Bitcoin has fallen to $90,000 after several days of steady decline, marking its lowest level in seven months. While the drop appears concerning, many investors see it as a strategic entry point.
The price action suggests an opportunity rather than a signal of sustained weakness, especially as long-term market behavior remains constructive.
Bitcoin Holders Move To Accumulation
Swissblock data shows that Short-Term Holder supply in loss has surged to levels historically linked with medium-term bottoms. These spikes mark extreme stress in each cycle and tend to appear just before recovery phases. Despite the pressure, Short-Term Holders are not showing signs of panic selling, which strengthens the case for stabilization.
Current metrics indicate a bottoming window rather than the start of a deeper bear market. The absence of forced capitulation and the consistency of these patterns across past cycles suggest that Bitcoin may be forming a base.
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Bitcoin STH Supply In Loss. Source: Swissblock
Macro momentum is also turning favorable. Exchange net position change has flipped back to outflows after less than a week of inflows. Over the past 24 hours, more than 20,167 BTC worth over $1.82 billion exited exchanges. This shift signals growing confidence among investors who view the pullback as a chance to accumulate.
Sustained outflows often reflect long-term conviction, as coins move into storage rather than trading venues. The strong buying interest during a price decline supports the narrative that traders expect higher levels ahead. As inflows slow and accumulation rises, Bitcoin’s macro environment continues to strengthen.
Bitcoin Exchange Net Position Change. Source: Glassnode
BTC Price Has Room To Recover
Bitcoin trades at $90,331 and holds above the $89,800 support level, which has become a key buffer during the decline. The recent drop to a multi-month low has increased caution, but technical and behavioral signals suggest downside pressure is easing.
Based on investor support and historical patterns, a deeper drop appears unlikely. A bounce from $89,800 could push BTC back toward $95,000 as confidence improves. Strengthening demand and exchange outflows reinforce the possibility of a recovery in the near term.
Bitcoin Price Analysis. Source: TradingView
If bullish momentum fades and broader weakness intensifies, Bitcoin could slip below $89,800 and fall toward $86,822. Such a decline would invalidate the current bullish thesis and signal a deeper retracement.
