The crypto market is currently showing signs of instability, with the 100-day MVRV indicator signaling a potential for significant change. Historical analysis shows that when the MVRV reaches a value of 3, the market tends to be at a top. Currently, the MVRV is at 2.14, indicating that Bitcoin may be preparing to reach a top in the coming months.

While the crypto market is generally under pressure, this indicator provides hope for Bitcoin investors. With the potential for price increases, Bitcoin could be an attractive option amidst market uncertainty.

Bitcoin futures markets are showing signs of stabilization based on four key metrics:

- **Funding Rates**: The funding rate at 0.007 indicates a reduction in extreme volatility, signaling market stabilization.

- **Taker Buy/Sell Ratio**: This ratio indicates a relatively balanced market, although longs are slightly dominant.

- **Open Interest**: Open interest spiked after the Trump news, but dropped 3.58% in the last 24 hours, indicating a cooling market.

- **Liquidations**: Excessive long positions were liquidated, reaching $184,515,933, indicating there is no “easy money” in the market.

While the market appears to be stabilizing, further developments will depend on the evolution of these metrics.

Binance stablecoin flows show a worrying trend reversal. After recording $13 billion in inflows on December 5, stablecoin outflows are now dominating, suggesting that investors may be securing capital or locking in profits.

Binance’s stablecoin (ERC-20) reserves have been steadily declining since mid-December, confirming this outflow trend. The decline in stablecoin inflows signals a weakening of buying pressure, while outflows indicate a more significant market shift, with investors turning cautious.

However, amidst this uncertainty, optimism about Bitcoin remains, given its strong long-term potential.

Net Taker Volume on Binance showed a sharp increase in selling pressure today, reaching -$325 million, the highest in 2025. The ISM PMI and JOLTs Job Openings data released showed unfavorable results for risk assets, triggering fears in the market.

Monitoring these indicators, along with others, will be important to determine whether fear is starting to dominate the market in the long term or is just a temporary thing.

However, amidst this uncertainty, Bitcoin remains a bright spot with promising long-term potential, providing hope for investors seeking stability amid market turmoil.

The crypto market is currently showing significant volatility, with an increase in Bitcoin inflows to exchanges from the short-term age group. This shows that active traders are trying to take advantage of price movements, despite the sluggish market. This phenomenon often reflects panic selling and increasing selling pressure.

Meanwhile, inflows from the long-term age group, such as HODLers, can signal a major shift in the market. When long-term investors start selling, this often happens at market peaks or after a prolonged downtrend.

Although the market looks negative, this data shows the potential for significant changes, giving hope to BTC investors.

The crypto market is currently showing significant volatility, with selling pressure often occurring when Binance Netflow SMA14 enters positive territory. However, recent data shows a promising change in direction.

- Binance Netflow data for the last 90 days shows a figure of -5,407, while SMA14 is at -483.
- This negative figure indicates that investors tend to accumulate, which could drive Bitcoin prices higher in the short term.
- Although the market is still generally volatile, this signal gives Bitcoin supporters hope for positive movement ahead.

US investors are showing strong interest in Bitcoin again after the approval of the Bitcoin Spot ETF. The Coinbase Premium Indicator (CPI) recorded its first positive value in 2025, signaling a significant change in the crypto market.

At 18:04 local time, there was an outflow of 4,012 Bitcoin from Coinbase, indicating strong buying pressure from US investors. Although the crypto market is generally volatile, optimism towards Bitcoin remains high.

This data shows that the behavior of US investors is a leading indicator in determining the current crypto market trend, with Bitcoin surpassing $102K.

The market is currently showing signs of cooling down, with participants waiting for the next leg up. Although most on-chain indicators remain at relatively low levels, they are poised for a potential recovery. Key metrics such as Market Value to Realized Value (MVRV) are at 2,358, adjusted Spent Output Profit Ratio (aSOPR) is at 1.02, and Net Unrealized Profit/Loss (NUPL) is recorded at 0.58.

The recent market correction has not deterred short-term holders (STH) from continuing to enter the market. This influx of new investors could signal growing confidence in the potential for future price increases, suggesting that the market may be on the verge of a significant recovery.

The crypto market is currently showing signs of instability, with many digital assets experiencing selling pressure. However, Bitcoin remains a bright spot amidst this uncertainty. The Coinbase Premium Index for Bitcoin is now at breakeven, indicating that interest from institutional and US investors is starting to recover.

- This positive sentiment could be an early sign of a Bitcoin revival, even though the overall market is still struggling.
- Investors are expected to remain wary of market fluctuations, but optimism about Bitcoin could be a major driver of future price movements.

The MVRV indicator has proven to be effective in identifying market tops and bottoms across all crypto market cycles. This indicator is essential for determining when to exit the market and avoid getting stuck in a prolonged bear market phase.

Typically, a market top is reached when the MVRV value exceeds 3 to 4. To exit safely, it is recommended to start selling gradually when the MVRV value reaches 3.

Currently, the indicator is at 2.4, indicating that there is still potential for price increases to reach the target. At this point, selling can be initiated with the Dollar-Cost Averaging (DCA) strategy.

Monitor this value consistently to make the right decision.

The crypto market is currently showing a shift in Bitcoin supply from long-term holders (LTHs) to short-term holders (STHs). This phenomenon often signals a local market top or even a cycle top, depending on the stage and broader market conditions.

Demand from STHs continues to support Bitcoin price, despite significant selling pressure from LTHs. STH realized price analysis shows several key support and resistance levels, with the highest realized price reaching $99k.

