Bitcoin’s Suffering: When Will the Pain End? 😭💸

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Lo! Behold the noble coin of the digital realm, Bitcoin, now found in a state of prolonged agony, its value faltering beneath the weight of market burdens. Like a weary traveler, it struggles to reclaim the heights of yore, yet the path remains shrouded in uncertainty. The bulls, valiant in their defense, find themselves besieged by the unyielding walls of resistance, their efforts met with the cold indifference of a market steeped in doubt.

According to the sagacious Axel Adler, the on-chain data reveals a tale of woe, not merely confined to the price but echoing through the very soul of the market. The STH SOPR and P/L Block, those harbingers of despair, whisper of losses realized and sentiments eroded, as if the very fabric of confidence has been torn asunder.

These metrics, akin to the whispers of a troubled heart, unveil the plight of short-term holders, whose fragile resolve is tested by the tempest of price swings and macroeconomic tempests. Together, they paint a portrait of fragility, where the once-bold now tread cautiously, their steps hesitant and their hopes dimmed.

The STH SOPR and P/L Block: Harbingers of Market Despair

Adler, with the wisdom of the ancients, explains that the STH SOPR, a measure of the souls of short-term holders, reveals whether their coins are sold in profit or loss. When this ratio falls below one, it signals a dire omen: recent buyers, like defeated warriors, are forced to relinquish their treasures at a loss, their spirits broken by the weight of adversity.

Currently, the 7-day average of STH SOPR languishes in the red, a mere 0.99, a testament to the collective anguish of those who hold the coin for less than 155 days. They sell, not with the grace of a victor, but with the desperation of a man fleeing a burning house, their hearts heavy with the knowledge of their losses.

Historically, such conditions have marked the twilight of capitulation, when the market’s weakest souls flee, leaving behind only the resilient. Until the STH SOPR dares to rise above one, the short-term holders remain in a state of perpetual stress, their fates intertwined with the whims of the market.

Adler, ever the sage, notes that a true revival would require a sustained ascent above one, a sign that the sellers have exhausted their supply and the buyers, like benevolent gods, now absorb the deluge of sell-side pressure.

Complementing this dire forecast, the P/L Block, that arbiter of profit and loss, now casts a shadow of gloom, its red hue a stark reminder of the losses that have befallen the market. With a score of minus three, it proclaims a state of pronounced stress, a lament for the days when gains were plentiful and losses but a distant memory.

With Bitcoin’s descent of 30% from its zenith and 30-day returns a bitter pill, both indicators align, a chorus of despair that echoes through the halls of the market. The short-term holders, once bold, now find themselves in a state of abject capitulation, their resolve tested by the relentless tide of adversity.

Bitcoin Price Analysis: The Weekly Structure Remains a Crucial Crossroads

The weekly chart, that chronicler of events, reveals Bitcoin trading around the $89,900 level, having been rebuffed by the lofty heights of $120,000-$125,000. The price, like a faltering steed, has retraced with vigor but now seeks to stabilize above the rising 200-week moving average, a beacon of long-term trend validity. So far, this area acts as a shield, suggesting that the buyers, though few, defend the higher-cycle structure amidst the tempest of weakness.

Yet, Bitcoin remains below the 50-week moving average, a downward-sloping line that speaks of lost momentum. This configuration, a testament to the market’s current state, confirms that the realm of correction persists, rather than the dawn of a new uptrend.

The 100-week moving average, that steadfast guardian, continues its ascent well below the price, a reminder of the excesses of the prior rally. The volume, like a hesitant traveler, has waned during the recent consolidation, signaling indecision rather than the fervor of accumulation. This often precedes a storm of volatility, a harbinger of tumultuous times ahead.

From a structural standpoint, the defense of the $85,000-$88,000 zone is critical. A sustained breach below the 200-week MA would increase the likelihood of a deeper retracement toward the $75,000-$80,000 region, a descent into the abyss. Conversely, reclaiming the 50-week MA near $95,000 would be an early signal that the tide of downside pressure is waning. Until then, Bitcoin remains a prisoner of its own making, its fate a riddle yet to be solved.

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2025-12-15 21:22