Bitcoin’s Tumble and Technical Red Flags

Bitcoin just took a nosedive below $90K, smashing its 50-week EMA, flashing a “death cross,” and dragging sentiment down to 2022 lows. With massive liquidations, ETF outflows and a hawkish Fed, it sure feels like the bull run might be over—at least on the surface.

On-Chain Resilience and the Big Picture

But peek under the hood and things get interesting: exchange reserves are at seven-year lows, long-term holders cling to 70% of supply, MVRV ratios signal accumulation, and global liquidity is still flowing. Rather than a full bear market, this could just be a mid-cycle shakeout—and the next big move hinges on a few key price levels.

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