Bitcoin: Is seller exhaustion behind BTC’s lack of real demand?
Bitcoin is at a macro inflection point, showing signs of seller exhaustion as it holds above key support levels like Binance’s $62,000 realized cost. On-chain data suggests forced selling has subsided, and realized losses have flattened, reducing downside pressure. However, this has not translated into strong buyer conviction. Options pricing indicates a repricing of near-term risk rather than bullish sentiment, with longer-dated skews remaining cautious. Spot market activity reveals reactive and short-lived buying interest, lacking sustained demand or aggressive accumulation. While the market has stabilized, it remains in a consolidation phase without clear bullish leadership, as risk appetite stays constrained and volatility remains episodic.
ambcrypto01/29 13:02
