report<\/a> by XWIN Research Japan, there is no evidence of structural weakness or network deterioration \u2014 only a sentiment-driven correction.<\/p>\nKey network metrics remain solid. Exchange withdrawals have surged, suggesting investors are moving BTC into self-custody rather than rushing to exit the market. Meanwhile, UTXOs in loss have risen to roughly 12%, signaling discomfort \u2014 but still far from levels associated with true capitulation phases in past cycles. This indicates that most market participants remain positioned for longer-term upside.<\/p>\n
At the protocol level, Bitcoin continues to show strength. Hashrate remains near all-time highs at approximately 1.1 ZH\/s, reinforcing network security and miner confidence. Whale ratio has trended lower, pointing to reduced sell-side pressure from large holders.<\/p>\n
Liquidity dynamics also support a potential rebound. Over $10.7B in stablecoins has recently flowed into Binance, providing substantial dry powder for future accumulation. Realized cap data shows long-term holders trimming some profits, but importantly, incoming demand continues to absorb supply.<\/p>\n
Overall, the pullback appears sentiment-driven rather than fundamental. On-chain signals suggest the broader uptrend remains intact \u2014 making this volatility a test of conviction, not the start of a structural reversal.<\/p>\n
Key Support Under Pressure, Short-Term Trend Weakens<\/h2>\n
Bitcoin continues to trade under heavy pressure following its breakdown from the $110,000 range, slipping below the psychological $100,000 level before stabilizing near current support around $101,800. The 4-hour chart shows a clear transition into a lower-highs, lower-lows structure, confirming short-term bearish momentum.<\/p>\n
Moving averages reinforce this weakness: price is trading below the 50-, 100-, and 200-period moving averages, signaling that bears remain in control.<\/p>\n
The sharp impulse move down was met with a spike in volume, suggesting panic-driven selling rather than a slow, distribution-based decline. Since then, volume has normalized as price attempts to consolidate above the $100,000 region. This zone now serves as a pivotal demand area \u2014 a break below it could expose deeper downside toward $95,000\u2013$98,000, where stronger historical liquidity sits.<\/p>\n
Despite the selloff, Bitcoin is showing early signs of stabilization. The wick below $100K indicates buyers stepped in aggressively at that level, preventing further liquidation cascades. However, bulls need to reclaim the $105,000\u2013$107,000 band to neutralize short-term downside pressure and signal a potential recovery.<\/p>\n
For now, the trend remains fragile as market sentiment cools and traders reassess positioning. Price stability above $100K is critical \u2014 losing this range could trigger another wave of forced selling, while defending it may set the stage for a relief bounce.<\/p>\n
Featured image from ChatGPT, chart from TradingView.com<\/p>","protected":false},"excerpt":{"rendered":"
Bitcoin has officially lost its footing below the critical $100,000 level, rattling markets and fueling a wave of fear-driven selling. The move comes after a sharp surge in bearish sentiment, with CryptoQuant data indicating that Bitcoin\u2019s latest decline is largely psychological rather than fundamentally driven. Over the past several days, the market has shifted from […]<\/p>\n","protected":false},"author":0,"featured_media":110744,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-110743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110743"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=110743"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/110743\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/110744"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=110743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=110743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=110743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}