Bitcoin: BTC loses half its value, yet THIS metric shows quiet accumulation
Bitcoin has lost over half its value since its October 2025 peak, currently trading in a $58,000-$63,000 range. The decline was driven by geopolitical tensions causing capital outflows. Despite this, on-chain data shows quiet accumulation, with apparent demand improving from -275,000 to -75,000 BTC over 30 days, though it remains negative. Technical analysis indicates limited downside, with price finding support at the Bollinger Bands lower band, but the MACD suggests further consolidation is likely. The Bitcoin Season Index reads 52, indicating no euphoric rally, and exchange reserves are declining, pointing to reduced selling pressure. Overall, the market shows signs of accumulation but not a confirmed bullish reversal, warranting a cautious outlook.
ambcrypto07/08 02:03