- Volatility on June 21, the price of Bitcoin pushed under $ 102.5,000.
- The measurement values showed that a deeper retracing was likely, especially if the support of $ 100,000 was lost.
Bitcoin’s (BTC) Long dominance grew 10% in one weekBut the news last night for the United States that bombed Iran’s nuclear power places saw the marketing position dropped.
The geopolitical shock triggered panic over crypto markets, and BTC fell to $ 100,809 at the press time.
Of course, the hind back enabled a cluster of liquidation levels below $ 103K, which triggered a long liquidation cascadewhich causes short -term holders to capitulate.
The latest news saw $ 127.3 million in Long liquidation Over the past 24 hours and could be exacerbated in the coming days.
Here’s what Bitcoin Traders and investors must know.
Clues that bitcoin may be on its way to a deeper dragback
Source: Glass node
According to Glassnode’s MVRV Extreme Avication Pricing Bands, BTC’s price fell below +0.5σ band on June 21. The price was set at $ 102 159, while +0.5σ amounted to $ 102 770.
A feature below this band indicates historically about a broader correction.
The extreme deviation price bands allow us to measure when the market is in extremely unrealized profit or unrealized loss. It originates from the MVRV relationship and offers a statistically significant approach.
In fact, the last such division in February 2025 led to a six -week -long bleeding against the average band, which sat at $ 83,171.
Based on that track, BTC may be on the right track for a return to $ 82K – $ 83K, unless the feeling is quickly turning.
Buy power buildings, but will bulls emerge?
Source: Cryptoquant
The price drop saw Stablecoin Supply Ratio (SSR) sink, but there was nowhere close to the levels from March and April.
The falling metric meant that the Stablecoin market increased in relation to BTC’s market value, which suggested increased purchasing power on the market.
Source: Glass node
Rising purchasing power does not guarantee an immediate trend. Despite increasing side conductors, the disadvantage is still loom.
According to Glassnode, Bitcoin’s price extract stood from his feast of -8.75% on June 21.
Historically, reductions in previous cycles have varied from 20% to over 50% before a recovery.
In early April, BTC saw a correction of 24% and reminded that even strong rally often comes with painful drawbacks.
A clean eruption above ATH may not be easy – volatility can continue, with a possible dip under $ 100,000 before the next major move.
