"Bitcoin remains trapped within a bearish structure, forming successive lower highs and lower lows that keep momentum tilted to the downside. For any meaningful reversal to take hold, the asset needs to reclaim and hold solidly above the $111K threshold, which is a level that would help rebuild the confidence required for trend stabilization. Until then, market rallies are likely to be viewed as temporary corrective moves within a broader downtrend."
"According to data from CoinGlass, long liquidations have surged sharply, totalling more than $350 million from yesterday to the time of writing, compared with around $260 million in short liquidations during the same period. Such imbalance underscores how fragile the bullish side of the market has become, with leveraged positions being flushed out rapidly. In this environment, bulls appear hesitant to re-enter aggressively, recognizing that a sustainable recovery now requires firmer fundamental support rather than speculative flows."
"However, some underlying market dynamics suggest that reaccumulation may be taking place beneath the surface. On-balance volume (OBV) has been inching upward, hinting that buying pressure is gradually outweighing selling activity despite the price weakness. This divergence could indicate that stronger hands are accumulating, reinforcing the hypothesis that the current phase might be one of quiet rebuilding rather than outright distribution. Should this pattern persist, it may later serve as a foundation for a more resilient bull recovery once macro and liquidity conditions improve."
Bitcoin fell over 2% to below $109K after three days of moderate recovery and remains stuck in a bearish structure producing lower highs and lower lows. The asset must reclaim and hold above $111K to rebuild confidence and stabilize the trend; rallies below that level are likely corrective within a broader downtrend. The crypto market is undergoing deep deleveraging as volatility rises and traders step back. Long liquidations exceeded $350 million versus roughly $260 million in shorts, highlighting fragile bullish positioning. On-balance volume has inched up, suggesting gradual accumulation by stronger hands that could underpin a future recovery if macro liquidity improves.
Read at London Business News | Londonlovesbusiness.com
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