Imagine it’s 1999, and markets are hitting high after high. The dot-com boom is in full swing, and investors are euphoric seeing the value of their portfolios soar. For many, the advent of the internet meant that “it was different this time” — technology stocks seemed like they would never stop their incredible march upward. I probably don’t have to tell you what happened next.​ ​

While it might seem clear in hindsight — maybe even obvious — it’s never the case when you’re living it. It’s easy to get caught up in the moment and miss the signs. And frankly, that may not always be the worst thing; bulls tend to outperform bears in the long run.

But with the S&P 500 (^GSPC -0.05%) hitting new highs, many investors would love to know when the next crash is coming — I sure would — so it’s useful to look for parallels between now and major market downturns of the past. Were there specific warning signs in 1999 and 2007 that a savvy investor could have seen before the crashes of 2000 and 2008?

Margin debt hits $1 trillion for the first time ever

One potential warning sign is the money traders borrow to invest in stocks, known as margin debt. This metric recently hit an all-time high, topping $1 trillion for the first time in June and rising again in July. But then again, the stock market is hitting new highs itself, so margin debt isn’t setting records relative to the total value of the S&P 500.

​What is truly concerning is not how much debt there is in the market but how fast it’s growing. Between May and June, leveraged positions grew 18%, the fifth-largest increase on record. The only two-month periods with higher growth rates all came in — you guessed it — either 1999 or 2007.

Why margin debt matters

Investors should care about margin debt for two reasons. First, high levels can accelerate a downturn. Traders who use margin cannot let the value of their portfolio fall below a minimum level in relation to the amount they borrowed in the first place. If stocks keep going up, that’s not a problem.​

Image source: Getty Images.

If stock prices fall, however, and their portfolio dips below that minimum value, they face a “margin call” and must either add cash to raise the portfolio value or sell the stocks they bought with margin. Many don’t have the cash on hand to pursue the first option and must sell. This can cause a runaway downward spiral as traders liquidate part of their portfolios to “cover” margin calls, which in turn lower stock prices further, leading to more liquidations, additional sales, and so on.

The second reason it matters is that it is a clear barometer of investor sentiment. A rapid increase, such as the one that recently occurred, suggests that investors are chasing growth. They appear confident that stocks will only go higher and are willing to take on an unusual amount of risk to capitalize on that. And while confidence supports markets, overconfidence fuels bubbles.

Here’s what history says happens next

This rapid rise in margin was exactly the kind of warning sign investors could have looked for in both 1999 and 2007. History would seem to say that what happens next is a crash. However, it’s critical for investors to keep three things in mind.

First, this is a single indicator in what is an incredibly complex market. If you look hard enough, you can probably find numbers that parallel just about any year. It’s more than possible that a crash does not follow in the near term, and the bull run continues.

Second, there are numerous ways in which the market of 2025 differs from those of 2007 and 1999. The companies at the top of the food chain, like Nvidia and Microsoft, are mature companies with robust earnings and valuations that are significantly lower than those of a company like Cisco in 1999. In 2007, the risks posed by a housing market collapse went well beyond the market and equity prices. They were systemwide risks to the very foundation of the real economy.

And finally, even if this is a bubble, timing markets is almost never a winning strategy. Bubbles can keep going for quite some time. So, the lesson history has to offer here is that you should always look to invest in a diverse portfolio of solid companies for the long haul, rather than chasing the latest fad. This gives you the confidence and peace of mind to weather the natural ups and downs of the market — even the big ones.​

XRP’s large holder cohort, specifically addresses holding between 10 million and 100 million XRP, has shifted from accumulation in the second half of August to significant dumping at the start of September. 

On-chain data from analytics platform Santiment reveals a sharp reversal in holdings, both in terms of circulating supply percentage and the number of coins held by this cohort. This change raises concerns about the sustainability of XRP’s price, which has been facing rejections above $2.8, and whether September could be a bearish month for the token.

XRP Millionaires Start September With A Selloff

XRP millionaire wallets, which are addresses holding between 10 million and 100 million XRP coins, aggressively increased their holdings during the second half of August. Based on the current price of XRP, each of these addresses is sitting on $28 million and $280 million worth of XRP, depending on the size of their wallets.

