Asia Morning Briefing: Even Prediction Markets Didn’t See BTC's Selloff Coming

Bitcoin has recently faced a notable decline, dropping 27% from last month’s peak, which has shifted market sentiment significantly. Prediction markets now portray a deeper structural issue, moving away from earlier upside expectations. This decline reflects what analysts describe as late-stage capitulation pressures, evident from on-chain data indicating oversold momentum and stabilizing ETF outflows. However, some market commentators argue that conditions for a definitive market bottom are still absent, as realized losses and long-term holder selling remain low. This context creates a precarious situation, with traders caught off-guard and uncertain whether market exhaustion or lack of capitulation will prevail. In related market movements, Bitcoin and Ether saw respective dips, while gold and Asian stock markets also reflected broader economic uncertainties. The current landscape indicates that while a bottom may be forming, volatility persists as traders navigate these signals.

Source 🔗