![\"Analyst](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Neuzheli-ralli-bitkoina-zavershilos-ranshe-vremeni_-bitcoin-crypto-bear-market-medvezhij-rynok.webp.webp\"\/)
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Short-term Bitcoin investors have generated a rare signal that previously indicated a local market bottom. This was reported by Frank Fetter, an analyst at Vibes Capital Management.<\/p>\n
Officially got the Oversold print on the short-term holder MVRV bollinger bands. Last three instances of this:<\/p>\n
1. Yen Carry Unwind \u2014 $49k \u2014 Frank (@FrankAFetter) September 1, 2025<\/a><\/p>\n The purchase price of coins held by short-term holders has equaled the current market price of the leading cryptocurrency. This level often acts as support during corrections in a bull market, but its loss could lead to a prolonged decline.<\/p>\n The MVRV indicator for this category of holders has reached a breakeven point. Its deviation from the lower Bollinger band is extremely rare. Over the past year, this has occurred only twice:<\/p>\n in August 2024 amid the unwinding of the yen carry trade; Currently, a bullish divergence is forming on the BTC\/USD chart on the four-hour RSI indicator. According to Fetter, this indicates a potential trend reversal.<\/p>\n A \u201cFragile\u201d Market<\/p>\n On September 2, Bitcoin\u2019s price briefly recovered to $110,000 after falling to $107,000 at the end of August. However, analysts at Glassnode noted<\/a> a decline in investor interest. They stated that the market structure remains unstable.<\/p>\n Last week, demand in the spot market for digital gold was weak. Trading volume fell by 9% \u2014 from $8.5 billion to $7.7 billion. Experts emphasized that investors and traders are losing confidence in Bitcoin\u2019s recovery.<\/p>\n The CVD indicator rose slightly, indicating a decrease in sales. Nevertheless, \u201cspot metrics indicate fragile demand,\u201d added Glassnode.<\/p>\n The situation in the futures market also points to player caution. Open interest decreased from $45.8 billion to $45 billion, and funding volume fell from $3.8 billion to $2.8 billion.<\/p>\n The key resistance level has become $110,500 \u2014 the upper boundary of the descending channel. Closing above this could open the path to the liquidity zone of $110,000-117,000.<\/p>\n The nearest support levels, according to experts, are $108,000 and $107,300.<\/p>\n MN Capital founder Micha\u00ebl van de Poppe believes that for Bitcoin to reach a new all-time high, it must consolidate above $112,000. Otherwise, the cryptocurrency faces a pullback to $103,000.<\/p>\n The area remains the same for $BTC<\/a>.<\/p>\n If we can clearly break $112K, we\u2019ll be onto a new ATH.<\/p>\n Otherwise, I\u2019d be looking at $103Kish for a great opportunity.<\/p>\n Interestingly enough, Gold is yet to make a new ATH.<\/p>\n When Bitcoin? pic.twitter.com\/JDruy5ba8O<\/a><\/p>\n \u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) September 2, 2025<\/a><\/p>\n The liquidity map shows significant clusters of buy orders in the range of $105,500-107,000 and sell orders in the $110,000-111,000 zone. Analyst AlphaBTC suggested that the market is \u201chunting for money\u201d and may first test the short area before returning to check the lows.<\/p>\n \ud83d\udcc8 #Bitcoin<\/a> liquidity hunt \ud83c\udfaf<\/p>\n Looks like they are coming for that big cluster of shorts 110K-111k, then likely back to run the Monday low and the longs from the weekend.#Crypto<\/a> #BTC<\/a> pic.twitter.com\/crRwauoOyq<\/a><\/p>\n \u2014 AlphaBTC (@mark_cullen) September 2, 2025<\/a><\/p>\n
2. Tariff Tantrum \u2014 $74k
3. Today \u2014 $108k $BTC<\/a> pic.twitter.com\/AqcYXLwbzw<\/a><\/p>\n
\nin April 2025, when digital gold fell below $75,000 due to U.S. tariffs.<\/p>\n![\"\u0421\u043d\u0438\u043c\u043e\u043a](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Snimok-ekrana-2025-09-02-v-15.38.28-1024x513.png\"\/)
Source: Glassnode.<\/p>\n![\"\u0421\u043d\u0438\u043c\u043e\u043a](\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/09\/Snimok-ekrana-2025-09-02-v-15.46.47-944x1024.png\"\/)
Source: Glassnode.
\nKey Levels to Watch<\/p>\n