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Particularly, Santiment’s data shows that the percentage of XRP supply held by these addresses rose from 11.67% on August 16 to 12.19% by the end of the month. In terms of numbers, their stash grew from about 7.5 billion XRP coins to 7.85 billion XRP. This surge in accumulation showed the confidence among large investors, which contributed to XRP successfully holding above the $3 price level throughout the month.

However, September has opened with an abrupt reversal. On September 1, whale holdings accounted for 12.19% of the circulating supply, but by September 3, that figure had dropped to 11.77%. In coin terms, the balance fell from 7.85 billion XRP to 7.61 billion XRP, wiping out much of the late August accumulation in just a few days.

This decline is clearly illustrated in Santiment’s chart below, which shows a synchronized dip in both percentage supply and absolute holdings. This rapid offloading means that these millionaire wallets may be taking profits after August’s rally, and it introduces downside pressure that could have effects on XRP’s price action throughout September.

Could This Mean A Red September For XRP?

September has been a mixed month for XRP, with both strong rallies and painful corrections shaping investor sentiment. According to data from CryptoRank, the last time XRP saw a red September was back in 2021, when it fell sharply by 20.1%. Since then, however, XRP has managed to string together three consecutive green Septembers, including a 46.2% increase in September 2022.

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This track record shows that while September has the potential to bring losses, it has also been highlighted by gains. Although it is too early to declare a repeat scenario of a red September, the sell-off from millionaires at the beginning of September sets a worrying precedent.

XRP’s price action is already showing signs of strain, with the token repeatedly facing rejections above $2.8 in recent days. If these millionaire wallets continue to offload their holdings, the bullish sentiment surrounding XRP may weaken, which may lead to further declines.

At the time of writing, XRP is trading at $2.82, up by 0.2% in the past 24 hours.

Featured image from Adobe Stock, chart from Tradingview.com

This is a daily analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin BTC$107,620.56 has breached key support levels in a sign of increasing bearish momentum that suggests a risk of a slide to $100,000.

The leading cryptocurrency by market value fell 6.5% in August, ending the four-month winning streak as the U.S.-listed spot exchange-traded funds (ETFs) bled $751 million, according to data source SoSoValue.

The recent price drop saw bitcoin break below several key support levels, including the Ichimoku cloud, and the 50-day and 100-day simple moving averages (SMAs). It also pierced crucial horizontal support zones formed by the May high of $111,965 and the December high of $109,364, according to the daily chart sourced from TradingView.

These breakdowns underscore growing market weakness, confirming a bearish shift in key momentum indicators such as the Guppy Multiple Moving Average (GMMA) and the MACD histogram.

The short-term exponential moving average (EMA) band of the GMMA (green) has crossed below the longer-term band (red), signaling a clear bearish momentum shift. Meanwhile, the weekly MACD histogram has dropped below zero, indicating a transition from a bullish to a bearish trend.

Together, these signals indicate a likelihood of a sustained sell-off, potentially driving the price down to the 200-day simple moving average (SMA) at $101,366, and possibly to the $100,000 mark.

The negative technical outlook aligns with seasonal trends, which show September historically as a bearish month for bitcoin. Since 2013, BTC has delivered an average return of -3.49%, closing lower in eight of the past 12 September months, according to data from Coinglass.

As for bulls, overcoming the lower high of $113,510 set on Aug. 28 is crucial to negating the bearish outlook.

• Support: $105,240 (the 38.2% Fib retracement of the April-August rally), $101,366 (the 200-day SMA), $100,000.
• Resistance: $110,756 (the lower end of the Ichimoku cloud), $113,510 (the lower high), $115,938 (the 50-day SMA).

Bitcoin’s red month is almost here, and as we approach yet another September, is it inevitable that prices will dwindle? Let’s take a look at some of the reasons the ninth month of the year is historically bad for Bitcoin.

Why September is historically Bitcoin’s red month

Since 2013, September has proven to be a challenging month for Bitcoin, with losses in eight of the last 11 years. That could be because retail investors typically take profits after summer rallies or even crypto to cover their fall expenses, like tuition fees and tax planning.

Bitcoin’s red month may also be something of a self-fulfilling prophecy as traders expect red candles and act more defensively, pulling the market down further. Perspective here is important, as most September pullbacks have been modest.

The month typically marks a local bottom, after which Bitcoin often rebounds strongly into ‘Uptober’ as Q4 historically brings recovery and, in even massive rallies. In October 2020, for example, Bitcoin surged from around $10,800 at the start of the month to over $13,800 by the end, marking a gain of more than 27%.

