The post ‘Flush’, Not Crypto Cycle ‘Failure’ appeared on BitcoinEthereumNews.com. Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash. Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 on Oct. 14 to a four-month low of $104,000 by Friday, a level last seen in June, TradingView data shows. Despite the decline, analysts said the correction flushed out excess leverage, prompting investors to shift from chasing gains to protecting capital. In a report Tuesday, blockchain analytics firm Glassnode said short-term Bitcoin holder supply has risen, signaling that “speculative capital” is taking a larger share of the market. BTC/USD, 1-day chart, Source: Cointelegraph/TradingView  “Onchain, the short-term holder supply share continues to rise, suggesting that speculative capital is becoming more dominant,” Glassnode said, adding: “This combination of signals points to a market shifting into protection mode, with traders prioritizing capital preservation over directional bets.” Bitcoin weekly options metrics changes. Source: Glasnode Meanwhile, Bitcoin’s open interest fell by about 30%, signaling that the crypto market is “far less vulnerable to another liquidation cascade,” said Glassnode in a Tuesday X post. Related: Elon Musk touts Bitcoin as energy-based and inflation-proof, unlike ‘fake fiat’ Bitcoin’s rise to $0.2 million spells “hard time” for “paper hand” investors: Samson Mow Glassnode’s report comes amid a period of growing uncertainty related to the continuation of the cryptocurrency market cycle.  “This $0.1M to $0.2M range is a hard time for those with weak conviction to HODL Bitcoin,” the Jan3 CEO, Samson Mow, wrote in a Monday X post, adding: “They’re uncertain because the “cycle” didn’t happen like before, and also because other assets like gold are rallying.” Mow predicted that Bitcoin “will add a zero soon enough,” but warned that “paper hands” investors with… The post ‘Flush’, Not Crypto Cycle ‘Failure’ appeared on BitcoinEthereumNews.com. Bitcoin’s four-day drop to $104,000 triggered what analysts call a “defensive rotation” among crypto investors, but onchain data suggests the correction was a healthy reset rather than the start of a broader market crash. Bitcoin (BTC) experienced a four-day crash last week, falling from $115,000 on Oct. 14 to a four-month low of $104,000 by Friday, a level last seen in June, TradingView data shows. Despite the decline, analysts said the correction flushed out excess leverage, prompting investors to shift from chasing gains to protecting capital. In a report Tuesday, blockchain analytics firm Glassnode said short-term Bitcoin holder supply has risen, signaling that “speculative capital” is taking a larger share of the market. BTC/USD, 1-day chart, Source: Cointelegraph/TradingView  “Onchain, the short-term holder supply share continues to rise, suggesting that speculative capital is becoming more dominant,” Glassnode said, adding: “This combination of signals points to a market shifting into protection mode, with traders prioritizing capital preservation over directional bets.” Bitcoin weekly options metrics changes. Source: Glasnode Meanwhile, Bitcoin’s open interest fell by about 30%, signaling that the crypto market is “far less vulnerable to another liquidation cascade,” said Glassnode in a Tuesday X post. Related: Elon Musk touts Bitcoin as energy-based and inflation-proof, unlike ‘fake fiat’ Bitcoin’s rise to $0.2 million spells “hard time” for “paper hand” investors: Samson Mow Glassnode’s report comes amid a period of growing uncertainty related to the continuation of the cryptocurrency market cycle.  “This $0.1M to $0.2M range is a hard time for those with weak conviction to HODL Bitcoin,” the Jan3 CEO, Samson Mow, wrote in a Monday X post, adding: “They’re uncertain because the “cycle” didn’t happen like before, and also because other assets like gold are rallying.” Mow predicted that Bitcoin “will add a zero soon enough,” but warned that “paper hands” investors with…