The recent pullback of Bitcoin is a 'healthy reset', not a collapse
Bitcoin is experiencing its first significant pullback since the low in April, after skyrocketing by 50%, rising from $74,501 to an all-time high of $111,880, followed by a decline.
This pullback reflects a change in market rhythm, after nearly 50 days of consecutive gains with very little retracement. This pullback is not merely technical, but occurs against a backdrop of significant macroeconomic pressures following the unexpected reinstatement of tariffs by the U.S. government, which has led to the 30-year U.S. Treasury yield breaking above 5% and heightened risk aversion.
Despite the pullback, Bitcoin's structural strength remains robust, and this pullback seems to be a healthy reset rather than a collapse, driven by deleveraging and profit-taking after one of the strongest recoveries in cryptocurrency history. Additionally, the cryptocurrency industry may also experience a wave of significant developments across corporations, regulatory bodies, and even the global financial sector.
#BTC
Bitcoin is experiencing its first significant pullback since the low in April, after skyrocketing by 50%, rising from $74,501 to an all-time high of $111,880, followed by a decline.
This pullback reflects a change in market rhythm, after nearly 50 days of consecutive gains with very little retracement. This pullback is not merely technical, but occurs against a backdrop of significant macroeconomic pressures following the unexpected reinstatement of tariffs by the U.S. government, which has led to the 30-year U.S. Treasury yield breaking above 5% and heightened risk aversion.
Despite the pullback, Bitcoin's structural strength remains robust, and this pullback seems to be a healthy reset rather than a collapse, driven by deleveraging and profit-taking after one of the strongest recoveries in cryptocurrency history. Additionally, the cryptocurrency industry may also experience a wave of significant developments across corporations, regulatory bodies, and even the global financial sector.
#BTC
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BTC
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