August recap: all-time highs and whale sightings

August 2025 was dramatic by any measure. Bitcoin surged to an all-time high of $124,533 on August 14, only to tumble 11% to lows hovering around $110,000 just two weeks later.

Nearly $200 billion in market value evaporated, with a single event triggering the drop: a previously dormant whale that sold ~24,000 BTC, pushing the spot price below $109,000 and sparking the largest liquidation cascade of the year.

Almost $900 million in derivative positions were wiped out, 90% being bullish longs, with $150 million in BTC and $320M in ETH liquidated. Ethereum showed relative strength, remaining above its 100-day moving average even with an 8% decline.

The recent weakness wasn’t just about technicals or sentiment. Spot and derivatives market order books remained thin, so any major sell (like the whale dump) was enough to amplify price volatility.

Meanwhile, on-chain data in late August showed tepid activity and reduced inflows, further weakening bid support.

Macroeconomic uncertainty also continues to be a headwind. With the U.S. Federal Reserve’s September policy moves in focus, traders are pricing in both risk of erratic moves and potential for renewed optimism if macro signals, like a rate cut, turn favorable.

Preparing for September: scenarios and signals

Crypto trader Cas Abbé outlined three possible scenarios for Bitcoin as September approaches. In his primary “Range & Repair” scenario (40% probability), Bitcoin is expected to trade sideways between $110K and $120K for most of the month, as excess leverage is reduced and institutional investors gradually step in to accumulate. Such a consolidation would create a healthier base for a potential Q4 rally.

In the “Second Flush” case (35% probability), if Bitcoin drops below $110K, a further wave of liquidations could ensue, driving the price into the high $100Ks and erasing leftover leveraged positions. Historically, these kinds of corrections often precede a strong bottom.

Conversely, the “Quick Reclaim” scenario (25% probability) envisions institutions buying aggressively, enabling BTC to rapidly reclaim the $117K–$118K range and triggering an earlier return of bullish sentiment.

Throughout September, Abbé suggests traders closely monitor several on-chain and macro signals; notably, options market activity leading up to the September 27 expiry could offer valuable insights into positioning and sentiment.

Whether Bitcoin’s red month will turn green this year remains to be seen, but with thin liquidity, heightened volatility, and institutional buyers waiting in the wings, September may offer both risks and opportunities this year.

Key takeaways:

• Bitcoin miners sold $485 million worth of BTC during a 12-day period ending Aug. 23.

• Despite miners selling, Bitcoin’s network hashrate and fundamentals remain resilient.

Bitcoin (BTC) reclaimed the $112,000 mark on Thursday, recovering from a six-week low hit just two days prior. Despite the bounce, traders remain uneasy as Bitcoin miners have been offloading coins at the fastest pace in nine months. The question is whether this signals the start of deeper trouble or if other factors are driving the recent outflows.

Miner wallets tracked by Glassnode show steady reductions between Aug. 11 and Aug. 23, with little sign of renewed accumulation since then. The last stretch of consistent withdrawals exceeding 500 BTC per day was back on Dec. 28, 2024, after Bitcoin repeatedly failed to hold above $97,000.

In the latest sell-off, miners unloaded 4,207 BTC, worth roughly $485 million, during the 12-day period ending Aug. 23. That compares with a previous accumulation phase between April and July, when miners added 6,675 BTC to their reserves. Miner balances now stand at 63,736 BTC, valued at more than $7.1 billion.

While these flows are relatively small compared with allocations from companies like MicroStrategy (MSTR) and Metaplanet (MTPLF), they tend to fuel market speculation and FUD. If miners are facing tighter cash flow, selling pressures could escalate unless profitability improves.

Over the past nine months, Bitcoin has gained 18%, but miner profitability has dropped by 10%, according to HashRateIndex data. Rising mining difficulty and weaker demand for onchain transactions have weighed on margins. The Bitcoin network continues to self-adjust to support an average block interval of 10 minutes, but profitability remains a concern.

The Bitcoin hashprice index currently stands at 54 PH/second, down from 59 PH/second a month ago. Even so, miners hardly have grounds to complain: the indicator has improved dramatically from levels seen back in March. According to NiceHash data, even Bitmain’s S19 XP rigs from late 2022 remain profitable at $0.09 per kWh.

