#MarketPullback $BTC Bitcoin experienced a notable pullback, with its price declining from a recent high of approximately $109,200 in January 2025 to around $84,000 by mid-March 2025 and further down to around $76,600 in April 2025. This correction of over 25% can be attributed to several factors.

Firstly, macroeconomic pressures, including uncertainty surrounding potential US Federal Reserve interest rate cuts and the impact of tariffs imposed by the US, created a risk-off sentiment that affected various asset classes, including cryptocurrencies. Secondly, after a substantial rally that saw Bitcoin's price surge significantly since late 2022, a period of consolidation and profit-taking was expected. On-chain data indicated increased selling pressure from miners, potentially due to financial strain post-halving in April 2024 where mining rewards were reduced, and a slowdown in accumulation by large investors (whales). Additionally, panic selling by new investors who entered the market during the recent price surge contributed to the downward pressure.

Pullbacks are considered a normal part of market cycles in the cryptocurrency space, offering opportunities for investors with a long-term perspective to accumulate assets at lower prices.