now on a small bear flag formation, which can give a bearish break and push it further low. Major support is at $0.60 - $0.64, which could be targets for shorts.

#BTC dropped lower after tapping from the supply zone, with that it broke the support too. Now its trading below $105,000, and can drop a bit lower. towards the $100,000 area. Its back inside the range, need to wait for a breakout to happen.

Breaking the support now, take it accordingly.

#HOOK dropped hard from the resistance drawn but the top resistance worked perfectly. If you took shorts from 1st one then its in 13% in profits and from the top one its 19.5% in profits. The support zone $0.092 - $0.095 is the partials TP area.

To understand Bitcoin's move beyond $111k, the CBD Heatmap from June 2022's cycle bottom reveals a clear distribution pattern by past accumulators. Supply-dense zones that previously supported the rally through sideways consolidation have flipped into active selling zones as earlier holders take profits.

The most notable selling pressure comes from cohorts who accumulated at $25k-31k and $60k-73k ranges. These groups, having held through multiple volatility phases, are now creating supply overhang that appears to be capping further upside in the short term.

Here's the Analysis of #BAND :

#BAND is been moving in a sideway market, and now on a major area of support too, around $0.58 - $0.61. Well, overall market is in a downtrend so, we can expect bearish move and trade can be taken once a break and close happens.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, gave a good move up throughout the week and lead a drop too after hitting the key supply zone. Price is back inside the range and nothing can be done until is moved any side of the zone, only scalping possible as of now.

#MTL gave a shallow closing of the bear flag and dropped around 7.3% in favor. Still price have some room to move all the way down, targeting towards the major support zone.

With long-term holders selling and lacking strong upside catalysts above $111.8k, correction probability builds. The Spent Supply Distribution (SSD) Quantiles framework helps identify support levels by analyzing the cost basis of spent coins across 100 percentiles.

Key levels include the 0.95 quantile (top 5% of spent supply), 0.85 quantile (top 15%), and 0.75 quantile (top 25%). Historically, absolute euphoria occurs above the 0.95 quantile, sideways bull phases between 0.85-0.95, and bearish periods below 0.75.

Currently, the 0.95 quantile at ~$103.7k provides first support. If selling persists, the 0.85 quantile at $95.6k offers structural support, or if breached, confirms broader risk reset.

Here's the Analysis of #KNC :

#KNC stuck up inside the sideways market between the major support zone and major resistance zone of $0.29 - $0.30 and $0.39 - $0.40 respectively. Price forming head and shoulder and inverse head and shoulder inside it. Bearish break can happen and trade can be taken along the breakout.