Bitcoin wey dey loss scarce near bear levels as stress dey rise
CryptoQuant analyst Darkfost tok say Bitcoin loss-making supply dey shift toward bear-market condition. About 11.2M BTC dey profit, while loss-making BTC don rise to roughly 8.2M. Compared to the last bear trough (≈9M profit / ≈10.6M loss), the imbalance dey move the same way. Glassnode still dey flag loss-making supply for levels wey never show since late 2022, but this one no reach full capitulation yet.
Bitrue Research guy Andri Fauzan Adziima see the rise as more market stress than clear undervaluation signal. The worst extremes for 2022 worse well well, with loss-making supply pass 50%. For drawdown, BTC don drop about 52% from its cycle peak, compared with deeper 77–84% declines wey happen for earlier bear markets.
Macro factors dey add pressure. Stronger DXY (about +5% over two months) and weaker CNY dey described as headwinds, weighing down risk assets and pressuring BTC futures. Technically, the article dey cautious: downtrend conditions, RSI near 42, and Supertrend giving bear signal. Traders dey watch resistance near ~$68.1k and $74.4k, with supports around ~$66.2k and ~$60k. Since Bitcoin loss-making supply still dey climb, whether supports hold (or break) fit decide if the market go consolidate or near capitulation.
Bearish
Di main gist na artikul na na Bitcoin wey dey lose money supply dey rise and e dey near di historical bear-market area, but e never reach di 2022 capitulation extremes. Dis combination usually mean say downside pressure fit continue till distribution finish, making rallies fragile. Macro headwinds (stronger DXY and weaker CNY) dey reduce risk appetite more and fit pressure BTC futures, dey boost di chance say consolidation or renewed sell-offs go happen instead of clean trend reversal. Technically, di downtrend context (bearish Supertrend, RSI 'round 42) align wit di on-chain stress narrative. Short term, traders make dem cautious around resistance levels and focus whether BTC fit hold di ~$66.2k/$60k support band; if e breakdown e fit accelerate move toward capitulation, while if e hold e fit support slower stabilization.