Bitcoin's Bearish Turn Deepens as 75 of Top 100 Coins Trade Below Key Averages

2025-12-16 09:25:33

Source: CryptoNewsNet Original Title: Bitcoin’s bearish turn deepens as 75 out of top 100 coins trade below key averages; Nasdaq resilient Original Link: The cryptocurrency market is flashing deep bearish signals as the year-end approaches.

As of writing, data from TradingView showed that 75 of the top 100 coins by market value traded below both their 50-day and 200-day simple moving averages (SMAs), indicating across-the-board weakness in the digital asset market.

This indicates capital flight from the crypto market in the wake of industry leader bitcoin’s slide to $87,000 from the record high of over $126,000 in early October.

The 50- and 100-day SMAs filter out day-to-day noise and smooth out price action to spot broader momentum shifts, and traders and investors widely track them. Think of these as guardrails: crossing below both signals indicates underperformance against short- and long-term trends, often triggering intensified selling and accelerated declines.

BTC1,31%

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