Bitcoin enters cooldown phase under $75K as ‘active distribution’ rises
Bitcoin’s slide toward $73,000 triggered active distribution signals, but lowered realized losses and weak spot volumes point to easing sell pressure....
Key takeaways
- 1Bitcoin dropped below $73,000 with Coinbase premium index at -1,083% deviation, deepest discount since 2025.
- 2Long-term holders control 84.3% of Bitcoin supply and are not aggressively selling, slowing downside pressure.
- 3Spot trading volumes collapsed 81% from $198.6 billion in October 2025 to $36.4 billion, reducing sell pressure.
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Why it matters
For Indian retail investors, weakening spot volumes and long-term holder conviction suggest the current correction may be stabilizing rather than entering freefall, though the $60K-$70K range remains a risk level. Understanding these on-chain signals helps time entry points during market distribution phases.
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