🚨 $BTC SLIPS AS MIDTERM BLEED TESTS CONVICTION AROUND 64K! 📉
The post-midterm flush has dragged $BTC from seventy-seven thousand down to sixty-four thousand four hundred, shaking weak hands out of position. On-chain metrics show the Spent Output Profit Ratio slipping just below parity to zero point ninety-eight, signaling mild loss realization across the order books. 📊
Unlike the structural carnage of past midterm cycles, this capitulation looks muted so far. The real catalyst for a durable trend reversal depends on SOPR reclaiming the crucial one handle alongside surging spot demand and institutional inflows. ⚡
Are you accumulating this dip or waiting for confirmation above key moving averages? 🤔
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #MarketAnalysis
🦈 📊
The post-midterm flush has dragged $BTC from seventy-seven thousand down to sixty-four thousand four hundred, shaking weak hands out of position. On-chain metrics show the Spent Output Profit Ratio slipping just below parity to zero point ninety-eight, signaling mild loss realization across the order books. 📊
Unlike the structural carnage of past midterm cycles, this capitulation looks muted so far. The real catalyst for a durable trend reversal depends on SOPR reclaiming the crucial one handle alongside surging spot demand and institutional inflows. ⚡
Are you accumulating this dip or waiting for confirmation above key moving averages? 🤔
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #MarketAnalysis
🦈 📊