Bull Liquidations Drive Bitcoin Down to $86K
The derivatives market continues to register a shift in pressure toward bulls, with the liquidation dominance oscillator sitting at 32%, reflecting sustained pressure on leveraged buyers.
Daily Bitcoin analysis focused on market structure, liquidity flows, and macro signals. Adler AM is updated 5× per week - clear insights, no noise.
The derivatives market continues to register a shift in pressure toward bulls, with the liquidation dominance oscillator sitting at 32%, reflecting sustained pressure on leveraged buyers.
The cost of holding long positions dropped 18% over 9 hours - from 0.11% to 0.09%. This indicates declining pressure from aggressive buyers.
Technical transfer of ~800K BTC within Coinbase triggered artificial spike in on-chain metrics by ~$68B, though no actual sales occurred.
Long-Term Holders conducted the largest profit-taking of the entire cycle, reducing positions by 1.57M BTC over the quarter amid price decline toward $80K.
Bitcoin Bull-Bear and Futures Flow indices show bearish regime, price is 11% below fair value.
Dollar consolidates near six-month peak, STH loss-taking pressure at extremes.
Short-term holders under stress amid liquidity outflows from spot ETFs.
Bitcoin lost 26% from ATH $125K, oscillator shows Long Liquidations dominance at +20%, market sentiment remains in the fear zone at -89.
Bitcoin holds around $91K with divergence between rapid improvement in speculative metrics and deteriorating fundamental flows, while the stress index stands at 67.8 in the elevated zone
Bitcoin under pressure from short-term holder loss-taking with volatility above 83%.
Bitcoin price is trading at the $95K level, Adaptive Momentum registers the third extreme signal in three years.
Bitcoin is trading at $97.6K, 21.8% below its October peak, two out of three metrics indicate a transition to a bearish phase, Death Cross may occur within the next 24 hours, marking the final transition to the red zone.