6 hour ago
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BEARISH 📉 : Bitcoin falls below $80K as bear market signals intensify
Bitcoin has fallen below $80,000, indicating increased selling pressure across global markets. This reflects broader market volatility and liquidity issues, prompting defensive strategies among investors.
Key Indicators of Market Shift
- On-chain data suggests Bitcoin is showing early bear market signals.
- The Supply in Loss (%) metric has risen to around 44%, indicating more holders at an unrealized loss.
- Despite being above its Realized Price, the combination of losses and weakened price structure points to potential bear market entry.
Bear Market Structural Signals
- Current conditions mirror early stages of past bear markets.
- Supply in Loss exceeding 40% aligns with a decline in Supply in Profit.
- Market health deteriorates slowly, with controlled spread of losses.
This suggests that the market is transitioning rather than correcting mid-cycle. Historical patterns indicate further development of these conditions before a durable bottom forms.
Price Structure Analysis
- Bitcoin's price has dropped below key support levels, closing around $77,500.
- It has broken below the 50-period and 100-period moving averages, with the 200-period average now as resistance.
- The sell-off is characterized by impulsive, high-volume moves, indicating forced exits.
Currently, Bitcoin exhibits a bearish continuation pattern. Without reclaiming the $80K–$85K zone, downside risks prevail, suggesting a prolonged base phase before recovery.