Bitcoin (BTC) is in a bit of a pickle! After a two-week tumble, it’s still struggling to get over that pesky resistance. It’s like trying to jump over a puddle of mud in your best shoes-impossible!
The market’s looking like a house of cards on a windy day, with trading volumes dropping faster than a hot potato. And don’t even get me started on volatility! If things don’t turn around soon, Bitcoin might just keep sinking like a lead balloon.
Bitcoin Holders Are Feeling the Squeeze
The percentage of BTC supply in profit has dropped faster than a rocket ship with a broken engine-from a hefty 98% to a pitiful 78% in just two weeks. Investors are feeling the pain, with unrealized losses piling up like a laundry basket full of dirty socks. This drop is typical during those dreaded capitulation phases when panic spreads like wildfire.
Apparently, no one’s in the mood to take profits. Most holders are either barely breaking even or deep in the red. The market’s in a tailspin of hesitation, where buyers are standing still like a deer in headlights, and sellers are ready to bail at the slightest hint of hope. It’s a mess!
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The Realized Profit to Loss (RPL) Ratio is flashing red, confirming that the panic is real. This metric tracks Bitcoin’s realized gains versus realized losses, and guess what? It’s plummeted from 1.2 to 0.7! Investors are throwing in the towel, selling at a loss like it’s going out of style.
This low ratio is like a flashing warning sign saying, “Panic mode activated!” Investors are fleeing the scene, running faster than a cat chased by a dog, and they’re not doing it for strategic profit-taking. Oh no! It’s all about fear and flight.
BTC Price Under Pressure (And It’s Not Pretty)
At the time of writing, Bitcoin is chilling at $107,734, just below the $108,000 resistance. It’s like trying to scale a mountain with buttered shoes-no matter how hard it tries, it just can’t make it past that line. The downtrend is holding firm like an old oak tree in a storm.
Bitcoin’s been forming lower lows this week, and honestly, it’s starting to look like it’s heading toward $105,000-or worse! If it can’t rally past $110,000, we might see a nosedive that would make even the most seasoned crypto investor sweat buckets.
But, wait! If Bitcoin can manage to pull itself together and hit $110,000 like a knight in shining armor, it might just break free from this downtrend. That could open the door to a sweet recovery, pushing the price up to $112,500 or even more. But until then, it’s a wild ride, and caution is the name of the game in this rollercoaster market.
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2025-10-21 14:23