Futures market activity continues to drive Bitcoin price, while insufficient buy-side spot demand shortens the length of bullish breakouts and pins BTC in a $10,000 range.

A notable bid-ask imbalance for Bitcoin exists near $66,000, possibly raising the chance for a relief rally to $71,000.

Onchain data shows inflows to accumulation addresses topping 67,000 BTC, while total outflows from Bitcoin miners fell to levels not seen since 2024.

Bitcoin’s return to all-time highs may depend on how deep the current drawdown extends, with deeper declines historically lengthening recovery times.

XRP shows improving risk-adjusted returns alongside rising whale flows, but rising leverage use and repeat liquidations point to a fragile futures market.