Has Bitcoin's Trend Changed? Has the Chance of a Rise Ended? Analysts Assess the Latest Situation! Here Are the Points to Pay Attention to…

Bitcoin and altcoins experienced a major crash last ￰0￱ this crash, BTC fell to $102,000 before recovering to $115,000 at the beginning of the week. However, as the selling pressure on Bitcoin continued, the price retreated towards $110,000. While some analysts predict that the price is at risk of further decline amid ongoing selling pressure, one analyst said that BTC sales are limited to a small group of ￰1￱ to The Block, Timothy Misir, head of research at BRN Research, said that the selling pressure in Bitcoin is limited to a small group of investors rather than a general market ￰2￱ Misir noted that BTC is retesting the $110,000 level as whales reduce their positions and demand for put options increases.

However, the analyst noted that put options accounted for only 28% of total options trading, with demand for call options between $115,000 and $130,000 still dominating put ￰3￱ is testing a critical base at $110,000 as whales reduce their positions and ￰4￱ put positions exceed $1.15 billion, accounting for 28% of trading flow, long positions remain concentrated around the $115,000-$130,000 ￰5￱ put positions continue to dominate ￰6￱ suggests that the sell-off is not a general market trend, but rather limited to a small group of investors and is temporary.” Bitcoin's Short-Term Decline Risk Continues! 21 Shares analyst Matt Mena also noted that despite the short-term weakness in Bitcoin, institutional demand remains ￰7￱ noted that spot ETF inflows and the Fed's moderate monetary policy stance are supporting Bitcoin, predicting that BTC could rally towards $150,000 if institutional demand continues.

However, Mena warned investors that a short-term decline is ￰8￱ noted that a strong break below $110,000 could see Bitcoin's price drop to $104,000-$108,000. Conversely, a recovery above $115,000 would likely restart upward ￰9￱ CIO Matt Hougan also commented that the crash was merely a market reset rather than a downtrend. *This is not investment ￰10￱ Reading: Has Bitcoin's Trend Changed? Has the Chance of a Rise Ended? Analysts Assess the Latest Situation!

Here Are the Points to Pay Attention to…