I see Bitcoin now fluctuating around 81K, but on-chain data is giving quite a few warning signals. It really feels like a bear market moment, you know? Many traders are now watching what the Fed will do — there's a strong expectation of a pause in April, which might provide some relief.

The price previously dropped to that 70K zone, and now we're stuck here. The on-chain metrics don't look very bullish, to be honest. Everyone is waiting for clarity from the central bank. If they do indeed pause, it could ease the bear market pressure, but until then, it's quite uncertain.

I think it's worth paying close attention to your data. The signals are mixed, so caution is advised.