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After days of intense bearish action, the price of Bitcoin appears to be entering a calmer state, as it recovers above the $86,000 level. The latest on-chain data shows that several investors tried to take some profit in the past week, providing a basis for the premier cryptocurrency registering a double-digit loss.  Bitcoin Exchange Inflow Spikes As Price Faces Downward Pressure  In a recent post on the social media platform X, crypto analyst Ali Martinez revealed that significant Bitcoin amounts were sent to centralized exchanges in the past week. Data from Santiment shows that about $20,000 BTC (worth nearly $2 billion) has been moved to these exchanges in the past seven days. Related Reading: Risks To Crypto Market Ahead Of Key MSCI Ruling: Will It Spark A New Bitcoin Sell-Off? The relevant indicator in this on-chain observation is the Exchange Inflow metric, which tracks the volume of an asset (in this case, Bitcoin) that flows to centralized exchanges within a specified period. This metric is often important because one of the prominent exchanges’ service offerings is selling. Hence, an increase in the Exchange Inflow metric suggests the potential offloading of an asset by investors. The resulting increased supply of this cryptocurrency in the open market often adds downward pressure on the coin’s price, especially if there is no corresponding increase in demand. In a separate post on X, CryptoQuant’s head of research, Julio Moreno, shared a data piece supporting the recent spike in exchange inflows. According to data highlighted by the crypto researcher, the Bitcoin exchange inflows stood at about 81,000 BTC (the highest level seen since mid-July) on Friday, November 21. Ultimately, this recent spike in exchange inflows explains the volatility experienced by the price of Bitcoin on Friday. The flagship cryptocurrency succumbed to significant bearish pressure, seeing its price fall to just above $80,000 as the weekend approached. As of this writing, the price of BTC stands at around $86,070, reflecting an over 2% jump in the past 24 hours. Bitcoin In Profit-Taking Phase: CryptoQuant CEO CryptoQuant CEO Ki Young Ju revealed that Bitcoin is in a profit-taking phase, as evidenced by the rising exchange inflows. The crypto founder made this assertion based on the PnL Index Signal, which measures profit and loss levels using all wallets’ cost basis. With the current reading of the PnL Index Signal, Ju proclaimed that the classic cycle theory says that BTC is entering a bear market. According to the CryptoQuant CEO, only macro liquidity can override the profit-taking cycle—just as seen in 2020.  Hence, all eyes will be on the Federal Open Market Committee (FOMC) meeting in December, especially with the falling expectations of an interest rate cut by the US Federal Reserve (Fed).  Related Reading: XRP Price Has Surged 15% Anytime This Metric Appeared In The Past Featured image from iStock, chart from TradingView

The Bitcoin market remains in a prolonged correction phase, registering a 10.4% price drop in the last seven days.  As multiple analysts attempt to chart the asset’s price trajectory amid this volatile period, recent on-chain data have revealed potential local bottom targets. Related Reading: Kiyosaki Dumps Bitcoin At $90K After Predicting A $250K Moonshot – Here’s Why $55,900 Or $44,700 – How Low Can Bitcoin Go? In an X post on November 23, prominent market analyst Ali Martinez shares some insight on Bitcoin’s potential downside targets, amid the heavy price correction seen in recent weeks. Since hitting a new all-time high of $126,198.07 in early October, the leading cryptocurrency has recorded multiple heavy price drops, trading as low as $81,000.  Despite growing fears of a bear market, several analysts still consider the recent downswings to be a mere correction, with the expectation of a local bottom and eventual price rebound in the coming weeks. Using data from the MVRV Pricing Bands, Martinez has identified two potential targets for this anticipated price bottom. Generally, the MVRV Pricing Bands are price levels derived from the Market Value to Realized Value (MVRV) ratio that indicate whether a cryptocurrency is likely overvalued, undervalued, or fairly valued relative to the average price paid by investors. As seen in the chart above, these pricing levels have fixed multiples, i.e, 0.8x, 1.0x, 2.4x, 3.2x, that represent various degrees of undervaluation or overvaluation. According to Martinez, Bitcoin has historically shown to establish a local bottom anytime it dipped below the 1.0*Realized Price (RP) (green line), and 0.8*RP (blue line), as seen around October 2018, April 2020, and November 2022. Presently, the 1.0*RP and 0.8*RP stand at $55,914 and $44,713, respectively, suggesting the premier cryptocurrency could still experience further price correction between 35% to 48% before relaunching another bullish wave. On the other hand, if a bullish rebound occurs before or after hitting the local bottom targets, the MVRV pricing bands reveal impressive upside targets at $134,195 (2.4*RP) and $178,927 (3.2*RP), respectively. Related Reading: Bitcoin Hits Major Inflection Point As Rising Wedge Breaks Bitcoin Market Overview At the time of writing, Bitcoin continues to trade at $85,938 following a slight price gain of 1.15% in the past day. Meanwhile, the asset’s daily trading volume is down by 68.09% and valued at $40.75 billion. Amid Bitcoin’s price struggles, the US BTC Spot ETFs have also witnessed a similarly significant level of investor flight. According to data from SoSoValue, these investment funds have registered a total net outflow of $4.339 billion in the last four weeks. Featured image from Flickr, chart from Tradingview

According to the latest on-chain data, investors have been excessively betting on the Bitcoin price in recent weeks, leading to its overall struggles. Longs Vs Shorts Imbalance — How This Induced Price Crash In a November 22 post on social media platform X, Alphractal CEO and founder Joao Wedson revealed the underlying dynamics behind Bitcoin’s recent unchecked fall. In deciphering this downward trend, the crypto pundit evaluated the Estimated Long/Short Positions metric, which estimates how much of the Open Interest across exchanges is dedicated to long positions relative to short positions. Wedson reported that, across 19 exchanges, there are about 71,000 BTC positioned in longs, while a relatively smaller amount of BTC (27,900) is dedicated to shorts. While this observation does not include data from the Chicago Mercantile Exchange (CME), the discrepancy between longs and shorts remains unusually large. Related Reading: Kiyosaki Dumps Bitcoin At $90K After Predicting A $250K Moonshot – Here’s Why This imbalance is significant because when there are clusters of long positions at similar price levels, the market tends to lean into a more fragile state. Moderate pullbacks beneath these clusters often lead to a cascade of forced liquidations (known as a long squeeze) — an event which could in turn push prices further south. Notably, Wedson pointed out that traders must have been convinced that $100,000 was Bitcoin’s price bottom — a speculation that soon became null after its failure. Afterwards, $90,000 came into focus, with another series of liquidations following suit. At the moment, $84,000 seems to be the price majority of Bitcoin’s speculative traders target as the new price bottom. These liquidation events that took place after the $100,000 and $90,000 supports were breached provided more buy-side liquidity for the Bitcoin price to topple. At the same time, most significant short positions have been closed off, making it difficult for a more defined price recovery to take place, as there is barely any sell-side liquidity to send the Bitcoin price to the upside. For Bitcoin to recover, Wedson explained that there needs to be a significant decrease in long positioning, while short exposure goes on the rise. Watch Out For $81,250 — Analyst In another post on X, technical analyst Ali Martinez noted that Bitcoin’s 2-year moving average, which stands at approximately $81,250, is an important landmark for the future trajectory of the flagship cryptocurrency. The analyst explained that historical failures of the 730-day SMA have often marked the beginnings of bear markets. Thus, in the scenario where the Bitcoin price slips past its current 2-year average price, we could be witnessing the start of a long bearish cycle As of press time, Bitcoin holds a valuation of $86,251, reflecting an over 3% price jump in the past 24 hours. Related Reading: Only An Asteroid Can Sink MSTR’s Bitcoin Bet, CryptoQuant CEO Says Featured image from iStock, chart from TradingView

Bitcoin is now sitting at one of its most critical junctures of the entire cycle. A rising-wedge breakdown has driven price straight into a key support zone just as BTC prints its first major post-ATH drawdown of over 33%, a level that has historically signaled prolonged weakness and heightened volatility. With technical pressure colliding with a historically significant threshold, the market now faces a decisive moment. Rising Wedge Break Sends Bitcoin Lower Into Key Support Zone Crypto analyst The Boss, in a recent breakdown of Bitcoin’s daily chart, highlighted the formation of a rising wedge pattern. As expected, Bitcoin has broken down from this wedge, sending the price sliding into what is considered a strong support zone. This level has historically acted as a turning point, making its current test a crucial moment for the market. Related Reading: Bitcoin Shows A Clear Momentum Reset — Is A Trend Reversal Coming? According to the analyst, this area could trigger a potential upward reaction, as buyers often step in when the price reaches such well-established support levels. However, the possibility of a rebound is not guaranteed. The structure must show early signs of strength before any meaningful recovery can be considered reliable.  Momentum indicators paint a cautious picture as they remain notably weak, showing no clear signal of bullish pressure returning to the market. At the same time, trading volume remains lower than necessary for a confident reversal, suggesting that buyers have yet to step in. Without stronger participation, any bounce may be shallow or short-lived. Due to these factors, the analyst emphasized that Bitcoin’s current level must be closely monitored. While a short-term reaction from support is possible, a failure to hold this zone would open the door to further downside and potentially expose deeper support areas.  BTC Hits 33% Drawdown Threshold: A Historically Significant Signal According to a recent update shared by Crypto Patel, Bitcoin has now recorded a 33% drawdown from its all-time high, marking a correction significant enough to grab the market’s full attention. This is more than a routine pullback; it represents a level of decline that has historically signaled deeper shifts in market sentiment. Related Reading: Bitcoin Faces A Negative Correlation Trend And Still Holds Strong — Here’s Why Looking back through previous cycles, every instance where BTC retraced beyond 33% after a peak has been followed by prolonged periods of weakness, increased volatility, and continued downside pressure. These drawdowns often served as transitional phases, where momentum reset before the next major trend could establish itself.  The market now sits in a critical phase, with traders and analysts watching closely to see whether Bitcoin repeats its well-known historical behavior or breaks the cycle with a stronger-than-expected recovery. Featured image from Pixabay, chart from Tradingview.com

