Bitcoin's Rising Short-Term Supply Turns Bearish as Capitulation Signals Build
- Market Sentiment Weakens: Current Bitcoin market indicators reveal emotional exhaustion and declining demand, with rising short-term holder supply reflecting a dominance of trapped buyers, which pressures prices rather than supports them.
- Loss Realization Intensifies: The Net Realized Profit and Loss chart shows consistent loss realizations since the October liquidation event, indicating an ongoing emotional washout where weak holders progressively exit, increasing the likelihood of further downside.
- Exchange Reserves Tighten: Bitcoin balances on exchanges have dropped to multi-year lows, which, while typically a bullish signal, in this context highlights a lack of market liquidity as long-term holders remain unwilling to sell, creating a demand vacuum.
- Structural Bearish Signals: The combination of rising short-term supply and falling prices suggests Bitcoin is not yet positioned for a sustainable upside, indicating the market may require a final liquidity event to flush out remaining weak hands.
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Technical Analysis for WAVES
Technical Sentiment Analysis for Waves (WAVES) As of , Waves (WAVES) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for WAVES stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, WAVES is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Waves (WAVES) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.214 | 0.324 | 0.433 | 0.543 | 0.652 | 0.762 | 0.87 |
| Fibonacci | 0.324 | 0.408 | 0.459 | 0.543 | 0.627 | 0.678 | 0.762 |
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