Will Bitcoin (BTC) Reach $111,000 After Balance Drop on Exchanges?

Jakarta, Pintu News – Bitcoin (BTC) has shown a strong recovery this week after its price fell below $100,000 for the first time in over a month.

With Bitcoin (BTC) balances on crypto exchanges hitting a new low, many are wondering if this will be the catalyst for Bitcoin (BTC) price to reach $111,000 again.

Check out the full analysis here!

Bitcoin (BTC) Balance Drop on Exchanges

The latest data from Coinglass shows that Bitcoin (BTC) balances on crypto exchanges have hit a new low of 2.07 million Bitcoin (BTC). Coinbase Pro currently holds the largest reserve with 638,226 Bitcoin (BTC), followed by Binance with 535,797 Bitcoin (BTC). This indicates that the accumulation of Bitcoin (BTC) by investors and whales is increasing.

In addition, the other 18 exchanges collectively held around 895,270 Bitcoin (BTC). This decrease in balances could be interpreted as a sign that more investors are choosing to keep their Bitcoin (BTC) in private wallets, which could be due to their expectations of future price increases.

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Bitcoin (BTC) Price Increase in the Last 72 Hours

Bitcoin (BTC) price has surged more than 8% in the last 72 hours, from $98,500 to over $107,500. With a daily trading volume of $51.98 billion, Bitcoin (BTC) is now trading at $107,639.

This rise has increased Bitcoin’s (BTC) market capitalization to $2.14 trillion, with market dominance reaching over 65% for the first time since January 18, 2021.

The Exponential Moving Averages (EMAs) 20, 50, 100, 200 indicators show increased volatility for Bitcoin (BTC) price in the market. All EMAs are below the current price trend, indicating the potential for further price increases.

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Technical Indicators and Price Projections

The Stochastic RSI is showing a strong uptrend on the daily time frame after making it out of the oversold zone (20). With the 3-day average trend line (blue) almost reaching the overbought zone (80), this provides a positive outlook for Bitcoin (BTC) this week.

If this bullish action continues, Bitcoin (BTC) price could reach the $109,631 resistance level or even the $111,970 upper price target in the coming days.

Conversely, in case of a bearish reversal, Bitcoin (BTC) price may drop to the immediate support line at $107,218. Furthermore, the price could test the lower support level at $104,810 if the bearish sentiment intensifies this week.

Conclusion

With Bitcoin (BTC) balances on exchanges hitting new lows and technical indicators showing potential upside, the market may see Bitcoin (BTC) reach or even surpass $111,000. However, investors should remain alert to possible changes in sentiment that could affect the price trend.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Crypto Times. Bitcoin Exchange Balance Drops to Lowest, Will BTC Price Reclaim $111k? Accessed on June 26, 2025
• Featured Image: Generated by AI