• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

PurpleBitcoin, Sleepcoin & Fartbook secured the bloodline while BTC maintains it!!!

2025-06-19

Elon Musk Quits DOGE—What’s Next for Tesla Stock?

2025-06-18

Terrorist Attack Coming To The US?

2025-06-17

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What Is Fully Diluted Valuation (FDV) in Crypto?

    2025-06-12

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    2025-06-09

    What Is Crypto Staking? How to Earn Crypto by Holding It

    2025-06-05

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    2025-06-05

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    2025-06-02
  • Videos

    PurpleBitcoin, Sleepcoin & Fartbook secured the bloodline while BTC maintains it!!!

    2025-06-19

    Elon Musk Quits DOGE—What’s Next for Tesla Stock?

    2025-06-18

    Terrorist Attack Coming To The US?

    2025-06-17

    These Could Light the Bitcoin Fuse (3 MAJOR EVENTS)

    2025-06-15

    Crypto’s Going MAINSTREAM… The Signs Are All Here!

    2025-06-15
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»Bitcoin»Gauging how much Bitcoin will shed before its next bull run
Bitcoin

Gauging how much Bitcoin will shed before its next bull run

2024-01-21No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

  • Bitcoin was down by more than 2.5% in the last seven days. 
  • Metrics suggested that selling pressure on BTC was high. 

Bitcoin [BTC] failed to register gains over the last few weeks as its value continued to drop. The price of the king coin, after touching $48,000 on the 11th of January, fell under the $42,000 mark at press time.

This price drop caused a major change in one of BTC’s key metrics.

Further price drop incoming?

Last week was not the best for Bitcoin, as its value plummeted by more than 2.5% in seven days. According to CoinMarketCap, at the time of writing, BTC was trading at $41,595.04 with a market capitalization of over $815 billion.

BTC’s trading volume also dropped, reflecting less interest from investors while trading the coin. Meanwhile, Bitcoin’s Fear and Greed Index turned natural, as it had a value of 52.

Bitcoin Fear and Greed Index is 52. Neutral
Current price: $41,713 pic.twitter.com/j8Wmxl3uH1

— Bitcoin Fear and Greed Index (@BitcoinFear) January 20, 2024

The Fear and Greed Index is a tool for gauging the general mood of the cryptocurrency market, using social signals and market patterns. Whenever the index reaches the greed zone, it suggests a price correction.

On the other hand, when the metric moves into the fear zone, it indicates that the possibility of a price uptick is high. Therefore, the above index shows that BTC’s price might plummet more before it starts a bull rally.

Another key metric suggested a similar outcome. Notably, AMBCrypto’s look at Glassnode’s data pointed out that Bitcoin’s Network Value to Transactions (NVT) Ratio registered a sharp uptick.

See also  Investor Who Called 2022 Crypto Bottom Says Beautiful Set Up Forming for Bitcoin (BTC)

For the uninitiated, a high NTC ratio generally hints that an asset is overvalued.


Source: Glassnode

Bitcoin investors should be cautious

A few more metrics also hinted at a possible price drop.  AMBCrypto’s analysis of CryptoQuant’s data revealed that BTC’s Exchange Reserve was increasing at press time.

Its net deposit on exchanges was also high compared to the last seven-day average.

This meant that selling pressure on the coin was high at the time of writing. Additionally, BTC’s aSORP was in the red, meaning that more investors were selling at a profit, which is by and large a bearish signal as it indicates a market top.


Read Bitcoin’s [BTC] Price Prediction 2024-25


Things on the derivatives front also did not look very favorable for BTC. For example, its taker buy/sell ratio was red, suggesting that selling sentiment was dominant in the market.

As per Coinglass, BTC’s Futures Open Interest also remained somewhat flat at the time of the report, possibly indicating a slow-moving market.


Source: Coinglass

Bitcoin Bull Gauging.. run shed
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

These Could Light the Bitcoin Fuse (3 MAJOR EVENTS)

2025-06-15

How and When Do I Take Bitcoin Profits? | Top Altcoins

2025-06-14

Why Bitcoin Core Is Bitcoin

2025-06-14

This Is Causing Major Bitcoin Price Suppression

2025-06-14
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Videos

Crypto News: BTC, ETH, Binance, Banks In Trouble, Altcoins & MORE!!

2023-11-27

Get The Hottest Crypto Deals https://www.coinbureau.com/deals/ Insider Info in our Socials …

Altcoins

Pepe Coin, Floki Inu Break Monthly Resistance with Whales’ Boost

2023-10-25

In the past two days, memecoins have seen a surge in buying activity, riding on…

Bitcoin

Can Bitcoin [BTC] capitalize on Ordinals’ latest achievement

2023-05-09

The increase in Ordinals fees caused a surge in miners’ revenue.  However, metrics for BTC…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

PurpleBitcoin, Sleepcoin & Fartbook secured the bloodline while BTC maintains it!!!

2025-06-19

Elon Musk Quits DOGE—What’s Next for Tesla Stock?

2025-06-18

Terrorist Attack Coming To The US?

2025-06-17

ZachXBT warns suspected ZKasino fraudster may be linked to new crypto venture WhiteRock

2025-06-16
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 105,042.14
ethereum
Ethereum (ETH) $ 2,541.85
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.16
bnb
BNB (BNB) $ 645.16
solana
Solana (SOL) $ 146.30
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.274246
dogecoin
Dogecoin (DOGE) $ 0.170472
staked-ether
Lido Staked Ether (STETH) $ 2,540.76
bitcoin
Bitcoin (BTC) $ 105,042.14
ethereum
Ethereum (ETH) $ 2,541.85
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.16
bnb
BNB (BNB) $ 645.16
solana
Solana (SOL) $ 146.30
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.274246
dogecoin
Dogecoin (DOGE) $ 0.170472
staked-ether
Lido Staked Ether (STETH) $ 2,540.76