The Most Critical Price Level That Will Determine Bitcoin's Fate Has Been Announced: "Bears and Bulls Are Engaged in a Fierce Battle Here"

The crypto analysis company Alphractal pointed out in its latest assessment that Bitcoin is at a critical turning point. According to the company's analysis, despite the recent rise in prices, there has not yet been a significant change in the on-chain( data.

Alphractal, emphasizing that Bitcoin is currently at a critical level of 92,500 dollars, stated that this area corresponds to the "Short-Term Realized Price" level and that maintaining a position above this level is vital for changes in market sentiment.

The company stated, "This area is an extremely sensitive zone where bulls and bears will have a fierce battle. Both short-term and long-term Realized Market Value Momentum indicators are at support levels. This explains the recent price movements. However, a few more days are needed to see if there is really a change in on-chain behaviors and the risk appetite of large whales."

According to Alphractal, while the bulls are trying to push prices as high as possible, the bears will defend the area just above $92,500. This tense environment is creating a complex market structure that paves the way for forced liquidations of leveraged positions, especially with Open Positions exceeding $10 billion in just a few days.