Bitcoin has seen a notable price consolidation over the past few weeks, trading between the $84,000 and $86,000 levels. Despite the initial surge in price, the cryptocurrency has faced a decline of 3.7% in the past week and nearly 10% in the past month, signaling a period of stagnation in its upward momentum.<\/p>\n
At the time of writing, Bitcoin is priced at $84,263, raising questions about the future trajectory<\/a> of the asset as investors await a clear direction.<\/p>\n BilalHuseynov, a contributor to CryptoQuant\u2019s QuickTake Platform, has offered valuable insights into Bitcoin\u2019s current market behavior. In his latest post, titled \u201cWill Bitcoin Drop Anymore?\u201d, he sheds light on key on-chain metrics that may help predict the next movement<\/a> in Bitcoin\u2019s price.<\/p>\n His analysis revolves around the behavior of two important metrics: Realized Cap and Thermo Cap, particularly focusing on their recent crossover, which could have significant implications for Bitcoin\u2019s price direction.<\/p>\n Huseynov explains that the Realized Cap metric, which tracks Bitcoin\u2019s total value based on its last movement price, gives a more accurate representation of the network\u2019s economic value<\/a>.<\/p>\n On the other hand, Thermo Cap measures the total capital introduced into the BTC network through mining. When Thermo Cap crosses below Realized Cap \u2014 known as a \u201cDead Cross\u201d \u2014 it signals that Bitcoin might be heading toward a price decline.<\/p>\n Huseynov points out that this situation is unfolding and predicts that BTC\u2019s price could drop to as low as $75,000 if the second Dead Cross materializes.<\/p>\n In addition to Huseynov analysis, another CryptoQuant\u2019s analyst Banker has provided insight<\/a> into the Coin Days Destroyed (CDD) metric, which tracks the movement of long-dormant BTC.<\/p>\n Since March 2025, the CDD 60-day moving average has remained low, indicating that long-term holders are not selling their Bitcoin in large quantities. This behavior is often a sign of confidence among seasoned investors, suggesting that they believe in Bitcoin\u2019s long-term potential<\/a>.<\/p>\n The absence of major CDD spikes indicates that the market is not experiencing extreme price volatility, which could signal a period of consolidation or eventual upward momentum<\/a> as selling pressure remains low.<\/p>\n This development also coincides with recent reports of short-term holders exhibiting less selling pressure after their initial move of taking profits.<\/p>\n Decrease in selling pressure by 1-3 month holders<\/p>\n \u201cThese holders appear to show reduced activity in the market after taking profits from their short-term trades.\u201d \u2013 By @CryptoOnchain<\/a><\/p>\n Read more https:\/\/t.co\/ThyGe7pjPO<\/a> pic.twitter.com\/0minPLfiWM<\/a><\/p>\nThe Dead Cross: A Signal for a Potential Price Drop?<\/h2>\n
Is The Bitcoin Market Condition Still Healthy?<\/h2>\n