As of April 11, 2025, 4:40 PM
While Bitcoin continues a slight adjustment in the early $80,000 range, market sentiment is becoming more cautious due to a sharp decline in trading Volume and cooling investment sentiment. Market direction continues to be explored after volatility expansion.
📈 Price Right Now
Price $80,893 (0.28%↓) Bitcoin is trading at $80,893, down 0.28% from the previous day. High point burden continues, showing a slight adjustment trend. However, the decline is limited, and the market maintains a wait-and-see attitude.
Volume $4.463 billion (40.64%↓) Trading Volume for the past 24 hours has decreased by 41% to $2.679 billion. The sharp decline in Volume suggests weakening upward momentum, with a wait-and-see sentiment prevailing.
Daily Fluctuation Rate 1.85% Bitcoin is up 1.85% today. It closed down 3.69% yesterday and up 8.13% the day before. While rebound attempts continue amid expanded short-term volatility, a clear direction remains limited.
Asset Comparison S&P500 ↓ · Gold ↑ The U.S. S&P500 index, highly correlated with Bitcoin, recorded 5,268.05, down 3.46% (−188.85). Gold, a safe-haven asset, rose 1.61% (51.1) to 3,228.60. Risk asset sentiment has contracted, with a clear preference for gold as a safe asset.
Mayer Multiple 0.9138 The Mayer Multiple dropped from 0.9495 to 0.9138, indicating Bitcoin is below the 200-day moving average ($87,074). Remaining below 1 suggests potential entry into an undervalued zone.
MACD -133.76 The Moving Average Convergence Divergence (MACD) is -133.76 on a daily basis and -3,135.96 weekly. Currently in the negative zone, the weak trend continues. Downward pressure persists, but additional downward momentum has slowed.
🧭 Market Now
Active Addresses 767,623 Bitcoin active addresses increased from 726,029 the previous day. On-chain activity is rising, with investor participation recovering.
SSR 13.46 The Stablecoin Supply Ratio slightly decreased from 13.93 to 13.46 but remains in a low waiting funds zone. Rebound energy may remain weak until waiting funds accumulate.
OBV 16.06k On-Balance Volume dropped from 16.28k to 16.06k. Direction matters more than absolute value; increase suggests strengthening buying pressure, decrease indicates selling pressure. Currently, buying momentum is weakening and capital inflow is slowing.
NUPL 44.92% Net Unrealized Profit/Loss dropped from 46.95% to 44.92%. The proportion of investors in profit state is decreasing, showing market sentiment contraction.
MVRV 1.56 Market Value to Realized Value decreased from 1.7 to 1.56. Total market value is 56% higher than average purchase price, remaining in a profit-taking zone. Generally, MVRV below 1 indicates loss, above 3 indicates overheating.
❤️ Investment Sentiment Now
Dominance 62.4% Bitcoin's market cap proportion increased 1.40 percentage points to 62.4%. Bitcoin-centric supply concentration is strengthening.
Fear & Greed Index 21 (Fear) CoinMarketCap's Fear & Greed Index dropped from 25 to 21, maintaining a fear phase.
Google Trend Score 53 Bitcoin search volume decreased from 61 to 53. Public interest is cooling down.
Exchange Balance 2,190,716 BTC ($17.721 billion) Exchange Bitcoin holdings increased 0.01% day-on-day and 0.17% week-on-week. Waiting sell quantities slightly increased, thickening wait-and-see sentiment.
Wallet Deposits/Withdrawals +1.09K BTC 1.09K BTC moved to external wallets. Previous day saw 3.57K BTC entering exchanges. Holding sentiment is improving, showing signs of selling pressure easing.
🎤 Today's Commentary
Analysis "Economic Recession Concerns Suggest Short-term BTC Weakness"
With economic recession concerns spreading, analysis suggests BTC may show short-term weakness. 10x Research CEO Marcus Thilen explained, "Credit spread expansion in bond markets is spreading recession concerns. While BTC could strengthen if the Fed cuts rates during a prolonged recession, it may face downward pressure in the short term."
[This article does not provide financial advice, and investment results are the sole responsibility of the investor.]
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