Bitcoin $BTC is sending a bearish signal that the market hasn't seen since 2022, while overall sentiment in traditional markets remains relatively stable. Against the backdrop of a cooling macro environment, the first cryptocurrency is showing weakness, prompting increasing discussions among analysts.
This concerns the dynamics of the 200-day moving average, which is deteriorating at the fastest pace since the last bear market. Analysts pointed out that historically such a collapse of momentum does not occur during healthy corrections but arises when markets are under real stress.
Meanwhile, the current situation is different from 2022. Back then, it was noted that everything was falling simultaneously. Stocks crashed, liquidity dried up, and appetite for risk vanished.
Now, however, #Nasdaq is slowing down but not crashing, and the stock market is behaving cautiously rather than capitulating. In fact, the market sees bearish weakness in Bitcoin, while broader risk sentiment is only moderately weakening.
According to experts, this means two things: the weakness of Bitcoin is real and should not be ignored, but at the same time, it arises without significant consequences for the crypto market as a whole.
