The BTC Supertrend indicator, a tool used to identify potential buy and sell opportunities on Bitcoin's weekly chart, has flashed a sell signal, sparking concerns about a possible market correction. According to Cointelegraph, the Supertrend indicator turned red last week for the first time since January 2023, following a weekly close below the 50-week moving average. Historically, similar sell signals in 2018 and 2022 preceded significant declines of 84% and 77%, respectively. If this historical pattern repeats, Bitcoin could potentially fall to $75,000. This potential downturn is further compounded by ongoing outflows from spot Bitcoin ETFs, adding additional downward pressure. Traders should closely monitor Bitcoin's price action and consider risk management strategies in light of this concerning sell signal. ```