The main cryptocurrency faces a period of geopolitical uncertainty, which contributes to the selling pressure of its holders.
The cryptocurrency market operates with slight increases on Tuesday. Bitcoin (BTC) stagnates in u$s87.921,07and definitively stops its bullish rally towards US$100,000 at the beginning of January.
Ethereum (ETH) It is at US$2,910, and rises 0.7%. The altcoins They continue this trend, led by Solana (Sol), with a growth of 1.4%, and BNB, with 0.9%.
Key data from an indicator suggests a price drop
While Bitcoin struggles to stay around $90,000, a key profitability indicator returns to levels last seen during one of the downtrends most impressive in the history of the market.
It is about the realized net profit and losswhich tracks the balance between realized profits and losses on the Bitcoin network based on on-chain cost basis.
According to data from CryptoQuant analyst Adler AM, fell approximately 97% after reaching its recent high and is now approaching levels close to zero. The situation is similar to that observed in June 2022, before the main cryptocurrency fell from about $30,000 to almost $16,000.
Adler noted that the current reading of zero should not be interpreted as a bullish reversal signal, but as a pause in which selling pressure from profit takers largely exhaustedalthough the new demand has not intervened.
The macroeconomic pressure It also contributed to the unrest, after US President Donald Trump threatened to impose 100% tariffs on any Canadian product if Ottawa strengthens trade relations with China. At the same time, new rumors emerged of a possible shutdown of the US government. This movement unleashed more than US$320 million in liquidations of long positions leveraged in a matter of hours.
