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Bitcoin Stuck Below $84K: What’s Holding It Back?

Bitcoin remains range-bound as economic uncertainty, trade wars, and weak demand stall its momentum.

• Main Points:

  • BTC trades between $78,599 and $84,000, struggling against resistance.

  • Trump’s trade policies add market uncertainty, reducing risk appetite.

  • Weak demand signals from Glassnode suggest cautious investor sentiment.

  • BTC perpetual futures funding rates near 0%, indicating indecisive traders.

  • BTC remains below key 200-day SMA and EMA resistance levels.

• Detailed Insights:

  • Bitcoin’s rally post-Trump election has weakened amid global economic concerns.

  • Short-term holder cost basis has dipped below long-term holders, signaling capital outflows.

  • Fed rate cuts could shift momentum, but BTC remains vulnerable to $70K pullbacks.

  • BTC must reclaim the 200-day SMA ($83,700) and EMA ($86,000) for a breakout.

  • Without new inflows, BTC may remain in consolidation, awaiting a market catalyst.

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Bitcoin Panic Selling Wipes Out $100M in 6 Weeks

Short-term Bitcoin holders have lost over $100 million as panic selling surges amid price fluctuations.

• Main Points:

  • BTC speculators (1–3 month holders) locked in losses exceeding $100M.

  • Selling pressure has intensified, risking further downside movement.

  • Market cap of recent buyers is now below their realized cap.

  • Net unrealized profit/loss (NUPL) at -0.19, worst in a year.

  • Analysts warn of a structural shift that could signal a deeper correction.

• Detailed Insights:

  • Many recent buyers capitulated as BTC dropped 30% from January highs.

  • BTC’s realized cap for 1–3 month holders has declined sharply in recent weeks.

  • On-chain data suggests increased fear-driven selling, fueling market volatility.

  • Large investors continue accumulating BTC around $80,000 despite short-term dips.

  • Unlike past bull market corrections, analysts see potential for extended downside.

XRP Eyes 46% Rally After Ripple Secures Dubai License

XRP could see a major breakout as Ripple gains regulatory approval in Dubai and nears a resolution with the SEC.

• Main Points:

  • XRP consolidating within a descending triangle, eyeing a breakout.

  • A move above $2.30 could push XRP to $3.40, a 46% gain.

  • Ripple secures first Middle East license, unlocking UAE’s $40B remittance market.

  • SEC case against Ripple may be nearing resolution.

  • Market sentiment turns bullish following Dubai approval.

• Detailed Insights:

  • XRP has been forming higher lows, testing key resistance at $2.30.

  • Analysts predict a rally if XRP surpasses $3.00, with $3.40 as the next target.

  • Ripple’s new UAE license positions it as a leader in regulated crypto payments.

  • Reports suggest the SEC may drop its case, shifting toward regulatory clarity.

  • XRP surged 6% after Ripple’s Dubai approval, reflecting market optimism.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results