Bitcoin’s Decay Signals the Most Severe Bearish Pivot Since the LUNA Collapse – A 2022 Echo
Bitcoin is struggling to hold the $65,000 level as market sentiment turns apathetic amid muted price action and declining participation. A CryptoQuant report indicates that Bitcoin has closed below a key halving-anchored price average (AVWAP) on the weekly chart, signaling reduced conviction among investors and weaker cost-basis support. The current bearish confluence—comparing the BTC Growth Rate Difference between Market Cap and Realized Cap and anchored VWAP levels—echoes conditions seen in May 2022, which preceded a prolonged correction. These indicators suggest a fragile market structure, typically requiring renewed liquidity or sustained accumulation before a recovery can begin.
bitcoinist02/24 08:02
