Bitcoin is showing increasing signs of structural weakness as both price action and on-chain metrics shift into what historically resembles early bear market conditions.
Summary
- Bitcoin has fallen to around $68,400 after breaking down from the $90,000–$95,000 range, signaling structural weakness.
- Data from CryptoQuant shows adjusted SOPR dropping to 0.92–0.94, a historical bear market stress zone where coins are spent at a loss.
- Technical indicators remain bearish, with resistance at $72,000 and $79,400, while key support sits at $64,000 and the $60,000–$62,000 zone.
At press time, Bitcoin (BTC) is trading around $68,400, following a sharp breakdown from the…