The cryptocurrency market has been under severe bearish pressure in the past week, with the price of Bitcoin falling below this year’s opening price. At the same time, other large-cap assets have struggled, registering double-digit losses over the past few days. In recent months, conversations have swirled around the death of the typical four-year cycle and a shift in the Bitcoin market structure, with the spot exchange-traded funds (ETFs) providing fresh, consistent liquidity. However, the latest on-chain data shows that BTC ETF investors could be under pressure in the coming days. $79,300: The Pain Threshold For BTC ETF Buyers In a recent post on the CryptoQuant platform, IT Tech shared an insight into the current Bitcoin market dynamics and how it could affect the relatively new set of investors known as BTC ETF buyers. According to the on-chain analyst, these exchange-traded fund holders are “about to face their first real test.” Related Reading: Bitcoin Shows A Clear Momentum Reset — Is A Trend Reversal Coming? The relevant metric here is the Bitcoin US ETF Realized Price, which tracks the average purchase price of BTC held by United States-based exchange-traded funds. This indicator offers insights into the profitability of institutional investors and holders. IT Tech, however, made an interesting assertion, calling out the idea that ETF capital inflows are “Institutional Money.” The crypto analyst noted that most value added through US-based exchange-traded funds is mostly from retail investors buying through their brokerage accounts. As observed in the chart above, the Bitcoin US Exchange-Traded Funds Realized Price currently stands around $79,300. IT Tech said that the ETF buyers often feel “smart” when above the realized price, while they feel panic (as seen with most retail investors) when below their cost basis. According to the on-chain analyst, these ETF investors are not accustomed to Bitcoin price declines. Hence, this group of exchange-traded fund holders or “new retail,” who have not been tested before, could enter a phase of panic selling should they go underwater. Currently, the next significant support for the market leader is marked at around $82,000, where several spot investors have their cost basis. Ultimately, this evaluation makes $79,300 another crucial level to watch should the price of Bitcoin suffer further downturn.  Bitcoin Price At A Glance As of this writing, the price of BTC stands at around $84,500, reflecting an over 2% decline in the past 24 hours. According to data from CoinGecko, the flagship cryptocurrency is down by more than 11% in the past week. Related Reading: Who’s Selling? Here’s The Demographic Driving The Bitcoin, Ethereum, And Dogecoin Price Crash Featured image from iStock, chart from TradingView

Recent commentary from the Kobeissi Letter has underscored a troubling trend in the capital markets: crypto-focused funds have encountered substantial outflows, with a notable $2 billion exiting last week alone.  This marks the most significant withdrawal since February and extends a concerning streak, bringing total outflows to $3.2 billion over the last three weeks. Bitcoin And Ethereum Face Massive Withdrawals Leading these outflows is the market’s leading crypto, Bitcoin (BTC), which experienced a massive $1.4 billion in withdrawals, while the second largest cryptocurrency, Ethereum (ETH), followed closely with $689 million.  As a result of these dynamics, the average daily outflows as a percentage of assets under management (AuM) have reached unprecedented levels. Related Reading: Bitcoin Bear Market Confirmed? Expert Predicts Price Target Of $40,000 By Late 2026 The cumulative impact of these outflows, coupled with declining prices, has led to a 27% reduction in total assets under management, now standing at $191 billion, a situation that the Kobeissi Letter has termed a “structural decline.” Market sentiment remains largely negative, particularly for Bitcoin, with expert Lark Davis examining current trends through the lens of key moving averages.  Davis pointed out that as long as Bitcoin trades below the 50-week exponential moving average (EMA), currently placed just above the $10,000 mark, it remains in a bear market.  He questioned whether the current downturn signifies a “big bear,” hinting at skepticism regarding recovery prospects, or a “mini bear,” reminiscent of April’s decline where Bitcoin, despite losing the 200-day EMA, did not breach the 50-week EMA. Davis proposed three possible scenarios for the coming weeks. The first posits a drastic descent into “goblin town” without recovery, which he considers unlikely given current oversold conditions.  The second scenario involves a short-term rally that tests the 50-week EMA, potentially luring investors back before a sharp downturn.  The third scenario, which Davis leans towards, suggests that Bitcoin could reclaim the 50-week EMA by year-end, fueled by easing macroeconomic conditions, including interest rates and market valuations. Crypto Market Turmoil Intensifies  Compounding these market concerns is the precarious situation of Strategy, formerly known as MicroStrategy, headed by Bitcoin advocate Michael Saylor.  Jacob King, CEO of SwanDesk, remarked that should Bitcoin fall a few more percentage points, specifically below Strategy’s average buy at just below $80,000, the firm would find itself in a precarious position with its Bitcoin holdings.  King fears that forced liquidations could occur again for crypto investors, which could drive Bitcoin prices down toward $10,000 or lower due to increased selling pressure. Related Reading: Saylor’s Strategy Under Threat: Index Status At Risk With $8 Billion On The Line King’s commentary reflects a broader skepticism regarding the sustainability of the crypto market’s structure. He criticized the investment strategies surrounding Bitcoin as being propped up by “unsustainable fraud and hopium.”  Highlighting past statements by Saylor, King recalled when Saylor encouraged extreme measures—such as taking out double mortgages and selling personal assets—to invest in Bitcoin, asserting that the current market turmoil should come as no surprise. At the time of writing, Bitcoin was trading at $84,700, over 30% below all-time high levels of $126,000 reached earlier in October.  Featured image from DALL-E, chart from TradingView.com

On-chain data shows a large amount of USDC inflows have just hit exchanges, a potential sign that investors are looking to buy the Bitcoin dip. USDC Exchange Inflow Has Registered Multiple Spikes Recently As explained by CryptoQuant community analyst Maartunn in a new post on X, the USDC Exchange Inflow has shot up recently. The “Exchange Inflow” here refers to an indicator that keeps track of the total amount of a given asset that’s being transferred to wallets connected with centralized exchanges. Related Reading: Bitcoin Mayer Multiple Retraces To Lower Bound—What Comes Next? Generally, investors deposit their coins to these platforms when they want to trade them away. As such, whenever the Exchange Inflow spikes, it can be a sign that there is demand for selling the asset. Such a trend can naturally be bearish for Bitcoin and other volatile cryptocurrencies. When it comes to stablecoins, however, trading has no effect on their price, as they are, by definition, stable around the fiat currency that they are pegged to. This doesn’t mean that stablecoin exchange deposits are without consequences, though. Investors usually store their capital in the form of USDC or another stablecoin when they want to avoid the volatility associated with Bitcoin and company. Once these traders feel the time is right to buy back in, they send their stables to exchanges and swap to the asset of their choice. As such, stablecoin inflows can actually be a bullish sign for the market. From the chart shared by Maartunn, it’s visible that the USDC Exchange Inflow has surged recently, a potential sign that fresh capital is looking to accumulate the volatile coins. The latest wave of USDC exchange deposits have arrived as Bitcoin and other digital assets have gone through a crash. Given this timing, it’s possible that traders are buying the dip. In some other news, the recent bearish price action has been especially hard on the short-term holders (STHs), as Glassnode analyst Chris Beamish has pointed out in an X post. As displayed in the above graph, the Bitcoin STHs have witnessed a plunge in their Net Unrealized Profit/Loss (NUPL) alongside the market downturn. STHs are the investors who purchased their coins within the past 155 days, and the asset is currently trading at levels notably below any seen during this window, so the entire cohort has dropped into a state of loss. Related Reading: Bitcoin Crash Dominated By US Selling, CryptoQuant Data Shows Since the recent downtrend has been quite steep, the degree of unrealized loss faced by the cohort has also been unlike anything witnessed since November 2022, when the last bear market reached its bottom. “STH are seriously feeling the pain,” noted Beamish. BTC Price Bitcoin briefly slipped below $81,000 earlier in the day, but it has since seen a small jump back to $83,900. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView

In what could soon be recognized as the worst-performing week since November 2022, the market’s leading crypto, Bitcoin (BTC), experienced a significant downturn on Friday, plummeting to an eight-month low of $80,000. Market analysts suggest that this downturn began in earnest on October 10, when the market first exhibited signs of a downward trajectory. That day was marked by a brutal liquidation event, erasing nearly $21 billion within minutes and triggering a series of flash crashes that have since perpetuated fears throughout the industry. Digital Asset Treasuries At Risk?  Ran Neuner, the founder of Crypto Banter, believes he has uncovered the reasons behind the crash that commenced on October 10 and why the market has struggled to regain its footing since then. Related Reading: Saylor’s Strategy Under Threat: Index Status At Risk With $8 Billion On The Line According to Neuner, two primary players known as Digital Asset Treasuries (DATs), including firms like Strategy (MSTR) and others, have been significant buyers driving this market cycle. The objective for these firms is straightforward: to become large enough to gain entry into major indices.  Once included, passive index trackers are compelled to purchase large quantities of their stocks, thereby enabling these companies to grow even larger and secure placements in additional indices, thus perpetuating a self-reinforcing cycle. On October 10, MSCI, the world’s second-largest index company, announced a critical evaluation. They are questioning whether companies that primarily hold crypto assets should be classified as either “companies” or “funds.” If these firms are categorized as funds, they would no longer qualify for inclusion in passive indexing.  This is crucial because funds follow a cyclical pattern: they acquire assets, grow larger, and become eligible for additional indices, further boosting their asset base. A ruling on this matter is anticipated on January 15, 2026.  Should it favor the classification of these companies as funds, Neuner asserts that firms like Strategy could face automatic removal from all indices. Such a decision would compel pension funds and other passive index holders to divest from these companies, effectively diminishing one of their primary reasons for existence. The Future Of Crypto Hinges On Upcoming Ruling Given that DATs have underpinned the current market cycle through substantial purchasing pressure, investors apparently recognized the implications of the October 10 announcement right away and adjusted their positions accordingly.  This pivotal date now appears anything but coincidental; it marked a realization among informed market participants regarding significant risks to both cryptocurrencies and the existing market structure. Related Reading: Bitcoin Bear Market Confirmed? Expert Predicts Price Target Of $40,000 By Late 2026 Looking ahead, the expert predicts that the market could continue to decline until the end of December. If the forthcoming announcement from MSCI is unfavorable, Neuner believes that a substantial sell-off may ensue as investors prepare for the potential exclusion from indices. Conversely, if the ruling is positive, Neuner asserts that it could signal a renewed bull market for Bitcoin and the broader crypto market. As of this writing, Bitcoin has slightly recovered to $84,880. However, the market’s leading cryptocurrency is trading 32% below its all-time high of $126,000, which was reached at the beginning of October—just four days before the major crash.  Featured image from DALL-E, chart from TradingView.com 

