Bitcoin bulls start Memorial Day blitz on $110K — Will spot follow when US markets open?

Date: 2025-05-26

Key takeaways: 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.Traders are watching today’s volumes to see if an emerging intra-day trends are followed at the US open on May 27.Bitcoin (BTC) price staged a mild recovery over the weekend, but gains above $110,000 are being capped by selling. Data from Glassnode shows “net distribution” (selling) from the cohort holding more than ten thousand Bitcoin, but cohorts below this level have continued to accumulate. Trend accumulation score. Source: X / GlassnodeThe spot and futures cumulative volume delta at Binance exchange reflect persistent selling when BTC price approaches the $110,00...

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