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Long-term bitcoin holders resume selling as price lags behind traditional markets
Data from Glassnode indicates that the “death cross,” a technical analysis term that may indicate a bearish signal, is imminent for bitcoin. Bitcoin’s SuperTrend indicator recently sent a bearish signal on the weekly chart, an event that has historically marked the beginning of bear markets. Long-term bitcoin holders are selling at the fastest pace since August as the cryptocurrency’s price lags behind broader financial markets. Glassnode data shows that bitcoin’s “death cross,” a technical analysis term that may indicate a bearish signal, is imminent, but with a catch. Bitcoin has printed a “death cross” on the daily chart as its 50-day moving average falls below the 200-day line, reviving debate over what comes next for the market.
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Bitcoin isfalling for the sixth consecutive session (longest streak since November 2024),dropping to $89,369 on January 20, 2026, driven by Trump tariff threats onEuropean nations and risk-off sentiment. “As a result, BTC is likely to stay below the $100,000 levelfor the time-being.” “Thekey factors on BTC moving higher will be US policy driven so I expect until wesee conditions improve (lower IRs) and less tariff rhetoric,” Howardconcludes.
Equities are reeling from what appears to be the early stages of a tariff war, volatility is rising, and fear continues to dominate investor sentiment. beaxy review The latest death cross comes amid growing macroeconomic uncertainty. Bitcoin’s recent rally brought the bulls back, but its confirmed death cross could be a warning to traders. Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing. Bitcoin currently trades at $89,369, 10.6% below $100K.”Breaking $100,000 is going to be far more macro-led than previousrallies,” says Howard from Wincent. Accordingto my technical analysis, immediate target is $84,000 (consolidation lowerband, -6%).
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Glassnode data shows that short-term holders are responsible for the majority of these losses. Realized losses have surged above $800 million on a seven-day rolling basis, reaching levels not observed since the FTX exchange collapse in November 2022. This adds weight to concerns that the cryptocurrency may face extended downward pressure in the coming months.
- This current drawdown is less severe than the April correction, when bitcoin dropped below $75,000 during the tariff related turmoil.
- If selling resumes, the next area where buyers are statistically likely to respond sits near $75,000 to $77,000, where prior demand and untested liquidity align.
- As I show on my chart, the immediate targetis $84,000 (November consolidation lower limit, only 6% belowcurrent prices).
- Explore historical trends, market dynamics, and investment strategies for crypto investors.
- Back then, the price dropped from around $40,000 to $16,00, resulting in a 60% loss in just 7 months.
Morgan Stanley’s ETF filings for Bitcoin and Solana signal a shift in crypto asset management, impacting fintech startups and institutional strategies. The Bank of Korea’s refusal to disclose stablecoin risk data raises concerns about transparency, impacting innovation and investment in South Korea’s crypto market. Morgan Stanley’s entry into the crypto ETF market with Bitcoin and Solana trusts reshapes investment strategies and regulatory landscapes for fintech startups.
Cointelegraph covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. With selling pressure increasing by the hour, the volume of realized losses has risen to levels not seen since the 2022 FTX collapse.
Bitcoin Technical
As Cointelegraph reported, Bitcoin’s SuperTrend indicator also sent a bearish signal on the weekly chart, an occurrence that has historically marked the start of a bear market. Rekt Capital was referring to Bitcoin’s drop below key support lines, even as the price slid below the 100-week moving average broker liteforex to reach a six-month low of $80,500 on Friday. Long-term bitcoin holders resume selling as price lags behind traditional markets The chart below shows SOL has also sliced through its 200-day EMA with authority, and the technical indicators are flashing bearish across the board. If Bitcoin is indeed in bear territory, as CryptoQuant CEO Ki Young Ju believes, the current death cross could signal 6 to 12 more months of downward price action. The 50-day moving average remains below the200-day moving average, a bearish configuration that historically precedesextended declines.
Bitcoin has already absorbed the bulk of selling pressure, and the crossover is printing after a 30%+ drawdown, not ahead of one. The key distinction, Sigel noted, is the broader market regime. According to his analysis, the median return following a death cross has been positive more often than not. Matthew Sigel, head of digital assets research at VanEck, said he has been fielding growing concern from clients about the signal and responded by laying out historical context in a post on X. To support open access to our website and sustain editorial operations, certain commercial or partner references may appear on our site. Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.