Bitcoin miners face AI competition but remain resilient

Some investor disappointment stems from a growing shift toward artificial intelligence infrastructure. This narrative gained traction after TeraWulf (WULF) struck a $3.2 billion deal with Google in exchange for a 14% equity stake. The funds will be used to expand TeraWulf’s AI data center campus in New York, slated to launch operations in the second half of 2026.

Related: Bitcoin to hit $1.3M by 2035 as institutions drive demand–Bitwise

Other miners are following a similar pivot. Australian firm Iren, formerly known as Iris Energy, has accelerated the acquisition of Nvidia GPUs and is building a liquid-cooled AI data center in Texas, along with a new site in British Columbia that will hold as many as 20,000 GPUs. Meanwhile, Hive, previously Hive Blockchain, has committed $30 million to expand GPU-powered operations in Quebec.

Despite the buzz around AI, Bitcoin’s own fundamentals remain solid. Network hashrate is nearing an all-time high at 960 million TH/second, up 7% in the past three months. That strength counters fears about miners’ net outflows or the lack of profitability gains across the sector.

There’s no evidence that miners are under immediate stress to liquidate positions, and even if selling continues, inflows into corporate reserves are more than capable of countering the effect.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

]]> https://earlybirdsinvest.com/bitcoin-miners-cash-out-485m-as-btc-struggles-to-hold-112k-red-flag/feed/ 0 55630 https://earlybirdsinvest.com/how-to-tell-if-a-coin-is-a-red-flag/ https://earlybirdsinvest.com/how-to-tell-if-a-coin-is-a-red-flag/#respond Sat, 09 Aug 2025 09:48:52 +0000 https://earlybirdsinvest.com/how-to-tell-if-a-coin-is-a-red-flag/

Ladies and gents, welcome to the final episode of the Crypto 101 series.

(…final for now. Maybe )

We’ve already covered the basics: different ways to trade, where to trade, and where to store your coins.

But that still leaves one big question: how do you figure out what to actually buy?

Which is exactly what we’re looking at today. Let’s roll

Buying crypto isn’t just about guessing what’ll go up. It’s about understanding what you’re buying – and why people might find it valuable.

So, if you don’t wanna get rugged on your first day, it’s worth asking yourself these questions before investing in a project:

1/ What does the coin do?

Is this token useful, or is it just… there?

You want a clear purpose. For example:

• ETH powers smart contracts on Ethereum;

• UNI lets users vote on changes to the Uniswap protocol.

To find this stuff out, check the project’s whitepaper. You don’t have to read every word – just enough to find out:

What problem are they solving? How? Is their solution unique, useful, or already done better elsewhere?

If the project itself can’t answer that clearly, that’s a

2/ Who built it – and are they legit?

The team behind a project can make a big difference.

Sure, there are some anonymous devs who’ve built incredible things, but often, you wanna see real names with real experience.

Do a little digging. What have they worked on before? Do they have industry connections? Are they backed by known VCs or integrated into other platforms?

For example:

• Solana was started by former Qualcomm engineers;

• Polygon has partnerships with giants like Reddit and Disney.

If all you find about the team is a vague website, a generic roadmap, and a Telegram group run by someone named “CryptoKing420” – that’s a

3/ How do the tokenomics work?

Tokenomics – or token economics if we’re talkin’ full government names – is basically how a crypto token is structured.

And this stuff matters a lot. You could have the smartest project ever, but if the token model doesn’t make sense, it can still fall apart.

Here are a few things worth checking:

Is there a max supply?

If not, new tokens can be minted endlessly, which could increase supply and impact price stability over time.

A capped supply (like Bitcoin’s) helps limit inflation.

Who holds most of the supply – early investors, the devs, or the community?

If most tokens are held by insiders or early investors, there’s a risk of them dumping later and crashing the price.

A more even distribution reduces that risk and shows stronger community support.

How are new tokens released?

Projects often have “vesting schedules” that unlock tokens over time.

If a massive unlock is coming soon, that could flood the market and drag down the price, especially if insiders decide to sell.

And lastly, why would anyone want to hold this token long-term?

Does it give access to features, voting rights, staking rewards, discounts? Or is it just something people buy only because they hope it’ll moon?

