Bitcoin Faces Sell Signal That Preceded Past Crashes

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Ah, dear Bitcoin, the once-great giant of the digital world, now hobbling along as though it had just been stabbed in the back by its own arrogance. Martinez, that ever-so-wise observer, has highlighted the Tom DeMark (TD) Sequential — a tool that seems to have an uncanny ability to predict doom. This little instrument flashed its warning lights before Bitcoin crashed in 2015 and 2018, much like a harbinger of calamity, foretelling massive drops of over 75%. What a lovely reminder for those holding their breath, waiting for another such spectacle! 🎭

And what, pray tell, does history have in store for us this time? If it decides to repeat itself (as it so often does, with the same tiresome predictability), Bitcoin might just tumble over 60%, perhaps plunging below $40,000. A delightful thought for those hoping to pick up the crumbs of a broken dream.

As of the moment of writing, Bitcoin is strutting about with its nose held high at a price of $107,850. But, oh, the pity! The on-chain data tells a different story, one of impending doom. Large-scale transactions — those over $100,000 — have almost halved in a mere month. From a bloated 30,000 to a meager 17,000. Oh, how the mighty have fallen! 📉

And if that weren’t enough to raise an eyebrow, the ever-so-reliable CryptoQuant adds its own grim commentary. Net Bitcoin demand has plummeted by nearly 37,000 BTC over the past 30 days. One can only imagine the look of dismay on the faces of those poor souls who thought they could ride this wave to the moon. The well of interest is drying up, leaving only the echoes of forgotten enthusiasm.

And so, while the market clings to its fading optimism, the signs are as clear as day: Bitcoin’s next move may well be a steep and sorrowful descent. Hold onto your hats, folks. The show is about to take a turn for the worse. 🍿

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2025-07-04 00:14