$BTC $RAVE $币安人生 #BinanceABCs #中本聪
Bitcoin fell below $86,000 yesterday, hitting a new low in nearly two weeks. The market sentiment has clearly turned cold, with a continued decline in risk appetite for crypto assets. Recently, prices have been consistently pressured, with each rebound almost immediately facing selling pressure, primarily from investors who entered near previous highs. During the day, Bitcoin dropped nearly 4%, reaching a low of around $85,000, close to a nearly 30% decline from its historical high of over $126,000 at the beginning of October.
Currently, Bitcoin, designed by Satoshi Nakamoto, oscillates between $85,000 and $94,000, but trading volume is low, and the market lacks sufficient momentum to drive a rebound. Notably, Bitcoin has recently fallen alongside other risk assets but failed to rise during the stock market's rebound, indicating that even if the Federal Reserve lowers interest rates, it is difficult to boost confidence in the crypto space in an environment of tight liquidity and cautious sentiment.
Analysis indicates that this round of decline is not due to panic liquidation but rather a slow adjustment of spot and derivative positions, with limited liquidations; however, selling pressure may be more persistent, putting the market in a state of "bottom grinding," making reversals challenging. Despite this, Strategy continues to buy large amounts of coins, but the overall performance of related cryptocurrencies and concept stocks remains weak.
The U.S. stock and cryptocurrency markets are correlated, with funds not entering the market; during this time, investors must be cautious and more careful in selecting investment targets.
