Bitcoin nears 4.5% yearly flip as $94,880 daily close would signal breakout

Beincrypto reports Bitcoin is at a decision point after a quiet pullback, with a daily close above $94,880 needed to flip the 1‑year change positive by roughly 4.5% and complete a potential cup‑and‑handle breakout.

Year‑over‑year BTC remains down about 4.5%, and a historical analysis noted that when the 1‑year change turns negative then back positive it has often preceded major trend shifts, a pattern last seen in July 2020. Price is trading inside the handle of a cup‑and‑handle formation, has reclaimed the 20‑day EMA and faces the 50‑day EMA as the next hurdle. On‑chain data show exchange inflows have plunged from roughly 78,600 BTC to about 3,700 BTC, a decline of more than 95%, leaving selling pressure at a six‑month low.

Derivatives positioning adds risk and opportunity: cumulative short liquidation leverage sits near $4.10 billion versus about $2.17 billion for longs, making short exposure roughly 89% higher. A daily close above $94,880 would align the yearly flip with the cup breakout and point to targets near $99,810 and $106,340; on the downside, a loss of $89,230 would expose $86,650 and risk invalidating the bullish structure. Whether Bitcoin reaches the flip or fails to hold support will likely shape the next leg of the market.

Key Topics

Crypto, Bitcoin, Exchange Inflows, Short Liquidation, Short Liquidation Leverage