Economic Fears: U.S. recession concerns (e.g., 2% GDP contraction forecast) and Trump’s 25% tariffs on Canada/Mexico imports sparked a risk-off mood, hurting BTC and stocks.
Regulatory Hype Fades: Optimism about a U.S. Bitcoin Reserve faded due to implementation doubts, triggering profit-taking.
Market Pressure: $980M in liquidations, 8,400 BTC sold by big players, and ETF outflows ($74M on March 3) fueled the decline.
Technical Breakdown: BTC fell below $88,000 support, with weak momentum signaling further risks.
Weak momentum and ETF outflows signal caution.
Middle Ground: Use dollar-cost averaging at support levels or wait for a trend reversal (e.g., above $90K).
Bottom Line
The drop reflects broader market fears and crypto-specific pressures. Long-term investors might buy the dip, while short-term traders could sell or wait. Your choice depends on risk tolerance and goals—research thoroughly.
This information is taken from many different sources, I simply update the news, not encourage investment. You should be a smart investor.