Matrixport's daily chart analysis said: "In several recent reports, we have noted that Bitcoin is approaching a key threshold - a classic" bulls and bears demarcation point ", a signal that has historically been very reliable. Multiple structural indicators are sending warning signals: futures unpositioned squaring is starting to decline relative to the 90-day moving average, our trend model is turning bearish, and prices have fallen below the 21-week moving average - a level that has traditionally been a watershed between" going long "and" moving to neutral "market conditions.
On the surface, Bitcoin appears calm. Price action has stalled, volatility has faded and most investors see the current range as just a "normal consolidation". But this reading misses a deeper structural shift: rather than a quiet rest, Bitcoin is quietly shifting holdings - and that shift is taking place in the most critical price range of the cycle.
Beneath the apparent calm, long-term holders are gradually distributing their chips to a new group of institutional buyers, a handover that creates a rare sense of "stillness." Moreover, Bitcoin has fallen below the short-term realized price, raising the risk of liquidation. Individually, these are warning signs; when they stack up, they constitute a clear risk warning. "
Matrixport: Bitcoin is at a critical breaking point, with long-term holders slowly transferring their chips to a new generation of institutional buyers
2025-10-31 06:56:17
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