Bitcoin is standing at a critical level right now. After dropping to a two-week low near **$62,696**, BTC made a small recovery to around **$63,376** — but the bigger picture still looks shaky for bulls 🐂⚠️
## 📉 Warning Signals From On-Chain Data
On-chain analytics firm **Alphractal** has highlighted a concerning trend. The **Reserve Risk indicator** is turning downward again.
What does this mean? 🤔
When Reserve Risk and VOCDD/MVOCDD ratios decline, it usually signals that **long-term holders are starting to move their old coins**. Historically, this happens when experienced investors quietly begin taking profits 💼💰
Even more important 👇
Since 2024, these same signals have flashed **four major sell warnings** — and each time, Bitcoin followed with a noticeable correction 📊🔻
If history repeats, the **$60,000 support zone** could face serious pressure.
## 🧊 Short-Term Holders Refuse To Sell
Here’s where it gets interesting…
Short-term holders (those who bought at higher prices) are currently sitting at losses 😬 But instead of panic selling, they’re holding strong.
The **Short-Term Sell Side Risk Ratio** has been declining throughout February — meaning this group is **not eager to sell at a loss** ❌📉
Less selling pressure = potential stability.
## 🐟 Retail Investors Are Accumulating
While big players may be trimming positions, smaller wallets are quietly stacking sats 👀🔥
Wallet groups known as:
🐟 Shrimp
🐠 Fish
🦀 Crab
Have collectively accumulated thousands of BTC during this dip — with balances increasing by:
• 9.1K BTC
• 16K BTC
• 6.2K BTC
Retail seems to be buying the fear.
## ⚖️ Market At A Crossroads
Right now, Bitcoin is in a tug-of-war:
🔹 Long-term holders cautiously selling
🔹 Retail investors aggressively accumulating
If retail demand stays strong, a move toward **$68K – $72K** by month end is possible 🚀
But if historical sell signals play out again, the **$60K support level** could be tested hard ⚠️
The next few weeks will be decisive.
Stay sharp. Stay informed.
$BTC 🔥
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