Bitcoin$BTC has entered another pullback phase, and fresh on-chain data suggests the downturn is closely tied to U.S. market conditions.
A new report from DeepFlow TechFlow highlights that tightening liquidity in the United States is reducing overall crypto risk appetite, creating immediate pressure on BTC. $BTC
According to CryptoQuant analyst @xwinfinance, long-term holders in the U.S. have also begun taking profits ahead of tax deadlines, triggering a noticeable wave of sell-side momentum. This selling activity, combined with broader macro tightening signals during the week, has amplified Bitcoin’s$BTC market correction.
Despite the pressure, analysts note that these moves appear driven more by macro liquidity shifts than by structural weakness in Bitcoin it
self.
