Bitcoin Faces Sell Signal That Preceded Past Crashes

Martinez highlighted the Tom DeMark (TD) Sequential, a technical tool known for flagging potential trend reversals. This same indicator flashed before major Bitcoin crashes in 2015 and 2018 — both of which were followed by drawdowns of over 75%.

If history repeats, Bitcoin could tumble more than 60% from current levels, potentially dipping below the $40,000 mark.

At the time of writing, Bitcoin trades around $107,850, but on-chain data paints a gloomy picture. Large-scale transactions — those over $100,000 — have nearly halved in just over a month, falling from over 30,000 to under 17,000, according to IntoTheBlock.

Additional metrics from CryptoQuant reveal that net Bitcoin demand over a 30-day span has plunged by nearly 37,000 BTC, reinforcing concerns of fading interest among buyers.

While the market remains cautiously optimistic, these signals suggest that Bitcoin’s next move could be downward — and steep.

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