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$76199.416

-4.63%

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-8.32%

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-8.51%

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-2.37%

Analysis

Glassnode Signals Bearish Momentum as Bitcoin VWAPs Cross

2 mins mins
Key Points:
  • Glassnode reports Bitcoin’s VWAPs crossing, indicating potential bearish momentum.
  • Bitcoin price drops 4.5% following VWAP crossover announcement.
  • Market signals suggest possible extended bearish trend in coming months.

Glassnode’s recent analysis revealed on April 3, 2025, a crossover of Bitcoin’s 30-day VWAP below its 180-day VWAP, reminiscent of a historic bearish signal.

This technical indicator is significant due to its history of aligning with bearish trends, affecting Bitcoin’s market stance and indicating potential volatility.

Glassnode Identifies Key VWAP Crossover on April 3, 2025

Glassnode, recognized for blockchain analytics, identified the crossover of Bitcoin’s 30-day VWAP beneath its 180-day VWAP, signaling possible bearish momentum. Bitcoin has responded with a price drop of 4.5%, reaching $62,345. This pattern suggests potential market caution. “We have highlighted a potential bearish signal where Bitcoin’s 30-day Volume Weighted Average Price moved below its 180-day VWAP, resembling a ‘death cross’ indicative of weakening market momentum.” – Glassnode Insights

Bitcoin, along with Ethereum and Litecoin, showed price declines—3.2% and 5.1%, respectively—reflecting broad market implications. Historically, such crossovers have often led to lengthy bearish trends, hinting at possible extended downturns for cryptocurrencies.

Market chatter from traders on platforms like Telegram highlights support levels at $58,000 and $55,000. Regulatory responses remain unchanged, but institutional trading shows slowdown signs, hinting at investor wariness.

Historic Patterns Suggest Extended Bearish Trend Possible

Did you know? The VWAP crossover bears similarity to past signals that preceded downturns, like in 2021 when Bitcoin saw a six-month decline post-signal.

CoinMarketCap reports Bitcoin’s current price at $81,935.93 with a market cap of 1,626,095,956,769.00. Bitcoin’s market dominance remains at 62.23%, while its 24-hour trading volume fluctuated heavily, experiencing a dramatic change of 98.81%.

bitcoin-daily-chart-118
Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 13:27 UTC on April 3, 2025. Source: CoinMarketCap

Expert analysis from Coincu suggests financial outcomes could involve continued bearish pressure unless disruption occurs via new investor interest. Regulatory developments may further influence market dynamics, amid evolving crypto policies.

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Avatar of John Kojo Kumi

John Kojo Kumi

03 April 2025, 13:31:37 GMT +0000

John Kojo Kumi is a cryptocurrency researcher and writer specializing in emerging startups, tokenomics, and market dynamics within the blockchain ecosystem. With years of experience in crypto journalism and blockchain research, he provides in-depth coverage of decentralized finance (DeFi), NFTs, and Web3 innovations.

He holds a Bachelor of Arts in Geography and Rural Development from Kwame Nkrumah University of Science and Technology, Kumasi, bringing a multidisciplinary perspective to the evolving digital asset space. As a Crypto News Writer, he tracks and reports on industry trends, while his role as a Registrar at the Commission on Human Rights and Administrative Justice reflects his commitment to governance and transparency.

His expertise spans content strategy, SEO optimization, and technical research, enabling him to craft insightful, data-driven analyses. Passionate about blockchain’s transformative potential, he strives to equip readers with the knowledge to navigate the complexities of digital assets and decentralized technologies.

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