Bitcoin price risks '$15K shakeout' in the next 5 months, BTC analyst warns

Multiple Bitcoin indicators, including a bull-bear sentiment index and realized price metric, point to a possible final BTC shakeout toward $54,000

Multiple Bitcoin indicators, including a bull-bear sentiment index and realized price metric, point to a possible final BTC shakeout toward $54,000

Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.

Bitcoin whales and sharks have locked in $30.9 billion in BTC losses this year, resembling the 2022 bear market, as onchain data points to continued downside risk.