{"id":53441,"date":"2025-05-27T04:11:16","date_gmt":"2025-05-27T04:11:16","guid":{"rendered":"https:\/\/emilynews.com\/blog\/?p=53441"},"modified":"2025-05-27T04:11:17","modified_gmt":"2025-05-27T04:11:17","slug":"bitcoin-bulls-start-memorial-day-blitz-on-110k","status":"publish","type":"post","link":"https:\/\/emilynews.com\/blog\/?p=53441","title":{"rendered":"Bitcoin bulls start Memorial Day blitz on $110K ?"},"content":{"rendered":"<p>Bulls launched a futures market-driven attack on BTC\u2019s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday?<\/p>\n<p><strong>Key takeaways:<\/strong><\/p>\n<ul>\n<li>\n<p>Bitcoin price is capped at the $110,000 level due to sellers and a decrease in spot volumes. Leverage use is driving current rallies into this resistance level.<\/p>\n<\/li>\n<li>\n<p>Traders are watching today\u2019s volumes to see if emerging intraday trends are followed at the US open on May 27.<\/p>\n<\/li>\n<\/ul>\n<p>Bitcoin price staged a mild recovery over the weekend, but gains above $110,000 are being capped by selling. Data from Glassnode shows \u201cnet distribution\u201d (selling) from the cohort holding more than 10,000 Bitcoin, but cohorts below this level have continued to accumulate.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d65-0127-7bc9-8bc4-44100b75988b\" alt=\"Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, White House, European Union, Donald Trump, Bitcoin Futures, Binance, Market Analysis\" \/><figcaption><em>Trend accumulation score. Source: <\/em><em>X \/ Glassnode<\/em><\/figcaption><\/figure>\n<p>The spot and futures cumulative volume delta at Binance exchange reflect persistent selling when BTC price approaches the $110,000 level.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d61-ea03-777d-8eeb-b673e4e95838\" \/><figcaption><em>BTC\/USDT 4-hour chart CVD (spot and futures). Source: <\/em><em>TRDR.io<\/em><em>\u00a0<\/em><\/figcaption><\/figure>\n<p>The Sunday (May 25) futures market-driven surge back to $110,000, following US President Donald Trump\u2019s announcement that EU Commission President Ursula von der Leyen had contacted him, suggesting a roughly one-month extension to delay the 50% EU tariffs that were slated to start on June 1.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d61-efd7-7e5a-9908-c9d0e803d0e6\" \/><figcaption><em>President Donald Trump. <\/em><em>Truth Social<\/em><\/figcaption><\/figure>\n<div class=\"m-auto w-fit relative\">\n<div>\n<h3 class=\"text-banner__heading\">Advertisement<\/h3>\n<h4 class=\"text-banner__description\">Trade 275+ cryptocurrencies with zero fees on your first $10K using the Kraken App. World-class security and 24\/7 support. Learn more at kraken.com\/legal\/disclosures.<\/h4>\n<\/div>\n<\/div>\n<p>Compared to last week\u2019s data funding rates have cooled, especially at Hyperliquid (orange line), where trader James Wynn alternated between a $1.2 billion 40x long position and a $500 million leveraged short position, both of which are now closed.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d61-f5e4-72e8-9c39-307cefd88259\" \/><figcaption><em>Bitcoin funding rates at exchanges. Source: Velo<\/em><\/figcaption><\/figure>\n<p>In terms of taking out the resistance seen at $110,000, flows could possibly remain suppressed as US markets are closed for the Memorial Day holiday, so the daily open market demand seen by the spot Bitcoin ETFs, which accounted for $8.36 billion in BTC purchasing since the start of April, are paused for the day.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d61-fb67-7434-8962-731ba1660f0a\" \/><figcaption><em>Spot Bitcoin ETF netflows. Source: <\/em><em>SoSoValue<\/em><em>\u00a0<\/em><\/figcaption><\/figure>\n<p>Liquidation heatmap data crypto analytics platform TheKingfisher shows margin traders are overweight on the long side, with the potential for liquidations starting below $109,000 to $107,000.\u00a0<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d67-ae40-7031-93df-211596d5b508\" alt=\"Coinbase, Cryptocurrencies, Bitcoin Price, Markets, Cryptocurrency Exchange, White House, European Union, Donald Trump, Bitcoin Futures, Binance, Market Analysis\" \/><figcaption><em>Bitcoin short-term liquidation map data: Source: <\/em><em>X \/ TheKingfisher<\/em><\/figcaption><\/figure>\n<p>On the other hand, CoinGlass data hints that a BTC price push through the $110,000 resistance could trigger a short liquidation that could quickly result in a rally to $114,000.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d62-016a-71e6-9bb4-449394156b17\" \/><figcaption><em>CoinGlass BTC\/USD liquidation map: Source: <\/em><em>CoinGlass<\/em><\/figcaption><\/figure>\n<p>In terms of the purely technical-focused price outlook for the week, traders are likely watching today\u2019s price action to see if any futures and spot CEX market upside is followed by bullish flow into the March 27 equities and TradFi crypto markets open.\u00a0<\/p>\n<p><em><strong>Related: <\/strong><\/em><em><strong>BTC price seeks $155K &#8216;trigger&#8217; \u2014 5 things to know in Bitcoin this week<\/strong><\/em><\/p>\n<p>As things currently stand, a block of asks can be seen at $114,000 and $119,000 at Coinbase Pro, while bids start at $104,000 and intensify as the price draws closer to $102,000-$100,000.<\/p>\n<figure><img decoding=\"async\" title=\"\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970d62-08ec-74aa-b09a-f12cc0ca0636\" \/><figcaption><em>BTC\/USD Coinbase 4-hour chart. Source: <\/em><em>TRDR.io<\/em><\/figcaption><\/figure>\n<p>*********************************<\/p>\n<p>If one of the paying programs on our Monitor appeals to you, please support <em>EmilyNews<\/em> by registering for it on our website. 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Thanks and See you tomorrow!<\/p>\n<p><a href=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2020\/11\/Reminder2-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-13137\" src=\"https:\/\/emilynews.com\/blog\/wp-content\/uploads\/2025\/02\/Reminder2-1.jpg\" alt=\"\" width=\"544\" height=\"600\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bulls launched a futures market-driven attack on BTC\u2019s $110,000 resistance level as US markets are closed for Memorial Day. Will spot volumes follow on Tuesday? Key takeaways: Bitcoin price is capped at the $110,000 level &hellip; <a title=\"Bitcoin bulls start Memorial Day blitz on $110K ?\" class=\"exalt-read-more\" href=\"https:\/\/emilynews.com\/blog\/?p=53441\"><span class=\"screen-reader-text\">Bitcoin bulls start Memorial Day blitz on $110K ?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":53443,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5651,6],"tags":[139,5652,10,159,97],"class_list":["post-53441","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptonews","category-information","tag-bitcoin","tag-emilynews","tag-hyip","tag-hyipnews","tag-hyips","exalt-entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin bulls start Memorial Day blitz on $110K ? - EmilyNews<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/emilynews.com\/blog\/?p=53441\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin bulls start Memorial Day blitz on $110K ? - EmilyNews\" \/>\n<meta property=\"og:description\" content=\"Bulls launched a futures market-driven attack on BTC\u2019s $110,000 resistance level as US markets are closed for Memorial Day. 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