Bitcoin is trading at a pivotal level where its previous all-time highs, set in January and May, are now being tested as 0 zone has become a critical battleground for bulls and bears, as fear spreads through market 1 investors are bracing for further declines, worried that a break below these levels could accelerate downside 2 Reading: Bitcoin STH Cost Basis Aligns With Critical Indicator: Support Builds Around $100K Level Fresh on-chain data adds weight to these 3 to CryptoOnchain, insights from CryptoQuant charts reveal a sharp decline in the 30-day moving average of the Taker Buy/Sell 4 key metric, which tracks whether aggressive buyers or sellers dominate the order book, has fallen to its lowest point since May 5 drop signals that selling pressure is overwhelming buyers, even as Bitcoin holds above its former record 6 makes this development even more striking is its comparison to November 2021, when Bitcoin last hit all-time highs before entering a brutal bear 7 then, the ratio was notably higher than it is today, suggesting the market now faces even greater selling 8 sentiment fragile and pressure mounting, Bitcoin’s ability to hold these crucial levels may define the next phase of the 9 Data Reveals Strong Sell Signal The latest CryptoOnchain report highlights concerning data from CryptoQuant’s chart, which tracks the 30-day moving average of Bitcoin’s Taker Buy/Sell 10 metric is a reliable gauge of market balance, showing whether aggressive buyers or sellers dominate trading activity.
Currently, the sharp decline in this moving average points to a clear weakening of buying 11 importantly, the ratio has now slipped below the critical 0.98 threshold — a level widely regarded as a strong sell-off 12 under this line indicates that selling activity is decisively outpacing buying 13 practical terms, it suggests that the market is leaning heavily toward distribution rather than accumulation, with investors more eager to offload positions than to build them. Historically, when the ratio has dipped to such levels, Bitcoin has struggled to maintain upward momentum and often faced steep 14 Bitcoin’s price has recently held near pivotal support zones, this imbalance between buyers and sellers raises doubts about the sustainability of current 15 chart reflects an environment where optimism is fragile and downside risks are 16 explains that the drop in the 30-day moving average of the Taker Buy/Sell Ratio serves as a clear 17 this trend reverses quickly, Bitcoin may be vulnerable to a deeper short-term correction, and potentially the start of a more prolonged downward phase in the 18 Reading: Ethereum Faces Risk As Binance Leverage Ratio Skyrockets To Record Levels Bulls Hold Crucial Support After Sharp Pullback Bitcoin is currently trading near $111,000 after a volatile retracement from local highs above $123,000 earlier this 19 chart highlights a decisive shift in momentum: after repeatedly failing to break through the $124,000 resistance zone, BTC lost steam and rolled over, triggering a wave of selling 20 action has since pushed Bitcoin below the 50-day and 100-day moving averages, both now trending downward and reinforcing a short-term bearish 21 200-day moving average around $114,100 is also being tested from below, acting as resistance instead of 22 flip underscores the challenges facing bulls as they attempt to stabilize the 23 Reading: Ethereum Whale Demand Surges On Binance As Price Nears $5,000 For now, BTC is finding support in the $110,000–$111,000 range, a level that coincides with consolidation zones from earlier in the 24 buyers can hold this line, a relief bounce toward $114,000–$116,000 is possible, though reclaiming those levels will be crucial to regaining 25 to defend current support, however, could expose Bitcoin to further downside risk, with the next major demand zone near $105,000.
Market sentiment remains fragile, and the inability to clear resistance at $124,000 has shifted focus toward the resilience of support levels in the weeks 26 image from Dall-E, chart from TradingView
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