The dynamic landscape of the Bitcoin market is entering a full momentum reset, the kind that typically appears in the cooling phase between major trend cycles. After a period of decisive movements, the market now finds itself in a state where previous directional force has largely dissipated, allowing for a re-evaluation of its path. A Necessary Reset Before Bitcoin’s Next Big Push In an X post, Swissblock has mentioned that Bitcoin momentum is clearly in a reset phase, and the question now is how long until it flips. Historically, in late February to early April 2025, the bottom required roughly 7 weeks for a full momentum to reset. Moving further back to late June to late September 2024, the correction took close to 14 weeks for a full reset and consolidation before a clear trend emerged. Related Reading: Bitcoin Bear Market Confirmed? Expert Predicts Price Target Of $40,000 By Late 2026 Data shows that the current momentum reset has been underway for weeks, placing BTC right inside the window where past cycles have typically reached exhaustion. This zone historically marks the point where downside pressure weakens and the higher probability of a counter-trend move increases sharply. The crypto market is collapsing. An industry-leading commentary on the global capital markets, The Kobeissi Letter, revealed that on October 6th, just 45 days ago, Bitcoin touched an all-time high of $126,272, with the total crypto market capitalization reaching $2.5 trillion. However, everything changed on October 10th, when President Donald Trump threatened 100% tariffs on China, shifting the surface of the crypto market. This announcement triggered a chain reaction record of $19.2 billion in liquidations, the highest ever recorded in a single event, and BTC never truly recovered from the shock. Even when a trade deal between the US and China was reached on October 30th, the liquidation pressures only worsened. Since November 10th, BTC price action has moved into a literal straight line lower, with average daily liquidations approaching $1 billion.  Throughout this entire 45-day bear market, there has been an absence of bearish fundamental developments within the crypto space. Kobeissi concluded that this is a mechanical bear market driven by an excessive level of leverage and sporadic liquidations, claiming the market is efficient, and it will iron itself out. Will BTC Emerge Stronger From This Test? This current Bitcoin correction has now fallen perfectly in line with the previous major drawdowns of this cycle. A full-time crypto trader and investor, Daan Crypto Trades, highlighted that each of these corrections in the ongoing cycle has their own story, but this one is hitting the market the hardest. Related Reading: Bitcoin Is 80% Into The Bear Market, Analyst Reveals What Will Confirm It 100% Though the 10/10 liquidation event didn’t just hit BTC, it obliterated altcoins. For most of this brutal BTC correction, equities and metals were making fresh all-time highs, further triggering the bearish condition of the crypto landscape. Featured image from Pngtree, chart from Tradingview.com

Bitcoin is struggling to find support after losing the $85,000 level and plunging to $81,000, marking its weakest point since early spring. Bulls have clearly lost control of the trend, and fear now dominates the market, with sentiment rapidly shifting from caution to outright panic. Many traders are calling for a confirmed bear market, while others argue the move is an orchestrated shakeout designed to flush out weak hands before the next macro leg. Related Reading: Bitcoin OG Owen Gunden Deposits Final 2,499 BTC ($228M) to Kraken – Details Amid the chaos, top analyst Axel Adler shared new insights that highlight a structural shift beneath the surface. Until just yesterday, short-term holders (STHs) appeared relatively stable despite the correction. However, the situation has now changed dramatically. The Realized P/L component — which measures whether investors are selling at a profit or loss — has fallen to –1, signaling broad loss realization across the STH cohort. This metric turning negative for the first time in weeks confirms that capitulation among recent buyers is accelerating, a dynamic that historically increases pressure on the spot market. Although the sell-off is severe, some analysts argue that these conditions resemble previous manipulation-driven liquidity grabs, where deep corrections eventually set the foundation for sharp rebounds. STH Panic Mirrors Past Cyclical Bottom Signals Adler explains that the latest spike in short-term holder (STH) panic is not an isolated event — it closely resembles patterns seen during previous market bottoms. The chart clearly shows that similar surges in STH loss realization occurred in July 2021 and again throughout the 2022–2023 bear market, each time leading to accelerated selling, liquidity stress, and deeper short-term corrections. These phases were marked by fear-driven capitulation, where recent buyers dumped coins rapidly, often exaggerating the downside but ultimately exhausting available sell pressure. Today, that same structure is reappearing. With STH Realized P/L dropping sharply and the STH-MVRV ratio sitting below 1, fear has pushed many recent entrants into loss, triggering panic moves. Adler notes that this kind of forced selling tends to cluster near the end of corrections, not the beginning. Once STHs capitulate, the market often shifts into a period of stabilization as long-term holders absorb supply. Despite extreme sentiment across social and derivative markets, several analysts argue that this setup could create the conditions for a recovery. Historically, when STH panic peaks and long-term holders remain steady, Bitcoin has often staged strong rebounds in the weeks that follow. Related Reading: Bitcoin Mean Reversion Oscillator Prints First Green Oversold Bar in Months – A Classic Bull-Market Bottom Signal BTC Testing Key Demand Levels Bitcoin has entered a steep downtrend, and the chart clearly reflects the intensity of the current sell-off. BTC has dropped to the $83K–$84K range, marking one of the sharpest declines of this cycle. The breakdown accelerated once price lost the $92K and $90K supports, and the chart now shows a near-vertical move to the downside — a classic sign of capitulation-driven selling. On the daily timeframe, BTC is trading well below the 50-day, 100-day, and 200-day moving averages. All three have begun sloping downward, forming a full bearish alignment that signals weakening momentum across multiple time horizons. Price is currently attempting to stabilize around the 200-day moving average (red line), one of the last major trend supports in a macro bull structure. A clean close below this level could open the door to deeper downside. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging Volume has spiked aggressively over the past sessions, confirming panic participation. Unlike earlier corrections, this one shows sustained distribution without meaningful bounces, suggesting forced selling from short-term holders and large entities. However, the chart also shows early signs of selling exhaustion. Candles are printing long lower wicks, and intraday volatility has increased — conditions that often precede a temporary bottom. Featured image from ChatGPT, chart from TradingView.com

Recent data has revealed the demographics of sellers driving the Bitcoin, Ethereum, and Dogecoin crash. The Coinbase BTC premium index also continues to drop further in the red, which strengthens the case of where exactly the sell pressure is coming from. The Demographic Behind The Bitcoin, Ethereum, And Dogecoin Price Crash In an X post, crypto pundit Crypto Rover noted that the U.S. session has been the weakest trading session so far this month. The pundit further shared an accompanying chart, which showed that BTC has suffered a loss of around 12% in the U.S. session since the start of November, also leading to the Ethereum and Dogecoin crash.  Related Reading: Why Are The Bitcoin, Ethereum, And Dogecoin Prices Down Again? Meanwhile, the EU has had the second-weakest session after the U.S., with Bitcoin dropping around 12% in this session since the start of this month. The Asian session has been the least volatile, with BTC trading sideways, recording a drawdown of only about 2% since the start of November. Ethereum, Dogecoin, and altcoins have also been stable during the Asian trading session.  Crypto pundit Bossman also indicated that the U.S. was responsible for most of the sell pressure that is driving the Bitcoin, Ethereum, and Dogecoin crash. In an X post, he noted that every single American session is marked by relentless selling for hours. Meanwhile, the Asians wake up, buy it all back, and then the Americans wake up, and the selling begins again. Notably, the Bitcoin, Ethereum, and Dogecoin prices record increased volatility whenever the U.S. stock market opens, with market commentator Zerohedge attributing it to the ‘10 am slam’ by market algos. This indicates that institutional investors are heavily contributing to the market crash. This is evident in the significant outflows recorded by Bitcoin ETFs in recent times. These funds have recorded five daily net outflows over the last seven days, according to SoSoValue data. Coinbase BTC Premium Index In The Red CoinGlass data shows that the Coinbase Bitcoin premium index is in the red, further confirming that most of the sell pressure driving the BTC, Ethereum, and Dogecoin crash is coming from the U.S. Typically, a negative premium indicates that the BTC price on Coinbase is lower than the average global price, which signals weak demand from U.S. investors.  Related Reading: Analyst Who Predicted Bitcoin Price October Top Is Back With A New Prediction Crypto researcher Kyle Soska noted that Bitcoin and Ethereum are roughly 10 days into a derisking event by U.S.-based entities, likely a combination of ETF users and large private, ultra-high-net-worth individuals. He further remarked that this places the market near the end of the selling episode based on historical data.  Soska opined that the first of a near-term bottom would be a mean reversion of the Coinbase-Binance spot discount from its current level of around -$110 back to a more normal level range of around $40.  At the time of writing, the Bitcoin price is trading at around $85,000, down over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pixabay, chart from Tradingview.com

