Bitcoin is stable at 84 thousand dollars – but 2 red flags indicate an imminent correction

Last week or so has gone without any major fireworks in either direction, unlike the events in the past, and BTC is still stuck at about $ 84,000.

However, the cryptocurrency does not tend to stay constant for a long time, so this may simply be calm before the storm.

Warning whale activity warning

As we have made clear several times in the past, whales play a very important role in the cryptocurrency market because they control a large part of BTC and most Altcoins. Their decisions on whether large parts will be purchased or sold to Domino and lead to large price movements in either direction.

Data From Cryptoquant shows some warning signs regarding bitcoin on that front. The BTC Stock Exchange, which is calculated as one of the 10 best flows to total flows on encryption trading platforms, has entered “levels that have not been seen since last year.”

The company’s analysis indicates that “a large part of bitcoin deposits” in exchanges is “led by holders or large whales.” Consequently, the report indicated that this behavior “is often interpreted as these great players who actively restore their assets, which may indicate the pressure of the next sale in the market.”

Sths underwater

Other disturbing news on the BTC price interface is the increasing number of short -term holders (Sths) who sit on significantly achieved losses. Glassnode emphasized that this group of investors have $ 7 billion, underwater.

This is the biggest sustainable loss event for this course. However, it remains within the “Historic Taurus Borders” and is still less painful than those seen during the sale in May 2021. During the end of that bull round four years ago and in the subsequent bear market, these losses increased to a place between 19.8 billion dollars and 20.7 billion dollars.

Defense for 30 days a loss achieved for #BitcoinSTHS has reached $ 7 billion, which represents the largest sustainable loss event in this course. However, this is still much lower than previous surrender events, such as 19.8 billion dollars and $ 20.7 billion in 2021-22: https://t.co/souzfmhax2 pic.twitter.com/esujfyif

– Glassnode (Glassnode) March 21, 2025

STHS is usually the first to get out of the market when the prices tend to go south or stay in a period of unification for a period of time, especially when you are underwater. As such, BTC can sink more if they decide to get rid of some (or all) of their bitcoin possesses.