{"id":72332,"date":"2026-02-13T18:31:16","date_gmt":"2026-02-13T18:31:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=72332"},"modified":"2026-02-13T18:31:16","modified_gmt":"2026-02-13T18:31:16","slug":"this-key-bitcoin-metric-signals-that-the-downside-may-persist-a-bit-longer","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=72332","title":{"rendered":"This Key Bitcoin Metric Signals That The Downside May Persist A Bit Longer"},"content":{"rendered":"<div>\n<p>After a sharp pullback in Bitcoin\u2019s price, there are speculations that the cryptocurrency <a href=\"https:\/\/x.com\/OnChainMind\/status\/2021850576334602430?s=20\" target=\"_blank\" rel=\"noopener nofollow\">market has shifted into a bearish phase<\/a>, marking an end to the bull market. Despite this significant drop, a key metric is showing signs that the market pain is likely to continue, reinforcing this current downward pressure.<\/p>\n<h2>Bitcoin Metric Warns The Pullback Isn\u2019t Over Yet<\/h2>\n<p><a href=\"https:\/\/bitcoinist.com\/bitcoin-no-longer-digital-gold-deutsche-bank\/\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a>\u2019s ongoing downside movement does not seem to have reached its climax yet. An indicator of the Bitcoin market that is closely monitored indicates that the current dip has not ended, and the correction may continue for a short time.<\/p>\n<p>This data from the Bitcoin Z-Score metric suggests that selling pressure and <a href=\"https:\/\/bitcoinist.com\/bitcoin-coinbase-premium-signal-persistent-weakness\/\" target=\"_blank\" rel=\"noopener \">weak demand conditions<\/a> are highly likely to continue in the upcoming days, weeks, or even months. Following an analysis of the metric, On-Chain Mind <a href=\"https:\/\/x.com\/OnChainMind\/status\/2021850576334602430?s=20\" target=\"_blank\" rel=\"noopener nofollow\">disclosed<\/a> that BTC has hit a -3\u03c3 downside deviation in the recent crash.<\/p>\n<p>The -3\u03c3 downside deviation, which is sitting at the $60,000 price mark, is the most extreme statistical stretch in the history of BTC. On-Chain Mind outlined that a continued severe breakdown below this level now would be historically unprecedented.<\/p>\n<p>Given the data from the metric, the crypto expert predicts that the negative chop will continue for a little while longer. Interestingly, the final bottoms are created by monotonous, choppy compression and now vertical crashes. In the meantime, the possibility of a continued short-term weakness before a stronger recovery emerges remains high.<\/p>\n<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-663639 size-medium\" src=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=640&amp;resize=640%2C360\" alt=\"Bitcoin\" width=\"640\" height=\"360\" srcset=\"https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=1920 1920w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=640 640w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=768 768w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=980 980w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=1536 1536w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=750 750w, https:\/\/bitcoinist.com\/wp-content\/uploads\/2026\/02\/Bitcoin-chart-from-On-Chain-Mind.jpeg?w=1140 1140w\" sizes=\"(max-width: 640px) 100vw, 640px\"><\/p>\n<p>Darkfost, a market expert and author at CryptoQuant, has <a href=\"https:\/\/x.com\/Darkfost_Coc\/status\/2021894494656897454?s=20\" target=\"_blank\" rel=\"noopener nofollow\">shed light<\/a> on the current state of the BTC environment using the Bull Score Signals metric. This metric provides an overview of the market\u2019s on-chain health and highlights multiple key elements affecting B<a href=\"https:\/\/bitcoinist.com\/is-bitcoin-reset-complete-steadies-70k-as-markets\/\" target=\"_blank\" rel=\"noopener \">itcoin\u2019s price behavior<\/a>.<\/p>\n<p>It further covers a variety of significant information regarding demand, liquidity, and the value of Bitcoin. Currently, the majority of these indicators are still in the red, which suggests that the environment is not improving yet. As long as this is the case, Bitcoin\u2019s difficulty of reaching a new all-time high in the short term becomes extremely hard.\u00a0<\/p>\n<h2>Whales Under Pressure Due To BTC\u2019s Drop<\/h2>\n<p>With a temporary break below $60,000, a wave of nervousness has been ignited across the market, putting <a href=\"https:\/\/bitcoinist.com\/bitcoin-whale-exchange-outflows-spike-dip-buying\/\" target=\"_blank\" rel=\"noopener \">Bitcoin whales<\/a> under pressure. Despite popular opinion, these big holders do not consistently constitute a type of patient and logical smart money because they react to market shocks either opportunistically or under pressure.<\/p>\n<p>Examining their inflows on <a href=\"https:\/\/bitcoinist.com\/sec-allegedly-investigating-binance-over-october-10\/\" target=\"_blank\" rel=\"noopener \">the Binance platform<\/a>, Darkfost has <a href=\"https:\/\/x.com\/Darkfost_Coc\/status\/2021706130544795799?s=20\" target=\"_blank\" rel=\"noopener nofollow\">highlighted<\/a> an increase in the monthly time frame. The monthly inflow rose from around 1,000 BTC to nearly 3,000 BTC, with a notable spike of roughly 12,000 BTC on February 6 alone. When there is significant price stress, this kind of action indicates that transfers to exchanges are more intense.<\/p>\n<p>Since February 1, more than 50,000 BTC inflows were observed from this group, suggesting sensitivity to <a href=\"https:\/\/bitcoinist.com\/bitcoin-weakness-persists-stablecoin-supply-signals\/\" target=\"_blank\" rel=\"noopener \">rapid market swings<\/a> from the investors as they adjust their positions. These investors can abruptly influence price dynamics, which can be good in gauging the forces shaping the market. In an environment where overall market liquidity is tightening, rising inflows are often a sign of increased selling pressure.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/eB75qoQi\/\" alt=\"Bitcoin\" width=\"2084\" height=\"1628\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>After a sharp pullback in Bitcoin\u2019s price, there are speculations that the cryptocurrency market has shifted into a bearish phase, marking an end to the bull market. Despite this significant drop, a key metric is showing signs that the market pain is likely to continue, reinforcing this current downward pressure. Bitcoin Metric Warns The Pullback [&hellip;]<\/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-72332","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\/72332","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=72332"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/72332\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=72332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=72332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=72332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}