As of April 11, 2025, 4:40 PM
While Bitcoin continues a slight adjustment in the early $80,000 range, market sentiment is becoming more cautious due to a sharp decline in trading Volume and cooling investment sentiment. Market direction continues to be explored after volatility expansion.
๐ Price Right Now
Price $80,893 (0.28%โ) Bitcoin is trading at $80,893, down 0.28% from the previous day. High point burden continues, showing a slight adjustment trend. However, the decline is limited, and the market maintains a wait-and-see attitude.
Volume $4.463 billion (40.64%โ) Trading Volume for the past 24 hours has decreased by 41% to $2.679 billion. The sharp decline in Volume suggests weakening upward momentum, with a wait-and-see sentiment prevailing.
Daily Fluctuation Rate 1.85% Bitcoin is up 1.85% today. It closed down 3.69% yesterday and up 8.13% the day before. While rebound attempts continue amid expanded short-term volatility, a clear direction remains limited.
Asset Comparison S&P500 โ ยท Gold โ The U.S. S&P500 index, highly correlated with Bitcoin, recorded 5,268.05, down 3.46% (โ188.85). Gold, a safe-haven asset, rose 1.61% (51.1) to 3,228.60. Risk asset sentiment has contracted, with a clear preference for gold as a safe asset.
Mayer Multiple 0.9138 The Mayer Multiple dropped from 0.9495 to 0.9138, indicating Bitcoin is below the 200-day moving average ($87,074). Remaining below 1 suggests potential entry into an undervalued zone.
MACD -133.76 The Moving Average Convergence Divergence (MACD) is -133.76 on a daily basis and -3,135.96 weekly. Currently in the negative zone, the weak trend continues. Downward pressure persists, but additional downward momentum has slowed.
๐งญ Market Now
Active Addresses 767,623 Bitcoin active addresses increased from 726,029 the previous day. On-chain activity is rising, with investor participation recovering.
SSR 13.46 The Stablecoin Supply Ratio slightly decreased from 13.93 to 13.46 but remains in a low waiting funds zone. Rebound energy may remain weak until waiting funds accumulate.
OBV 16.06k On-Balance Volume dropped from 16.28k to 16.06k. Direction matters more than absolute value; increase suggests strengthening buying pressure, decrease indicates selling pressure. Currently, buying momentum is weakening and capital inflow is slowing.
NUPL 44.92% Net Unrealized Profit/Loss dropped from 46.95% to 44.92%. The proportion of investors in profit state is decreasing, showing market sentiment contraction.
MVRV 1.56 Market Value to Realized Value decreased from 1.7 to 1.56. Total market value is 56% higher than average purchase price, remaining in a profit-taking zone. Generally, MVRV below 1 indicates loss, above 3 indicates overheating.
โค๏ธ Investment Sentiment Now
Dominance 62.4% Bitcoin's market cap proportion increased 1.40 percentage points to 62.4%. Bitcoin-centric supply concentration is strengthening.
Fear & Greed Index 21 (Fear) CoinMarketCap's Fear & Greed Index dropped from 25 to 21, maintaining a fear phase.
Google Trend Score 53 Bitcoin search volume decreased from 61 to 53. Public interest is cooling down.
Exchange Balance 2,190,716 BTC ($17.721 billion) Exchange Bitcoin holdings increased 0.01% day-on-day and 0.17% week-on-week. Waiting sell quantities slightly increased, thickening wait-and-see sentiment.
Wallet Deposits/Withdrawals +1.09K BTC 1.09K BTC moved to external wallets. Previous day saw 3.57K BTC entering exchanges. Holding sentiment is improving, showing signs of selling pressure easing.
๐ค Today's Commentary
Analysis "Economic Recession Concerns Suggest Short-term BTC Weakness"
With economic recession concerns spreading, analysis suggests BTC may show short-term weakness. 10x Research CEO Marcus Thilen explained, "Credit spread expansion in bond markets is spreading recession concerns. While BTC could strengthen if the Fed cuts rates during a prolonged recession, it may face downward pressure in the short term."
[This article does not provide financial advice, and investment results are the sole responsibility of the investor.]
For real-time news...Go to TokenPost Telegram
<Copyright โ TokenPost, Unauthorized Reproduction and Redistribution Prohibited>
