Bitcoin falls to 93 thousand dollars; What is behind the fall of the crypto market again?

study time: 2 minutes

The crypto market came under severe pressure once again and Bitcoin dropped to the $93,000 range in a sharp fall; The level that is the lowest price of the year to date. At the same time, the total market value decreased from 3.7 trillion to 3.2 trillion dollars in a week, and investors’ sentiments clearly entered the phase of intense fear and risk aversion.

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Analysts believe that this decline is not caused by a single factor; Rather, a combination of capital outflows from spot ETFs, selling of old whales, declining interest rate expectations and geopolitical tensions have pushed the market back.

Such data suggests that some long-term holders have begun to liquidate their holdings after a period of exceptional growth, intensifying selling pressure.

At the same time, market participants say these corrections are “natural” and part of the crypto cycle. There are important signs of maintaining the confidence of retail investors; Because there has not been a massive exit from the market and many users are turning their capital towards safer assets such as Bitcoin and Ethereum.

At the time of writing, Bitcoin has recovered some of its losses and is trading in the range of $95,000.