Bitcoin’s regime score is sitting near a key equilibrium zone (~16%).
This level usually signals a transition phase, not a clear trend.
Below zero has often aligned with distribution and higher downside volatility.
A sustained move above the baseline has historically matched stronger trend conditions.
For now, BTC looks range-bound rather than trending.
Compression phases tend to resolve eventually, but direction is still uncertain.
#Bitcoin #MarketStructure #OnChainAnalysis
