📉 Why is Bitcoin falling right now?
Bitcoin is going through a pullback phase due to a mix of macro and market factors:
1️⃣ The Fed is cooling the markets: Jerome Powell delivered a more hawkish speech than expected, implying that a rate cut is not guaranteed. As a result: the dollar is strengthening, and risky assets like BTC are suffering.
2️⃣ Massive liquidations: billions in long leveraged positions have been liquidated, exacerbating the drop.
3️⃣ Fewer institutional purchases: flows into Bitcoin ETFs and purchases by crypto companies are declining.
4️⃣ Tense global context: strong dollar, economic uncertainties, and geopolitical tensions fuel caution.
5️⃣ Declining sentiment: traders are shifting from excessive optimism to a phase of caution, which amplifies selling.
👉 In summary, Bitcoin is correcting mainly due to a cocktail of macroeconomic caution and technical pressure. Nothing abnormal after months of strong increases, but the market is waiting for a new bullish catalyst.