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As I showon my chart, I remind aboutthe death cross drawn on November 16, 2025, which still remains anactive strong sell signal. Accordingto my technical analysis, the cryptocurrency has once again fallen below 50 EMA(currently at $90,298) and remains far below 200 EMA (at $105,731), whichclearly suggests a downtrend. At the timeof writing, the cryptocurrency is slightly bouncing and Bitcoin changes handsat $89,369, but this doesn’t change the fact that over the last 6 sessions ithas lost nearly 9% in total and dropped to the lowest levels xm broker review in two weeks. President Trump’sescalating Greenland acquisition threats, including 10% tariffs on eightEuropean nations (escalating to 25% by June), have triggered widespreadrisk-off sentiment across global markets.
The next major support zone lies near the $80,600 Fibonacci level visible on the daily chart. The Fibonacci levels between the all-time highs and the minimum price reached in late November are a solid reference and have been respected throughout since then. Price support, though, is not established by short-term momentum, but long-term analysis. More importantly, the king of crypto has broken below an ascending trendline that had been providing support since the December lows. That means that “golden cross” formation BTC painted on the charts just a few days ago has now been invalidated. Butterfill’s data shows that, on average, Bitcoin prices are only slightly lower one month after a death cross (-3.2%) and often higher three months out.
Bitcoin’s death cross confirmation may mean BTC is officially in bear market
Since its inception, Bitcoin has experienced 10 such death crosses, with the 11th unfolding right now. By definition, a death cross confirms the end of a bullish phase. Early signs of capitulation from short-term holders may already be emerging.
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- The 50-day moving average remains below the200-day moving average, a bearish configuration that historically precedesextended declines.
- Another bearish daily close cloud further raises the possibility of a bearish weekly close, which could strengthen the bearish case for the BTC price rally.
Bitcoin’scurrent price of $89,369 represents a 3.44% decline from yesterday’s close of$92,559, with the cryptocurrency testing a day low of $89,162, the weakestlevel in two weeks. He now plots a similar path from the current cycle high, with Bitcoin breaking below its key moving average and then sliding into a green support box that covers the $57,000–$37,000 band. Ultimately, mastering the dynamics surrounding the bitcoin death cross and other market extremes empowers investors intellectually, emotionally, and financially. They tend to be good predictors of the direction of an asset’s price trend, and, in this case, this sell candle may have marked the start of BTC’s current bearish cycle. Bitcoin BTC$89,917.94 is under selling pressure in Asian trading hours after bulls failed to break and hold above $107,250, the lower end of the multi-week sideways range that resolved bearishly earlier this month. BTC is trading below the 50-day and 200-day averages, but the distance between price and short-term averages is no longer widening, a common early signal of downside exhaustion.
However, death crosses have proven unreliable on their own, with the previous three in September 2023, August 2024, and April 2025 all producing false bearish signals. With trading volume reaching $39 billion, traders are watching the charts as new technical signals suggest more downside may follow. In the current setup, bitcoin has fallen to $94,000, and in all prior instances, the market put in its low just before the death cross formed. This event is widely viewed as a bearish signal because it reflects weakening short-term momentum relative to the longer trend. The 50-day moving average for bitcoin at $110,669 is now on the verge of slipping below the 200-day moving average at $110,459, which would trigger this crossover.
Top stories, top movers, and trade ideas delivered to your inbox every weekday before and after the market closes. In contrast, in periods such as 2014, 2018, and 2022, the death cross showed up before selling was finished, with forced liquidations and balance-sheet stress still pushing prices lower. Death crosses that appeared near cycle bottoms often marked periods when selling pressure had already peaked and price was stabilizing. The April correction was both deeper and longer, with bitcoin falling about 30% from the January peak near $109,000 and spending around 79 days trending lower before bottoming in the first week of April. Bitcoin is currently down about 25% from its October all-time high around $126,000, and this correction has been ongoing for roughly 41 days.
Short-term holders typically include investors who acquired Bitcoin within the past 155 days. The convergence of technical indicators paints a bearish picture. Conversely, those during bear markets are typically short-lived. Market sentiment is extremely bearish, with the Fear & Greed Index plunging to 10, indicating extreme fear. Bitcoin is currently down about 25% from its October all time high around $126,000 and this correction has been ongoing for roughly 41 days. All opinions and insights shared represent the author’s own views on current market conditions.