Whale wallets have quietly accumulated over 34,000 Bitcoins in the past five days, but while good news hasn't yet materialized on this side, technical charts are flashing warning signals. The cryptocurrency market is currently stuck—caught between a rock and a hard place.

BTC is oscillating between $92,000 and $95,000, with today's trading price around $92,716, down 2.43% in the past 24 hours. It may not seem like a big drop, but the critical level of $92,000 has now become a battleground for bulls and bears. Analysts are straightforward: holding this line could give a chance for a rebound to $97,000; if it drops below, deeper correction space might open up.

**Five Major Technical Red Flags**

Since January this year, Bitcoin's rhythm has clearly changed. Coupled with recent geopolitical tensions( and trade escalation), risk assets are being sold off, and Bitcoin is no exception. On-chain data and technical indicators both suggest that early 2026 might be in the early stages of a bear market structure.

Specifically, five warning signals are in front of us: the "cloud chart" on the weekly chart of the Ichimoku indicator is beginning to distort, which usually indicates a shift from bullish to bearish sentiment. Bitcoin's price is still below the 365-day moving average, which is around $101,000, widely regarded by institutions and analysts as the dividing line between bull and bear markets.

Looking back at history, after each Bitcoin peak in 2013, 2017, and 2021, it experienced a deep correction of over 70%. The current situation feels familiar, as the market is reenacting certain patterns from history.