Bitcoin price has fallen below important moving averages, and the market has entered an adjustment phase.

According to CryptoQuant data, the price of Bitcoin (BTC) has recently fallen below the 50-day moving average and the 200-day moving average, forming a significant moving average price gap. This indicates a correction or 'repricing' phase following the previous bullish trend. Additionally, CryptoQuant's Price Z-Score currently stands at **-1.6**, which means the Bitcoin price is below the statistical mean, usually signaling increased selling pressure and weakened trend momentum. From historical data, similar ranges typically correspond to longer-term bottoming processes rather than quick rebounds.

In the derivatives market, crypto analyst Darkfost pointed out that the seller-dominated pattern is gradually strengthening. He analyzed that last Sunday, the monthly net active trading volume (Net Taker Volume) turned significantly negative to **-272 million USD**, and the active buy-sell ratio on the Binance platform fell below 1, indicating a clear increase in market selling pressure. Currently, futures trading volume remains significantly higher than spot inflows, and the market needs stronger spot buying to trigger a rebound.

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