• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Trump Linked Firm Trims Stake in Major Crypto Venture, Big Sell-Off Ahead?

These Simple Factors Show Why Bitcoin’s Recent Rally was So Important

Cole Petersen
by Cole Petersen
5 years ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
  • Bitcoin’s rally yesterday allowed it to erase virtually all of the losses that resulted from its mid-March meltdown
  • This movement did more than just boost its technical outlook, as it has also bolstered BTC on multiple other fronts
  • One analyst is also noting that this was a “spot dominated” movement, meaning that it may actually prove to be highly sustainable

Bitcoin saw a massive rally yesterday that allowed it to erase virtually all of the losses that were incurred during the mid-March meltdown, with BTC nearly climbing back up to its 2020 highs in a fleeting overnight upswing that led it to $9,500.

Analysts are now noting that this rally was both impressive and significant for multiple reasons, including the fact that data now shows that it was almost entirely driven by retail investors making spot purchases.

This movement also allowed BTC to reclaim a key adoption curve, while also decoupling firmly from the traditional markets.

Bitcoin’s Rally Driven Primarily by Spot Purchases

At the time of writing, Bitcoin is trading up is trading up just under 7% at its current price of $8,840.

This marks a massive climb from recent lows of $7,700, and a slight decline from its overnight highs of $9,500.

The firm rejection at these highs signals that the crypto does have some heavy resistance laced within the mid-$9,000 region, and bulls will need to firmly surmount this if they want to make a bid at pushing BTC into the five-figure price region.

One important factor to be aware of is the fact that this movement was driven by retail buyers, which is elucidated while looking towards the crypto’s open interest hitting an all-time low – a sign of inactivity amongst margin traders.

Mohit Sorout, a partner at Bitazu Capital, spoke about this in a recent tweet, explaining that this movement was a “spot dominated ripper.”

“Bitmex OI hits a new All Time Low. This BTC rally was purely a spot dominated ripper. Incredible,” he explained.

Bitcoin
Image Courtesy of Skew

BTC Rally Results in Greater Fundamental Strength

One analyst recently explained that he believes there are multiple other positive results of this uptrend beyond it simply boosting the crypto’s technical strength.

He points to three primary results of this recent movement, including it allowing the crypto to decouple from the traditional markets, outperform Ethereum, and climb back above its adoption curve.

“I am very, very, very impressed with the move in BTC today for a variety of reasons. 1) First sign of decoupling from gold and the SP500 2) ETH lost value vs BTC & broke down a TL. 3) We are back above the adoption curve TL,” he noted.

These factors, coupled with the spot buying that drove this movement, could be enough to propel BTC significantly higher.

Featured image from Unsplash.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Cole Petersen

Cole Petersen

Follow

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Full Profile

Related Posts

Bitcoin

Bitcoin Gets A Billionaire Boost From Mexico’s 3rd Wealthiest Man

1 day ago
Bitcoin

Bitcoin Bearish Move Is Over? Higher Lows Chart A Course To $115,482

3 days ago
Bitcoin

War Worries, Bitcoin Gains: Strategy Adds $1 Billion To Treasury

4 days ago
Bitcoin

Bitcoin Risks Testing This Critical Support As Bullish Strength Wanes

5 days ago
Bitcoin

Bitcoin Golden Cross Suggests Potential Surge To $229,000 – Details

6 days ago
Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

Bitcoin Mirrors Gold’s Path – Analyst Sets Cycle Top Targets At $160K-$180K

6 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • Bitget Partners with MotoGP for a High-Speed Collision of...

    3 hours ago
  • The truth behind the XRP plunge! ETHRANSACTION’s...

    6 hours ago
  • Cloud Mining

    Top 10 Cloud Mining Companies for Bitcoin in 2025 –...

    9 hours ago
  • Aster launches Hidden Orders: Invisible orders, visible...

    10 hours ago
  • Keep up with the SOL ecological trend, OPTO Miner cloud...

    17 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.