Data from Binance, the leading exchange by trading volume, indicates that the Bitcoin market is undergoing a critical phase characterized by significant structural changes in its price action. This reflects a major shift in the overall trend after a prolonged upward movement The MSBI indicator shows a value of 111, while Bitcoin is trading near $89,000, with the structure shift indicator registering –1, a clear signal of a structural break in the market trending downward.
This demonstrates that the market has gradually lost the upward momentum it had maintained since the third quarter of the year. Although the price previously reached levels above $120,000, the current decline reflects the market’s transition from a period of strong upward momentum to a sharp, structural correction. This type of structural break typically indicates that buyers have lost control and that the market has entered a phase of widespread repositioning among traders, as large portfolios and funds rebalance their positions.
The structure shift indicator, registering –1, clearly reveals that the market has begun moving within a downward structure. This is not only related to the price decline but also to the change in the pattern of the movement itself: new lower highs, deeper lows, and reduced upward momentum. The rise of the MSBI to 111 reflects the fragility of the current market structure, indicating that the number of structural breaks has begun to exceed normal levels typically seen during short-term corrections.
This situation suggests that Bitcoin has entered an extended correction phase that may continue until the market finds a strong support level to restore balance
Written by Arab Chain
