Bitcoin Bear Market Signal Emerges: Supply in Loss Rises Above 40%
Bitcoin slipped below the $80,000 level over the weekend as selling pressure intensified across global markets. Reinforcing a climate of uncertainty that has weighed heavily on risk assets in recent weeks. The move came amid broad weakness in equities, elevated volatility, and declining liquidity conditions, pushing many investors into a defensive posture. From a trend perspective, price has slipped below the 50-period and 100-period moving averages, both of which are now rolling over. The 200-period moving average, still rising but flattening near the mid-$80K area, failed to act as durable support and now represents a major overhead resistance zone. Historically, sustained trading below these averages signals weakening trend strength and reduced probability of immediate trend recovery.Related Reading
The recent sell-off also stands out for its impulsive character. Large bearish candles with limited lower wicks suggest aggressive selling pressure rather than orderly consolidation. Volume expanded on the breakdown, reinforcing the validity of the move and indicating forced exits rather than passive rebalancing.
Structurally, the market is now forming lower highs and lower lows on this timeframe. Unless BTC can quickly reclaim the $80K–$85K region, downside risk remains dominant. In this context, the chart supports a bearish continuation. At best, a prolonged basing phase precedes any meaningful recovery attempt.
Featured image from ChatGPT, chart from TradingView.com
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