This Key Bitcoin Metric Suggests That Current Downside Action Will Continue
Bitcoin’s price has fallen over 50% from its all-time high achieved in October 2025, triggering a bearish market phase across the board as investors exit their positions to cut down losses. Despite falling this hard, the downside action does not seem to have reached its end yet, as key metrics point to an extended period […]
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After a sharp pullback in Bitcoin’s price, there are speculations that the cryptocurrency market has shifted into a bearish phase, marking an end to the bull market. Despite this significant drop, a key metric is showing signs that the market pain is likely to continue, reinforcing this current downward pressure. Bitcoin Metric Warns The Pullback […]
On-chain data shows the Bitcoin NUL indicator is still below a value of 0.5, a sign that more downtrend could be in store for the crypto before the bottom is in. Bitcoin Net Unrealized Loss Surges Up, But Still Remains Below 0.5 As pointed out by an analyst in a CryptoQuant post, the cryptocurrency’s price may still be nowhere near a bottom. The relevant indicator here is the “net unrealized loss” (or NUL in brief), which tells us about the total number of coins that are currently holding an unrealized loss. The metric works by comparing the last selling price of each....
The current bearish wave seems to have significantly disrupted the bullish action of Bitcoin, which has forced the largest cryptocurrency asset to revisit downside targets like the $108,000 price mark. While this action has triggered speculations about a potential bear market phase, Michael Saylor’s latest statement suggests that this period of volatility could be laying […]
The crypto market is yet to recover from a spike in selling pressure over the weekend, with Ethereum and other cryptocurrencies almost reaching double-digit losses. Bitcoin has been one of the worst performers these past few days and might weaken during September. Related Reading: Kucoin Token Struggles To Hold Key Support At $8, How Low Can It Go? In the coming weeks, market participants will have their attention set on the Ethereum “Merge”, the event that will complete this network’s migration to a Proof-of-Stake (PoS) consensus. The narrative surrounding this event has allowed ETH’s....
Bitcoin is still unable to break above or below its current range. Yesterday, BTC’s price was seeing a trading session in the green until a surge in negative news contributed to an increase in selling pressure. Related Reading | New Study Shows 37% Of People Want Governments To Legalize Bitcoin Traditional markets also tumbled and added to the downside price action as Bitcoin approached a major area of resistance at $32,000. At the time of writing, Bitcoin (BTC) trades at $29,800 with a 6% loss in the last 24-hours. Trading desk QCP Capital published a market update highlighting the....