Data shows the Bitcoin Mayer Multiple has declined to the lower bound of its range recently, which suggests a slowdown in momentum for BTC. Bitcoin Mayer Multiple Is Now Retesting Its Lower Bound As explained by on-chain analytics firm Glassnode in a new post on X, the Bitcoin Mayer Multiple has retraced to the lower bound of its long-term range. The “Mayer Multiple” refers to an indicator that keeps track of the ratio between the BTC spot price and its 200-day moving average (MA). Related Reading: Bitcoin Crash Dominated By US Selling, CryptoQuant Data Shows In technical analysis (TA), the 200-day MA is considered as a boundary between macro bullish and bearish trends. Whenever BTC is trading above this line, a bullish bias may be assumed to be in play. Similarly, the asset being under the mark can imply a market downturn. Since the Mayer Multiple compares the spot price with this level, it essentially tells us about how far above or below Bitcoin is from the bull-bear boundary. The cryptocurrency gaining a large distance over the 200-day MA may imply it’s becoming overpriced, while it being too far under could increase the chances of a rebound to the upside taking place. Now, here is the chart shared by Glassnode that shows how the Bitcoin Mayer Multiple is looking right now: As displayed in the above graph, the Bitcoin spot price has broken below the 200-day MA with its recent downtrend, which has resulted in the Mayer Multiple approaching a value of 0.8. This 0.8 level happens to be where the indicator’s long-term range has found its lower boundary in the past. The last time the metric fell below this line was during the 2022 bear market. “Historically, such compressions have aligned with value-driven phases where price consolidates and demand begins to step in,” noted the analytics firm. It now remains to be seen whether a break below is coming for Bitcoin or not. This technical boundary isn’t the only one that BTC is retesting; there are also a couple of important on-chain levels that the cryptocurrency happens to be trading around right now, making the current range a potentially significant one. Related Reading: Dogecoin’s Strongest Support Zone Revealed—Here’s The Level In a post on X, Glassnode senior researcher CryptoVizArt.₿ has shared some of the major on-chain price models. With its drop in the past day, Bitcoin has slipped under the Active Realized Price situated at $88,600, corresponding to the average cost basis of the active market participants. The next closest level is the True Market Mean, which is another cost basis model for the BTC network. Currently, this level is located at $82,000. “A breakdown below both Active Investors and the True Market Mean would mark the first major confirmation of a deeper bear trend since May 2022,” explained the Glassnode researcher. BTC Price At the time of writing, Bitcoin is trading around $87,200, down 13% over the last week. Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Bitcoin (BTC) experienced a slight rebound after reaching a near eight-month low of $87,500 on Wednesday. By Thursday, the leading crypto surged back toward $90,000. However, market expert Leshka warns that this brief increase may signal only the start of a new distribution phase for Bitcoin, as selling pressure continues to build. Possible Bottom Between $40,700 And $47,500 In a recent post on X (formerly Twitter), Leshka assessed Bitcoin’s position on the weekly chart, identifying critical demand zones between $40,700 and $47,500 that could take shape throughout 2026.  She suggested that these levels might represent the bottom for Bitcoin during the anticipated bear market. If such forecasts materialize, this could indicate price drops of 47% to 54% from current values. Related Reading: CEO Cuts Cardano Founder’s Bitcoin Price Forecast, Warns Bear Market Just Starting Despite these potential lows, Leshka remains optimistic about Bitcoin’s long-term trajectory. She mentioned that if these price targets are met, Bitcoin could rebound dramatically, reaching new all-time highs of around $150,000 by 2027. In the immediate time, however, bears appear to have the upper hand in the market. Analyst Ali Martinez recently noted that the TD Sequential indicator, which is designed to signal potential market reversals, has flashed a sell signal for Bitcoin.  Historically, this indicator has been a reliable predictor of price corrections, with past occurrences resulting in drops of 78% and 32%. A median correction based on these previous downturns would indicate a possible price target of $40,000, aligning with Leshka’s forecasts for Bitcoin. Analyst Predicts Temporary Rally For Bitcoin Technical analysis from Crypto Feras also contributes to this bearish sentiment. He pointed out that Bitcoin has breached its 50-day moving average (MA50) placed above $102,000, suggesting that a period of reflection is in order.  Feras indicated that the exponential moving averages (EMA89-99) could provide initial support at $88,500, typically facilitating a short-term “bearish retest” of the MA50 after a breakdown.  The analyst noted that this potential rally usually lasts for two to five weeks and may see both Bitcoin and altcoins behave positively, even though investors might misinterpret it as a return to a bull market. Related Reading: BlackRock’s Bitcoin ETF Bleeds Over $500 Million In Its Biggest One-Day Outflow Additional support is noted at $84,000, which could be briefly retested. Feras suggested that this scenario might represent a final bear trap before a more prolonged downturn, a historical trend that could repeat itself. He also addressed the question of when the market might shift back into “bull mode.” According to Feras, Bitcoin will remain in a bear market as long as it trades below its weekly MA50.  Once Bitcoin reclaims this important moving average, discussions regarding a potential bull market or continuation of a bull trend could resume. Until that happens, he emphasized that it is premature to label Bitcoin’s current phase as anything but bearish. Featured image from DALL-E, chart from TradingView.com

On-chain analytics firm CryptoQuant has revealed how selling from US Bitcoin investors has dominated during the recent market downturn. Bitcoin Coinbase Premium Gap Points To US Selloff In a new thread on X, CryptoQuant has talked about some key pieces of data related to the US-dominated Bitcoin selloff. The first indicator that CryptoQuant has shared is the “Coinbase Premium Gap,” which keeps track of the difference between the BTC price listed on Coinbase (USD pair) and that on Binance (USDT pair). Related Reading: Dogecoin’s Strongest Support Zone Revealed—Here’s The Level As the below chart shows, the 30-hour moving average (MA) value of this metric has plummeted into the red territory recently. A negative value on the Coinbase Premium Gap indicates that the asset is trading at a price lower on Coinbase as compared to Binance. The former exchange is the preferred platform of the American investors, especially large institutional entities, while the latter one hosts a global traffic. As such, a red premium can be a sign that US-based whales are selling more than world investors. “The Coinbase Premium Gap dropped as low as -$90, which is a sign of strong U.S. selling pressure,” explained the analytics firm. Another metric that points toward extraordinary selling pressure from the American traders during the recent price decline is the cumulative return for the different trading sessions. From the above chart, it’s visible that both European and Asia-Pacific trading hours have seen an almost neutral return in Bitcoin over the past month. The American session, on the other hand, has witnessed a deep negative value. Another major way institutional entities invest in Bitcoin is through the spot exchange-traded funds (ETFs), investment vehicles that hold BTC on behalf of their investors, and allow them to gain off-chain exposure to the coin’s price movements. These funds have also witnessed outflows during the selloff in the last few weeks. ETFs have seen net outflows for three straight weeks now, which is a departure from last year’s Q4 trend, where 194,000 BTC flowed into the wallets connected with these funds, but in Q4 2025 so far, 8,000 BTC has flowed out instead. “ETF outflows continue to weigh on the BTC spot market,” noted CryptoQuant. Related Reading: Bitcoin Short-Term Holders Panic: 65,200 BTC Sent To Exchanges At Loss As for what could be next for Bitcoin, the cost basis of the spot ETFs may be worth watching for, which is located at $86,566. If the cryptocurrency breaches below this mark, holdings of the spot ETFs will go underwater. BTC Price At the time of writing, Bitcoin is floating around $92,000, down more than 10% over the last seven days. Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com

Bitcoin price started another decline below $90,000. BTC is now showing bearish signs and might struggle to recover above $88,5000. Bitcoin started a fresh decline below $92,000 and $90,000. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay in a positive zone above the $90,000 level. BTC bears remained active below $88,800 and pushed the price lower. The bears gained strength and were able to push the price below the $87,500 zone. A low was formed at $85,276, and the price is now consolidating losses below the 23.6% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. Bitcoin is now trading below $90,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $91,500 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $87,000 level. The first key resistance is near the $89,000 level and the 50% Fib retracement level of the recent decline from the $92,872 swing high to the $85,276 low. The next resistance could be $91,000 and the trend line. A close above the $91,000 resistance might send the price further higher. In the stated case, the price could rise and test the $92,500 resistance. Any more gains might send the price toward the $93,200 level. The next barrier for the bulls could be $94,500 and $95,000. More Losses In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start another decline. Immediate support is near the $85,500 level. The first major support is near the $85,000 level. The next support is now near the $83,200 zone. Any more losses might send the price toward the $82,500 support in the near term. The main support sits at $80,000, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $85,500, followed by $85,000. Major Resistance Levels – $87,000 and $89,000.

