This Bitcoin Indicator Turns Bullish as BTC Price Stalls Near $109K

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TLDR:

The Bitcoin 60-day Buy/Sell Pressure Delta has flipped, suggesting bulls may step in at current levels.
Coin days destroyed show long-term holders reducing selling activity compared to earlier this year.
Buy liquidity clusters around $105K while sell liquidity stacks near $120K, setting up a breakout zone.
Bitcoin trades at $109,555 with a slight 24-hour gain but remains 5% lower over the past week.

Bitcoin is holding its ground near $109K, but traders are preparing for the next move. On-chain signals are starting to turn, hinting at a potential shift in momentum. Short-term price action remains choppy, leaving investors debating whether to buy now or wait.

Liquidity levels show a clear battle forming between buyers and sellers. Analysts see this as a point where bulls may try to regain control.

Bitcoin Buy/Sell Pressure Delta Points to Entry Zone

Analyst Joao Wedson shared that the 60-day Buy/Sell Pressure Delta has already entered what he calls the “opportunity zone.”

🎯 Buy/Sell Pressure Delta Signals a Bitcoin Opportunity!

On September 9, I suggested waiting for the Buy/Sell Pressure Delta to move into the negative zone. In that post, I used the 90-day delta, which is slower and more conservative — perfect for filtering out noise.

Now, the… https://t.co/TIJGtYtHQE pic.twitter.com/rTYoyyufW9

— Joao Wedson (@joao_wedson) September 27, 2025

He explained that the 90-day delta, which is slower and more conservative, is still approaching confirmation. This gives traders two choices: enter early with moderate risk or wait a few more days for a safer signal.

Wedson noted that the shift in the 60-day delta is a sign that bears may face buying pressure soon.

He suggested that bulls could use this period to accumulate BTC at current prices. This aligns with traders looking for lower-risk entries after a week of price weakness.

Liquidity and Long-Term Holder Behavior

Data from Alphractal shows that the CDD Multiple, which tracks long-term holder spending, has fallen compared to 2024. This means older coins are moving at a slower rate, a pattern seen during accumulation phases. It suggests experienced holders are sitting tight and waiting for stronger price action.

$BTC HEATMAP IS SCREAMING.

Sell liquidity stacked at $120K.
Last buy liquidity resting at $105K.

Whales decide direction.
Retail just gets harvested.

This setup is about to erupt.
Survive this trap, and you win the game. pic.twitter.com/20CMtBorCp

— Merlijn The Trader (@MerlijnTrader) September 28, 2025

Trader Merlijn added that Bitcoin’s heatmap is showing heavy sell liquidity stacked near $120K and last strong buy liquidity near $105K.

He warned that whales control the next move, and retail traders risk being caught in the middle. With volatility compressed, traders expect a breakout once one side absorbs the other’s liquidity.

Per CoinGecko, Bitcoin is trading at $109,555 with a 0.19% daily gain but remains down 5.37% in the past seven days. Trading volume over the last 24 hours stands at $21.4 billion, showing steady market activity while participants wait for direction.