Golden Finance reports that CryptoQuant analyst Axel Adler Jr stated on social media that the Bitcoin market is currently in a correction phase, retracing 30% from its all-time high. Two on-chain indicators—short-term holder spent profit and loss ratio (STH SOPR) and profit/loss blocks (P/L Block)—show that market participants are realizing losses, and market sentiment is deteriorating. Short-term holders are exhibiting capitulation behavior, and the current market faces local pressure.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Whale Deposits 3M USDC to HyperLiquid, Increases 30x BTC Short Position to $52.89M
A whale deposited 3 million USDC to HyperLiquid, boosting its 30x leveraged Bitcoin short to 700 BTC, valued at $52.89 million. The short was opened at $75,919, with a liquidation price of $80,839.93.
GateNews25m ago
Alcoa to Sell Idle Aluminum Smelter to NYDIG for Bitcoin Mining Infrastructure
Alcoa plans to sell its dormant Massena East aluminum smelter in New York to bitcoin miner NYDIG, with the deal closing by mid-2026. The facility's infrastructure makes it ideal for bitcoin mining, reflecting a trend of repurposing retired industrial sites.
GateNews2h ago
BTC falls below 75000 USDT
Gate News bot message, Gate market data shows that BTC has fallen below 75000 USDT, with the current price at 74996.3 USDT.
CryptoRadar5h ago
Iran Uses Bitcoin for Hormuz Strait Oil Transit Fees, But Stablecoins Handle Majority of Actual Fund Transfers
Iran is utilizing Bitcoin for oil transit fee settlements via the Strait of Hormuz, but stablecoins dominate actual fund transfers in these transactions.
GateNews6h ago
Galaxy Research Chief: U.S. OFAC Sanctions List Involves 518 Bitcoin Addresses
The U.S. Treasury's OFAC sanctions list includes 518 Bitcoin addresses that have significantly engaged in crypto transactions, currently holding about 9,306 BTC valued at $707 million, highlighting the relationship between cryptocurrency and financial regulation.
GateNews10h ago
