Bicoinkur slides in critical zone at $ 104,000 and could continue sinking
- Bitcoin could lose significantly because the drains of stable coins and the exit of several long -term investors have a negative effect.
- Near $ 104,000, a technical collapse threatens despite relatively good whale support. It could be over with the current housesee.
The recent increase in Bitcoin in the direction of $ 114,000 actually justifies optimism in the cryptom market. However, behind the price movement, the data on the chain signal growing uncertainty. Market indicators indicate that the rally enters into a late phase, with the possibility of a significant drop in price.
While the general prospects remain uncertain, three developments are critical: decreasing stock market liquidity, changing behavior of long -term investors and a emerging bearing technical structure.
One of the most striking Trends is the deduction of stable coins worth over one billion dollars by Binance, which is pursued by blockchain analytics. This step indicates a reduction in the available purchasing power one of the world’s largest crypto bonds. Stable coin inflows serve as a reliable indicator for market liquidity and mood in the market. Refuses usually indicate that retailers are preparing for purchases, while drains are either taking a profit or withdrawal to safety in view of the increasing volatility.
The latest decline in the stable coin reserves indicates that you position yourself defensively. In view of the further smoldering customs war of the United States against the rest of the world, many investors apparently bring their money to safety by deducting it from the stock exchanges. If this trend continues, Bitcoin’s ability to maintain or even expand its current rally could be impaired.
Long -term investors reduce their commitment
Long -term investors who are usually considered solid investors have reduced their commitment. According to the latest data, its realized net position has dropped from 28 to two billion dollars. This indicates profits.
Such behavior often occurs near market tips, especially in connection with declining spot exchange activities. A decline in the trust of long -term investors can indicate that the current price levels no longer offer any attractive opportunities. Historically speaking, similar reductions in the long-term investor stocks have preceded larger consolidations or trend reversations, which increases the negative mood.
Technical setup signals possible breakdown
In addition to the liquidity and behavior of the owners, the technical charts also show a warning. Bitcoin completes a head-shouldered pattern on the daily time frame, a classic reversal signal. The left shoulder formed at $ 106,000, the head reached its climax at $ 115,000, and the right shoulder appeared at $ 108,000. The neck line, which is currently $ 104,000, is observed closely.
A confirmed breakthrough under the neck line could activate a target at $ 95,575. This level coincides with Bitcoin’s consolidation span observed in April, which indicates that it could act as a support zone. The technical formation coincides with the general declining development of market behavior and increases the likelihood of temporary correction.
Wal accumulation could have a limited support
Despite the general caution, medium -sized wallets, which hold between 100 and 1,000 BTC, have increasingly accumulated while the youngest rally. These addresses have accumulated more than 150,000 BTC in the past few weeks, which may have retained the market from strong declines.
However, the activity coincides with sales of larger whales that hold more than 1,000 BTC. In the past, it has been shown that the replacement of institutional buyers by smaller market participants is often an indication of the final phase of a housesee cycle. A medium -sized accumulation can contribute to stabilization of the price at short notice, but may not be enough to maintain a longer upward trend without re -institutional interest.
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