Bitcoin is in distribution phase with more selling than accumulating, potential market downturn.

From Investing.com

January 8, 2025 3:00:20 pm:

Bitcoin (BTC) has entered the distribution phase, with more selling than accumulating. Glassnode’s Accumulation Trend Score (ATS) at 0.21 indicates a shift in market behavior towards selling. This bearish sentiment may lead to a market downturn, currently trading at $95,248.89 with a 4.68% decline and increased volume.

Renowned author Robert Kiyosaki sees the BTC price decline as an investment opportunity, encouraging investors to buy low and HODL. He emphasizes the decreasing volume of Bitcoin left to be mined. Meanwhile, Bitcoin critic Peter Schiff predicts a crash when buyers realize the U.S. government won’t buy the coin.

Read more at Investing.com: Bitcoin Enters Distribution Phase, Is This Bad for BTC Price? By U.Today