Bitcoin ‘risk off’ signals fire despite traders’ view that sub-$100K BTC is a discount:

Bitcoin (BTC) may be holding above $90,000, but data implied that its price is still flashing a significant risk-off signal. CryptoQuant’s multi-metric risk-off oscillator remained near the “High-Risk” zone, a level that historically precedes corrections and diminishes the probability of a sustained bullish trend.

Key takeaways:

Bitcoin’s risk-off signal was positioned near “High-Risk” territory, which has previously indicated a bearish period.

BTC’s Profit–Loss sentiment has hit a rare -3 extreme, signalling a structural correction.

BTC’s -32% drawdown placed it between a correction and capitulation zone, which may prolong the decline between $90,000 and $80,000.

BTC

89,625.5

-1.73%