Bitcoin Drops, Experts Speak Out: “Failure to Maintain This Level Will Lead to a Deeper Decline”

Cryptocurrency analysis firm Glassnode has released a new report on Bitcoin (BTC)'s recent price ￰0￱ report suggests that Bitcoin is showing signs of fatigue following the rally seen following the Fed's FOMC ￰1￱ to Glassnode data, long-term investors (LTH) have recently realized profits of 3.4 million BTC. Meanwhile, ETF inflows, one of the key factors supporting the rally, have slowed ￰2￱ to the company's assessment, weakness in spot and futures trading is noteworthy, with the $111,000 short-term investor cost emerging as critical ￰3￱ warned that if this level cannot be maintained, Bitcoin could enter a deeper ￰4￱ summarized the current situation as follows: Following the post-FOMC rally, the market experienced a classic post-news selling ￰5￱ only an 8% pullback has occurred so far, the total realized asset inflow of $678 billion and the large-scale distribution of LTHs are showing signs of market ￰6￱ for ETFs, which had previously absorbed supply, slowed rapidly during the FOMC process, making the balance of flows ￰7￱ volumes surged during the sell-off, while futures saw a sharp deleveraging.

Furthermore, hedging increased in the options market, with strong demand for put options attracting ￰8￱ News: Bitcoin Voices in the Netherlands: There is Discussion About Establishing a BTC Strategic Reserve In its conclusion, Glassnode stated that Bitcoin's post-FOMC decline was a typical post-news correction, but that the overall market structure increasingly resembled exhaustion. “The risk of a deeper cooling remains on the table if institutional demand and long-term investors fail to rebalance,” the company said. *This is not investment ￰9￱ Reading: Bitcoin Drops, Experts Speak Out: “Failure to Maintain This Level Will Lead to a Deeper Decline”