The Bitcoin’s upward market (BTC) has ended, according to the cryptographic research firm Cryptoquant’s Fander Ki Young Ju.
Ju published in X that waits 6-12 months of bass or lateral price action, since Toro BTC’s race loses steam, citing the decrease in liquidity in the market.
“New liquidity is needed. The limit made in the chain has stagnated, which does not indicate fresh capital tickets. For example, the Blackrock Ibit saw three consecutive weeks of exits,” he said in a telegram note for Coindesk. “Even with a record volume of about $ 100K, the price of Bitcoin barely moved. Without a new liquidity to compensate for heavy sale, this is a bearish signal.”
A recent Cryptoquant report presented the case of the possibility that BTC’s return with the $ 63K brand, citing bearish signs of key assessment metrics such as the Z-MVRV ratio, which compares the market value (MV) of Bitcoin with its value performed (RV) to identify excess or overhabiting conditions.
The Z MVRV score falls below its 365 -day mobile average indicates that the BTC price impulse has weakened, historically aligning with deeper corrections or the start of the bears markets.
The support level of $ 75K- $ 78K is a critical and cryptocant analyst observed, since weakening the demand of BTC, marked by the deceleration of the accumulation of whales and the net sale by ETF spot based in the US.
This echoes what Joel Kruger of Lmax Group and David Duong of Institutional Coinbase recently told Coindesk, with both warning that the weakness sustained in US actions amid economic uncertainty and global tensions could exacerbate the bearish pressure of cryptographic markets, with also stagnation a possibility.
Polymarket’s traigators are giving a 51% chance that BTC ends the week between the range of $ 81 and $ 87K, and a 31% possibilities that $ 75K has for the end of the month.
In the last month, Bitcoin has dropped 15%, according to the data of the Coendesk indexes, with its decrease erasing any gain after the elections.
