Bitcoin has been trading between $81,000 and $86,000 over the past week, showing signs of indecision in the market. While some indicators suggest a bearish outlook, recent data hints that the bull run might still be alive.
Bitcoin Investors Are Feeling the Pressure – But Not Panicking Yet
Blockchain analytics firm Glassnode reports that short-term Bitcoin holders (STH) are experiencing growing losses. This group of investors tends to react quickly to price drops, so their behavior often signals market trends.
Unrealized Losses Are Rising: These investors are holding Bitcoin at a loss but haven’t sold yet. Current Losses Still Fit a Bull Market Pattern: While STHs are under pressure, the losses are nowhere near the panic levels seen in past bear markets.
Key Comparisons:
- Current STH realized losses: $7 billion (largest in this cycle)
- May 2021 market crash losses: $19.8 billion
- 2022 bear market losses: $20.7 billion
Since past bear markets saw much larger sell-offs, there’s a chance the Bitcoin rally isn’t over yet.
Bitcoin Price Update: Choppy But Holding Strong
As of now, Bitcoin is trading at around $84,300, up 0.3% in the past 24 hours.
Over the past week, BTC is down just 0.6%, showing that the market is still in a consolidation phase.
If Bitcoin holds above this range and demand picks up, we could see another leg up in the bull market. But if losses deepen, selling pressure could increase.
What’s next for Bitcoin? Will bulls regain control, or is a bigger correction coming? Let us know your thoughts! 
The post Bitcoin Price Stuck in a Tight Range, But the Bull Run May Not Be Over Yet appeared first on The Cryptoplay : All updates about Cryptocurrency worldwide.
