GugaOnChain2025-11-17

Composite Index Pointing to a Deeper Correction: $87,500 Support Back on the Radar

With on-chain momentum in the Pessimism “Correction” zone (Ratio ≈ 0.72 / 72%) — a level not seen since April 21, 2025 — combined with shifting expectations around a Fed rate cut and weak liquidity accelerating declines, the turbulent weekend confirmed a broader downtrend. COMPOSITE INDEX – MARKET MOMENTUM INDICATOR - Pessimistic (Correction): Current scenario. If the ratio falls below 0.75, short-term holders will take profits, and the price may correct to $87,500 — a support level dating back to March. - Sideways (Consolidation): If the ratio remains between 0.8–1.0, the market is likely to stabilize within the $90–110K corridor, with participants holding positions but avoiding increased exposure. - Optimistic (Bull): If the ratio surpasses 1.0 and holds above, NUPL/MVRV will signal renewed momentum, with price projections in the $150–175K range, repeating the logic of the 2017 and 2021 cycles. CONCLUSION Bitcoin at $92,622.67 confirms selling pressure amid weak liquidity and macroeconomic factors, leaving the market vulnerable but still offering room for opportunities should signs of reversal emerge.