Market Calm and Bitcoin Price Consolidation

The cryptocurrency market has remained relatively quiet over the past 24 hours, with Bitcoin trading within a narrow range between $106,000 and $108,000. The asset has stabilized around the $107,000 mark, showing signs of continued consolidation.

Declining Liquidations and Strengthened Investor Confidence

Data from Coinglass shows a 4% decline in total liquidations, now totaling approximately $200 million. Most of these are short positions, indicating that bullish sentiment remains dominant in the current range.

Additionally, the number of Bitcoin wallets holding at least 10 BTC has risen to 152,280 — the highest level since March. This reflects growing confidence from large-scale investors, potentially in anticipation of a market rally.

Geopolitical Factors and Market Recovery

Despite recent geopolitical tensions, including U.S. strikes on Iranian nuclear facilities, Bitcoin has recovered from last weekend’s losses, underlining its relative resilience.

Altcoin Performance: Moderate Gains with a Bullish Bias

Most large-cap altcoins traded in positive territory. Ripple's XRP outperformed others, gaining over 4% within 24 hours. Bitcoin dominance declined by 0.5%, suggesting altcoins are starting to capture more investor attention.

Top-performing assets:

Quant (QNT): +6.5%

SPX6900: +5.3%

Jupiter (JUP): +4.8%

Worst performers of the day:

Aptos (APT): –7.7%

Pi Network: –3.8%

SEI: –3.6%

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