TL;DR
- Some metrics sign that the BTC could also be overheated and due for a short-term correction.
- Among the many bearish alerts is the latest conduct of the miners, who’ve offered over 3,000 BTC in lower than every week.
Can the Bears Regain Management?
Bitcoin (BTC) took heart stage as we speak (July 14), with its worth reaching a historic peak of over $123,000. Its market capitalization exceeded $2.4 trillion, thus flipping Amazon and turning into the fifth-largest asset on this planet.
The rally has undoubtedly infused an enormous enthusiasm throughout the crypto neighborhood, and lots of count on the bull run to proceed within the following days and weeks. Nonetheless, traders must also be cautious, as there are some vital components suggesting that BTC might reverse its trajectory quickly.
One such ingredient is the Relative Power Index (RSI), which has entered bearish territory at round 75. This signifies the valuation has risen too rapidly over a brief interval and will be poised for a correction.
Subsequent on the checklist is BTC’s change netflow. The graph under reveals that within the final 4 days, inflows have surpassed outflows, which normally results in elevated promoting strain.
We now shift consideration towards BTC’s Worry and Greed Index, which has remained in Greed or Excessive Greed territory because the finish of June.
This displays rising optimism and rising demand for the asset, although it’s price remembering that the crypto market is notoriously unpredictable, and the costs usually transfer in opposition to the group’s expectations.
Bonus: the Miners
One other bearish issue is the latest exercise of the miners. The favored X consumer Ali Martinez revealed that these trade members have offloaded over 3,000 BTC in lower than every week.
Miners have offered over 3,000 Bitcoin $BTC since Thursday! pic.twitter.com/8Y0rLAW0I5
— Ali (@ali_charts) July 14, 2025
Promote-offs of that kind might replicate a insecurity by the miners or their need to take income through the worth pump. Both means, this results in elevated provide on the open market, which is perhaps adopted by a dip if demand doesn’t react accordingly.
This demand, although, has been greater than evident prior to now few weeks. As reported yesterday, even smaller traders, equivalent to these known as “shrimps,” “crabs,” and “fish,” have been accumulating extra BTC monthly than the common manufacturing by all miners.
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