比特币的[BTC]急剧下降至88,000美元，在交易者中引发了市场范围内的猜测。  Key metrics analysis has brought out mixed feelings in their current movement.

Understanding these trends offers insight into whether Bitcoin has reached a local bottom or if further downside risks persist.

Bitcoin: Is this a sign of market recovery?

Analysis of the Global Bid & Ask Indicator, which is data aggregating from over 1,400 cryptocurrencies, provided a clear view of spot market sentiment.

Recent shifts in the Global Bid-Ask Ratio signaled a potential market bottom, which has historically preceded bullish price reversals.

Source: Hyblock.com

Additionally, the histogram indicated a spike in buying pressure, contrasting the previous bearish trend from May 2024 to October 2024.

This reversal suggested that Bitcoin might have reached a key support级别，提高需求。

分析表明，该指标是一种强，耐操纵的GAU真正的供需。这暗示了可能从最近的损失中恢复。

恐慌销售加剧了市场的波动

此外，短期持有人在BTC下降期间表现出恐慌驱动的行为。 The Short-Term Holder SOPR chart showed a steep drop below one, confirming widespread selling at a loss.

This suggested that investors who acquired Bitcoin at higher levels liquidated their holdings, fearing further declines.

Source: CryptoQuant

Bitcoin’s price drop to $88,000 intensified this reaction, aligning with previous sell-offs triggered by major price corrections.如果比特币经历进一步的缺点，可能会出现更多的恐慌销售，加剧了波动。

然而，经验丰富的商人将此视为一个潜在的积累区，利用了市场恐惧以建立长期持有人的长期行动。esilient.

The Long-Term Holder SOPR chart reflected minimal selling pressure, suggesting strong conviction among holders with a 155-day+ investment horizo​​n.

Source: CryptoQuant

These investors, who acquired Bitcoin for around $60,000 in September 2024, chose to hold through the downturn, reinforcing market stability.他们缺乏对短期波动的反应表明，比特币的长期基本原理仍然完好无损。

通常，这种行为在恢复状态之前，因为长期持有人的信心是未来价格折扣的基础。

比特币的清算景观：风险和机会的高度稳定性，高度稳定的稳定性，尤其是稳定的降级，较高的降级，稳定的降级，从而提高了高度的射击力，从而提高了高度的摩尔量，从而提高了高度的摩尔，从而提高了降级。 Heatmap的总清算水平显示，比特币的下降到88,000美元引发了明显的强制抛售。

来源：Alphacratal

Heatmap强调了一个高于113美元的主要短位置清算区，000。这表明，如果比特币逆转势头，它可能是针对此水平的，这是由强迫短清算驱动的。

交易者将这种设置认识到双边的信号，表现出下调风险，但如果比特币的价格稳定和折叠率，则可以进行下跌。全球竞标和询问轮班表明了潜在的底层，而短期持有人的恐慌销售和长期持有人的稳定性则与市场情绪形成了鲜明对比。