Selling pressure cooling off sounds like the all-clear, but sellers backing off is not the same thing as buyers showing up.
A lot of $BTC traders know this pain already. You buy the slowdown, call it the bottom, and then you're stuck in a dead range or another leg down because there was never a clean reason to get out.
A CryptoQuant analyst is pointing out that $BTC may be forming a bottom as that selling pressure eases. Worth paying attention to, since a market that stops getting aggressively sold can at least stop falling. That setup has looked like a turn before and still gone nowhere.
The part that actually decides it is spot demand. A sustained rally in $BTC still needs stronger spot buying, not just a lighter sell side. If those bids don't show up, this bottom stays unconfirmed and the next wave of supply can undo the whole thing. Confirmation is the difference between a real base and a pause that quietly costs you.
Are you waiting on spot demand to show up, or already treating this as the low?
#Bitcoin #BTC #PriceAnalysis
A lot of $BTC traders know this pain already. You buy the slowdown, call it the bottom, and then you're stuck in a dead range or another leg down because there was never a clean reason to get out.
A CryptoQuant analyst is pointing out that $BTC may be forming a bottom as that selling pressure eases. Worth paying attention to, since a market that stops getting aggressively sold can at least stop falling. That setup has looked like a turn before and still gone nowhere.
The part that actually decides it is spot demand. A sustained rally in $BTC still needs stronger spot buying, not just a lighter sell side. If those bids don't show up, this bottom stays unconfirmed and the next wave of supply can undo the whole thing. Confirmation is the difference between a real base and a pause that quietly costs you.
Are you waiting on spot demand to show up, or already treating this as the low?
#Bitcoin #BTC #PriceAnalysis