Bitcoin is currently trading below $92,000, and the market is showing clear signs of exhaustion as selling pressure intensifies. Fear has pushed sentiment toward the bearish end of the spectrum, with many analysts now arguing that BTC may be entering a new bear market. The loss of key support levels and the rapid acceleration of downside volatility have only fueled these concerns, especially as short-term holders continue to capitulate at scale. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging However, not all perspectives are bearish. Some analysts believe that Bitcoin may be forming a local bottom, as the current correction resembles previous mid-cycle retracements seen during strong bull markets. They argue that the broader macro environment remains supportive and that long-term holders have not shown signs of structural weakness. As selling pressure concentrates among weak hands, the possibility of a reversal increases — especially once forced sellers exhaust themselves. Adding to the uncertainty, new on-chain data from Lookonchain revealed that Bitcoin OG Owen Gunden just deposited all his remaining 2,499 BTC into Kraken roughly an hour ago. Moves like this often trigger speculation, as exchange deposits from early holders can signal potential selling. Yet historically, similar events have also occurred near cycle bottoms when panic is at its peak. A Massive BTC Transfer Sparks Market Speculation According to fresh data from Lookonchain, Bitcoin OG Owen Gunden has just deposited his remaining 2,499 BTC (worth $228 million) into Kraken roughly an hour ago. This move has immediately raised questions across the market, as large exchange deposits from early whales often signal potential selling pressure. What makes this development even more notable is the context: just two weeks ago, Lookonchain reported that Gunden appeared ready to offload his entire 11,000 BTC stash — a position worth over $1.12 billion at the time. Now, with this final deposit, it appears he has officially completed the move. For many traders, this confirms that one of the oldest and largest long-term holders has fully exited or is preparing to exit the market. Such whale behavior can amplify fear during corrective phases, especially as Bitcoin continues to struggle below $92K. Moves of this scale not only contribute to short-term volatility but also influence sentiment by signaling that even early accumulators may be reducing exposure. However, historically, capitulation events from long-term holders have often coincided with or preceded major turning points. If this massive transfer marks the end of Gunden’s sell-off, the market may soon absorb the pressure — potentially clearing the path for a recovery once the fear subsides. Related Reading: Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 Short-Term Trend Still Under Pressure Bitcoin’s 4-hour chart reveals a market that remains firmly under short-term selling pressure, despite occasional relief bounces. The price is struggling to reclaim $92,000, a level that previously acted as support but is now working as resistance. The series of lower highs and lower lows highlights a persistent downtrend that has shaped BTC’s trajectory since early October. All major moving averages—the 50 SMA, 100 SMA, and 200 SMA—are positioned above current price action and pointing downward. This alignment confirms a clear short-term bearish structure. Each time BTC attempts to recover, it meets strong resistance at these declining MAs, signaling that sellers remain in control. The most recent bounce barely reached the 50 SMA before being rejected again, reinforcing the weakness of buyer momentum. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume remains elevated on downswings, which indicates that sell-offs continue to be driven by conviction rather than random volatility. Buyers are stepping in around the $89,000–$91,000 zone, but so far, this support has only produced temporary pauses rather than meaningful reversals. For a structural shift, BTC would need to reclaim at least the $95,000 area and break above the 100 SMA. Until then, the trend remains tilted toward further downside or continued consolidation near current levels. Featured image from ChatGPT, chart from TradingView.com

Bitcoin continues to struggle around the $90K level as the market battles intense selling pressure and widespread fear. Short-term sentiment remains fragile, with investors reacting to rapid price swings and mounting downside volatility. Yet, beneath the noise, key on-chain metrics are beginning to show signs that the correction may be nearing exhaustion. Related Reading: Nearly 7M Bitcoin Now Sitting At A Loss: Highest Unrealized Pain Since January 2024 According to analyst On-Chain Mind, Bitcoin’s Mean Reversion Oscillator has just printed its first green oversold bar in months, a signal that has historically aligned with late-stage retracements during bull markets. This oscillator measures how far price has deviated from its cyclical mean, helping identify when Bitcoin becomes overstretched to the downside. Each time this indicator dipped into its green oversold zone in previous cycles, Bitcoin was either forming a macro bottom or preparing for a significant rebound. The fact that this signal has appeared while BTC consolidates above $90K — despite severe profit-taking, forced liquidations, and structural fear — suggests that strong hands may be quietly absorbing supply. Historical Bottom Signals Align as Macro Tailwinds Strengthen On-Chain Mind explains that Bitcoin’s current Mean Reversion Oscillator reading aligns closely with historical patterns seen during bull market retracements. Each time the oscillator dipped into the green oversold zone while the 35 line held, Bitcoin formed a cyclical bottom before resuming its upward trajectory. This line has acted as a structural support level across multiple market cycles, and the fact that it is holding once again reinforces the idea that strong hands are stepping in as weaker participants capitulate. According to On-Chain Mind, when this indicator flashes green during an ongoing bull market, it often marks textbook accumulation territory — the kind of opportunity that appears only a few times per cycle. The current setup resembles previous late-stage pullbacks rather than the beginning of a prolonged bear trend. Adding to this outlook, NVIDIA’s blowout earnings delivered a major confidence boost to U.S. equities. With revenue and guidance far exceeding expectations, the results signal that AI-driven demand remains strong. In broader macro terms, such strength in tech leadership often spills over into higher-risk assets like crypto, improving liquidity and investor sentiment. Related Reading: Bitcoin Capitulation Deepens Around $90K Level: Classic Late-Stage Fear Structure Emerging Testing Support as Momentum Begins to Stabilize Bitcoin’s latest daily chart shows price attempting to stabilize after a sharp multi-week decline, with BTC currently trading near $92,000. This level is acting as a temporary support zone following the breakdown from the $100K area, where sellers aggressively dominated order books. The chart reveals a series of lower highs and lower lows — a classic short-term downtrend structure — but the recent candlesticks hint at reduced selling momentum compared to the peak pressure seen earlier in November. The 50-day and 100-day moving averages have both turned downward, reflecting weakening short-term trend strength, while the 200-day MA remains far below price, highlighting that the broader bullish cycle may not be invalidated yet. Importantly, the current candle structure shows smaller bodies and longer lower wicks, suggesting buyers are beginning to absorb sell-side liquidity around the $90K–$92K region. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price Volume profiles also support this shift. While capitulation-like spikes occurred during the heaviest drop, trading activity has now normalized, indicating panic selling is cooling off. Historically, such deceleration after a steep leg down often precedes a relief bounce, even if volatility persists. Featured image from ChatGPT, chart from TradingView.com

Crypto pundit Andrea has shared a 3-month scenario for Bitcoin that shows the flagship crypto could suffer a massive crash. This crash is expected to follow BTC’s rebound and an end-of-year rally to new highs.  Pundit Projects Bitcoin Crash To $60,000 After Rebound To New Highs In an X post, Andrea shared an accompanying chart showing that Bitcoin could eventually crash to $60,000, with the crash expected sometime in mid-2026. However, before then, the crypto pundit predicted that BTC could still rally to new highs despite its recent crash below the psychological $100,000 level.  Related Reading: Here’s Why The Bitcoin Price Keeps Crashing- Is $80,000 Next? Specifically, he revealed a potential three-month scenario for Bitcoin, stating that he expects an end-of-year rally to at least $115,000-$116,000. The crypto pundit added that if BTC can break that level, then it could push towards $135,000 and $140,000, which will mark new all-time highs (ATHs) for the flagship crypto.  However, Andrea stated that the peculiarity of this pump will be with a dropping BTC dominance, with altcoins outperforming the flagship crypto. This analysis comes amid Bitcoin’s most recent crash below $90,000, which marked a seven-month low for BTC. Notably, veteran trader Peter Brandt has predicted that this decline could extend further, with the flagship crypto dropping to as low as $58,000.  Brandt questioned whether Bitcoin’s sweeping reversal on November 11, followed by 8 days of lower highs and the completion of a massive broadening top, qualifies as a bear market. He added that the targets implied are $81,000 and $58,000. The veteran trader also remarked that those who claim they will be big buyers at $58,000 will be pukers by the time BTC reaches $60,000.  BTC Suffers A Breakdown Of The Megaphone Pattern Crypto analyst Colin revealed that Bitcoin has broken down from the megaphone pattern. He noted that without a quick recovery in the next day or two, this would suggest that BTC is entering a bear market. He opined that this bear market may be less intense due to diminishing returns and diminishing losses each cycle.  Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned The analyst reiterated that if the Bitcoin price can reclaim the 50-week moving average before the week is over, it could signal a bullish outlook for the flagship crypto. However, until then, he remarked that it is better to assume that a bear market or bigger correction is the most likely scenario. Colin also raised the possibility of BTC following the ISM (business cycle) higher in a big move next year, after this corrective period. If that happens, then the bear market may be short-lived.  At the time of writing, the Bitcoin price is trading at around $93,000, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Pngtree, chart from Tradingview.com

Sentiment around Bitcoin has suffered a major hit in recent weeks after the price fell below $100,000. This has led to a series of bearish predictions for the cryptocurrency, as many analysts and investors alike believe that the crash is far from over. One analyst, who goes by Mr. Wall Street on the X (formerly Twitter) platform, has predicted a step decline, revealing how low the Bitcoin price will go and when the crash should be expected to be over. Bitcoin Headed below $60,000? In the post, Mr. Wall Street expressed that the Bitcoin price has already hit its cycle top, and as such, there is nowhere else to go but down. The chart points to possible price reversals for the cryptocurrency, but ultimately, all of these are expected to be short-lived and precede further crashes. Related Reading: Wondering Why The XRP Price Is Still Lagging Despite Record ETF Launch? Read This As the Bitcoin price struggles to reclaim $100,000, the crypto analyst warns that it is more likely to crash further, highlighting the $74,000-$82,000 level as the next major point of interest. This would mean that Bitcoin could see a more than 10% drop in price from this level. However, the analyst doesn’t stop there ,as it seems the Bitcoin price is headed into another stretch of bear market. The year is already rapidly coming to an end, and the crypto analyst expects the year 2026 to be even more bearish. By next year, Mr. Wall Street believes that the Bitcoin price could fall below $60,000, reaching as low as $54,000. The timeframe for this is set in the last quarter of 2026, but this would also mark the bottom. Given this, the analyst believes that the $54,000-$60,000 will be the best time to get into the asset to position for the next wave of upward movements. Head And Shoulders Pattern Supports Decline The bearish sentiment is echoed by others such as Leshka.eth, whose recent analysis also points to a possible drop in price. The analyst shows that Bitcoin completed a head and shoulders pattern, with the neckline firmly in place. Given this, the price has entered into a state of reset, and this reset is far from over. Related Reading: Forget XRP, DFDV Exec Predicts Solana Price Is Headed For $10,000 Interestingly, Leshka.eth also posits that the Bitcoin price will crash by over 40% from its all-time high prices. This was highlighted in an earlier post that predicts that BTC is headed for as low as $40,000. The timeline also suggests that this will happen sometime in 2026, before a bottom is established. Featured image from Dall.E, chart from TradingView.com

