Bitcoin Correction Dey Trigger Market Reset: Liquidations, Accumulation, And Signs Of Potential Macro Bottom
Bitcoin did quick correction, e drop almost 10% and cause over $10 billion for derivatives liquidation as open interest sharply fall from im $80 billion peak. Despite di first drop, Bitcoin bounce back quick by 5.2%, on-chain data show say investors still confident. Bitcoin Realized Cap waka reach record $935.1 billion, mean say people dey still accumulate, plus new address growth show say organic demand dey rise. Fear & Greed Index drop to 46 (fear) but e don recover to 55 (neutral/optimistic), show say market sentiment and risk appetite improve. Big withdrawal from exchanges—10,000 BTC worth $104,700—mean say strong holder accumulation dey continue. Analysts see di sell-off as healthy market reset wey clear speculative excess and build better foundation for future price growth. History show say similar deleveraging events mark macro bottoms wey lead to steady rallies. Traders suppose watch on-chain activities and sentiment indicators, because current price fit be start of new accumulation phase plus medium to long-term bullish momentum if trends continue.
Bullish
Di sharp correction wey happen recently for Bitcoin price cause correct liquidations and dem reduce leverage, dis one deep market healthy reset. E no shake long term investor confidence; instead on-chain data like all-time high for Realized Cap and growth for new addresses dey show say market still dey accumulate and current and new participants still get interest. Quick recovery for price and sentiment metrics like Fear & Greed Index dey support say market don digest the wahala and e dey build better foundation for upward momentum. Exchange outflows dey show say big holders dey still accumulate, wey historically come before bullish trends. If dis accumulation and sentiment improvement continue, Bitcoin fit dey enter new macro accumulation phase and traders fit observe medium to long-term bullish momentum get stronger.