🟠Bitcoin’s price has dropped below $93,000, accompanied by $430 million in long liquidations and $438 million outflows from BTC ETFs. Analysts attribute the correction to MicroStrategy’s recent purchase of 55,500 BTC for $5.4 billion and heightened concerns about inflation data and the Federal Reserve’s minutes.
🟠Despite the local decline, experts maintain that the market remains within a bullish trend. CryptoQuant CEO Ki Young Ju reminded investors that even during parabolic growth, Bitcoin typically experiences pullbacks of up to 30%. Signs of a profit-taking peak have not yet emerged, leaving room for growth fueled by FOMO-driven demand.
🟠Analysts emphasize risk management and caution against panic selling, underscoring that corrections are a natural part of an overheated market.