9 hour ago
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BEARISH 📉 : Bitcoin On-Chain Heatmap Shows All Major Metrics In The Red
Key on-chain indicators suggest bearish conditions for Bitcoin.
Indicators Overview
- A heatmap shared by CryptoQuant author Darkfrost shows 10 key metrics flashing red signals.
- Metrics include MVRV Z-Score, Trader Realized Price, and Trader On-chain Profit Margin, indicating poor investor profitability and loss status for short-term holders.
- The Inter-Exchange Flow Pulse indicates a lack of speculative market activity since early 2025.
- The CryptoQuant Network Activity Index has shown predominantly bearish transaction activity since late 2024.
Most other metrics turned red after the price decline in November 2025. The Trader On-Chain Profit Margin was the last to turn red following a recent price drop.
Short-term Holder Losses
- Short-term holders have increased loss deposits to exchanges, suggesting potential capitulation.
Current BTC Price
As of now, Bitcoin is trading at approximately $65,300, reflecting a decrease of over 2% in the past week.
