The recent decline in Bitcoin’s net UTXO supply ratio has led to four sell signals, suggesting market overheating. This indicates a shift towards profit-taking behavior among holders.
Bitcoin has dropped from 110,000 USD to 103,000 USD, reflecting a 3.88% loss over the week. Analysts anticipate that BTC may test support around 101,488 USD; a failure to hold could see prices fall to around 92,000 USD.
Expectations of a market reset suggest Bitcoin may trade sideways between 95,000 USD and 105,000 USD until stability is achieved. The Taker Buy-Sell Ratio remains negative, indicating continued selling pressure.
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