Bitcoin trades near $113,237, down approximately 1.36% intraday, while Ethereum is off about 3%, hovering around $3,484. This pullback aligns with a broader market slide: total crypto market cap has dropped by nearly 2.6% to just over $3.66 trillion.
Analysts attribute the decline primarily to renewed U.S. tariff concerns, spurring profit-taking and liquidations, with Bitcoin briefly slipping below ₹115,200 (~$1,400 at current exchange) in India. On-chain data shows that ~85.5% of recent Bitcoin movement came from short-term holders—suggesting short-term panic selling rather than long-term capitulation.
Despite the dip, long-term holders have largely stayed put—a historically bullish sign suggesting underlying conviction among institutional and veteran crypto investors.
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