Bitcoin kicked off December with a nasty dump, wiping out the entire week's gains in just a few morning hours. Honestly, for anyone tracking the bearish metrics, this wasn't a surprise.
Here are 5 objective reasons why we are heading lower:
1. Bull-Bear Index Flips to "Bear Market" The index tanked from overheated levels (~80) straight down to 20. This signals that key on-chain momentum (money flow, network activity) has deteriorated. Treat any pumps right now as classic bull traps, not the start of a new leg up.
2. Lost Critical Support at $100k Looking at the URPD (Realized Price Distribution), we broke the medium-term holder support line at $100k–$101k. Analysts like Julio Moreno pointed this out: if we lose $100k, the next major on-chain support zone is way down at $72k–$74k. There's a massive volume gap in between — essentially an "air pocket" for price to freefall through.
3. Weak Spot Demand If you check the weekly chart on Cryptomus, the volume on the recent "growth" candle was tiny. It screams "dead cat bounce." Meanwhile, the downtrend moves are backed by high volume, showing the true direction of the market. Real money is selling.
4. Miner Sell Pressure Miner to Exchange Flow metrics show a constant stream of BTC hitting the exchanges. Miners are offloading, creating persistent sell walls that buyers just can't chew through right now.
5. Liquidity Drought The bid side of the order book has thinned out significantly. The market is fragile, which explains how easily the price slipped this morning. There’s just no depth to catch the falling knife.
Outlook: The drop is clearly visible on the weekly timeframe. With order books empty below us, there is no real structural support until we hit $72,000.
