Bitcoin is experiencing a significant decline in momentum, with on-chain indicators showing signals recently seen during major market declines. Realized losses have increased sharply, driven by a pullback by short-term holders as Bitcoin's value has fallen below its 200-day moving average. Market positioning is approaching levels historically associated with short-term lows, but without a clear macroeconomic catalyst, volatility is expected to remain high.$BTC #AreYouBullishOrBearishToday? #SpotETFApprovalUpdates #CryptoMarketWatch #DecemberRateCutForecast #BitcoinPriceWatch
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What to know:
Bitcoin is experiencing a significant decline in momentum, with on-chain indicators showing signals recently seen during major market declines.
Realized losses have increased sharply, driven by a pullback by short-term holders as Bitcoin's value has fallen below its 200-day moving average.
Market positioning is approaching levels historically associated with short-term lows, but without a clear macroeconomic catalyst, volatility is expected to remain high.$BTC #AreYouBullishOrBearishToday? #SpotETFApprovalUpdates #CryptoMarketWatch #DecemberRateCutForecast #BitcoinPriceWatch