If there’s no strong use case or reason to hold, long-term demand might be limited – and without demand, prices usually don’t hold up either.

TL;DR: if a token has unlimited supply, no use case, and is mostly held by a small group of early buyers – that’s not a long-term investment. It’s a setup for a pump-and-dump.

Strong tokenomics won’t guarantee success, but bad ones often lead to failure.

4/ What are the market metrics saying?

Some basic numbers can offer extra context:

Market cap gives you a rough idea of how big (or risky) the project is.

Volume shows how actively the token’s being traded.

Liquidity tells you how easily you can move in and out without affecting the price too much.

A token with good market metrics is often more sustainable in the long run.

5/ Is the tech actually any good?

This part gets overlooked way too often. But if you’re gonna invest in a token, you should know if it’s built on solid ground.

Start by looking at the underlying tech:

What kind of blockchain is it on? Can it scale? Is it secure? Has it been hacked before – and if so, how did the team respond?

Another tip: check how often the project is updated.

Is the GitHub active? Are developers still building?

A quiet repo = a quiet project = probably not what you want.

Take Polkadot, for example – it’s built for flexibility and security, with a consistently active dev team. That kind of steady progress tends to reflect long-term commitment.

6/ What’s the community vibe?

Crypto isn’t just code – it’s people.

A strong, engaged, non-bot community can drive adoption and build trust.

Look for:

Activity on Discord, X, Reddit;

Real discussions (not just “wen moon”);

Community-led initiatives or governance proposals

A token with a strong community behind it may have more support and staying power.

7/ Are there regulatory risks?

Not the fun part – but still important.

Keep an eye on whether the token might be considered a security in the US or elsewhere. Is the team operating transparently? Are they actively trying to comply with regulations? Are there lawsuits, bans, or investigations in major markets?

You don’t need a law degree, but if something looks shady, it’s worth being cautious.

So yeah, reading a coin isn’t just checking charts – it’s about doing a bit of digging. And if you haven’t looked into the basics, you’re probably making a bet, not an informed decision.

Asking the right questions gives you more context – and that can be helpful no matter what the market’s doing.

Oh, and before you go – if you liked this week’s beginner-friendly breakdowns, reply or tap that rating button below to let me know. I might cook up something like this again in the future

Have a chill weekend, don’t get rugged, and I’ll see you Monday with the usual format!

Coinbase’s Bitcoin premium has dropped into negative territory for the first time since May. This development is bearish for the flagship crypto as it suggests that demand from the U.S. may be waning. 

Coinbase Bitcoin Premium In The Red

CryptoQuant data shows that the Coinbase Bitcoin Premium Index is at -0.00254829, marking the first time it has been in the red since May 29, when it was at -0.01626105. This Index tracks the difference between the Bitcoin price on Coinbase and the Bitcoin price on Binance. It is also used to gauge the spot demand for BTC from institutional and retail investors in the U.S. 

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As such, this development suggests that the demand for BTC among U.S. investors is currently low. This is significant considering that Bitcoin rallies to new highs have coincided with the Coinbase premium being in positive territory. This highlights how much demand from the U.S. contributes to BTC’s uptrend. 

In recent times, this demand has mainly come from the Bitcoin ETFs, with Coinbase acting as a custodian for eight out of the eleven spot BTC funds. Notably, the drop in the Coinbase Bitcoin premium coincides with the drop in the net inflows and increase in outflows from these funds. 

SoSo Value data shows that these funds recorded net outflows of $114.83 million on July 31. Before now, they had also gone on a 3-day streak of consecutive net outflows between July 21 and 23. This indicates a wave of profit-taking among these investors, especially following the recent Bitcoin rally to a new all-time high (ATH) of $123,000. 

In an X post, CryptoQuant also confirmed this wave of profit-taking. The platform revealed that Bitcoin just saw its third major profit-taking wave of this bull run. Realized profits spiked to between $6 and $8 billion in late July, similar to March and December 2024 peaks. CryptoQuant added that it was new whales who led the selling above $120,000. 

New Investor Dominance Is Growing With Market In Stable Condition

In a CryptoQuant on-chain analysis, analyst Axel revealed that new investor dominance is growing and that the market is still stable in this late Bitcoin bull cycle phase. He alluded to the demand and supply between new and old investors metric and noted that the peaks of 64% in March 2024 and 72% in December 2024 coincided with local price maximums. 

