Why It Matters
The decline in LTH supply increases market sensitivity to short-term selling pressure and directly influences investor behavior.

Bitcoin LTH Supply Changes

According to Glassnode, long-term holders decreased their Bitcoin holdings from 14.8 million BTC in mid-July to 14.3 million BTC in December. This reduced the percentage of supply held by these investors to 71.92%, a level last seen in April. At that time, Bitcoin fell from its $109,000 all-time high to $74,000. LTHs increased their supply to 76% at lower prices in July, driving a 65% rally to $123,000.

CryptoQuant data shows that on a 30-day rolling basis, supply fell by 1.1 million BTC on November 26, the second-largest drop on record. Over the last 30 days, LTH supply decreased by 761,000 coins, while whales sold $2.78 billion in BTC, keeping downward pressure in place.

Bitcoin Outperforms Altcoins Over Past Three Months

What Is LTH Supply?

“LTH supply” refers to the total amount of coins held by long-term holders (LTH) and their share of total circulating supply.

• LTH (Long-Term Holder): Someone or a wallet holding crypto for at least 155 days.

• Supply: Total coins in circulation.

Example:

• Bitcoin total supply: 21 million BTC

• LTH holdings: 15 million BTC → LTH supply = 71.4%

The chart below, based on Capriole Investments data, illustrates this decline.

Could BTC Fall Below $70,000?

Bitcoin’s technical structure weakened after losing the 50-week moving average and the yearly open at $93,300. BTC/USD confirmed a bear flag below $92,000. Key support lies between $83,800 and $80,500. Breaking this zone could trigger a drop toward $68,500, with the 200-week MA providing support.

Bitcoin price movements were analyzed by our Coinmühendisi analyst. Bitcoin failed to break the $90,500 resistance and retreated to its support area. The current demand zone is 3.5% wide, with possible pullback to $83,800. A safe recovery would require price to surpass $90,500. Short-term traders can reduce risk by following bullish breakouts on lower timeframes.

Behavioral Analysis

LTH selling indicates rising investor fear and weakening market sentiment. This strengthens short-term selling pressure while creating potential dip-buying opportunities for strategic investors.

Summary List:

• LTH supply dropped to 71.92%, April levels

• 761,000 BTC exited LTH wallets in 30 days

• Whales sold $2.78B BTC in last 30 days

• Key support: $83,800 and $80,500

• Potential downside target: $68,500

This content is based solely on market data, on-chain analysis, and technical indicators. It is not investment advice. Investment decisions should be made based on your own research and risk management strategies.

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The post Bitcoin LTH Supply Falls, Analysts Highlight Key Support Levels appeared first on Coin Engineer.

Bitcoin Derivatives and ETF Outflows Raise Confidence Concerns 

On Friday, Bitcoin fell to $114,013 and traded at $113,383. This decline triggered $200 million in liquidations of leveraged long positions, damaging trust in BTC derivatives markets. Moreover, prices have failed to hold above $120,000 for three consecutive weeks, leading to a loss of confidence among investors. 

Normally, monthly Bitcoin futures trade at a 5–10% premium over spot prices. The current 6% premium is the lowest in the past four weeks, indicating a decline in demand for leveraged bullish positions. While institutional interest remains high, market confidence is visibly lower. 

On July 31, spot Bitcoin ETFs saw a net outflow of $115 million, ending a five-day streak of net inflows. This further impacted investor sentiment. Meanwhile, Strategy (MSTR) announced a $4.2 billion stock offering on Thursday, which could help prevent large-scale Bitcoin sales and stabilize the derivatives market. 

Bitcoin’s Correlation with Equities Increases 

Bitcoin is only 7% below its record high of $123,182 from mid-July. Meanwhile, gold prices remain steady around $3,350. Once viewed as digital gold, Bitcoin has recently shown a strong correlation with equities amid global trade tensions. This correlation has risen above 70% over the past three weeks. 

As a result, Bitcoin now behaves more like a high-risk tech stock rather than a safe-haven asset. Its market capitalization is comparable to that of Amazon and Google, highlighting the impact of U.S. tariff disputes and increased money supply on financial markets. 

Investors have shifted to cash and short-term Treasury bonds due to a weakening labor market. Demand for 1-year U.S. Treasury notes reached a three-month high, driven by revised employment data and an increase in July’s unemployment rate to 4.2%. 

BTC Options Between Neutral and Bearish Sentiment 

It’s possible to monitor whether Bitcoin whales and market makers are reducing their leveraged long positions via the options market. In bearish conditions, put options typically carry a 6% or higher premium over call options. Currently, this premium difference is around 5%. 

The delta skew of options has shifted from bullish to neutral-to-bearish since July 18. Additionally, the cost of protecting against a drop below the $114,000 support level has risen. This indicates decreasing confidence in Bitcoin’s ability to hold that level.

