Bitcoin News
By Maheen Hernandez
1 / 15
Bitcoin (BTC) may be headed for a deeper correction, as recent geopolitical tensions and technical signals suggest the market could reset further before any meaningful recovery.
2 / 15
At press time, Bitcoin hovered near $100,800, following reports of U.S. military action in Iran.
3 / 15
The sell-off began as Bitcoin lost critical support near $103,000, which activated a cluster of leveraged long positions.
4 / 15
While Bitcoin’s price is still within a typical bull market range, the speed and scale of liquidations suggest many traders were caught off guard by the geopolitical news.
5 / 15
Technical Indicators Hint at Deeper Correction
6 / 15
Market analysts are closely watching Glassnode’s MVRV (Market Value to Realized Value) Extreme Deviation Pricing Bands.
7 / 15
The last time this breakdown occurred was in February 2025, followed by a six-week-long decline that brought Bitcoin’s price closer to the mean band.
8 / 15
This mid-range correction aligns with patterns seen in previous bull markets. Temporary drawdowns of 20% to 30% are not unusual even in strong uptrends.
9 / 15
Despite the downside risks, not all indicators are bearish. The Stablecoin Supply Ratio (SSR), which compares stablecoin reserves to Bitcoin’s market cap, has been falling.
10 / 15
A lower SSR typically indicates growing buying power. However, it does not always translate into immediate price gains—especially during periods of heightened uncertainty.
11 / 15
At present, the SSR remains well above the extreme lows seen during major bottoms in March and April, meaning buyers may still be waiting for lower entry points.
12 / 15
Bitcoin’s Drawdown Still Small by Historical Standards
13 / 15
Bitcoin is currently down just 8.75% from its all-time high. In contrast, the previous correction in April saw a decline of over 24%.
14 / 15
This relatively small correction suggests more room for downside before investors start to see signs of capitulation or a meaningful bottom.
15 / 15
Bitcoin’s next few moves may be heavily influenced by both technical levels and macroeconomic developments.
The Currency Analytics
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