Altcoins in the cryptocurrency market are experiencing significant capital 
outflows amid increased risk aversion, according to a recent report from 
market maker Wintermute.

Altcoin market faces extended downturn as capital flows to larger cryptocurrencies

The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, 
subject to shareholder and regulatory approvals.

Crypto-friendly Old Glory Bank plans Nasdaq listing through SPAC

The all-stock deal adds Semler’s 5,048 BTC to Strive’s treasury, lifting total 
holdings to 12,797.9 BTC and ranking it 11th among public companies.

Strive shares fall 12% after Semler deal to expand Bitcoin treasury

Bitcoin has started the year on firmer footing, recovering from late-2025 
weakness and pushing back toward the $92,000 level. Price action has improved, 
and short-term momentum has turned constructive, but conviction remains 
fragile. Despite the rebound, Bitcoin continues to trade within a broader 
consolidation range that has capped upside since late November. Related 
Reading: Trump-Powell Conflict Fuels Volatility While Retail Sells Bitcoin At 
A Loss – Details As a result, analysts remain divided. Some see the recent 
strength as the early phase of a trend reversal, while others warn that the 
market may need more time to absorb supply before any sustained breakout can 
develop. Adding nuance to this debate, a recent report from CryptoQuant 
highlights a critical inflection point tied to short-term holder behavior. 
According to the analysis, Bitcoin’s short-term holders—typically the most 
reactive cohort—are close to flipping back into profit. The key level sits 
around $92.2K. A decisive break above this threshold would place the average 
short-term holder back in positive territory, easing psychological pressure 
and reducing the incentive to sell into minor rallies. Short-Term Holders Near 
a Psychological Inflection Point The same CryptoQuant report emphasizes that 
the $92,000–$92,200 zone is more than a simple technical level—it represents a 
psychological threshold for short-term holders (STHs). A sustained move above 
this area would place the average STH back into profit, easing stress among 
recent buyers who have been underwater for weeks. When this cohort returns to 
profit, selling pressure typically diminishes, as fear-driven exits give way 
to a greater willingness to hold or even add exposure. Historically, this 
transition has mattered. Past market data shows that when Bitcoin price 
crosses above the short-term holder realized price—a configuration often 
described as a “golden cross” between spot price and STH cost basis—market 
structure tends to improve. In several prior cycles, such flips marked the 
start of renewed upside momentum, as short-term participants shifted from 
defensive behavior to supportive demand. Related Reading: XRP Consolidates 
Above $2 As Volume Z-Score Signals A Quiet Market That said, context remains 
important. A profit flip does not guarantee immediate continuation higher, but 
it does change incentives. Instead of selling into rallies to recover losses, 
short-term holders are more likely to buy dips or hold through volatility, 
reinforcing bid-side depth. In practical terms, reclaiming and holding above 
$92K would signal that recent supply has been absorbed and that marginal 
demand is strengthening. If confirmed with follow-through, this psychological 
reset could act as fuel for a broader trend extension. However, failure to 
maintain this level would risk resetting pressure on the same cohort, keeping 
Bitcoin locked in consolidation rather than trend mode. Bitcoin Price 
Consolidates Below Key Resistance as Volatility Builds Bitcoin price action on 
this chart reflects a market attempting to stabilize after a sharp correction 
from the October highs near $125,000. Following that decline, BTC found strong 
demand in the $85,000–$88,000 region, where buyers repeatedly defended price 
and formed a higher low structure. Since then, Bitcoin has been consolidating 
in a relatively tight range, gradually pushing back toward the $92,000 area. 
From a trend perspective, price is currently trading above the 200-day moving 
average (red), which continues to slope upward and provides a key layer of 
long-term support. This suggests that, despite recent weakness, the broader 
macro trend remains intact. However, BTC is still trading below the 100-day 
and 50-day moving averages (green and blue), both of which are flattening and 
acting as dynamic resistance. This configuration explains the hesitation 
around $92,000–$94,000, where multiple technical factors converge. Related 
Reading: Ethereum Long-Term Cost Basis Holds Firm: Structural Floor Forms Near 
$2.8K Volume has declined compared to the sell-off phase, signaling reduced 
conviction from both buyers and sellers. This typically characterizes 
consolidation phases rather than impulsive trends. The recent series of higher 
lows since December indicates improving short-term structure, but confirmation 
is still lacking. For bullish continuation, Bitcoin would need a decisive 
daily and weekly close above the $92,000–$94,000 resistance zone, reclaiming 
the mid-term moving averages. Failure to do so could keep price range-bound or 
expose BTC to another test of support near $88,000. Overall, the chart points 
to compression and indecision, with a larger directional move likely once this 
range resolves. Featured image from ChatGPT, chart from TradingView.com

Bitcoin Short-Term Holders Near A Profit Flip: A Key Level Comes Into Focus

Polygon Labs has acquired U.S.-based crypto firms Coinme and Sequence in a 
deal valued at more than $250 million, signaling a sharp pivot toward 
regulated onchain payments infrastructure. Polygon Labs Sets Sights on Banks 
and Fintechs Polygon Labs disclosed Tuesday that the acquisitions position the 
firm to operate as a U.S.-regulated payments platform, bringing fiat […]

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