Инвесторы в ожидании: Возможна ли криптозима при падении биткоина? Translation: Investors on Alert: Is a Crypto Winter Possible Amid Bitcoins Decline?

Negative sentiment dominates the crypto market, stated CryptoQuant CEO Ki Young Ju. The expert emphasized that without an influx of macroeconomic liquidity, the industry risks entering a prolonged decline.

He noted that most of Bitcoin’s on-chain indicators point to a bearish scenario. The analyst supported his position with a chart of metrics, which reveal weakness in key areas.

Moreover, the chart indicates issues with the demand growth for the leading cryptocurrency and a decline in the profit margins of on-chain traders. Technical signals further confirm the overall market weakness.

Adam Chu, chief researcher at Greeks.live, commented to Decrypt on the market’s vulnerability. He mentioned that traders maintain a bearish outlook, while digital assets face significant resistance when attempting to rise.

At the time of writing, Bitcoin is trading around $93,100. The asset has gained 0.3% in the last 24 hours and 2% over the past week.

Ryan Li, chief analyst at Bitget, believes that a short squeeze is the more likely scenario.

«The institutional inflow remains steady, regulatory signals are becoming constructive, and sentiments are gradually shifting towards risk acceptance,» emphasized the expert.

Sharp shifts in the crypto community’s sentiment—from fear to greed—perfectly mirror the historical price movements of the leading cryptocurrency. This conclusion was reached by analysts at Santiment.

The experts examined data from platforms such as X, Reddit, Telegram, 4Chan, BitcoinTalk, and Farcaster, confirming the notion that the market often moves in the opposite direction of the crowd’s expectations.

According to Santiment, the recent surge in Bitcoin has once again pushed retail investors into a state of greed. If the rally abruptly halts, the euphoria could quickly fade.

It’s worth noting that in December, traders assessed the probability of a «crypto winter» at 7%.