📉 Bitcoin Pauses After Drop as On-Chain Data Signals Caution
Bitcoin is trading below $69K and struggling to break the $71K resistance, as the crypto market consolidates around $2.35T in total market cap. The recent rebound looks fragile after the sharp decline earlier this month.
🔍 Key market signals:
BTC consolidation seen as a bearish pause, not a confirmed bottom
Short-term BTC holders realized $2.3B in losses in 7 days (CryptoQuant)
On-chain data does not yet confirm a market bottom
BTC approaching historical undervaluation zone
🌍 Broader crypto updates:
Coinbase reported $667M Q4 net loss due to portfolio revaluation
Bitwise says RWA tokenization and DeFi adoption could drive recovery later
Bhutan sold another 100 BTC (~$6.8M), with ~5,600 BTC still held
Darknet activity is shifting toward Monero (XMR), per TRM Labs
🧠 Takeaway:
Market structure is stabilizing, but patience is needed. Volatility may rise before a clear bullish trend appears.