🤔 Crypto market cools down after growth – investors become more cautious (from euphoria to reassessment).
- Seller pressure is increasing, as indicated by Spot CVD and Perpetual CVD indicators.
- Institutional demand is weakening – inflows into crypto ETFs have dropped by 24.9%.
- Demand for hedging is rising – the 25 Delta Skew indicator has increased to 5.51%, exceeding the upper limit and signaling higher demand for downside protection for BTC.
- Activity on the BTC network is declining – transfer volumes and fees have decreased despite the rise in active addresses.
- The percentage of "profitable" BTC has dropped to 93.6%.
- Potential for a rebound remains – signs of seller exhaustion and BTC being oversold create conditions for a market recovery if positive catalysts emerge.
- BTC is in an oversold phase – RSI has plunged to 35.8.
