Bitcoin’s Rollercoaster Drop

Bitcoin tumbled below $90K, slicing through its 50-week EMA, sparking a “death cross,” and unleashing massive liquidations, ETF outflows, and fear levels not seen since 2022. On the surface it looks like a bear market takeover, but don’t pack up your bags just yet.

On-Chain Hints of a Mid-Cycle Shakeout

Behind the scenes, exchange reserves are at 7-year lows, long-term holders cling to 70% of coins, and MVRV points to ongoing accumulation. With global liquidity still rising, this might just be a brutal leverage flush before Bitcoin’s next major rally—keep an eye on those critical support and resistance levels!

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