btccrashing

$BTC
Le prix du Bitcoin a été sous pression ces derniers mois, la principale cryptomonnaie tombant à des niveaux non vus depuis plus d'un an. Ce retournement a suscité de nombreuses questions de la part des traders et des investisseurs demandant : Pourquoi le Bitcoin est-il en baisse ? Voici un aperçu clair et à jour de ce qui motive le marché.
1. Prix près des plus bas de plusieurs mois
Après avoir atteint des niveaux records vers la fin de 2025, le prix du Bitcoin a considérablement reculé début 2026. Il est récemment tombé en dessous de la fourchette de 75 000 à 80 000 $, marquant une baisse d'environ 30 à 40 % par rapport aux niveaux de pointe.

Bitcoin has officially broken key support levels, signaling a major shift in market structure ⚠️📉

After confirming the loss of the $84,000 daily support, $BTC has now fallen below another critical level at $79,541 🔻

This sequence of breakdowns across major daily supports strongly suggests a regime change — Bitcoin has now entered a bear market 🐻

📉 With this shift, the market has also moved into a new cycle phase: CAPITULATION

Capitulation is when a large portion of market participants accept losses and exit positions 💥

🔍 As price continues to decline — a defining trait of bear markets — profitability keeps deteriorating, especially for Short-Term Holders (STH)

These investors typically have higher average entry prices, and as BTC moves lower, they are gradually forced to sell at a loss ❌

This adds strong selling pressure on the spot market 🩸

📊 Right now, both sides of price action are bearish:

🔻 Spot market — demand is weakening after previously holding price up

🔻 Futures market — has remained mostly bearish since late 2023

Until recently, spot buying helped prevent a deeper breakdown, but that support is now fading, allowing downside momentum to accelerate 🚨

😨 As price loses stability, fear and uncertainty grow

Investors increasingly sell — often at a loss — which triggers further declines, repeating this cycle again and again 🔄📉

This process typically continues until equilibrium is reached, and that usually takes time ⏳

🔗 On-chain data confirms this capitulation phase:

📉 STH-SOPR shows short-term holders are actively realizing losses — a classic capitulation signal

🏦 Rising BTC reserves on exchanges (CEX) indicate growing sell-side intent, as coins move from wallets to trading platforms

🧠 Additional on-chain insights:

📊 UTXO Age Bands reveal average cost levels across different holder groups, showing which cohorts are entering pressure zones

📉 MVRV highlights the compression of unrealized profits, suggesting many participants are choosing to lock in gains or cut losses in a clearly bearish environment

⚠️ In short:

This is not panic — this is capitulation.

And capitulation is a process, not a moment 🔥📉
#BTCCRASHING #USGovShutdown #BitcoinETFWatch
$BTC