Market Overview: Price Pressure and Coin Transfer
Bitcoin has fallen below the critical psychological level of $60,000, with sustained institutional outflows. However, on-chain data reveals a different picture: long-term holders and various wallet cohorts are gradually accumulating coins. The number of coins in loss now exceeds those in profit, indicating that coins are shifting from short-term speculators to steadfast holders—a classic sign of early bottom formation.
Options Market Signal: Defensive Posture and Volatility Pickup
The options market shows a clear defensive stance, with implied volatility ticking higher. Investors' hedging demand has increased, yet there is no sign of panic selling. Overall, Bitcoin is in the early stages of bottoming; the bottom is not yet confirmed, but underlying accumulation is evident.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.