Cardano (ADA) founder Charles Hoskinson previously projected that the Bitcoin price could reach an impressive price of $250,000 as early as this year. This bold forecast, made in April, came at a time when Bitcoin was trading at $77,000 after achieving a record high of $109,000 in January.  Hoskinson’s Optimistic Bitcoin Price Forecast Hoskinson’s optimism was based on his belief that international negotiations, particularly between the US and China, would favor Bitcoin’s growth.  The Cardano founder suggested that easing tariffs would lead to a positive market reaction and bolster adoption, particularly with the anticipated passage of the GENIUS Act, which was signed into law by President Trump a few months later. Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why However, the current market realities have raised doubts about Hoskinson’s prediction. Since then, Bitcoin has experienced significant fluctuations, briefly regaining momentum to reach $126,000 mid-October, only to see the broader crypto market subsequently shed over $1 trillion in total market cap.  This downturn has largely been attributed to persistent selling pressure by concerned investors, and substantial outflows from the Bitcoin exchange-traded fund (ETF) sector, with nearly $2 billion sold over since October. As it stands, Bitcoin is trading at approximately $89,300, marking a nearly 30% decline from its recently achieved all-time highs. In light of this, Jacob King, CEO of Swandesk, publicly dismissed Hoskinson’s $250,000 price target, characterizing it as unrealistic.  Is Bitcoin In A New Bear Market Cycle? In a post on social media platform X (formerly Twitter), King stated that such lofty price predictions are “pulled out of thin air” and reflect a market still grappling with “delusions.” King elaborated on his viewpoint, suggesting that the industry is in the early stages of a new bear market cycle.  He is not alone in this assessment. Market expert Lark Davis recently noted that, based on the classic four-year Bitcoin price cycle, the cryptocurrency has officially entered bear market territory.  Davis commented that this scenario leaves two possibilities: either the established four-year cycle is no longer relevant, or the market has indeed shifted into a bearish phase. Given the current macroeconomic backdrop, he leans toward the latter interpretation. Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel Additionally, others in the market have echoed these bearish sentiments. An analyst known as Mr. Wall Street has recently speculated that the Bitcoin price peaked at $126,000.  The analyst believes that this may mark the zenith for this cycle, predicting that the Bitcoin price could next face significant downward pressure, potentially slipping to a range between $74,000 and $82,000. He further forecasts a possible decline to levels between $54,000 and $60,000 by the fourth quarter of 2026. Featured image from DALL-E, chart from TradingView.com 

Nearly two years after the inception of the Bitcoin ETF sector in the United States, these funds are currently grappling with significant challenges, exacerbated by mounting concerns regarding a potential bear market in the coming months.  This turmoil is exemplified by the BlackRock iShares Bitcoin Trust ETF (IBIT), which experienced its largest single-day withdrawal since launch, further contributing to the decline in Bitcoin’s price. Profit-Taking And Caution The recent outflows from BlackRock’s Bitcoin ETF highlight the severity of the current selloff within the Bitcoin market, which has experienced a substantial correction below the crucial $100,000 mark following a record high reached in October.  Related Reading: Kraken Achieves $20 Billion Valuation With $200 Million Investment From Citadel This downturn emphasizes the widespread pullback affecting various risk assets, while gold has notably remained resilient. Some analysts suggest that these developments indicate a trend of investors shifting their exposure from Bitcoin to gold. “The crypto market entered a hangover in August,” said Thomas Perfumo, Global Economist at Kraken, in a recent interview with Reuters, noting that much of the earlier demand for Bitcoin had been fueled by borrowed funds. He added, “Momentum seemingly peaked during the summer. But the truth is this hangover trend started months ago.” Analysts have also pointed to profit-taking behaviors among long-term holders and increasing caution among Bitcoin ETF funds and digital asset treasury (DAT) firms, which had previously ramped up their acquisitions throughout the year.  Brian Vieten, a research analyst at Siebert Financial, stated that Bitcoin treasury companies had collectively purchased nearly $50 billion worth of Bitcoin over the past year.  Recently, however, many of these firms have begun trading at a discount to their net asset value, which could dampen market expectations for new Bitcoin purchases in the near term. Bitcoin ETF Inflows Plummet This shift occurs amid rising concerns among heavyweight investors regarding inflated valuations across various asset classes. José Torres, a senior economist at Interactive Brokers, noted that “an ongoing lack of speculative spirits is weighing on Bitcoin.” Related Reading: Bitcoin Dips Below $90,000—Yet Altcoins Remain Unscathed: Here’s Why Despite managing over $73 billion in assets, IBIT has seen a decline of 19% in the current quarter. Data from SoSoValue indicates that spot Bitcoin ETF funds collectively have recorded $2.59 billion in outflows this month alone.  Leading the pack is BlackRock’s Bitcoin ETF, which has experienced $1.78 billion in outflows in November alone. The Fidelity Wise Origin Bitcoin Fund (FBTC) ranks second, with nearly $540 million in outflows. The turbulence isn’t limited to Bitcoin; the Ethereum exchange-traded fund sector also faced outflows, totaling approximately $74.2 million yesterday, with BlackRock selling off $165.1 million. On a more positive note, Solana spot ETFs reported net inflows of $30.09 million on Tuesday, primarily driven by Bitwise’s BSOL. This marks a major streak of 15 consecutive days of inflows for Solana. Featured image from DALL-E, chart from TradingView.com 

Bitcoin price found support near $88,500. BTC is now correcting some losses but faces many hurdles near $92,500 and $93,500. Bitcoin started a fresh decline below $93,000 and $92,500. The price is trading below $93,000 and the 100 hourly Simple moving average. There is a bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it settles below the $90,000 zone. Bitcoin Price Faces Hurdles Bitcoin price failed to stay in a positive zone above the $92,000 level. BTC bears remained active below $92,000 and pushed the price lower. The bears gained strength and were able to push the price below the $89,500 zone. A low was formed at $88,570, and the price is now attempting a recovery wave. There was a move above the 50% Fib retracement level of the recent decline from the $93,747 swing high to the $88,570 low. Bitcoin is now trading below $93,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair. If the bulls attempt another recovery wave, the price could face resistance near the $92,500 level and the 76.4% Fib retracement level of the recent decline from the $93,747 swing high to the $88,570 low. The first key resistance is near the $93,500 level and the trend line. The next resistance could be $93,750. A close above the $93,750 resistance might send the price further higher. In the stated case, the price could rise and test the $94,500 resistance. Any more gains might send the price toward the $95,000 level. The next barrier for the bulls could be $95,500 and $96,200. Another Decline In BTC? If Bitcoin fails to rise above the $93,500 resistance zone, it could start another decline. Immediate support is near the $91,150 level. The first major support is near the $90,500 level. The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $91,150, followed by $90,500. Major Resistance Levels – $92,500 and $93,500.

The discourse around the next wave of Bitcoin adoption won’t be fueled by ideology or belief, but will be driven by pure economic advantage. As the global financial system moves toward higher costs, weaker currencies, and increasing inefficiencies, BTC is emerging as the most compelling alternative because it works more effectively.  Economic Pressure Points That Will Accelerate Bitcoin Uptake In the rapidly evolving landscape of digital finance, the narrative surrounding Bitcoin’s future has often been intertwined with fervent ideological conviction. A media company, known as TFTC on X, has highlighted why BTC adoption won’t be driven by ideology, but rather by economics. Related Reading: Bitcoin Now Accepted By 4 Million Businesses, Thanks To Jack Dorsey Every merchant today is focused on handing over 2–3% of every transaction to payment processors and lives under the constant threat of chargebacks. Especially for small businesses, those costs and risks compound fast. However, BTC eliminates all of it with no processing fees, no chargebacks, just instant, final settlement straight into the merchant’s wallet. As Miles, a crypto enthusiast, consistently pointed out, the economic incentives are so overwhelmingly strong that adoption becomes inevitable. Merchants save thousands on fees, and they can pass those savings back to their customers through instant cashback rewards for using BTC.  This dynamic creates a self-reinforcing flywheel effect, allowing Merchants to lower their operational costs and increase their profit margins. At the same time, consumers would get tangible rewards and better value for their money by simply using BTC. Both sides will benefit immensely, while the BTC network will grow stronger. When the underlying math is this incredibly favorable, adoption is no longer a philosophical stance, but it’s an economic certainty. The Path To Reclaiming Bullish Momentum While the economic incentives will be responsible for Bitcoin’s next rally, analyst Rekt Capital has revealed a historical demand area, marked in orange, which has played a pivotal role in dictating BTC’s next major trend. The first time price tapped this zone, it produced a sharp +20% rebound before breaking down. After this breakdown, the BTC price moved to lower levels to absorb the remaining buy-side liquidity. Related Reading: Bitcoin In Bullish Confluence: Death Cross And Key Support Signal Upside Once BTC reclaimed the orange region as support, it triggered a +37% rally to new all-time highs. On the second retest, this same support zone showed signs of strength. Currently, BTC is finding support at this same historical demand area. What would happen next will be critical in determining whether this demand area will continue to strengthen or if signs of weakening will finally emerge. Furthermore, BTC will need to break the multi-week downtrend, marked in black on the chart, to relieve fear of fading support. A rebound from this demand area that fails to break the multi-week downtrend would only result in a yield of +10% move, which suggests that the support zone may be weakening. Featured image from Getty Images, chart from Tradingview.com

