- Bitcoin faces a potential 7% drop toward $72,000 as bearish momentum strengthens on higher time frames.
- Net BTC inflows to Binance have tripled in under two weeks, signaling rising sell pressure.
- Bitcoin’s apparent demand has fallen to its weakest level since December 2025, raising risks of deeper losses.
Bitcoin (BTC) has retreated 6.5% from its recent peak above $82,000, pressured by a weakening technical structure and rising sell signals. Analysts now warn the dominant cryptocurrency risks a deeper correction.
According to analyst CryptoJelleNL, “The local market structure is back to bearish,” after BTC lost key moving averages. The rejection at the $82,000 level coincided with the upper trend line of a critical chart pattern.
Consequently, price action suggests a possible 13% drop toward the channel’s lower boundary near $72,000. Meanwhile, the relative strength index has declined sharply from near overbought conditions, indicating growing downward momentum.
Trader Anup Dhungana noted that losing the current support area “could send $BTC swiftly back toward the $70K region.” MN Capital founder Michael van de Poppe identified $75,000-$76,000 as a crucial support zone, with a breach potentially leading to a test of $71,400.
However, van de Poppe suggested a break above $80,000 is possible “if there’s going to be a peace deal in the Middle East.” The $76,000 level remains a critical watchpoint for traders.
Meanwhile, on-chain data reveals significant headwinds. Private wealth manager Swissblock reported Bitcoin’s Risk Index has re-entered “high-risk” territory, confirming that selling pressure is not being fully absorbed.
This aligns with exchange flow data showing sustained net BTC inflows to Binance for nearly ten consecutive days. CryptoQuant analyst Darkfost stated such consistent inflows are “traditionally interpreted as a potential sell signal,” often indicating profit-taking or defensive repositioning.
Concurrently, Bitcoin’s apparent demand has plummeted to around -147,000 BTC, its most negative reading since December 2025. Darkfost warned that “without a meaningful recovery in spot demand, it becomes difficult to imagine Bitcoin sustaining a durable rally.”
The last time demand metrics were this weak preceded a 33% price drop to multi-year lows below $60,000 in February. Consequently, weakening demand and consistent exchange inflows raise the risk of prolonged consolidation or further declines.
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