From late February, tightening liquidity and external risks like the Bybit hack and U.S. tariff tensions eroded market confidence. Bitcoin falling below $92k—a key level representing the Short-Term Holder cost basis—marked a significant sentiment shift.

Unlike previous dips, there was no substantial buy-the-dip response. The Cost Basis Distribution heatmap confirms weakening accumulation demand, suggesting investors are now prioritizing risk aversion and capital preservation. This indicates a potential prolonged consolidation or correction phase as capital rotates, awaiting a new firm support base.

What Is XBT in Crypto?

popping up. This can make things confusing for folks new to crypto. But the story of “XBT” isn’t new.

Simply explained, XBT is the lesser-known ticker symbol for Bitcoin.

Why Do Some Crypto Exchanges Call Bitcoin XBT Instead of BTC?

This can seem strange at first glance. But the reasoning for XBT makes sense when we look closer. Bitcoin was created in 2009 by Satoshi Nakamoto. Back then, it didn’t have a symbol. It was just called “Bitcoin.” The abbreviation BTC naturally got popular in the crypto community eventually.

However, the International Organization for Standardization (ISO) decided Bitcoin needed an official international currency code. These codes start with “X” based on ISO rules. Therefore, the ISO assigned Bitcoin the code “XBT” instead of the popular BTC. Both versions stuck around.

Is XBT Widely Accepted and Known Like BTC ?

While BTC is more popular, some groups still use XBT too. Similarly, some exchanges adopted ISO codes, therefore, they adopted XBT in place of BTC. But BTC still dominates everyday talk and retail transactions.

Familiarity breeds comfort – BTC feels established and rooted in crypto’s origins. But as some exchanges make sure to comply with the rules of local authorities, XBT may keep gaining traction in certain areas. In the end, both tickers point to Bitcoin, like “pop” and “soda” refer to the same soft drink.

Which Trading Platforms Use XBT Instead of BTC?

Several major exchanges use XBT, including BitMEX and Kraken (Futures). These exchanges aligned with ISO standards for Bitcoin’s currency designation. Big financial institutions like the Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) also use XBT for Bitcoin futures trading.

How Do I Buy XBT?

Purchasing XBT, or BTC (the more popular ticker symbol), is quite easy for regular investors.

The first step is choosing a cryptocurrency exchange that supports BTC, such as Binance. These platforms allow linking your bank account or debit card to fund your account balance. Most exchanges require KYC to comply with anti-money laundering regulations.

Once your exchange account is funded, simply navigate to the BTC trading pair page and enter the amount you wish to buy. Exchanges support market orders which purchase BTC (XBT) at the current market price, or limit orders which set a maximum price you're willing to pay per coin, and it’s done! You have BTC (or XBT) in your wallet!

Now you can either keep your asset on the exchange or move it to cold storage. Start small, research reputable exchanges, and enable two-factor authentication to securely begin buying and holding this popular digital asset.

Here's the Analysis of #CAKE :

#CAKE moved back and forth of the area and now H4 TF is rejected strongly from key resistance area of $2.52 - $2.59. Potential shorting can be done here and take for short-term to mid-term.

#BTC gave a shallow close below the triangle and now a big candle giving close below too. Also with that a retest is happening and its the matter of time if the candle able to sustain over the zone and make a rejection wick.

#LAYER had a initial reaction of 7% - 10% but now moving lower again. Time to close it

#TRUMP did gave a breakout and and dumping with a retest now, moved around 9% in profits. Now the support is there around $10.00 - $10.25. A close below can lead in further decline in prices and potential scale in too.

Analyzing Short-Term Holder (STH) sub-cohorts reveals shifting Bitcoin market dynamics:

Two key cohorts examined:
- 1w-1m holders (7-30 days)
- 1m-3m holders (1-3 months)

Typically, strong capital inflows see the 1w-1m cohort's cost basis rising above the 1m-3m cohort, signaling bullish sentiment. However, in Q1 2025, this trend flattened, indicating weakening immediate-term demand.

Bitcoin's drop below $95k triggered a critical transition: the 1w-1m cost basis fell below the 1m-3m cost basis, confirming net capital outflows. This reversal suggests macro uncertainty has dampened demand, increasing the likelihood of prolonged sell pressure.

The analysis highlights a shift from post-ATH euphoria to a more cautious market environment, with new buyers hesitant to absorb selling pressure.

$400M+ Liquidation in Past 24H

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Here's the Analysis of #NEIRO :

#NERIO kept on breaking its lower and forming a new lows one after another. Price just heading towards the Listing level, and no support looking left. The only area is $0.00023 which will act as resistance for next push lower.

#BITCOIN DAILY TF UPDATE :

#BITCOIN on Daily TF, finally gave a close below of the bear flag pattern and now it can potentially move further lower, now only fundamentals can change the directions.

#ATOM perfectly moved up and rejected strongly from the $5.00 and moved around 11.7% in profits. Time to book some profit and move Stops to Breakeven and let the runners run.

In this post-ATH distribution phase, tracking Short-term Holder fear helps identify seller exhaustion points that often present buying opportunities. The STH-SOPR metric shows consistent loss realization since prices fell below $95k, with extreme capitulation (0.97) during the $78k crash. This widespread panic selling at a loss typically precedes seller exhaustion—a potential re-entry signal for long-term investors.

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Dear members,

Exactly 24 hours left for our biggest MEXC MEGA PUMP SIGNAL in history!! 🔥

The whales we have on our team for this pump are the biggest we’ve ever had, We’ll be constantly pushing the price higher, not likely seeing many retracements. Buying and holding as soon as the signal is announced will be the most profitable strategy.

Our marketing efforts over the past month will guarantee the maximum number of participants and the biggest volume in this pump, reaching millions of traders from every corner of the world, and a volume of millions $ in few hours.

Our goal in this pump is to guarantee all our members the biggest profits possible, aiming at a minimum of 5000%! Big reminder that we are doing the MEGA PUMP SIGNAL on MEXC tomorrow at 5PM GMT. 🚀

Here's the Analysis of #SAGA :

#SAGA is been kept trending lower, after breaking the bear flag and approaching towards the listing price. A retest can happen and can be further short-selling opportunity.

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Our goal in this pump is to guarantee all our members the biggest profits possible, aiming at a minimum of 5000%!!

Big reminder that we are doing the MEGA PUMP SIGNAL on MEXC today at 5PM GMT.