Bitcoin Weakens Below Key Moving Averages

Volume on the latest leg lower topped $20.3 billion, suggesting active selling rather than a quiet drift. Bitcoin’s MACD remains negative versus its signal line, a conventional chart setup that often points to further near-term volatility, while prices are hovering closer to the lower end of the recent Bollinger Band range than the upper band.

The market backdrop is not helping. Adalytica’s Bitcoin Fear & Greed Index sits at 79, labeled Greed, even as its awareness reading remains in Extreme Fear territory at 7, a split that suggests traders are still leaning into the asset while broader conviction stays fragile. That tension has been amplified by fresh concern over Michael Saylor’s recent Bitcoin sales, which have fed worries that one of the market’s best-known advocates is becoming a source of pressure rather than support.

Ethereum is also softer, trading around $1,773, reinforcing the view that the weakness is broad but Bitcoin remains the barometer. Tether is holding at $1, underscoring that capital is still parking in stablecoins while traders wait for clearer direction.

For investors, the key question is whether Bitcoin can reclaim its 50-day average and rebuild momentum, or whether the latest break lower invites another round of de-risking across crypto. The next catalysts are fresh flows into spot Bitcoin products, any new regulatory signals, and whether major corporate holders continue to buy or start trimming exposure.