Alphractal, a leading crypto analytics firm, has pointed out that Bitcoin is standing at a major crossroads right now! 🚦📉📈
In their latest analysis, they note that even with the recent price surge, we haven’t yet seen a major shift in on-chain data. ⚠️
They highlighted that $92,500 is a key level to watch, as it aligns with the Short-Term Realized Price. Staying above this zone is crucial for shifting the current market sentiment. "This is a highly sensitive zone where bulls and bears are gearing up for a fierce battle," they explained. 🐂⚔️🐻
Both short-term and long-term Realized Market Cap Momentum indicators are sitting at support levels, which explains the current price action. But we’ll need to wait a few more days to see if the big players (whales) are ready to change their behavior and risk appetite. 🐋⏳
Alphractal also noted that while bulls are aiming to push prices higher, bears are standing strong just above $92,500. This high-stakes tension is creating a complex market setup, and with Open Interest soaring past $10 billion, we might soon see a wave of forced liquidations on leveraged positions. ⚡💥 #BTC #bitcoin #crypto #Binance #BinanceSquareFamily
