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Bitcoin breaks key support level as Glassnode warns of further price breakdown
Market Intelligence Analysis
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Why This Matters
Bitcoin has broken a key support level, indicating potential further price decline, while some analysts suggest the market may be nearing a bear-market bottom.
Market Impact
Market impact analysis based on bearish sentiment with 80% confidence.
Sentiment
Bearish
AI Confidence
80%
Time Horizon
Short Term
Article Context
Note: This is a brief excerpt for context. Click below to read the full article on the original source.
Long-term bitcoin holders are selling at the fastest pace since August, while some industry observers suggest the market may be approaching a bear-market bottom.
Original article published by
CoinDesk
on January 31, 2026.
Analysis and insights provided by AnalystMarkets AI.
Analysis and insights provided by AnalystMarkets AI.