โ ๏ธ ๐๐ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ป ๐๐ฎ๐ป๐ด๐ฒ๐ฟ? ๐ฏ ๐๐ถ๐ด ๐ฅ๐ฒ๐ฑ ๐๐น๐ฎ๐ด๐ ๐ง๐ผ ๐ช๐ฎ๐๐ฐ๐ต
Bitcoin has been trading sideways around $107K, but warning signs are piling up that could point to a price correction ahead.
Letโs break down the 3 major red flags:
๐ป 1. Investors Are Taking Profits
๐ Data from Glassnode shows more holders are cashing out, even though BTC hasnโt returned to its late-2024 highs.
โก๏ธ This wave of profit-taking usually signals that traders expect a pullback and are locking in gains before any major dip.
๐ป 2. Apparent Demand Is Falling
๐ Analyst Ali Martinez highlighted that Bitcoinโs apparent demand has dropped to -37,000 BTC.
โก๏ธ That means fewer new buyers are stepping in, which weakens support and opens the door to potential sell pressure.
๐ป 3. Capital Inflows Are Slowing
๐ธ Less fresh money is entering the crypto space. Thatโs a red flag because low liquidity and weak buying power make Bitcoin more vulnerable to sharp drops if sell-offs occur.
๐งจ Bonus Risk: Network Activity Is Weak
Even though BTC bounced back from its sub-$75K levels earlier this year, on-chain activity is still sluggish. Fewer wallet addresses are active, and low user interaction often precedes price declines.
๐ง Final Thoughts
Bitcoin is holding above $107K, but under the surface:
Fewer buyers are stepping in
Sellers are locking in profits
New capital inflows are drying up
Network use is slowing
โ ๏ธ These signals donโt guarantee a crash, but they do suggest caution. Unless buying interest picks up and demand rebounds, Bitcoin could face stronger headwinds in the coming days.