Bitcoin Market Sentiment and Economic Pressures

# Cryptocurrency# Bitcoin # Bitcoin - BTC

Recent trends in Bitcoin's options market indicate heightened fear among traders, despite historical patterns suggesting potential rebounds. Economic pressures, particularly from US trade tariffs, have negatively impacted sentiment. Bitcoin's price fell below $113,000 for the first time in over two weeks, leading to the liquidation of $113 million in leveraged long positions. This decline followed a peak of $124,176, raising concerns about the sustainability of the bull market amid increasing macroeconomic uncertainty. The situation worsened with reports of an SEC investigation into Alt5 Sigma, a firm linked to Donald Trump's World Liberty Financial. Additionally, a 1.5% drop in the Nasdaq 100 and new import duties on aluminum and steel products have contributed to risk aversion. Despite these challenges, there is no definitive evidence that Bitcoin's bull run has concluded. Historical data shows that traders' fears can often exceed rational expectations, suggesting that current market turbulence may not undermine the long-term bullish trend.