The post BTC Risk-Off Signal Remains High Below $100K appeared on BitcoinEthereumNews.com. Bitcoin (BTC) may be holding above $90,000, but data implied that its price is still flashing a significant risk-off signal. CryptoQuant’s multi-metric risk-off oscillator remained near the “High-Risk” zone, a level that historically precedes corrections and diminishes the probability of a sustained bullish trend. Key takeaways: Bitcoin’s risk-off signal was positioned near “High-Risk” territory, which has previously indicated a bearish period. BTC’s Profit–Loss sentiment has hit a rare -3 extreme, signalling a structural correction. BTC’s -32% drawdown placed it between a correction and capitulation zone, which may prolong the decline between $90,000 and $80,000. Bitcoin is structurally weak near $90,000 CryptoQuant’s Risk-Off model incorporates six metrics — downside volatility, upside volatility, exchange inflows, funding rates, futures open interest and market cap behavior — to produce a data-driven assessment of market fragility. With the oscillator near 60 or the High-Risk zone, correction risk remains elevated. Bitcoin risk-off signal. Source: CryptoQuant Bitcoin researcher Axel Adler Jr also noted that the profit/loss score has dropped to -3, reflecting an extreme concentration of unprofitable UTXOs. Historically, this level aligned with bearish regimes and extended cooling phases. The current -32% drawdown exceeded normal cycle pullbacks (-20%–25%) but remains above capitulation thresholds (-50% to -70%), placing Bitcoin in a vulnerable “intermediate zone.” Adler said that as long as macroeconomic conditions and onchain profitability fail to improve, the probability of continued downside remains high, despite the price stabilizing near $90,000. Percentage drawdown of Bitcoin price from all-time high to historical lows. Source: Axel Adler Jr. At this stage, onchain data from Glassnode offered a small silver lining. The analytics platform noted that Bitcoin’s latest drawdown triggered the largest spike in realized losses since the FTX collapse in 2022, overwhelmingly driven by short-term holders (STHs). However, long-term holder (LTH) losses remain comparatively muted, a dynamic that historically reflects… The post BTC Risk-Off Signal Remains High Below $100K appeared on BitcoinEthereumNews.com. Bitcoin (BTC) may be holding above $90,000, but data implied that its price is still flashing a significant risk-off signal. CryptoQuant’s multi-metric risk-off oscillator remained near the “High-Risk” zone, a level that historically precedes corrections and diminishes the probability of a sustained bullish trend. Key takeaways: Bitcoin’s risk-off signal was positioned near “High-Risk” territory, which has previously indicated a bearish period. BTC’s Profit–Loss sentiment has hit a rare -3 extreme, signalling a structural correction. BTC’s -32% drawdown placed it between a correction and capitulation zone, which may prolong the decline between $90,000 and $80,000. Bitcoin is structurally weak near $90,000 CryptoQuant’s Risk-Off model incorporates six metrics — downside volatility, upside volatility, exchange inflows, funding rates, futures open interest and market cap behavior — to produce a data-driven assessment of market fragility. With the oscillator near 60 or the High-Risk zone, correction risk remains elevated. Bitcoin risk-off signal. Source: CryptoQuant Bitcoin researcher Axel Adler Jr also noted that the profit/loss score has dropped to -3, reflecting an extreme concentration of unprofitable UTXOs. Historically, this level aligned with bearish regimes and extended cooling phases. The current -32% drawdown exceeded normal cycle pullbacks (-20%–25%) but remains above capitulation thresholds (-50% to -70%), placing Bitcoin in a vulnerable “intermediate zone.” Adler said that as long as macroeconomic conditions and onchain profitability fail to improve, the probability of continued downside remains high, despite the price stabilizing near $90,000. Percentage drawdown of Bitcoin price from all-time high to historical lows. Source: Axel Adler Jr. At this stage, onchain data from Glassnode offered a small silver lining. The analytics platform noted that Bitcoin’s latest drawdown triggered the largest spike in realized losses since the FTX collapse in 2022, overwhelmingly driven by short-term holders (STHs). However, long-term holder (LTH) losses remain comparatively muted, a dynamic that historically reflects…

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