Bitcoin (BTC) was down 3.4% in the last 24 hours, and $104.38 million in liquidations. Among these, $91.66 million Positions were long and forced to close as BTC dipped to the bottom $60k.
In a post on X, influencer CryptoRover shared a piece of technology. The price chart shows the descending triangle that Bitcoin formed 2021-2022and RSI created a similar system.
The same pattern was repeated inside 2025-2026. It is possible that, as in the past, the bottom of the market may need time to form before it crosses the triangle pattern.
If the previous cycle is repeated, a bullish trend may begin Q4 2026. We must remember that, as things stand, the whale accumulates it was happening but it wasn’t fast enough to change the market.
Will it be easy for Bitcoin investors?
Crypto expert Axel Adler Jr. he saw that Bitcoin long time holder MVRV has been compressed to 1.24. The metric is an estimate of the market value of the coins for long-term owners, compared to their purchase price.
Current reading of 1.24 It is the lowest in three years and indicates the market is approaching a new low. The MVRV must fall into the “Very Low” green capitulation zone to warrant a ground clearance.
In addition, the average price of long-term holders is at $48.4k. A price drop below this level will put this group under water, on average, with a signal drop from the strongest.
Bitcoin is doing well with 4 years
The founder and CEO of Into The CryptoVerse, Benjamin Cohen, used it 200-week moving average to prove that 4-years the cycle was on its way.
The Junes of 2022 and 2026 saw this break down, establishing a remarkable balance along all lines.
The increase in long/short means that many traders are going long in the market taken from stocks that were short. “The long exposure is one of the main reasons for the recent sales,” wrote Alphractal CEO Joao Wedson.
It meant that, like the wave of long-term closures in the first week of June, another long squeeze could begin in the coming days and weeks.
Brief Summary
- The price of Bitcoin has broken the 200-week moving average and may go lower in the coming months.
- The market was close to historical lows, compared to previous events, but not there yet.