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The post Why Is Bitcoin Dropping? ETF & Options Market Signals appeared first on Coin Engineer.

Following the decision, BTC broke below its three-week horizontal support channel. If the price fails to recover, the next technical support level stands near $111,000. This decline reflects a 6.5% drop from the $122,800 all-time high recorded on July 14. 

In the past 12 hours alone, $110 billion exited spot cryptocurrency markets. Data from CoinGlass reveals that 158,000 investors liquidated positions worth $630 million in total, mostly from long trades. 

Investor Nervousness: Sharp Sales in Stocks and Cryptos

With the signed decree, Trump raised tariffs on Canada from 25% to 35%. Additionally, countries like South Africa, Switzerland, Taiwan, and Thailand face new tariffs ranging from 19% to 39%. Meanwhile, trade agreements with the European Union, Japan, South Korea, and the United Kingdom gained official status. 

These developments pressured not only cryptocurrencies but also stock markets across Asia. Many investors interpret these sudden policy changes as temporary corrections rather than structural threats. 

Henrik Andersson, Chief Investment Officer at Apollo Capital, said, “Seeing a correction amid tariff uncertainty is natural.” Meanwhile, Nick Ruck, Director at LVRG Research, described this week’s drop as a mix of tariff deadline fears and broader macroeconomic uncertainty. In other words, multiple factors drive the current market pressure. 

Bitcoin Achieves Record Monthly Candle Close in July

Despite these pressures, Bitcoin closed July at $115,784, marking its highest monthly candle to date. However, this close remains below the massive $26,000 gain in November when Trump’s election victory pushed markets sharply higher. Trump won the U.S. elections at that time, which strongly boosted the markets. 

A potential trade deal with China could boost investor confidence. This development might trigger a new market recovery. For now, investors closely monitor macro developments and key technical levels.

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The post Trump’s Customs Decision Triggers Bitcoin And Market Drop appeared first on Coin Engineer.

Key Support Zones Under Pressure

According to technical analysis, Bitcoin needs to hold above 106,506$ to maintain bullish momentum. The zone between 105,954$ – 105,368$ is particularly important for continued upside. A breakdown from this range could open the door to a deeper retracement.

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Analysts warn that in the event of further downside, BTC may revisit the 102,459$ – 101,666$ support zone, which could act as a potential reversal area.

Strategic Caution for Traders

Traders are advised to be vigilant during these volatile conditions. Employing stop-loss strategies and closely monitoring price action are essential in protecting capital.

With Bitcoin, post-correction recoveries are not uncommon, but staying informed with both technical and on-chain data remains key for making sound decisions.

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The post Bitcoin Sees Sharp Correction: Key Support Levels in Play appeared first on Coin Engineer.

Bitcoin Key Levels for the Day

The BTC/USD pair has dropped 0.67% in the last 24 hours, currently trading at $97,784. Bitcoin (BTC) recently broke the $98,504 resistance, making a significant move. If BTC continues to rise, the next major resistance level is $101,545. On the downside, the support levels are at $98,504 and $91,221, which could provide stability in case of a pullback.

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Ethereum (ETH): The ETH/USDT pair has gained 1.87% in the last 24 hours, currently trading at $2,757. The first resistance level is $2,877, followed by a stronger resistance at $2,930. If ETH faces selling pressure, it may find support at $2,724, with an additional support zone at $2,366 in case of a deeper correction.

Aave (AAVE): The AAVE/USDT pair has surged 7.50% in the last 24 hours, currently trading at $271.70. The first resistance level is at $296.56, and a further push could lead the price towards $308.66. If a pullback occurs, the support levels are $272.14 and $256.61, which may act as price stabilization points.

Ondo (ONDO): The ONDO/USDT pair has gained 4.54%, now trading at $1.3687. The first resistance level is at $1.4233, with a stronger resistance at $1.4934. If a downward move occurs, ONDO may find support at $1.2948, with additional downside protection at $1.1411 in case of extended selling pressure.

Injective (INJ): The INJ/USDT pair has gained 4.22%, now trading at $14.51. The first resistance level is at $16.28, while a continued uptrend could push the price towards $18.49. On the downside, support levels are at $13.71 and $11.34, which could provide a cushion if selling pressure intensifies.

Trending Coins

The most trending cryptocurrencies in the last 24 hours include Elon4AfD (ELON4AFD), Hyperliquid (HYPE), and Alpha (ALPHA). The top gainers in the market are Ultima (ULTIMA), Amp (AMP), and Melanie Meme (MELANIA), while the top losers are MEOW (MEOW), Toshi (TOSHI), and Morpho (MORPHO).

Bitcoin Liquidation Map

The BTC 12-hour liquidation map shows a significant liquidation cluster at $99,764, amounting to $33.55 million. On the lower side, a major liquidation zone is present at $96,315, with a liquidation amount of $45.95 million.

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