Bitcoin at Risk of Consolidation Despite Strong First-Time Buyer Activity

By: bitcoin ethereum news|2025/05/13 14:00:15

Bitcoin investors are increasingly taking profits as the leading cryptocurrency pauses its upward trajectory, currently hovering slightly above the $100,000 mark. In a post on X today, on-chain market analytics firm Glassnode warned of growing consolidation risks facing Bitcoin. The world’s largest cryptocurrency by market capitalization has recently led a massive bull run across the crypto market, rising from a low of $93,000 to over $105,000 within the last seven days. Although this impressive rally sparked a wave of new demand, analysts now say Bitcoin’s momentum is weakening. Weak momentum buyers stall Bitcoin’s growth While the broader crypto market remains in a bullish phase, major cryptocurrencies have slowed their recent uptrend. Analysts attribute this to market sentiment shifting toward riskier levels. According to data from CoinMarketCap, Bitcoin has retraced into the red over the past 24 hours, dropping by 3.10%. As of press time, Bitcoin is trading at $101,266.49, shedding some of its previous gains. This price correction is largely due to increased profit-taking from existing holders and the inactivity of momentum buyers, who typically drive sustained price surges in crypto assets. With momentum gradually weakening, strong selling pressure from profit-takers has outpaced the influence of new entrants in the market. As a result, Bitcoin has retraced back to nearly $100,000. Although demand from first-time buyers remains robust, the asset’s short- to mid-term outlook remains uncertain. Its upward momentum has been hindered by low activity from momentum buyers, with Bitcoin’s momentum RSI currently at around 11, signaling a weak trend. You Might Also Like While there are no clear signals indicating the end of the current bull run, Bitcoin may face a period of consolidation as it struggles to sustain its rally in the face of persistent profit-taking. However, Bitcoin’s First-Time Buyer RSI has remained at 100 all week, indicating continued interest from new market entrants. There is growing speculation that the bull run may resume soon, especially as institutional investors appear to be continuing their accumulation strategies. Source: https://u.today/bitcoin-at-risk-of-consolidation-despite-strong-first-time-buyer-activity

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...