Bitcoin Warning: Selling Pressure Spikes 61% in a Day as 3 Other Risks Stack Up

Bitcoin's price is currently flat, but underlying risks are aligning, suggesting a loss of conviction. Four key signals point to potential downside: a bearish head-and-shoulders pattern is forming on the 12-hour chart, threatening a 9-10% drop if the $86,430 neckline breaks. Simultaneously, selling pressure from long-term holders accelerated sharply, with outflows jumping by approximately 61% in one day, although these holders still maintain profits. This selling is being replaced by short-term, speculative buyers, as evidenced by a rise in the one-week to one-month holder cohort share. Furthermore, Bitcoin spot ETF demand recorded its weakest week since November, seeing net selling of $1.19 billion. If Bitcoin fails to reclaim $90,340 or breaks below the critical support at $86,430, these combined risks could cause downside moves to accelerate quickly.

(Source：BeInCrypto)