Carteiras de curto prazo alimentam temores de pressão vendedora enquanto BTC permanece estagnado

O fantasma da distribuição assombra o mercado de criptomoedas enquanto holders de curto prazo seguram as chaves da próxima movimentação de preços.

Análise de on-chain revela padrões preocupantes

Dados de blockchain mostram concentração incomum em endereços de holding recente - normalmente sinal precursor de vendas impulsivas. Esses investidores de curto prazo demonstram menor tolerância à volatilidade, criando uma espada de Dâmocles sobre o mercado.

Mercado testa resistência psicológica

O BTC enfrenta teste crítico nos níveis atuais enquanto a comunidade aguarda o próximo catalisador. A falta de momentum comprador deixa o espaço vulnerável a qualquer onda vendedora - especialmente daqueles que entraram apenas nos últimos meses buscando ganhos rápidos.

O jogo sempre se repete: os fracos entregam aos fortes numa dança tão antiga quanto a própria Wall Street - só que com blockchain e mais café.

BTC is still above the potential capitulation price

Based on Glassnode tracking, Bitcoin sits above a support zone from accumulation at the end of 2024. Slightly older wallets have acquired BTC at the $93,000 to $110,000 range, which is seen as a potential support level.

At this range, accumulation came mostly from large-scale buyers and institutions, as retail stayed out of the market during the most recent rally. 

Bitcoin is holding above a dense supply cluster between $93k and $110k. This accumulation zone has steadily matured since Dec 2024 and could form a floor – unless sustained sell pressure drives a capitulation event: https://t.co/GbJGyG6nFz pic.twitter.com/MphRYa3h3y

— glassnode (@glassnode) August 28, 2025

BTC has not seen significant drawdowns during this market cycle, but traders and holders are more fearful of getting caught in a downturn. 

Based on the Crypto Fear and Greed index, BTC sits at a neutral position, with no immediate signs of panic, but no overly exuberant long positions or risky leveraged trades.

Will Bitcoin retain its short-term trend?

At the current price range, the BTC bull market is not threatened. However, the weekly close is watched for signs of a trend reversal. 

Based on CryptoQuant research, Bitcoin is now in a pivotal zone between $109,000 and $112,000. The weekly close may determine whether the price recovers further or shifts to a lower price range. 

Bulls vs Bears? Bitcoin’s critical pivot zone at 109K – 112K

“The 109K – 112K range is a critical pivot zone in the short term. A weekly close above this region could strengthen the trend, while closing below it may accelerate the correction.” – By @burak_kesmeci pic.twitter.com/AaM1hMNmNT

— CryptoQuant.com (@cryptoquant_com) August 28, 2025

BTC also awaits the weekly options expiration event, which may cause additional volatility and selling. Overall, the leading coin has lost the narrative of being the engine of growth, as attention and accumulation shifted to ETH. 

The BTC liquidation heatmap points to a similar range, with a slight shift between $111,000 and $114,000. However, more distributed long positions reach all the way down to $110,000, potentially triggering a series of liquidations for long positions. 

For derivative markets, traders are more cautious in building up liquidity, causing relatively smaller crashes. In the past day, BTC saw limited liquidations of $16.6M for long positions and $24M for short positions. Open interest remains above $38B, though growing more cautiously. Hyperliquid whales are also more conservative, with fewer flashy positions. 

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