Investidor Matuto
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Bitcoin has fallen to the Market Real Average — the base cost of active coins, a level that historically separates moderate lows from deep bear markets 📉⚡️.
The price managed to stabilize above this level, but the current structure resembles the 1st quarter of 2022 📊.
The spot price dropped below the 0.75 quantile (US$ 96.1k), putting 25% of the supply in a state of inactivity 🔴💰. This creates a fragile balance between capitulation and bottom formation ⚖️.
As long as there is no recovery of support at US$ 106.2k (0.85 quantile), the market remains sensitive to macroeconomic shocks 👀🎯.
#Bitcoin #BTC #Crypto #Crypto #OnChain #Glassnode #CryptoMarket #PriceAction #MacroEconomia
The price managed to stabilize above this level, but the current structure resembles the 1st quarter of 2022 📊.
The spot price dropped below the 0.75 quantile (US$ 96.1k), putting 25% of the supply in a state of inactivity 🔴💰. This creates a fragile balance between capitulation and bottom formation ⚖️.
As long as there is no recovery of support at US$ 106.2k (0.85 quantile), the market remains sensitive to macroeconomic shocks 👀🎯.
#Bitcoin #BTC #Crypto #Crypto #OnChain #Glassnode #CryptoMarket #PriceAction #MacroEconomia
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