Bitcoin is attempting to regain upward momentum after recent declines, but the crypto king’s recovery is being met with caution.
While sentiment has softened, the current structure suggests consolidation rather than a major bearish reversal.
One of the clearest signals of cooling momentum is the sharp decline in Realized Cap Change, which has fallen to 1.4%. This marks a 28.1% drop and places the metric below its lower band. The shift reflects softer net inflows and lighter demand across the market. These conditions are consistent with consolidation phases, where investors prefer to observe