Bitcoin price continued to remain under pressure throughout the weekend due to the sale of BTC, which led to the crypto falling in the last 24 hours. But even with this short-term fall, BTC is expected to end the current quarter on a positive note, marking an end to its losses for two consecutive quarters.
At the time of writing, BTC is trading at $62,270, down 2.74% over the last 24 hours. Daily trading volume stood at $34.00 billion, while Bitcoin’s market capitalization remained around $1.25 trillion, showing that the asset continues to dominate the digital asset market despite recent price swings.
Also Read | Ethereum Price Tests Key Resistance With $1,700 in Focus
Bitcoin Price Recovery Faces Major Resistance
On July 13, 2026, crypto exchange Bitfinex drew attention to one of the key trends that emerged during the quarter. As Bitfinex reports, since the start of the quarter, the Bitcoin price has risen by 7.47%, bringing the cryptocurrency closer to closing two consecutive negative quarters.
However, Bitfinex also advised that one should not conclude that the market has hit its lowest point. This is because Bitfinex cited 2018, in which Bitcoin also saw an increase in its price during the third quarter, but then dropped by about 42% during the fourth quarter.
The platform observed that there is one price level that must be considered closely. In its assessment, moving beyond the $68,266 mark will distinguish the present cycle from any past recovery periods in bear markets.
Derivatives Market Shows Higher Activity
Despite selling pressure in the spot market, there was a rise in the derivatives market of the Bitcoin price. There was an increase in the volume of derivatives trading by 75.42% to $51.27 billion. This indicates that market players were very active in this particular period.
On the other hand, the open interest dropped by 0.14%, to reach $47.09 billion. It shows that investors have either reduced or closed their leveraged trades instead of increasing them.
The OI Weighted Funding Rate was another indicator that showed positive values of 0.0060%. The fact that the funding rate remains positive implies that the investors who hold long positions continue to pay funding rates to those holding short positions. At the same time, the low value of the funding rate implies that leverage is still moderate.
Bitcoin Price Signals Bigger Move Ahead
The next step for the Bitcoin price is going to be determined by how well the buyers manage to pick up speed after their recent retreat. In case the price keeps rising and breaks the $68,266 level, this might mean a lot of good things.
In contrast, any inability to capitalize on the recent success could see Bitcoin exposed to more downward pressure, particularly if trends start emerging in line with those seen during 2018.
In the meantime, investors continue to focus on price developments and derivative data as well. An increase in trading volume coupled with an equilibrium level of leverage indicates that market participants are gearing up for another major move in the BTC price, but further confirmation will come from how the resistance zones perform.
Also Read | Thailand’s Central Bank Tightens Rules on Large USDT Transactions
This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.
