The Bitcoin (BTC) futures market strength has turned bearish, falling into negative territory.

According to Gate News bot, analyst Axel Adler from CryptoQuant states that the power of the Bitcoin futures market has turned bearish, falling into negative territory. As of the time of writing, this power hovers around -93k, indicating a slight bearish bias in the market.

(Source: CryptoQuant)

In this context, the mild bearish shift reflects investors' confidence in further breakthroughs of the current historical high rather than posing a real threat to the overall upward trend.

Therefore, although the bearish forces in the futures market are on the rise, investors remain optimistic.

Compared to historical peaks (such as -150,000 or -450,000 in January 2025), this fall seems relatively mild. In past cycles, similar declines between 50,000 and 150,000 have triggered slight retracements of 5% to 10%.

If history repeats itself, Bitcoin may fall back to between $93,000 and $98,000.

Nevertheless, active selling has not yet emerged, indicating that this shift may be more of a hesitation rather than a collapse.