Burn rate has jumped over 600% recently, with over 30B SHIB moved off exchanges last month showing an accumulation increase and token supply scarcity, as the network also recorded an increase of 1.55M+ wallet holders.
Price just broke a high level, but buyers should be careful now because this is where late buy entries get trapped.
The move is too fast, almost straight up. RSI is pushing extreme levels across timeframes, momentum indicators like MACD are fully extended, and price is trading far above its moving averages. This kind of move does not hold for long.
Looks like a liquidity grab setup: break resistance then pull in buyers then push higher then dump.
Momentum is still pushing because retail is chasing strength, but under the surface, the move is getting tired.
Current price around 0.336. If price pushes into 0.35–0.36, that is likely the trap zone.
Then a drop toward 0.22 becomes likely.
This is where smart money exits and late buyers get trapped.
This indicator has historically mapped out Bitcoin’s cycle tops and bottoms with surprising precision, following the well known 4-year rhythm.
Right now, it’s signaling a familiar setup, one that suggests Bitcoin could form its cycle bottom around the $45K–$50K region before the next expansion phase toward $200K.
The key confirmation comes from the moving averages, when the 200MA crosses below the 1458MA, it has consistently marked the transition into a new cycle. If that cross happens again, it strengthens the case that this cycle is simply repeating, just on a larger scale.
Uncertainty is now the dominant trend in the market.
Every chart is losing structure and panic is starting to replace conviction.
This week alone, over $2T wiped out from the U.S. stock market.
$BTC down 9%, with structure turning bearish.
The only question now is: where do we go from here? Because right now, every financial instrument is screaming fear, extreme fear, and even deeper uncertainty.
$200B wiped off the crypto market cap in the past 24hrs.
If you’ve been paying attention, this isn’t new.
Every time Bitcoin pulls back 6-10%, we see roughly the same magnitude of capital flow out of the market. It’s panic, forced liquidations, and weak hands exiting.
But here’s the pattern most people ignore.
The moment Bitcoin stabilizes and reclaims even 3-4%, that same liquidity quietly flows back in.
Same money. Different emotion.
The market doesn’t destroy capital, it transfers it.
The market has confirmed a clear shift in structure.
$BTC lost the 200 EMA and broke the rising support trendline held since March 22, signaling short-term weakness. Price is now reacting at a key confluence: major trendline + OB demand zone.
If this level holds, a bounce toward 73k is likely. Lose it, and downside continuation follows.