Bitcoin Buying Pressure Drops to Lowest Levels in a Year: Where Is BTC Heading?

Updated 3 hours ago by · 3 mins read

Bitcoin’s buying pressure has reached its lowest levels in the past year, raising concerns of price consolidation.

Bitcoin’s BTC $113 534 24h volatility: 0.2% Market cap: $2.26 T Vol. 24h: $60.00 B buying pressure has weakened to its lowest point in a year, raising questions about where the world’s largest cryptocurrency is headed next. Data from CryptoQuant shows that the monthly moving average of Taker Buy Volume is now at levels not seen since the start of 2024.

The decline started in December and has continued in a downtrend, suggesting cautious investor sentiment on the buy side. Historically, sharp drops in Taker Buy Volume have often led to consolidation or heavy selling pressure and price declines.

Bitcoin taker buy volume on Binance | Source: CryptoQuant

According to a CryptoQuant contributor, without a rebound in demand, Bitcoin could enter a neutral or bearish phase in the medium term.

Structural Support Still in Place: Glassnode

Despite the weakening buy-side activity, Glassnode reported that younger coin supply valuations have reset. The MVRV ratio sits near 1.0 as newer investors trade around their cost basis.

Importantly, Bitcoin is still holding above its 135-day simple moving average, which Glassnode views as structural support. They argue that this could result in a more sustainable accumulation.

Where Is BTC Heading?

Bitcoin is entering Q4 trading near $113,200, with a 36% uptick in its 24-hour trading volume. CoinMarketCap data shows that the cryptocurrency is 9% down from its record high of $124,450 reached on Aug. 14.

Since then, BTC has twice tested the $108,000–$109,000 support range, most recently last week. Analysts at Swissblock note that defending $110,000 is crucial as holding this level keeps the bullish outlook alive.

Historically, October has been one of Bitcoin’s strongest months, delivering gains in eight of the past ten years. While short-term signals remain bearish, CoinGlass believes a seasonal rally could be near for BTC and top altcoins.

Long-Term Bullish Momentum Intact

Popular crypto trader Kamran Ashgar recently suggested to his followers to focus on Bitcoin’s long-term “mega-bull run.” He explained that the current price trajectory follows healthy accumulation, and the $150,000 price target is still intact.

This comes as institutional interest in Bitcoin remains steady. BitcoinTreasuries.NET reported that Japanese public company Star Seeds is raising $6.83 million to purchase BTC, reinforcing long-term demand.

Bitcoin Hyper Secures $193 Million as Presale Momentum Builds

With Bitcoin setting sights on fresh Q4 highs, Bitcoin Hyper (HYPER) is quickly capturing market attention. The project has already attracted $19.3 million in presale funding, which signals strong investor confidence.

Built as a next-generation Layer 2 solution, it employs an optimized virtual machine to process transactions faster and cheaper, all while remaining securely anchored to Bitcoin’s robust base layer.

Early adopters also enjoy generous benefits, with staking rewards reaching 61% APY, allowing token holders to earn while supporting network expansion.

HYPER Tokenomics and Presale Details

HYPER token serves as the project’s essential utility asset. It handles transaction payments, powers staking incentives, and unlocks advanced features across the platform, making it a cornerstone of the network’s operations.

Currently, the HYPER presale offers early HYPER token buyers a discounted rate. With the next price adjustment set to take place in just hours, momentum is building quickly.

HYPER Presale

  • Ticker: HYPER
  • Presale Price: $0.013005
  • Funds Raised: $19.3 million

For investors looking for Bitcoin’s Layer 2 innovations, Bitcoin Hyper presale presents a timely opportunity before the next price step. On our website, you can read more about how to buy Bitcoin Hyper (HYPER).

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