Short-Term Bitcoin Fork Momentum Continues to Decline as Market Signals

Bitcoin Short-Term Momentum Shows Continued Weakness

Downtrend extends from March to current market phase

Current levels are not yet in the historical capitulation zone

On-chain metrics reflect changing market structure

Short-term holders under increasing pressure

Market sentiment remains mixed

The historical context suggests a cyclical behavior

Liquidity conditions remain a key factor

Long-term structure remains intact

Conclusion: first signs of stress, but not yet fully restored