When investors notably shift towards bearish bets, it usually implies that caution is building or investors are expecting the broader correction to extend. As whales continue to bet against the two leading assets, this pattern is likely to result in persistent selling pressure throughout the market.
A Compression Phase, Not A ResetThe market has cooled, but the price has not yet broken into the deeper on-chain support band, with higher pressure on the structure. Currently, Bitcoin is trading below the STH Realized Price, which is close to $79,200, and the True Market Mean Price, which is close to $78,300.
