The Bitcoin (BTC) price today is under increasing pressure
According to @JacobKinge, Market concern increased after a Satoshi-era Bitcoin wallet moved 909.38 BTC after more than a decade of inactivity. The coins were originally acquired when Bitcoin traded near $7 and are now worth approximately $85 million. Analysts believe the transfer could be linked to off-chain settlements or synthetic selling, which can weigh on price without appearing as direct spot market sales. The event also highlights that early Bitcoin holdings were likely split across many dormant wallets, making large distributions difficult to track. Bitcoin remains closely tied to traditional markets during risk-off periods. In past cycles, a 15–20% correction in the Nasdaq has often led to a 30–40% drop in Bitcoin. Even a standard equity market correction could push BTC back toward the $57,000 support zone, or lower. If Bitcoin enters a prolonged bear market, altcoins are expected to fall harder. Historically, Ethereum has dropped 80–90% during bear cycles. A similar decline would push ETH toward the $1,000 level. Many altcoins, already down heavily, could still lose another 50–80% as liquidity dries up. Even with ETFs and institutional investors, Bitcoin’s liquidity remains sentiment-driven. Large players often reduce risk simultaneously, amplifying downturns during broader market stress. Lower prices can squeeze miner profitability, forcing weaker operators to shut down. This typically leads to consolidation, but the network has historically remained secure. Sustained weekly closes below long-term supports, declining on-chain activity, and shrinking derivatives open interest often signal a broader market reset is underway.Macro Risks Remain a Key Factor
Ethereum and Altcoins Could See Deeper Losses
FAQs
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