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The analyst noted that during those periods, the influx of new liquidity into Bitcoin was exhausted, and old holders began actively taking profits. However, this time is different, as the current value of the demand and supply between new and old investors is 30%, which is only half of the overheated levels. 

Axel added that the trend is directed upward as the cumulative activity of young coins has been steadily growing since July 2024. The analyst remarked that this indicates that a notable layer of new buyers is entering the Bitcoin market. Meanwhile, pressure from the old holders is not yet critical. 

At the time of writing, the Bitcoin price is trading at around $115,550, down in the last 24 hours, according to data from CoinMarketCap.

Featured image from Pixabay, chart from Tradingview.com

Crypto trader and analyst Ali Martinez is warning that Bitcoin (BTC) could undergo a significant correction amid a bearish signal from a reliable indicator.

Martinez tells his 139,100 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is suggesting that Bitcoin could fall by over 63% from the current level.

The TD sequential indicator is a technical analysis tool used to determine potential trend and price reversal points.

“This one indicator has predicted every major Bitcoin crash and it just flashed again. The Tom DeMark Sequential just gave a quarterly sell signal. This is a rare warning that has historically preceded brutal drawdowns.

Back in 2015, the same signal appeared and Bitcoin dropped 75% after. Then in 2018, same setup, same outcome – Bitcoin plunged over 85%.

Now it is flashing again. If this plays out like before, Bitcoin could drop below $40,000.”

Bitcoin is trading at $107,850 at time of writing.

Citing data from the blockchain analytics platform IntoTheBlock, Martinez says that between May 22nd and June 29th, the number of Bitcoin transactions valued at more than $100,000 has fallen from 30,840 to 16,860, a drop of around 45%.

The crypto trader and analyst also cites data from crypto analytics firm CryptoQuant suggesting that buyer interest for Bitcoin over 30 days has plummeted by 36,988 BTC.

“Apparent demand for Bitcoin has dropped to -37,000 BTC, signaling a sharp decline in buying interest!”

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Generated Image: Midjourney

After another strong play for its all-time high in the past week, the price of Bitcoin has struggled to build on its recent bullish momentum. Over the last few days, the premier cryptocurrency has been specifically slow and lethargic.

On Friday, June 20, the Bitcoin price took a severe hit — together with the rest of the crypto market — and fell briefly beneath the $103,000 mark. However, the latest market data suggests that the price of BTC might enjoy some stability after the recent round of long liquidations.

BTC Gearing For A Run Of ‘Healthier Price Action’: Analyst

In a Quicktake post on the CryptoQuant platform, on-chain analyst Amr Taha explained the dynamics between the Bitcoin price and its recent long liquidation event. According to the online pundit, the market leader could be preparing for more stable price action over the next few weeks.

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Taha revealed that the critical $103,000 liquidation cluster, which held a large volume of overleveraged long positions on Binance, has been cleared off. This cascade of long liquidations came after the price of Bitcoin plunged toward the $102,500 level on Friday evening.

According to data from CryptoQuant, the price decline caused the long liquidations on Binance, the world’s largest exchange by trading volume, to exceed $160 million. The on-chain analyst noted that this long liquidation event also coincided with a major change in the Bitcoin Net Taker Volume on the cryptocurrency exchange.

Taha highlighted that the Net Taker Volume has moved deep into the negative territory, falling to nearly -$100 million in the past day. As observed in the chart below, this latest plunge marks the third time the Net taker Volume has fallen to this level in the month of June.

According to Taha, the change in this metric suggests that aggressive selling outweighed buying activity during the liquidation event. The on-chain analyst outlines two possible reasons for this trend, including that long positions were forced to close, pushing sell orders into the market as the Bitcoin price fell below $103,000. 

Taha added that some sections of Bitcoin retail traders might have pushed the panic button and filled new sell orders in fear of further losses. In the end, the crypto analyst concluded that the combination of long liquidations and extremely negative Net Taker Volume might not be completely bad for the flagship cryptocurrency.

Taha said:

While such events often feel devastating in the moment, they lay the groundwork for healthier price action. Given these dynamics, the path of least resistance may now shift upward as Bitcoin stabilizes above key support levels with reduced leverage overhead.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $103,450, reflecting an over 1% decline in the past 24 hours.

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Featured image from iStock, chart from TradingView