{"id":59080,"date":"2025-11-18T14:41:39","date_gmt":"2025-11-18T14:41:39","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=59080"},"modified":"2025-11-18T14:41:39","modified_gmt":"2025-11-18T14:41:39","slug":"3-on-chain-factors-pointing-to-deeper-bitcoin-correction-analyst-warns","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=59080","title":{"rendered":"3 On-Chain Factors Pointing to Deeper Bitcoin Correction, Analyst Warns"},"content":{"rendered":"
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Bitcoin (BTC) momentarily fell below the $90,000 mark yesterday for the first time in seven months, a 29% collapse from its October high.<\/p>\n

Now, some market observers are saying this drop is not a simple correction, with on-chain data showing a troubling build-up of selling pressure on major exchanges, suggesting the market has not yet found a true bottom.<\/p>\n

Mounting Evidence of Sell-Side Pressure<\/h2>\n

A detailed analysis from CryptoQuant indicates<\/a> that three key on-chain metrics are in a critical state. First, the Average Bitcoin Deposit Volume on Binance has climbed past a critical threshold of 0.9. Historically, spikes in this metric have come before negative price reactions, as it signals a growing intent among investors to sell their holdings.<\/p>\n

Second, the total Bitcoin reserves held on Binance have ballooned to over 580,000 BTC. Analyst CoinDream stated that a large accumulation of coins on an exchange often means there\u2019s potential sell pressure waiting to be unleashed.<\/p>\n

This trend usually acts as a persistent bearish weight on the market unless it encounters equally strong buyer demand. The expert noted that recent increases in these reserves have consistently correlated with periods of price weakness.<\/p>\n

Finally, data for the network-wide Net Exchange Flows showed that more than 5,000 BTC hit exchanges yesterday, marking the biggest sell pressure since the flagship cryptocurrency initially broke below the $110,000 level.<\/p>\n

CoinDream concluded that selling pressure is accelerating while buyer demand is conspicuously absent. According to them, a genuine market bottom is typically characterized by strong demand inflows, which current indicators are still not showing.<\/p>\n

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\u201cCurrent on-chain data, such as market buy volume and other demand indicators, do not yet signal a bottom,\u201d they wrote. \u201cCaution is advised, as further downside remains likely.\u201d<\/p>\n<\/blockquote>\n

A Broader Market Backdrop of Fear<\/h2>\n

The bearish on-chain outlook has come within a brutal market-wide correction. BTC was trading around $90,700 at the time of writing, down 5.4% in the last 24 hours and almost 14% in the past week. This drop is part of a wider wipeout of more than $1.1 trillion, described<\/a> by some as a \u201cstructural reset\u201d for the industry.<\/p>\n

The negative momentum is being felt across technical indicators, with Bitcoin decisively breaking<\/a> below its weekly 50-period Exponential Moving Average (EMA), a key support level that held throughout the bull market, adding credence to the bearish structure.<\/p>\n

Furthermore, experts like CryptoQuant CEO Ki Young Ju added<\/a> that institutional demand has cooled, with the Coinbase Premium at a nine-month low and spot ETFs experiencing sustained outflows.<\/p>\n

Despite the grim picture, some see a potential for a short-term reprieve. A separate market update from NovAnalytica suggested that aggressive taker sell volume may be exhausted<\/a>, potentially creating an entry zone for large buyers.<\/p>\n

The post 3 On-Chain Factors Pointing to Deeper Bitcoin Correction, Analyst Warns<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin (BTC) momentarily fell below the $90,000 mark yesterday for the first time in seven months, a 29% collapse from its October high. Now, some market observers are saying this drop is not a simple correction, with on-chain data showing a troubling build-up of selling pressure on major exchanges, suggesting the market has not yet […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-59080","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59080","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=59080"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/59080\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=59080"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=59080"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=59080"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}