Bitcoin’s recent downturn has been driven by a mix of macroeconomic pressures, profit-taking from long-term holders, and fading institutional demand. Its future trajectory will hinge on whether large investors regain confidence and liquidity improves across the market.
1. Price Under Pressure
Bitcoin slipped 1.9% to $96,919, briefly touching a six-month low of $96,025. The decline reflects a surge in risk aversion as major funds and corporate treasuries scale back their support.
2. Confirmed Bear Market
The cryptocurrency has officially entered a bear market, falling over 20% in just a month. On Thursday alone, Bitcoin-linked ETFs saw $870 million in redemptions, highlighting the intensity of the current sell-off.
BTCUSDT
Perp
95,733
-0.37%