Bitcoin Faces Short-Term Bearish Pressure Amid Futures Sell-Offs but Long-Term Cycle Signals Potential Continuation

Key Points

1. Bitcoin futures market shows strong bearish sentiment with net taker volume plunging to -$175 million and open interest dropping from $3.06 billion to $2.98 billion.

2. Funding rates and net taker volume confirm bearish pressure, with sellers dominating the market and causing sharp price swings.

3. Bitcoin’s long-term cycle remains bullish, with historical patterns indicating accumulation phases often precede strong upward trends.

4. Key momentum indicators, such as the Relative Strength Index (RSI), support the continuation of the uptrend, with no major corrections signaling a reversal.

5. Despite short-term volatility, the market is viewed as being in an accumulation phase rather than a panic zone, maintaining confidence in Bitcoin’s long-term structure.