Every cycle brings fear, but this time the doubt feels heavier. If we compare crypto’s recent performance with gold and traditional equities, there’s no denying it — crypto is lagging behind.
Last month’s sharp drop did real damage to market confidence. I said it then, and I’ll say it again — that October 10th crash wasn’t organic. It was a leverage flush, pure and simple. Most of the pain hit traders running too much margin, while spot holders barely blinked. Why? Because by the time most woke up, the market had already bounced back.
But this latest sell-off feels different.
Now it’s not the leveraged traders panicking — it’s the spot holders. Many are giving up, thinking the market’s lost its spark, that we’re drifting back toward the lows. And
Bitcoin Weekly Chart (BTC/USD)
Technically, Bitcoin hasn’t lost its key structure yet.
We’ve never had a weekly close below $107,000 — and while that level isn’t a “must-hold” zone, it still shows buyers are stepping in.
The real line in the sand sits around $98,000. That’s the level that defines the current bullish structure. As long as Bitcoin holds that on a weekly close, the broader uptrend remains intact.
Even a dip into the $100K–$98K range wouldn’t break the trend — it would just extend the consolidation phase.
Right now, we’re in chop territory — a range designed to exhaust traders and shake out weak hands. Altcoins, naturally, are bleeding more than Bitcoin as liquidity contracts. But this isn’t the end. It’s how market resets happen.
BTCUSD (Daily)
Zooming in, Bitcoin’s daily structure mirrors the weekly outlook — sideways movement with lower highs and higher lows forming a compression zone.
Until we see a decisive daily close below $98K, there’s no technical breakdown.
Patience is key here. The market isn’t dead — it’s resetting.
Final Thoughts
Every bear phase convinces people that crypto is “over.”
But historically, these moments of exhaustion — when both leverage traders and spot holders lose faith — are where long-term bottoms form.
Until Bitcoin decisively closes below $98K, the structure stays bullish. Weakness in altcoins doesn’t mean collapse — it’s just rotation.
This isn’t the end. It’s a recalibration before the next leg up.
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