Bitcoin is trading at critical price levels as the market enters one of its most tense and uncertain stages of the year. The crypto market is showing clear signs of stress, and new data from CryptoQuant confirms that Bitcoin is now moving into one of the most severe short-term capitulation phases of this cycle. According to the latest on-chain metrics, short-term holders (STHs) are realizing losses at a scale typically seen only near major market turning points. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price The key indicator driving this analysis is STH-SOPR, which has plunged to deeply depressed readings around 0.97. This means STHs are selling coins at a clear loss, often driven by fear rather than strategy. Even more importantly, this metric has spent several consecutive weeks below the critical 1.0 threshold, forming what analysts refer to as a structural “capitulation band.” Historically, whenever STH-SOPR remained under 1.0 for extended periods, it signaled heavy emotional selling—typically from the most reactive and least informed market participants. These episodes have repeatedly aligned with late-stage corrections, market reversals, and shifts in long-term holder dominance. With Bitcoin now sitting at a crucial technical and psychological zone, the next phase could determine whether this becomes a deeper bear trend or a major reset before recovery. Short-Term Holders Under Extreme Stress as Capitulation Deepens According to XWIN Research on CryptoQuant, the current selloff is being amplified by the behavior of short-term holders, with the STH-MVRV ratio now sitting far below 1.0. This indicates that nearly all recent buyers are holding Bitcoin at a loss, placing short-term profitability in one of the weakest conditions in the entire dataset. Historically, these deep unrealized-loss phases are extremely rare and tend to compress selling pressure quickly, as weak hands eventually run out of coins to sell. This pattern is clearly visible in real market flows. A striking 65,200 BTC were recently sent to exchanges at a loss, showing that fear is not an abstract sentiment but is materializing in real, loss-driven capitulation. This kind of behavior aligns with classical capitulation structures: unrealized losses surge, panic selling intensifies, and eventually selling pressure becomes unsustainable. Once that happens, stronger hands begin absorbing supply quietly in the background. While this setup doesn’t guarantee an immediate rebound, the broader structure is shifting toward conditions that have historically preceded cyclical recoveries. STH losses remain at extreme levels, STH-SOPR is still below 1.0, and the pressure fueling exchange inflows is rooted in panic rather than fundamentals. Volatility is likely to persist, but the ongoing cleansing of weak hands is a process often seen near the end of major corrections — not at the start. Related Reading: Galaxy Digital Dumps 2,800 BTC as Bitcoin Crashes Below $90K Testing Weekly Support as Momentum Weakens Bitcoin’s weekly chart shows the market approaching a critical turning point as price trades just above $91,000 following a sharp multi-week decline. The recent breakdown from the $110,000–$105,000 range has confirmed a loss of bullish momentum, with sellers gaining control and pushing BTC toward its next major weekly support cluster near the 50-week moving average around $88,000–$90,000. This zone has historically acted as a key pivot level, often signaling whether a corrective phase deepens or stabilizes. Volume adds important context. The past several weekly candles show rising sell-side activity, reflecting panic-driven exits rather than orderly distribution. However, this surge in volume also indicates that the market may be approaching a capitulation threshold, where forced selling begins to exhaust itself — a setup often seen before stronger hands step in. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis Structurally, Bitcoin is still trading above the 100-week and 200-week moving averages, both of which continue to trend upward. This suggests the aggressive downside move has not yet broken the broader macrotrend. But the loss of mid-term support levels and the sustained downward pressure highlight a market struggling to find confidence. Featured image from ChatGPT, chart from TradingView.com

Bitcoin is now holding ground around the $90K level as the market transitions into a new and uncertain phase. Sentiment is sharply divided: some analysts argue that the breakdown below $100K marks the beginning of a new bear market, while others believe Bitcoin is setting the stage to break its traditional four-year cycle and rally harder than ever in the months ahead. This tension reflects a market struggling to price in fear, macro pressure, and structural shifts in liquidity. Related Reading: XRP Supply In Profit Falls to 58.5% – Lowest Since 2024 Despite Higher Price According to new data shared by top analyst Darkfost, more than 6.96 million BTC accumulated by investors are now sitting at an unrealized loss. This marks the highest level of unrealized loss since January 2024, even though the current correction has not yet surpassed the steepest drawdown seen earlier in the cycle. The implication is clear: a massive portion of supply was accumulated near Bitcoin’s previous all-time highs, making recent selling pressure especially emotional and reactive. Despite this, Bitcoin continues to defend the $90K region — a sign that demand is absorbing extreme stress. Whether this marks the early stage of a bear market or the final flush before a major rebound remains the central question dominating the market. Rising Unrealized Losses Signal a Classic “Change of Hands” Phase Darkfost explains that the spike in unrealized losses reflects a simple but critical reality: a massive amount of Bitcoin was accumulated near the previous all-time highs, meaning many recent buyers are now underwater. This is especially true for short-term holders (STHs), who tend to react quickly to volatility. Their elevated cost basis — clustered near cycle tops — makes them more vulnerable to panic selling, which is exactly what the market is witnessing as BTC hovers near $90K. This phenomenon helps explain the intense selling pressure seen in recent days. STHs, driven by fear and deteriorating sentiment, have been sending coins to exchanges at a loss, amplifying short-term volatility. But Darkfost notes an important historical pattern: during bullish market structures, rising unrealized losses have consistently produced strong buying opportunities. Related Reading: Galaxy Digital Dumps 2,800 BTC as Bitcoin Crashes Below $90K These phases often mark the transition where weak hands capitulate and long-term, conviction-driven buyers absorb supply. This is the defining moment of the “change of hands” narrative — where Bitcoin shifts from emotionally driven participants to strategic holders who shape the next major move. BTC Price Analysis: Testing Major Support as Momentum Weakens Bitcoin continues to trade under heavy pressure, holding just above the critical $90K region after a sharp multi-week decline. The 3-day chart shows a decisive break below the 50-day and 100-day moving averages, signaling a loss of short- and medium-term momentum. Price is now sitting directly on the 200-day moving average — a level that historically acts as the final line of defense during deep corrections in bullish cycles. The recent candles show long lower wicks, suggesting buyers are attempting to defend this zone, but the rebound strength remains limited. Volume has increased on downside moves, confirming that sellers are driving the current structure. This pattern resembles previous late-cycle shakeouts, where high volatility clusters near major moving averages precede a trend reset or further breakdown. Related Reading: Ethereum Approaches Historical Accumulation Level – Just 8% Away From LTH Cost Basis Structurally, BTC is forming lower highs and lower lows on this timeframe — a clear sign of short-term bearish conditions. A sustained break below the 200-day MA could accelerate downside momentum and expose lower liquidity pockets around $85K–$88K. However, if bulls manage to stabilize the price above $90K and reclaim the 100-day MA in the coming sessions, it could signal seller exhaustion. Right now, Bitcoin sits at a pivotal crossroads, with market sentiment fragile and direction dependent on how this support zone holds. Featured image from ChatGPT, chart from TradingView.com

Bitcoin has spent the past several weeks trapped in a persistent decline, wiping hundreds of billions of dollars from its market value and reversing nearly a year’s worth of gains. The pullback has pushed the price far below its October all-time high of $126,000 and has dragged sentiment with it as traders search for answers.  A detailed breakdown shared by crypto analyst Tracy Shuchart offers the clearest picture yet of why this downturn has been so aggressive. Her analysis points to a failure not driven by a single factor but by several interconnected forces that broke simultaneously and created the conditions for a cascading crash. This presents the possibility of Bitcoin extending its crash to as low as $80,000. Breakdown Of The Macro Story That Sent Bitcoin To $126,000 According to Tracy Shuchart, Bitcoin’s climb from $40,000 to $126,000 was powered based on one dominant theory: a Federal Reserve easing cycle combined with a wave of institutional participation through spot ETFs.  Related Reading: 4 Bitcoin Indicators That Led To Market Rallies In The Last 2 Years Have Returned Traders priced in a supportive macro backdrop where rate cuts were all but guaranteed, liquidity would expand, and institutions would steadily absorb supply. However, once the Federal Reserve reversed course, the foundation of that theory collapsed. Expectations for December rate cuts fell from 90% to 40%. Real yields on short-term Treasuries stayed elevated above 5%, and the strong-dollar environment returned. With the macro assumption gone, Bitcoin’s valuation near all-time highs became difficult to justify.  Institutions that had accumulated through Spot ETFs quickly reduced exposure, producing more than $1.1 billion in outflows within days. This wasn’t panic selling but a systematic rebalancing by portfolio managers who no longer believed the macro thesis.  This change in macro expectations effectively removed the first layer of support that had been holding Bitcoin above six-figure levels. The second layer of the decline came from the behavior of long-term holders. Wallets that accumulated bitcoin between $40,000 and $80,000 began distributing aggressively once volatility returned. They offloaded roughly 815,000 Bitcoin in thirty days, locking in substantial profits.  Is $80,000 Next For Bitcoin? Shuchart’s argument is based on the notion that the ongoing decline persists because the market has now reached a point where natural buyers have vanished. Institutions are rebalancing away from risk, long-term holders are waiting for deeper discounts, and retail traders have retreated. Until there’s new demand, Bitcoin’s price will continue drifting lower. Related Reading: Bitcoin Price Just Flashed A Death Cross, But It’s Not What You Think “Now the market is repricing based on reality: high real yields, no Fed easing, strong dollar environment,” the analyst said. For a bottom to form, three conditions must be met. Leverage must be completely flushed out of the system, long-term holders need to stop selling and begin accumulating again, and real capital must find the price attractive enough. As it stands, Bitcoin is still trading above the $90,000 price level. However, recent price action saw it briefly slip below that threshold on November 18, touching lows near $89,000 before recovering. That move shows that the downtrend is already probing for lower support in the $80,000 zone. At the time of writing, Bitcoin is trading at $91,080. Featured image from Pixabay, chart from Tradingview.com

