Bitcoin Records Second-Largest Unrealized Loss in History Amid Market Pressure

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 2 hours ago

TRUMP-3.695%

BTC+1.287%

Explore Agentic TradingLet AI Trade for You

Market Pressure Intensifies: Bitcoin nearly reached $67,000 on Monday following President Trump's announcement of a peace deal with Iran, yet holders are facing the second-largest unrealized loss in history, indicating market fragility.
Unrealized Loss Analysis: A significant number of Bitcoin holders are currently underwater, but Alphractal founder Joao Wedson noted that realized losses remain relatively low, suggesting that investors are not selling off in large numbers despite market pressures.
Liquidity Grab Phenomenon: Some market experts are skeptical about Bitcoin's rebound, viewing it more as a liquidity grab than a genuine breakout; while a rise towards the $68,000-$70,000 range is possible, the market lacks sufficient strength to confirm this move.
Key Support Level: Analyst Lennaert Snyder emphasized that holding the $64,800 level is crucial for maintaining the short-term uptrend, and breaching this level could exacerbate market uncertainty.

Get Real-Time Alerts for Any Crypto Movement

Monitor assets like TRUMP with instant alerts on price breakouts and whale movements. Don't let a 24/7 market leave you behind.

Technical Analysis for TRUMP

Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP). As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

OFFICIAL TRUMP (TRUMP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.689	1.131	1.504	1.946	2.319	2.761	3.134
Fibonacci	1.131	1.442	1.635	1.946	2.257	2.45	2.761

About TRUMP

$TRUMP are now freely tradeable on the blockchain. On July 13, 2024, President Trump faced death and came up fighting! With his fist in the air and the iconic battle cry FIGHT FIGHT FIGHT, President Trump showed the world what a LEADER is made of. His strength and courage ignited a movement becoming the most memorable meme of the century.Now, you can get your piece of history. This Trump Meme celebrates a leader who doesn’t back down, no matter the odds. Join the Trump Community - we’re all about fighting for what matters.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

Let AI Trade for You

Auto Trading Task on TRUMP?

Get Started Free