#BTC ๐ฐ Supply on Exchanges Continues to Shrink
If buying demand continues to improve while exchange supply remains low, BTC could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend.
If buying demand continues to improve while exchange supply remains low, BTC could benefit from a supply-demand imbalance, creating favorable conditions for a longer-term upward trend.
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๐ Bitcoin sellers may be showing signs of capitulation again.
Previous spikes in loss-taking during early August, mid-August, and mid-September coincided with local market bottoms. Meanwhile, profit-taking has slowed since the September high.
If this pattern repeats, yesterdayโs wave of selling just above $80K could mark a local floor for BTC. ๐
๐ The key now is whether buyers step in and defend the $80K zone. A sustained recovery would strengthen the case for a local bottom, but confirmation is still needed.
Previous spikes in loss-taking during early August, mid-August, and mid-September coincided with local market bottoms. Meanwhile, profit-taking has slowed since the September high.
If this pattern repeats, yesterdayโs wave of selling just above $80K could mark a local floor for BTC. ๐
๐ The key now is whether buyers step in and defend the $80K zone. A sustained recovery would strengthen the case for a local bottom, but confirmation is still needed.
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๐จ Tokenized stocks are FALLING over the weekend as the global AI selloff intensifies.
With U.S. stock markets closed, SELLING pressure continues across multiple sectors in 24/7 tokenized markets.
This raises concerns about further volatility when Wall Street reopens on Monday.
With U.S. stock markets closed, SELLING pressure continues across multiple sectors in 24/7 tokenized markets.
This raises concerns about further volatility when Wall Street reopens on Monday.
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A retest of $80K or a break below it is likely.
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#Bitcoin Is Building a Bottom โ But Spot Demand Is Still Weak
The market is progressing from โfewer sellersโ toward a possible bottom, but a sustained rally still needs stronger spot demand.
The market is progressing from โfewer sellersโ toward a possible bottom, but a sustained rally still needs stronger spot demand.
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