Bitcoin Struggles: Hidden Copper Signal vs. Growing Selling Pressure – Is a Reversal Coming?

Bitcoin The price is struggling to reclaim the $90.000 level after a sharp drop earlier today, fueling fears of a deeper downward spiral. Market sentiment has weakened noticeably, with increasing selling pressure in both spot and derivatives markets.

Traders are cautious as liquidity decreases and volatility increases, creating an environment where even small inflows can trigger large price reactions. The recent rejection below $90.000 highlights the fragility of the current market structure and raises questions about the possibility that Bitcoin is in a prolonged corrective phase.

Yet, on-chain data reveals a remarkable countersignal. According to On-Chain Mind, Bitcoin is currently exhibiting the largest hidden buying spikes of the entire cycle. Order flow analysis (the relationship between actual buying/selling pressure and the corresponding price movement) shows that when these two are not aligned, hidden divergences emerge. Positive divergences indicate aggressive buying despite relatively flat price movements, while negative divergences indicate silent selling.

The size of this hidden buying surge suggests a large imbalance in favor of buyers—an early indication that large players may be quietly accumulating while the broader market focuses on the downside. Whether this hidden demand can offset the prevailing selling pressure will determine Bitcoin's next move.

Hidden Purchases Support Reversal Narrative Despite Macro Fears

According to On-Chain Mind, the persistent hidden buying peak remains one of the strongest signals supporting a future upward reversal. Even after Bitcoin's recent decline, the imbalance between genuine buying pressure and price action suggests that major players are still absorbing inventory.

This type of signal doesn't guarantee an immediate rally—it can take weeks to fully unfold—but it does indicate that buyers haven't yet exhausted their resources. Historically, such divergences appear near cyclical reversals, when sentiment is weakest, but accumulation is quiet and robust.

These hopeful signs come at a time when market fears are being exacerbated by external narratives. Repeated news reports about a Bitcoin ban in China, despite being outdated and lacking substantial policy updates, are resurfacing on social media, leading to confusion and short-term panic. Similarly, new waves of Tether FUD—focused on reserve transparency and regulation—have strained liquidity conditions and fueled a risk-averse attitude.

These narratives have reinforced bearish sentiment, overshadowing the more nuanced developments in on-chain data. While retail reacts to troubling headlines, order flow data suggests sophisticated investors are taking the opposite stance. If the hidden accumulation continues, this correction could ultimately result in a stronger recovery than current sentiment suggests.

Bitcoin's one-day chart shows a market under intense corrective pressure after the sharp decline from the $110.000 region. The breakout broke through the 50 SMA (Simple Moving Average) and 100 SMA with little resistance, indicating a decisive shift in momentum. The price is now hovering below both moving averages, which are starting to decline—an early sign that the medium-term trend is weakening. The 200 SMA, around $109.000, is well above the current price, underscoring the aggressiveness of the correction.

After a local low near $83.000, BTC An attempt was made to recover, but the reaction remains modest. The last bounce failed to recapture $90.000, resulting in a lower peak that is consistent with bearish continuation.

Volume spikes during sell-offs reinforce seller dominance, while buying activity remains relatively subdued. Until BTC can turn the 50 and 100 SMAs into support—currently clustered around $101.000 to $108.000—the bulls will struggle to regain control.

The chart also shows an increasing distance between the price and the 200 SMA, a condition that often precedes temporary relief rallies. However, unless Bitcoin closes above the $95.000 to $98.000 region again, downside risks remain. For now, BTC is attempting to stabilize, but the broader trend continues to favor caution.

Frequently Asked Questions

What is the current status of Bitcoin's price development?
Bitcoin is currently in a vulnerable position as it fights to reclaim the $90.000 level after a recent drop that pushed markets into a bearish trend.

What are hidden purchasing powers and what do they mean for market sentiment?
Hidden buying power signals strong demand that aren't immediately reflected in price action. This can indicate continued accumulation by large players, potentially signaling a reversal of sentiment.

How do external narratives influence the current market situation?
External narratives such as the rumor of a possible Bitcoin ban in China and uncertainty surrounding Tether are creating fear and anxiety, leading to deteriorating market sentiment, while complex on-chain signals point to more optimistic developments.