NEW YORK / LONDON (IT BOLTWISE) – The recent drop in the price of Bitcoin to $104,000 has caused concern among many investors. But experts do not see this as a cycle error, but as a necessary market shakeout. The correction reflects a shift from speculative to defensive investments, indicating healthy market performance.
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The Bitcoin market has experienced a remarkable correction in the last few days, which has made many investors sit up and take notice. The price fell from $115,000 to $104,000, which was its lowest level since June. This development has been described by analysts as a kind of ‘defensive rotation’, with investors moving from risky to safer assets.
Onchain data suggests that this correction is more of a healthy reset than a sign of a full-scale market crash. Blockchain analytics firm Glassnode has found that the proportion of short-term Bitcoin holders has increased, suggesting that speculative capital is taking a larger share of the market. This could be a sign that the market is entering protective mode, prioritizing capital preservation over speculative profits.
Another indicator of market stability is the decline in open interest in Bitcoin by around 30 percent. This suggests that the crypto market is less vulnerable to another liquidation cascade. Despite the uncertainties in the market cycle, the long-term outlook for Bitcoin remains positive as experts like Samson Mow believe that Bitcoin will soon add another zero point.
While short-term investors may be unsettled, long-term Bitcoin holders continue to sell to institutional investors. This development is seen as positive by analysts as it indicates increasing acceptance of Bitcoin as an asset class. However, the political turmoil, such as President Donald Trump’s renewed tariff threats against China, is also impacting Bitcoin ETFs, which have seen net outflows in recent days.
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