🚨 Bitcoin Bear Market Déjà Vu? 2021 Vibes Are Back, Baby! 🚨

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Oh, darling, buckle up! Bitcoin (BTC) finally decided to break free from its boring consolidation phase, soaring above the $90,000 mark like a diva entering the red carpet. It even flirted with $94,700 before getting a brutal rejection-classic Bitcoin, always keeping us on our toes! Now it’s sulking in the $90,000-$92,000 range, acting like it’s too cool for the party. 😒 Meanwhile, some genius analyst named OnChain (yes, that’s their name, no jokes here) is waving red flags like a bullfighter, screaming about a bear market déjà vu. 🧐

Bitcoin’s On-Chain Drama: Is It 2021 All Over Again? 🎭

In a CryptoQuant post that’s basically the crypto version of a soap opera, OnChain spills the tea: Bitcoin’s weekly chart is throwing 2021-2022 vibes, and not the good kind. They’re mixing technical indicators and on-chain metrics like a bartender on a sugar high-4 Anchored VWAPs (because why not?), SMA50, Realized Price – UTXO Age Bands (6-12 months), and Bitcoin Apparent Demand. 🍸✨ Apparently, these tools are screaming, “Bear market, honey!”

So, here’s the juicy bit: In Area 1 (yes, they named it like a VIP section), Bitcoin is trading below the anchored VWAP, SMA50, and the realized price of coins held for 6-12 months. Last time this happened? Oh, just the start of a massive weakening phase in 2021. No biggie. 😬 In Area 2, Bitcoin’s finding support at the anchored VWAP to its last halving-again. Spoiler alert: In 2022, this led to a mini-rebound before a multi-month downtrend. Yikes. 🤡

Fast forward to now, and these indicators are chilling around $98,000 – $101,000, basically a “Do Not Enter” sign for bulls. Meanwhile, Bitcoin Apparent Demand is crashing harder than my New Year’s resolutions, suggesting buyers are ghosting Bitcoin. And guess what? It’s almost in negative territory, just like 2021. DĂŠjĂ  vu, anyone? 🎢

BTC Market Overview: Bulls vs. Bears, Round 1,000,000 🥊

As of now, Bitcoin’s at $90,500, down 0.58% in the last 24 hours. Monthly loss? 1.9%. Bulls, where you at? 🦬 While OnChain’s painting a gloomy picture, there’s a tiny ray of hope: the Clarity Act. Its impact? As clear as mud. 🌫️

So, is this the beginning of another bear market, or just Bitcoin being extra dramatic? Only time will tell. Grab your popcorn, folks-this show’s just getting started! 🍿🎉

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2026-01-10 15:53