Bitcoin (BTC) was showing a difference between the spot and the derivatives markets. AMBCrypto reported that the critical demand for the metric was negative in 2026.
The Coinbase Premium Index was also in the red in recent weeks, indicating a lack of interest in the sector players. At this point, a significant increase in leverage was seen, leaving the market at risk of liquidation.
Now a bear it has not yet reached the low point of the previous one. The exit of Stablecoin from the exchange was another sign of security installation from crypto market participants.
This lack of importance was a warning, but it also left a potential high in the short term. This is what the price and long-term dynamics are saying about the potential Bitcoin cost reduction.
Long-term bullish pressure is dominating BTC, as in February
The bearish trend saw a continuation sign as the February low was broken in the last week of June. After installing the new low on $57,800Bitcoin has soared.
From a technical point of view, this jump can be extended up to $73.2k-$77.5k in this area, the golden bag in the Fibonacci retracement stages.
The Bitcoin Realized Pressure Model metrics compare buying and selling pressure from short-term holders to current BTC prices. Crypto expert Axel Adler Jr. he used this metal to show that, at the moment, the pressure to sell was suppressed, and the buyers are lucky, pointing to the accumulation phase.
In February, the purchase pressure average score was 61%compared to the average sales score 22%. When BTC met, things changed. In May, the pressure to sell was 43%compared to the purchase of 11%.
In June and July, the long-term pressure on owners was greater, and 37%-46%when the sale was forced to 16%.
Until these numbers increase, a jump like the one that started in February may be possible.
This metric separates the different categories of short-term consumer prices. The cost of the 1-week-one-month group was at $61.6kwhere the purchase price of the 3-6-month group was available $74.9k.
New buyers are getting a profit, but large groups (1 to 6 months) were underwater all around. 15%.
It is possible that the group will wait for a further drop in prices or even more $70k before they start selling more. In such cases, the long-term rally may also be met with heavy selling.
The analyst concluded that the current market price was in the area of accumulation with “low risk”. Refund of $71k the level can be a clear confirmation of a bullish pivot.
Brief Summary
- Derivatives grew, and the lack of broad, long-term accumulation strategies was a threat to long-term recovery.
- A short-term surge could push prices to $70k, a well-known crypto expert warned.
