Bitcoin’s pullback hits Day 4 – Here’s why a stealth moonshot may be loading

• Bitcoin dropped for 4 days straight, falling from $110K to $104K regardless of sturdy market optimism.
• If demand holds, BTC might rebound towards $109K; if latest patrons promote, a deeper correction might observe.

For the primary time since March 2025, Bitcoin [BTC] declined for 4 consecutive days, slipping from $110K to a low of $104K.

Nonetheless, regardless of the latest losses, market members are extra enthusiastic than ever earlier than.

Inasmuch so, demand for Bitcoin remains to be rising. In keeping with Cryptoquant’s analyst Axel Adler, BTC demand is nearing the height ranges of the earlier bull market.

Recent capital retains flowing in

Supply: CryptoQuant

Bitcoin noticed over $1.8 billion in Web Capital Flows on the twenty ninth of Might, a determine not seen because the November 2021 bull market.

That influx rivals previous cycle tops, the place capital peaked at $3.6 billion close to $73K and hit $4.5 billion at $92K.

In actual fact, this persistent influx—even at all-time highs—suggests traders anticipate greater ranges forward, not a market prime.

Whales lead the cost

Supply: Ali Martinez

This conviction is seen on-chain.

Whales have scooped up practically 20,000 BTC over the past two days, whereas over 50,000 BTC exited exchanges—signaling accumulation, not distribution.

This huge accumulation is evidenced by the truth that the Bitcoin change netflow has remained destructive for an entire for the primary time in 2025.

Supply: CryptoQuant

Seven consecutive days of destructive web movement point out that patrons have gained a robust foothold out there. Regardless of Bitcoin’s upward trajectory, it seems that traders have been buying whilst costs enhance.

When Bitcoin dipped beneath $110,000, patrons took the chance to build up much more. This pattern means that traders are prepared to take positions no matter whether or not the value of Bitcoin rises or falls.

Quick-term ache, long-term conviction

Regardless of sturdy fundamentals, BTC’s value has declined. But, this pullback seems to be extra macro-driven than sentiment-led.

Quick Time period Holder SOPR reveals promoting strain stays muted, regardless that most are nonetheless in revenue.

That means these holders usually are not panic-selling. Slightly, they’re sitting tight, reinforcing the broader bullish construction.

Supply: CryptoQuant

Most market members are at the moment bullish, which means that the latest dip in costs is prone to be short-lived. This demand units the stage for a market restoration, and Bitcoin might bounce again in direction of $109,493.

Nonetheless, if the value continues to say no, it might create panic amongst those that bought Bitcoin between $100,000 and $104,000.

If this group decides to promote to safe their features, it might result in an additional decline out there.