The neutral STH SOPR ratio at 1 indicates that selling BTC is no longer profitable for STHs. A decrease in this ratio could hinder a bullish recovery in the near term, and a period of consolidation or deeper correction is likely.

A drop in Bitcoin (BTC) miner sentiment often signals a potential bottom in BTC. Data shows that when miner sentiment turns negative, BTC tends to see a significant recovery.

- Mid-2017 & Late 2018: Negative sentiment zones trigger price recovery moves.
- March 2020: After a sharp drop due to the pandemic, sentiment remains negative while price recovers quickly.
- 2023 & 2024: Sentiment volatility increases, indicating high market fluctuations driven by miner behavior.

Investors can identify buying opportunities by closely monitoring miner sentiment data.

The crypto market is facing negative pressure, but Bitcoin shows bright potential. MicroStrategy, led by Michael Saylor, has purchased 178,704 Bitcoins in 2024 worth more than $15 billion, without selling a single one. This move reflects strong confidence in Bitcoin's long-term strategy.

The major purchases occurred in the fourth quarter, with more than 150,000 Bitcoins purchased, about 83.9% of the annual total. This helped to withstand selling pressure from long-term investors, keeping Bitcoin's price stable near the psychological level of $100,000.

MicroStrategy's strategy has begun to influence other institutions, including the central banks of Norway and Switzerland, which invest indirectly through MicroStrategy.

Coinbase premium indicator shows its lowest value since January 2023, reflecting the extremely gloomy US investor sentiment. In previous bullish phases, when premium turned negative, there was often a rebound and the uptrend continued. This shows that when US investor sentiment was most pessimistic, heavy buying pressure entered the market, pushing the price up.

From a technical analysis perspective, the $90k level is considered a key psychological support and an important benchmark for maintaining upward momentum. This level could become a battleground between bullish and bearish sentiment, potentially triggering complex price movements such as Stop-Hunting, which could be a strong buying opportunity.

Two scenarios are possible. On the upside, a bounce is possible if the Coinbase and short-term SOPR indicators are negative while the upward momentum remains above $90k. On the downside, after a sharp decline, a sideways consolidation could delay further upside.

Looking at the on-chain and fundamental picture, the bull market in this cycle is likely not over yet. It may only be a matter of time for further upside. Therefore, long-term investors may consider continuing to buy and hold.

The Coinbase Premium Index dropped to -0.237, the lowest in the last 12 months, indicating market uncertainty ahead of the US election. The decline reflects increasing selling pressure and lack of institutional demand, indicating a cautious sentiment among US investors.

However, there is hope for Bitcoin. BTC's price dropping to $91,500 in a low-liquidity market suggests a potential recovery if macroeconomic conditions improve or interest from institutional and retail buyers increases. These changes could be a catalyst for a short-term recovery in Bitcoin's price.

The BTC/USDT trading volume has dropped sharply in the past week, both on the spot and futures markets, especially on Binance, the world's largest crypto exchange.

The decline in trading volume on centralized exchanges has left the market vulnerable. With declining demand and lower purchasing power, Bitcoin's ability to offset short positions and suppress selling pressure is much weaker than in previous weeks.

In the current market conditions, it is advisable to be cautious and avoid impulsive decisions. Small changes in buying or selling pressure can cause significant volatility in the Bitcoin market.

The crypto market is currently showing a worrying trend with a surge in stablecoin inflows to exchanges. This condition is reminiscent of the 2021 bull market, where stablecoins were used as the base currency to buy crypto.

While the market situation looks gloomy, there is a glimmer of hope for Bitcoin. The increasing stablecoin inflows can be interpreted as a standby fund for future crypto purchases, which could potentially drive Bitcoin's price up.

Analysts advise to remain vigilant about market volatility, but optimism for BTC remains, given its position as a leading digital asset.

Bitfinex’s 30MA reserves have surpassed 230 million, reminiscent of the levels of January 6, 2021. Will the market follow a similar pattern early next year? Meanwhile, Binance’s funding rate has dropped into negative territory, indicating a potentially favorable environment.

Will we see another bubble-like surge like the ones that have happened in the past? Although the market looks gloomy, there is hope that Bitcoin can show strength again. It is important to continue to monitor these developments closely, as market dynamics can change quickly.

The sharp drop in Bitcoin inflows to exchanges in recent weeks has reached around 30,000 daily deposits, near the lowest level since 2016. For comparison, the 10-year average is around 90,000, and the peak of this cycle was 125,000 when BTC hit the “bullish” $66,000 mark.

The reduction in BTC sending to exchanges indicates a tendency for users to hold coins in personal wallets rather than sell. The last time deposits were this low was at the beginning of Bitcoin’s big surge.

The Netflow-to-Reserve ratio shows a dominance of outflows, indicating that Bitcoin is leaving exchanges. This signal could pave the way for a stronger price movement in the future.

Following Trump’s victory on November 5, Bitcoin prices surged past $100,000, supported by an increase in the Coinbase Premium Index. This index measures the price difference between Coinbase Pro (USD pair) and Binance (USDT pair), indicating strong demand from US investors.

However, since December 7, the Coinbase Premium Index has been declining, along with Bitcoin prices dropping below $94,000. This decline is likely due to seasonal factors such as the Christmas holiday, when trading activity tends to slow down, as well as liquidity challenges in the market. Reduced market participation during the holiday season, coupled with limited cash flow, likely contributed to this price decline.

Nevertheless, optimism towards BTC remains, with the potential for a post-holiday recovery.