Bitcoin price prediction shifted toward a bottoming debate after on-chain data showed rising investor capitulation. CryptoQuant analyst Darkfost said spent Bitcoin outputs moved deeper into loss territory on Saturday.
The signal appeared as BTC crypto traders assessed weak momentum and renewed selling pressure. The move followed a broad correction that pushed risk appetite lower across digital assets.
This Bitcoin price prediction focused on unspent transaction output data, not short-term sentiment alone. The metric tracked coins spent in profit against coins spent at a loss.
Darkfost said that ratio fell to its lowest level of the current bear cycle. That reading suggested sellers realized losses at a scale often seen near late-stage downturns.
CryptoQuant data showed investors sold more coins at a loss than earlier in the correction. Darkfost said the move reflected the start of wider capitulation among market participants.
Bitcoin UTXO block P/L count ratio model. Source: CryptoQuant
That reading mattered because Bitcoin often formed bases after forced selling exhausted weak hands. However, the analyst warned that such phases usually took time to develop.
The last similar downturn appeared in mid-2023, when Bitcoin traded around $26,000. That phase later attracted long-term buyers, but it did not mark instant recovery.
DurdenBTC said the same bottom signal had tracked every cycle low since 2016. He added that the setup could still feel uncomfortable before any stronger reaction.
Swissblock said Bitcoin had likely moved past the first breakdown phase. The analytics firm said the market still needed base formation before momentum improved.
That view kept the Bitcoin price prediction cautious rather than outright bullish. Stabilization alone did not confirm a trend reversal while impulse readings stayed weak.
BTC crypto price action stayed fragile after a weekend dip to $59,800. Buyers later pushed the asset back toward $60,100, but momentum remained limited.
The move followed renewed geopolitical pressure after U.S. military strikes hit Iranian targets. Central Command said the strikes responded to an Iranian drone attack on a commercial ship.
That event affected market risk because the Strait of Hormuz remained a sensitive energy route. Traders often reduced crypto exposure when oil and geopolitical risks rose together.
Crypto Rover said Bitcoin approached its third straight red quarterly close. He said that pattern had appeared before prior bottoming phases in earlier market cycles.
The historical comparison supported the bottom thesis, but it did not remove near-term risk. Weak quarterly structure still showed that sellers controlled the broader trend.
Daan Crypto Trades said the Fear and Greed Index stayed near extreme fear for weeks. He argued the metric now lagged price more than it predicted reversals.
That comment challenged simple buy signals based only on sentiment. It also supported a slower Bitcoin price prediction based on market structure.
Super฿ro said Bitcoin failed to break cleanly below its Q1 low. He pointed to lower wicks and limited follow-through as early signs of seller exhaustion.
The trader also said the four-hour chart broke from a descending broadening wedge. His chart placed the next rebound target near $64K before the quarter closed.
Source: X
Bitfinex whale positioning offered another mixed signal for BTC crypto traders. CW said large long positions declined slightly, yet stayed near a steady range.
That behavior suggested larger traders had not fully abandoned directional exposure. Still, he said those accounts tended to reduce longs during rallies.
Whale Factor cited Jeremy Grantham’s renewed criticism of Bitcoin as another sentiment marker. The comment added to the contrarian debate, but it did not provide market data.
The stronger evidence came from realized losses, holder behavior, and support reactions. Those inputs gave traders clearer levels than broad legacy-finance criticism.
Long-term holder data also weakened as spent output profit ratio readings moved negative. Darkfost said that cohort started entering a capitulation phase during the correction.
Short-term holders appeared to drive the sharper exchange inflow pressure. That pattern often increased selling because newer buyers carried lower conviction.
The next Bitcoin price prediction depended on whether buyers defended the recent support zone. A close above the wedge target would improve the rebound case, while renewed exchange inflows would keep pressure on BTC crypto.
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