With the Bitcoin price struggling recently, the expectations are that the crypto market is headed into another bear run. This is characterized by Bitcoin losing $100,000 after over four months, and has not been able to reclaim this major level. Meanwhile, sell-offs among whales have continued, putting billions of dollars worth of selling pressure on the cryptocurrency. As such, the probability that Bitcoin is going into a bear market has shot up considerably during this time. Analyst Warns Of Imminent Bitcoin Bear Market Crypto analyst Titan of Crypto has taken to the X (formerly Twitter) platform to share a warning with the broader crypto community. This warning was that the digital asset was more likely in a bear market compared to a bull market, giving an 80% score in favor of a bear market and only 20% in favor of a bull market. Related Reading: The ‘Insanely Bullish’ Dogecoin Setup That Will Trigger A 600% Rally To $1 This comes as there seems to be an erosion of the 4-year cycle that has characterized Bitcoin and the crypto market since its inception. The cycle expectations have deviated completely, especially as there has been no significant run for altcoins. Speaking on this cycle theory, the crypto analyst urges investors to look at the market with more nuance. This includes not following the market with blind optimism, but rather actually looking at the market for what it is and where it could be headed. The post shows the Bitcoin RSI and how it has looked before Bitcoin went into previous bear markets. Currently, there seems to be some similarity, but the crypto analyst believes that the direction will be determined next week. Titan of Crypto says that if the next week closes by November 24 looks the same, then it means that the bear market is here. Bear Market Indicators Triggered? In contrast to Titan’s stance, the Bull Market Peak Indicators tracked by the Coinglass website continue to show that the Bitcoin top is not in. This tracker consists of 30 indicators in total, showing if the Bitcoin top has been cracked in relation to historical performance, and none of them have been triggered. Related Reading: Ripple Exec Addresses Tax Issue On XRP Ledger, Where Does It Go? At the time of writing, the process bar sits just above 46% out of 100%, suggesting that it is not even halfway there to hitting the top. Thus, the indicators point toward a time to hold rather than sell, as the Bitcoin top has not been reached. The Crypto Fear & Greed Index has also fallen to an Extreme Fear score of 10, which is the lowest the index has been since March 2025. Interestingly, when the index is in the red is usually when the market sees a possible reversal. However, it remains to be seen how buyers will respond to the market from here. Featured image from Dall.E, chart from TradingView.com

On-chain data shows Bitcoin short-term holders have transferred a large amount of BTC at a loss to exchanges, a sign of another capitulation wave on the network. Bitcoin Short-Term Holders Are Depositing To Exchanges At Loss As explained by CryptoQuant community analyst Maartunn in a new post on X, short-term holders (STHs) have just made another wave of underwater exchange deposits. Related Reading: XRP, Bitcoin Now In “Good Buy Zone,” Says Analytics Firm The STHs refer to the investors who purchased their Bitcoin during the past 155 days. This cohort is generally considered to include the weak hands of the market, who easily sell at the sight of market volatility. Recently, the market has been witnessing a bearish shift, which is exactly the type of event that STHs would be expected to react to. There are several ways to track the moves being made by these investors, with one such being the data of their exchange inflow transactions. Usually, the STHs transfer their coins to centralized exchanges when they are looking to sell, so a spike in exchange deposits from the group can be a sign of a selloff. During downtrends, loss selling is the most common type of distribution from the STHs due to the fact that their cost basis is at recent prices, which tend to be higher in bearish phases. Now, here is the chart shared by Maartunn that shows the trend in the 24-hour loss exchange inflows made by the STHs over the past month: As displayed in the above graph, the Bitcoin STHs made a large amount of loss deposits to exchanges when the cryptocurrency’s price crashed to $94,000 last week. The same appears to have followed during the latest downward move in the asset. In total, STHs have sent 65,200 underwater tokens to the exchanges over the last 24 hours. At the current exchange rate, this amount is worth a whopping $6.08 billion. This new wave of capitulation wave in the STHs came as BTC dropped toward $89,000. Interestingly, what has followed this FUD from the STHs has so far been a rebound for the asset. On-chain analytics firm Glassnode has also shared data related to the STH capitulation in a new X post. Glassnode’s chart is for the amount of loss that the STHs as a whole are realizing through their transactions across the network. The 7-day exponential moving average (EMA) value of this metric is currently sitting at $427 million, which is the highest that it has been since November 2022, when the last bear market bottomed out. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? “Panic selling is elevated & clearly rising, now exceeding the loss levels seen at the last two major lows of this cycle,” noted the analytics firm. BTC Price Bitcoin witnessed a bounce back to $92,800 during the past day. Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com

On Tuesday, the market’s leading cryptocurrency, Bitcoin (BTC), experienced a notable decline, dropping toward the $89,000 mark, its lowest price in seven months, resulting in over $1 billion in liquidations across the crypto market within the past 24 hours.  However, despite this downturn, altcoins have exhibited significant stability when compared to the performance of BTC. Analysts from the Bull Theory have provided insights into why altcoins are holding strong during this period. Bitcoin Dominance Falls In a recent social media post on social media site X (previously Twitter), the analysts asserted that the recent decline in BTC’s value was not characterized by typical selling pressure; instead, it is seen as a result of structured institutional selling.  This was reflected in negative flows from Coinbase and the manner in which the candlestick patterns formed. Following this structured selling, panic selling ensued as traders who were already facing losses began to exit their positions hastily.  Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? This panic selling led to rapid declines in BTC’s price; however, altcoins, having already approached a state of seller exhaustion, did not experience significant drops. In previous scenarios where BTC has faced downturns, its dominance in the market typically surges as traders flock to Bitcoin for safety. Yet, the current situation is different.  Bitcoin’s dominance remains below the 50-week Exponential Moving Average (EMA), and the market has recently seen a series of red candles. Such a decline in dominance while BTC is in a downward spiral is unusual, suggesting that altcoins are not being entirely abandoned by traders. Ethereum (ETH) has lost its 50-week EMA but is making attempts to reclaim it. Throughout this month, BTC and ETH have experienced nearly identical declines, yet ETH has shown quicker recovery patterns.  The analysts highlighted that during previous cycles, whenever Ethereum holds its ground better than Bitcoin during similar downturns, altcoins tend to demonstrate strength as well. Altcoins Show Strength Amid BTC’s Decline The Bull Theory analysts also noted that many altcoin pairs against BTC have rebounded to levels seen before the significant crash that occurred on October 10th, with some even trading above those thresholds.  This, according to their analysis, indicates a few key points: altcoins are outperforming BTC, the current pressure feels isolated rather than widespread, and the sell-off lacks broader implications across the market. Related Reading: Crypto Market Wipes Out $1 Trillion Since October: Analyzing The Forces Behind The Crash The Analysts suggest that this combination of factors is one of the strongest signals of a market bottom. When BTC is experiencing a downturn, dominance is declining, and alt/BTC pairs are on the rise, it often points to a capitulation phase for altcoins. As of this writing, Bitcoin has recovered above the $93,000 mark. However, the leading cryptocurrency has erased all of its year-to-date gains, while extending the gap to record levels by 26%.  Featured image from DALL-E, chart from TradingView.com 

Bitcoin has slipped into a critical danger zone as support levels continue to give way, putting the market on edge. Amid this decisive breakdown, the RSI is quietly flashing a bullish divergence, a subtle but meaningful early signal that momentum may be preparing to shift. The charts now paint a tense picture: bearish pressure remains dominant, but the first signs of a potential turnaround have appeared. Support Levels Crumble As Bitcoin Extends Its Downtrend According to an update shared by Crypto Candy on X, Bitcoin continues to break through support levels with little hesitation. The price held the $93,000–$95,000 zone for a brief period, but eventually failed to maintain that structure, triggering another move to the downside. The speed of each breakdown highlights how fragile market sentiment currently is. Related Reading: Bitcoin SSR Flashes Buy Signal: Rebound Incoming? With the most recent support now lost, Bitcoin has slipped to lower levels and remains under bearish pressure. If this momentum persists, Crypto Candy noted that the next area of interest lies between $86,000 and $87,500, a major support where buyers may attempt to slow or halt the decline. Should Bitcoin manage to hold within this $86,000–$87,500 range, a short-term reversal becomes possible. Even a modest bounce could provide temporary relief to the broader downtrend. However, such a reaction would still require confirmation before hinting at any sustainable shift in momentum. If that support fails to hold, Crypto Candy warns that the market could face another steep drop. A continued breakdown would reinforce the ongoing bearish narrative, opening the door for what he described as a “waterfall” scenario.  Bullish Divergence Emerges On The 4H Chart Crypto analyst Chad recently noted in an X post that Bitcoin is showing a notable bullish divergence between its price action and the RSI (Relative Strength Index) on the 4-hour chart. This divergence is a technical signal where the price makes a lower low.  Related Reading: Bitcoin Price Alert: This Indicator Signals SELL, Could History Repeat With A 67% Drop? Chad acknowledges that the price is clearly in a short-term downtrend and will need to reverse at some point. While he admits he doesn’t know the exact timing of the reversal, he emphasizes that the bullish divergence is the first positive sign that sellers are losing control and a structural shift may be near. To officially switch the short-term market structure back to bullish, Chad outlines a simple progression: the price needs to first make a higher high to break the current downtrend, and then confirm that break by establishing a higher low. This sequence is necessary to confirm that buyers have successfully taken over directional control of the price. Featured image from Pngtree, chart from Tradingview.com