# 比特币市场情绪与技术面

#比特币市场情绪与技术面 Damn, is Bitcoin really entering a bear market? The 365-day moving average has been broken, and ETFs are still net selling. The previous wave of "Bitcoin Treasury" hype has also faded, and now the demand has directly fallen below the trend line. This is a classic case of structural reset.
The BCMI indicator has been declining steadily, and although it hasn't reached the historical bottom range of 0.25-0.35 like in 2019, it has been dropping from over 0.5, indicating that this is not just a simple correction but a transition into a bear market phase. Also, look at the growth of ad

#比特币市场情绪与技术面 Seeing Bitcoin fluctuate around $87,000, my mind still holds that old saying: market balance is often the easiest to break.
Recent data shows that the buying and selling pressure of short-term holders has reached an extreme level not seen in three years, with buyers and sellers evenly matched. It sounds stable, but history tells us that this kind of balance is precisely the most fragile. In a bull market, it can trigger an upward surge at any moment; in a bear market, it can also collapse suddenly.
What’s more concerning is that short-term holders are already at a floating loss o

#比特币市场情绪与技术面 Bitcoin repeatedly tests the $85,000 level, and the net pressure indicator has fallen to the 5% level after three years. In plain terms, the buying and selling forces of short-term holders have reached a bizarre equilibrium — a balance that has historically been unstable.
The key issue is: current short-term holders are already at a 13.9% unrealized loss, which means market sentiment has long shifted from greed to panic. If the price truly breaks below $85,000 and the net pressure worsens to below -15, don’t expect a gentle correction; the decline will further accelerate.
From a

#比特币市场情绪与技术面 Interesting market signals are here! The precious metals sector was pushed up by short sellers, but this rally is actually a false fire — once it pulls back, funds will flow into Bitcoin and Ethereum. What does this reflect?
Rotation between traditional assets and crypto assets is happening. When large funds find that profit opportunities in a certain sector diminish, they naturally look for the next growth engine. As the core assets of decentralized ecosystems, Bitcoin and Ethereum are becoming the consensus choice for more and more institutions and major players.
This is not ju

#比特币市场情绪与技术面 Looking at the latest on-chain data, Bitcoin has indeed entered a demand weakness period. ETF net selling, BCMI indicator decline, breaking below the 365-day moving average—these are all flashing bear market signals. But for the yield farmers, this is actually an opportunity.
When market sentiment is poor, new project teams tend to increase incentives to attract interaction volume. I recently summarized a few ideas: First, focus on new projects that lack funding and urgently need user data; airdrop promises are often more generous there. Second, during a bear market cycle, projec

#比特币市场情绪与技术面 Seeing this data feels a bit familiar. The net pressure tilt indicator has dropped to 5% after three years. I've heard this phrase "fragile balance" too many times — each time it seems like a storm before calm, but often it's the last comfort before retail investors get wiped out.
The key point is this: short-term holders have already suffered a 13.9% loss and are still debating the balance of buying and selling pressure here. I recall those seemingly stable moments in the past, which were often just the market makers testing the bottom's resolve. If the price really drops below

#比特币市场情绪与技术面 Seeing James Wynn once again engaging in excessive short-term operations, I feel a bit emotional. This guy’s previous two bearish predictions indeed missed the mark—his $67,000 forecast was off—but this time he closed his shorts and opened a 40x leverage long position, targeting the $92,000 to $97,000 range, with a liquidation line set at 87,111.
This reminds me of the 2017 cycle. Back then, there were also many "accurate predictors," constantly changing their stance every day, frequently switching between bearish and bullish. In the end, those who made money were often not the m

#比特币市场情绪与技术面 I have been studying various Bitcoin indicators recently, and today I came across a new concept—the "Net Pressure Tilt Indicator." I feel like I’m starting to understand what the market is saying 🤔
According to the latest analysis, Bitcoin is currently in a very delicate state, with buyers and sellers basically in balance. But this balance seems quite fragile; analysts say that if it drops below $85,000, the decline could further accelerate. This makes me a bit nervous, especially since short-term holders are already at a 13.9% loss.
But the most interesting thing is that, histo