Bitcoin News Today: Bitcoin at a Turning Point: Is This a Bear Market or Just a Mid-Cycle Pause?
- Bitcoin trades above $105,000 amid debate over bear market confirmation vs. mid-cycle consolidation, with key technical levels at $102,000 and $94,000 critical for near-term direction. - Whale selling (815,000 BTC in 30 days) and ETF outflows ($1.22B in two weeks) contrast with $59.97B net inflows, highlighting fragile market dynamics. - Analysts split: CryptoQuant warns bearish signals (Bull Score 20) while Bitfinex cites 72% of Bitcoin in profit, comparing current correction to prior 22% rebounds. - Ri
The latest movements in Bitcoin's price have ignited discussions about whether the market is shifting into a bearish trend or simply pausing in the middle of its cycle. As of Tuesday, the cryptocurrency is trading above $105,000, but faces significant technical and on-chain indicators that may shape its short-term direction. Ki Young Ju, CEO of CryptoQuant, cautioned that a fall below $94,000 would signal the start of a bear market, while
Both institutional and retail appetite for
Bearish sentiment has grown stronger due to significant selling by long-term investors, often referred to as "whales." In the last month, these holders have sold 815,000 BTC,
Despite these challenges, some experts believe stabilization is possible. Bitfinex pointed out that 72% of Bitcoin's supply is still profitable, which could support a mid-cycle consolidation. The company
Nevertheless, the market's vulnerability is clear from the increase in short positions and negative funding rates.
Technical signals point to potential further declines. Bitcoin needs to move back above $102,000 to avoid a steeper drop, with the next major support at $94,000.
With the U.S. government shutdown close to being resolved, uncertainty in the broader economy remains a significant factor.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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