CryptoQuant: bitcoin in a "dead zone" at $75,700 as BDTPA indicator falls to 0.0031
- —BDTPA fell from 0.0317 to 0.0031, indicating almost zero directionality
- —BTC lost 0.82% in a day and 3.84% in a week
- —About 4,600 BTC were withdrawn from exchanges without a price rise
- —Zone exit levels: above 0.02 signals a trend, below -0.02 a reversal
Why it matters: Weak price inertia means frequent false breakouts and a growing risk of a sharp reversal when BDTPA exits the dead zone.
Source: Blockmedia