Bitcoin’s Current Struggles Could Set the Stage for a Major Comeback—Here’s Why

Name	Symbol	Market	Market Cap ($)	Algorithm
Mina	MINAUSD	Crypto	568,289,096	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Mina

MINAUSD

Crypto

568,289,096

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.003	0.62%	0.488	0.488	0.489

Price Change

Price Change %

Current Price

Bid Price

Offer

0.003

0.62%

0.488

0.489

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.493	0.479	0.484	0.485	0.329000 - 1.73

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.493

0.479

0.484

0.485

0.329000 - 1.73

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:06:35	500.00	0.488	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:06:35

500.00

0.488

USD

Price x Volume	Volume	Base Symbol	Related Pairs
159,403.26	328,165.23	MINA	MINAEUR	MINAGBP	MINABTC

Price x Volume

Volume

Base Symbol

Related Pairs

159,403.26

328,165.23

Bitcoin’s Current Struggles Could Set the Stage for a Major Comeback—Here’s Why

10/01/2025 8:00am

NEWSBTC

Bitcoin market performance has faced a challenging start to the year, marked by a lesser upsurge and more bearish sentiment. Amid these fluctuations, insights from CryptoQuant analyst Avocado Onchain shed light on the current state of Bitcoin’s price movements and the factors influencing them. In a post titled “Bitcoin Price Correction: Short-Term Volatility Amid Long-Term Bullish Outlook,” Avocado analyzed key on-chain metrics, highlighting trends that may define Bitcoin’s immediate and future trajectory. Related Reading: Crypto Liquidations Near $690 Million As Bitcoin, Ethereum Crash On-Chain Metrics Hint At Bitcoin’s Next Move The analyst pointed out that the ongoing decline in Bitcoin’s price has been fueled by several factors, including uncertainty surrounding Federal Reserve rate adjustments, cautious market behavior ahead of political transitions, and concerns over state-held Bitcoin sales, which historically emerge during correction periods. These elements have combined to push market sentiment toward bearish territory. However, Avocado emphasized that the short-term outlook does not necessarily overshadow Bitcoin’s long-term potential for recovery and growth. Avocado’s analysis utilized on-chain data to assess the possibility of additional price corrections. One of the primary indicators examined was the Taker Buy/Sell Ratio (30-day moving average), which revealed a dominance of sell-side activity. Following Bitcoin’s price surge in March 2024 and its recent all-time high, this ratio trended downward, signaling an overheated market. This pattern historically precedes periods of price decline, indicating potential for further corrections. Another metric, the Short-Term Spent Output Profit Ratio (SOPR), which measures short-term investors’ profitability, has dropped below 1. This indicates that many short-term holders are selling at a loss, a behavior that has been observed during prior correction phases. Similarly, the Funding Rates (30-day moving average), a measure of market sentiment among leveraged traders, is trending downward. Negative funding rates often precede a bearish market shift but can also pave the way for eventual recovery once sentiment stabilizes. Avocado wrote: While this analysis focuses on short-term price movements, Bitcoin is likely to rebound in the long run and resume its upward trend after completing the correction phase. Investors should remain strategic, avoid reacting to short-term noise, and focus on the broader bullish trajectory. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Breakout Or Breakdown? Bitcoin Market Performance Meanwhile, Bitcoin has continued to demonstrate bearish movements especially with its price now trading for $92,317, at the time of writing down by 3.3% in the past day. One of the major factors that have contributed to the ongoing bearish sentiment in the Bitcoin market appears to be the resurfacing of the US government wanting to sell the seized BTC from Silk Road which now amounts to roughly $6.5 billion. The US Govt has been given the greenlight to liquidate 69,000 BTC ($6.5B) from Silk Road, an official confirmed to DB News today Interesting situation less than 2 weeks away from the new admin who vowed to not sell https://t.co/HqD1KnhJK3 pic.twitter.com/xn8ATSEL7H — db (@tier10k) January 9, 2025 Featured image created with DALL-E, Chart from TradingView

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