#CryptoMarketMoves
📉 Bitcoin: Correction or the beginning of crypto winter?
Short-term holders (STH) are in a zone of severe stress. While $BTC is balancing around $67,000, the market is increasingly resembling a bearish one.
📊 Numbers that make you nervous:
• STH purchase price: averages $94,200.
• Unrealized losses: at the current price, the gap is -28%.
• Duration of pressure: the price has been below the STH payback level for 4 consecutive months. CryptoQuant analysts note that this is the longest period of stress in this cycle.
🔍 Key conclusions of experts:
• Lack of fresh capital: New investors are in no hurry to buy up the decline. On the contrary, the inflow of capital has become negative - a sign that market weakness provokes an exit, not an entry.
• Technical analysis: The .382 Fibonacci support level has not held. The next critical stop is the .618 level, which is located around $57,800.
• A ray of hope: Bitfinex analysts have noticed that long-term holders (LTH) have started accumulating assets again (they currently hold ~14.3 million BTC). This may indicate a mid-cycle “reset” rather than a final crash.
📉 What about other assets?
Ethereum failed to hold the psychological $2,000 mark and fell to $1,950. $ETH is currently trading at spring 2025 levels, showing weakness following the flagship.
