Bitcoin is currently worth around $ 83,793.85, marking a drop of 2.47% in the last 24 hours, despite the increase of 8.39% in last week.
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While the withdrawal of Bitcoin (BTC) may seem minor in the wider diagram, the deeper market signals suggest something more complex brewing under the surface, perhaps the start of a new crypto winter.
The recent Coinbase report describes a cocktail of lower indicators: global tariff escalations, reduction of risk appetite in stocks and a significant drop of 41% of the total market capitalization of the crypto (excluding BTC) of its summits in December 2024. The figure is now at 950 billion dollars, which is even lower than most of the periods between August 2021 and April 2022.
Not all declines are equal
Traditionally, the markets define a bear phase with a 20% drop in recent summits. But crypto does not play by traditional rules. The drop of 76% bitcoin between November 2021 and November 2022 was a striking contrast with the withdrawal of 22% of American shares during the same period. Such volatility amplifies both fear and opportunities, and with the assets which now plunges below its mobile average at 200 days, historical models suggest that a downward trend can form.
However, the feeling does not only depend on the figures. As the Coinbase report says: “Bear markets represent more than simple percentages.” Metrics like Z scores and mobile averages become more relevant to interpret the erratic rhythm of Bitcoin than the arbitrary thresholds.
Bitcoin Whale Confidence and Technical Insights
Unlike the lower signals, Glassnod data reveal that the number of addresses holding 1,000 to 10,000 BTC has increased from 1,944 to 2,014 since March 5. This type of whale accumulation is a bullish nuance seen in April 2024, referring to growing confidence among institutions and people with high content.
Crypto analyst, Titan of Crypto, noted Bitcoin in the face of resistance at $ 81,000, suggesting a possible retest before the rise, while Michaël Van de Poppe remains optimistic as long as BTC holds above $ 80,000.
Minotaurus: a bright point in the web 3 game
In the midst of the uncertainty of the Bitcoin Prize, new projects such as Minotaurus (MTAUR) are gaining ground in the web game sector3. Minotaurus offers an interactive gaming experience based on strategy, with exclusive features and power-ups in MTAur token.
The project has aroused growing interest on the part of crypto and play communities, with influencers highlighting its potential. Its accent on long -term engagement thanks to structured acquisition programs makes it a significant Altcoin to monitor during this slowdown in the market.
Final reflections: looking towards the future: prudence with a glimmer of hope
The Coinbase report advises a defensive position for the next 4 to 6 weeks, citing macro challenges, but sees a potential floor for crypto prices by the middle of T2 2025. While Bitcoin sails in a possible cryptographic winter, its resilience and its accumulation of whales offer hope for a rebound. Altcoins like Minotaurus could also shine as the market evolves, making it a central moment for cryptographic space.
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