As of February 25, 2025, Bitcoin (BTC) is trading at approximately $94,049, reflecting a 1.7% decrease from the previous close. Recent market dynamics have raised questions about a potential bear market onset. Notably, a significant $1.5 billion hack of Bybit's Ethereum wallet has exerted downward pressure on Bitcoin's price. Additionally, the Inter-Exchange Flow Pulse indicator has signaled a bearish shift, suggesting a possible downturn. Conversely, CryptoQuant's CEO, Ki Young Ju, posits that historical patterns and institutional adoption indicate Bitcoin is unlikely to enter a bear market this year, even with potential corrections up to 30%. These mixed signals underscore the importance of cautious analysis in the current volatile environment.
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