Bitcoin price targets at Memorial Day highs

Bitcoin (BTC) prices held a moderate recovery over the weekend, but sales limited earnings of over $110,000. Data from GlassNode shows the “net distribution” (sales) in queues holding more than 10,000 bitcoins, but similar groups below this level continue to accumulate.

Binance Exchange’s cumulative spot and futures volumes are trading in Delta, reflecting continued sales when BTC prices approach the $110,000 level.

Futures markets will return $110,000 on Sunday (May 25), a delay of 50% EU tariffs starting on June 1 after U.S. President Donald Trump announced that European Commission President Ursula von der Leyen had contacted him.

Funding rates have cooled compared to last week’s data, especially at the Super Liquid Line (Orange Line), where trader James Wynn alternates between the $1.2 billion 40x length and $500 million leverage, now closing both positions.

In terms of removing the $110,000 resistance, traffic could be suppressed as the U.S. market closed during the Memorial Day holiday, so daily open market demand for spot Bitcoin ETFs purchased by BTC since early April accounts for $8.36 billion of BTC.

The Kingfisher, a platform for clearing hotmap data encryption analysis, shows margin traders are overweight for a long time, while liquidation potential is below $109,000 to $107,000.

Coinglass data, on the other hand, suggests that the $110,000 resistance driven by BTC prices could trigger a brief liquidation, which could quickly lead to a rally to $114,000.

In terms of a purely technology-focused price look this week, traders may be watching today’s price action to see if there are any futures and spot CEX markets rising, then bullish on March 27 stocks and Tradfi Crenpto Markets Open.

Related: BTC Price Seeks $155K’s “Trigger” – 5 Things You Know in Bitcoin This Week

Currently, a bunch of inquiries can be seen on Coinbase Pro for $114,000 and $119,000, while bids start at $104,000, with the revenues of close to $102,000-100,000 as the price goes.

This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.