Bitcoin’s Descent: Negative 7dMA Spells Doom 🚨

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Oh, the despair! Bitcoin, once the golden calf of the digital age, now limps along, its followers more apathetic than a bear in hibernation. The price, a mere shadow of its former glory, dares not cross the $90k threshold, while the market’s heartbeat falters like a weary old man. 🧟‍♂️

On-chain data, that most sacred of scrolls, reveals a tale of woe. Axel Adler, the prophet of capital flows, wields his seven-day moving average like a scepter, measuring the market’s pulse. A negative net flow? A sign of chaos, my friends! 🧙‍♂️

This metric, oh so clever, tracks the balance between realized profits (capital entering the network) and realized losses (capital vanishing into the void). When the net flow turns negative, it’s as if the market is crying into its pillow of losses. 🧸

Currently, the seven-day average plummets to -$160 million, a daily hemorrhage that would make even a vampire weep. The period between December 17-24 was a rollercoaster of despair, with outflows so fierce they’d make a storm tremble. 🌪️

Elevated Coin Activity Signals Distribution Under the Surface

Behold, the Bitcoin supply, now more active than a Moscow bazaar! The “% Supply Active” metric, a barometer of chaos, shows 31.79% of BTC in motion. A year-over-year surge of 14.4%-a frenzy of selling, not buying! 🕺

At face value, this activity might hint at renewed interest. But in this context, it’s a harbinger of doom. Coins change hands not with joy, but with the desperation of a man fleeing a fire. 🔥

This isn’t apathy-it’s a full-blown exodus! Apathy implies indecision; this is a panic. The market is not sleeping; it’s screaming into the void. 🧟‍♂️

To turn this around, activity must persist while capital flows recover. Until then, it’s a dance of capitulation, not accumulation. 🕺

Bitcoin Stabilizes As Key Trend Loses Momentum

Bitcoin, the resilient yet beleaguered nobleman, now trades around $88k, a far cry from its $120k zenith. The broader uptrend, once a proud steed, now trots with a limp, its momentum lost in the mists of uncertainty. 🐴

The 3-day chart is a mirror of despair, with Bitcoin’s faster-moving average now a wall of resistance. The loss of this level? A death knell for rallies, signaling sellers reign supreme. 🧙‍♂️

Yet, the longer-term moving average, that steadfast guardian, still offers a lifeline. It’s the line between correction and collapse-a thin thread, indeed. 🧵

Volume dynamics? A tale of two extremes. The sell-off from $110k was a hurricane; the rebound? A whisper. Buyers, it seems, are as timid as a mouse in a lion’s den. 🐭

The $86k-$90k range is the last bastion. Hold here, and the bullish framework survives. Fail, and Bitcoin’s fate is sealed in a sea of red. 🚩

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2025-12-27 01:54