Feb 25, 2026
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BEARISH 📉 : Bitcoin Faces Defensive Phase with Continued Capital Outflows
Bitcoin struggles to reclaim the $65,000 level due to persistent selling pressure and weakening sentiment.
- Recent weeks show subdued price action with elevated volatility and constrained risk appetite.
- Realized capitalization has declined for two consecutive months, indicating reduced accumulation demand.
- The 30-day Realized Cap Net Position Change is around -2.26%, reflecting sustained capital outflows.
HODL Waves Indicate Defensive Market Structure
- 3–6 month coin-age cohort expanded to approximately 25.9% of circulating supply, indicating post-peak positioning.
- Short-term coins under one month account for only about 9.3%, signaling limited fresh demand.
Bitcoin Momentum Weakens As Price Tests Key Support Zone
- BTC accelerates lower toward the $63,000 region after previous failures to reclaim higher zones.
- Trades below key moving averages, reinforcing a bearish bias.
- The $60,000–$62,000 zone is critical; a break below could lead to further declines.
