Bitcoin and Ethereum Coinbase Inflows Collapse While Binance Retains Relative Activity – Details
Bitcoin is on track to close the year in negative territory, a development that has reinforced growing concerns among analysts who are increasingly positioning for a potential bear market ahead. After failing to sustain momentum above key psychological and technical levels, market sentiment has shifted toward caution, with investors closely monitoring liquidity behavior and exchange flows for early signals of regime change. The rejection from the $110,000–$115,000 zone marked a decisive lower high, followed by an impulsive sell-off toward the mid-$80,000 range. Since then, price action has compressed into a narrow consolidation, suggesting temporary stabilization rather than a confirmed reversal. However, the inability to reclaim the declining moving averages indicates that upside attempts remain fragile.Related Reading
Volume behavior adds to the cautious outlook. Selling pressure expanded during the initial breakdown, while subsequent rebounds have occurred on muted volume, signaling limited conviction from buyers. This imbalance suggests that dip-buying demand is present but not strong enough to force a trend shift.
From a technical perspective, the $85,000–$88,000 area has become a critical near-term support zone. A sustained hold could allow for range formation. Failure to defend this level would increase the risk of a deeper retracement. For sentiment to improve, Bitcoin would need to reclaim the $95,000–$100,000 region and stabilize above its key daily averages.
Featured image from ChatGPT, chart from TradingView.com
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