Bitcoin’s correction could be deepened before recovery, since only 9% of the loss supply

Bitcoin’s correction could be deepened before recovery, since only 9% of the loss supply

According to Glassnode, only about 9% of Bitcoin’s supply is in El Red, which takes up to 10% of unrealized losses.

Comparatively, the local fund of this cycle saw more than 25% of the supply of up to 23% losses, analysts said. BTC fell to around $ 75,000 on April 9 in a correction that reduced it 29% since its January peak.

In addition, global low markets have reached more than 50% of supply with up to 78% losses, Glassnode observed before adding: “This immersion remains relatively superficial.”

It is not the peak of this cycle

The depth of the correction from the peak of August 14, just over $ 124,000 is currently around 13.4% when the asset twice added $ 107,500 earlier this week. In the 2017 upward market, BTC fell 36% in September, and in 2021, it fell 24% this month before recovering in the fourth quarter.

However, those previous cycles did not have the massive purchase pressure of institutional investors such as ETF and BTC Treasury companies, so this correction could remain silenced.

The TED businessman’s pillows observed that recent correction mimics the landfills Q2, 2025 and Q3 2024 when the asset fell by 30%.

“I am not saying to happen again, but Bitcoin could go below $ 100,000.” “As I said before, this is not the upper part, but only a normal correction before a new ATH,” he added.

Meanwhile, the co -founder of MN Fund, Michaël Van de Poppe, said that the more we approach the Federal Reserve meeting of September 17, when there are 91%possibilities rates, less likely it is that this correction continues.

“Yes, we could have a deeper correction, and yes, I am buying that, but the more we approach the Fed meeting, less possibilities to give the correction to continue, especially if BTC goes through $ 112K.”

BTC begins to recover

Bitcoin will lead the markets on Wednesday morning in Asia, having taken advantage of $ 111,500, rising from an intradic minimum of $ 108,500 on Tuesday.

In addition to some spurious falls, the asset has been uploading since Monday and now needs to recover key resistance at $ 112,000. Not breaking above this level could lead to a fall to support $ 105,000 and a deeper correction.

BTC has raised the total market capitalization of 1.3% in the day to reach $ 3.93 billion at the time of writing.

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