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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};be("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat(Vn)),notifLabel:document.querySelector(".".concat($n))};t.notifDropdown&&ro(e,t)}))}()}};]]>Abiodun OladokunWed, September 24, 2025 at 2:59 PM GMT+2 2 min readBitcoin Double Trap in July & August Highlights Smart Money Distribution at Peaks. Photo by BeInCryptoThe leading coin, Bitcoin, has managed to post a modest 0.28% gain over the past 24 hours, a slight move against the backdrop of a broader market dip and fading bullish sentiment. While the price action looks subdued, key on-chain metrics suggest that demand is quietly building beneath the surface, laying the foundation for stronger upside in the near term.One of the most notable signals is BTC’s exchange reserve, which continues to fall. According to CryptoQuant, it plunged to a year-to-date low of 2.4 million on Tuesday.For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.Bitcoin Exchange Reserve. Source: CryptoQuantBTC’s exchange reserves measure the amount of coins held on centralized trading platforms. A sustained drop indicates that fewer coins are available for immediate sale, suggesting that investors are transferring assets into cold storage or holding them long-term.Despite its lackluster price performance, the steady dip in BTC’s exchange reserves over the past few weeks highlights that traders maintain conviction even as the broader market shows signs of weakening sentiment.This quiet withdrawal from exchanges suggests that holders remain confident in BTC’s long-term prospects, reducing immediate selling pressure.Furthermore, BTC’s funding rates across major exchanges remain positive, indicating that futures traders continue to lean bullish. At press time, this stands at 0.079.Bitcoin Funding Rate. Source: CryptoQuantThe funding rate is used in perpetual futures contracts to keep the contract price aligned with the spot price. When the rate is positive, long traders are paying shorts, signaling that most traders are leaning bullish. Conversely, negative rates indicate shorts are paying longs, suggesting a bearish tilt.Currently, BTC’s funding rates remain positive but moderate. This shows that while traders hold a slight bullish bias, they are not taking on aggressive leverage. Such positioning reduces the risk of sudden liquidations and suggests cautious optimism. This could give BTC the stability it needs to build on its recent gains.If buyers capitalize on this underlying support, BTC could extend its climb in the near term, rallying to $115,892.BTC Price Analysis. Source: TradingViewHowever, if market weakness deepens, the current rally may stall, leaving BTC to resume consolidating or trigger a dip below the support floor at $111,961.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,658.50 -1.25 (-0.02%)Dow Futures46,257.00 -11.00 (-0.02%)Nasdaq Futures24,612.75 -16.50 (-0.07%)Russell 2000 Futures2,428.90 -1.10 (-0.05%)VIX16.74 +0.56 (+3.46%)Gold3,776.70 +5.60 (+0.15%)PortfolioSign in to access your portfolioSign inTop gainersLEU Centrus Energy Corp. 312.19 +36.19 (+13.11%)PIII P3 Health Partners Inc. 10.19 +1.10 (+12.08%)BBU Brookfield Business Partners L.P. 31.75 +3.27 (+11.48%)QURE uniQure N.V. 52.65 +5.15 (+10.84%)OPEN Opendoor Technologies Inc. 9.09 +0.86 (+10.45%)Top losersKMX CarMax, Inc. 45.60 -11.45 (-20.07%)CIFR Cipher Mining Inc. 11.64 -2.53 (-17.86%)DGNX Diginex Limited 13.20 -2.55 (-16.19%)FORD Forward Industries, Inc. 28.82 -3.96 (-12.08%)ASTS AST SpaceMobile, Inc. 49.39 -5.11 (-9.38%)Most activeOPEN Opendoor Technologies Inc. 9.09 +0.86 (+10.45%)INTC Intel Corporation 33.99 +2.77 (+8.87%)SNAP Snap Inc. 8.33 +0.11 (+1.34%)RIG Transocean Ltd. 3.1600 -0.4800 (-13.19%)NVDA NVIDIA Corporation 177.69 +0.72 (+0.41%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersCOST Costco Wholesale Corporation 943.31 -1.96 (-0.21%)ORCL Oracle Corporation 291.33 -17.13 (-5.55%)IBM International Business Machines Corporation 281.44 +13.91 (+5.20%)KMX CarMax, Inc. 45.60 -11.45 (-20.07%)BTC-USD Bitcoin USD 109,525.08 -3,565.64 (-3.15%)Top economic events