🚨 $BTC Shows Strong Bearish Signals
Bitcoin's current price of $82,506 is 31.39% below its all-time high, signaling possible deeper bearish pressure. In the past 30 days, $BTC has dropped by 15.3%, and 5.8% in the last week alone. Key indicators are showing weakness, and demand is shrinking.
📉 Key Signals:
Whales are slowing accumulation, and Bitcoin ETFs are now net sellers.
BTC’s Bull-Bear Market Cycle indicator is at its most bearish level.
MVRV ratio z-score dropped below its 365-day moving average, signaling loss of momentum.
📊 Demand Weakening:
Bitcoin's demand shrank by 103K last week—the fastest decline since July 2024.
Major outflows: $371M flew out of Bitcoin Spot ETFs in a single day!
With weak demand and declining investor accumulation, Bitcoin could be heading into a prolonged bearish phase.
#Bitcoin Price Prediction: What is Bitcoins next move?# #Bitcoin
