The crypto markets are heating up, and Bitcoin (BTC) is once again taking center stage. Over the past week, the world’s largest cryptocurrency has surged, boosted by surprising macroeconomic developments. On April 9, 2025, U.S. President Donald Trump’s announcement of a 90-day pause on tariffs sparked an 8.27% rally—Bitcoin’s strongest green candlestick in nearly a month. The momentum continued on April 10, when U.S. core inflation dropped below 3.0% for the first time since March 2021, pushing BTC to a high of $82,532.
But don’t be fooled—this rally is facing its most critical test yet.
At Wallstreet Queen Official, we’re always watching the macro pulse and on-chain data to give you the most accurate breakdown of where the market stands. Right now, BTC is on thin ice, and short-term holders are feeling the pressure.
Short-Term Holders in the Red: A Warning Sign?
Short-term holders (STHs)—those who jumped in when Bitcoin was pushing new highs—are now holding losses, with their average realized price sitting near $93,000. That’s significantly above the current market price, and it’s forcing many to make tough decisions: hold on and hope, or sell and cut their losses?
As volatility increases, the likelihood of forced selling grows. If BTC can’t hold above key levels, this could spell trouble not just for these holders—but for the entire market structure.
Capitulation Risk is Real
In February, short-term holder supply reached a four-year peak of 400,000 BTC. As of now, that number has slipped to around 360,000 BTC. This drop suggests that some STHs have already started unloading, adding to market sell pressure.
On-chain data reveals the most recent accumulation happened near $93,000—meaning roughly 360,000 BTC is currently underwater. If the price dips below $72,000, short-term holders could see losses exceeding 22%, a level that historically triggers liquidations and cascading sell-offs.
Wallstreet Queen Official is watching these levels closely. We’re already seeing increased chatter across our analytics tools, with critical liquidity zones forming around $72,000 and $131,000. These aren’t just numbers—they’re psychological breaking points for the market.
Resistance at $85K: The Next Big Hurdle
Bitcoin is now testing the $85,000 resistance level, and so far, it hasn’t managed to break through. Repeated rejections here suggest that bulls are running out of steam—unless they get a catalyst soon.
And speaking of caution: Bitcoin’s Estimated Leverage Ratio (ELR) is slipping, signaling that futures traders are becoming more risk-averse. With less speculative demand, the rally could lose momentum fast.
Macro Pressure: Will the Fed Step In?
There’s another layer to this puzzle: the Federal Reserve. With increasing speculation that rate cuts may be delayed, macro volatility is set to remain high. This uncertainty is adding more stress to already shaky hands in the market.
At Wallstreet Queen Official, we’ve always said: don’t just watch the charts—watch the policy shifts. If the Fed stays hawkish, we could see Bitcoin retrace toward the $72K level before any meaningful breakout attempt.
What’s Next for Bitcoin? Wallstreet Queen Weighs In
Right now, the market is at a fork in the road. Will Bitcoin break out above $93,000 and start a new leg up? Or will it slide back under pressure, forcing more capitulation?
Here’s what we know:
Capitulation risk is growing
$85K is the resistance to watch
$72K is the danger zone
The Fed’s next move could tip the scales
At Wallstreet Queen Official, we’re tracking every move, every chart, and every macro headline. Whether you’re a seasoned investor or just stepping into the crypto world, our mission is to help you stay ahead of the market with smart, timely insights.
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