Bitcoin Faces Potential Price Drop Amid ‘Dead Cross’ Signal
Bitcoin is currently trading between $84,000 and $86,000, with a price of $84,263. The cryptocurrency has seen a decline of 3.7% in the past week and nearly 10% in the past month, indicating stagnation.
The Dead Cross: A Signal for a Potential Price Drop?
Analyst Bilal Huseynov from CryptoQuant has noted key on-chain metrics affecting Bitcoin's price. His analysis focuses on:
- Realized Cap, which reflects Bitcoin's total value based on last movement price
- Thermo Cap, measuring total capital introduced through mining
- A potential "Dead Cross," where Thermo Cap crosses below Realized Cap, suggesting a possible price decline
If this occurs, Huseynov predicts Bitcoin's price could drop to $75,000.
Is The Bitcoin Market Condition Still Healthy?
Another analyst, Banker from CryptoQuant, reported on the Coin Days Destroyed (CDD) metric, which tracks long-dormant BTC movements. Findings include:
- Low CDD 60-day moving average since March 2025 indicates long-term holders are not selling
- Absence of major CDD spikes suggests low selling pressure and market consolidation
- Short-term holders exhibit reduced selling activity after profit-taking
This behavior implies confidence among investors regarding Bitcoin's long-term potential.
