Mars Finance reports that, according to market sources, Bitcoin has fallen to $74,000, with the 14-day RSI entering the oversold zone and momentum significantly weakening. Spot trading volume has rebounded somewhat but remains sluggish, indicating that the downtrend is still ongoing rather than a buying opportunity on dips. The spot market is seller-dominated, ETFs remain under pressure, the derivatives market shows clear deleveraging, on-chain activity is subdued, and the overall market has entered a risk-averse mode. Short-term stabilization may depend on the easing of selling pressure and a rebound in demand.
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Data: Short-term stabilization of Bitcoin may depend on the easing of selling pressure and a rebound in demand
Mars Finance reports that, according to market sources, Bitcoin has fallen to $74,000, with the 14-day RSI entering the oversold zone and momentum significantly weakening. Spot trading volume has rebounded somewhat but remains sluggish, indicating that the downtrend is still ongoing rather than a buying opportunity on dips. The spot market is seller-dominated, ETFs remain under pressure, the derivatives market shows clear deleveraging, on-chain activity is subdued, and the overall market has entered a risk-averse mode. Short-term stabilization may depend on the easing of selling pressure and a rebound in demand.