2025-08-26 12:54:22

📉 Bitcoin dropped from $124K to ~$111K, sparking fears of a cycle top. But on-chain data tells a different story:

🔹 30/30 cycle top indicators remain neutral → no overheating signals like in previous peaks.
🔹 New investors (<1 month holders) are down ~-3.5% and capitulating, while Short-Term Holders (1–6 months) still sit on ~+4.5% gains → BTC is moving from weak to strong hands.
🔹 $70M in longs liquidated, OI dropped sharply → leverage flushed out, market is now healthier.
🔹 Holding above the 20-week EMA ($108K) keeps the path open for a retest of $125K and a move toward $150K.

👉 $124K is not the top — just a bull run shakeout.
#Bitcoin BTC #Crypto BullRun

BTC-0.22%

IN2.68%

MOVE-1.94%

NOT-1.95%

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