"Bitcoin price slid to fresh six-month lows on Friday, breaking decisively below the psychological $100,000 mark and intensifying a sell-off that has wiped out nearly a quarter of its value in just over a month. By midday, the bitcoin price was trading between $94,000 and $97,000, its weakest level since early May and a steep fall from October's $126,296 all-time high, according to Bitcoin Magazine Pro data."
"The macro pressures are only part of the story. The Bitcoin price is facing internal market dynamics that have amplified the decline. According to new data from CryptoQuant, long-term holders have sold an estimated 815,000 BTC in the past 30 days- the largest such exodus since early 2024. Spot demand has weakened at the worst possible moment, and U.S.-listed spot Bitcoin ETFs have recorded hundreds of millions in daily outflows, draining liquidity while fueling downside momentum."
"The turmoil extends beyond crypto. Risk-sensitive equities-including Nvidia, Tesla, Palantir, Coinbase, and Bitcoin miners-were hammered in this week's sessions as investors fled speculative assets. Rising concerns over an AI bubble, combined with uncertainty surrounding delayed U.S. economic data following the 43-day government shutdown, have pushed the VIX to its highest reading since mid-October. Institutional buying has fallen below the daily supply issued by miners, adding steady sell pressure at a time when liquidity is thinning."
Bitcoin declined to six-month lows, trading near $94,000–$97,000 after falling from an October high of $126,296, erasing almost a quarter of its value in just over a month. A collapse in expected Federal Reserve easing pushed traders to deleverage, reducing demand for risk assets. Long-term holders sold about 815,000 BTC over 30 days, the largest exodus since early 2024, while U.S.-listed spot Bitcoin ETFs saw hundreds of millions in daily outflows. Institutional buying has dropped below miner supply, sustaining sell pressure as liquidity thins. Related risk-sensitive equities were also sharply sold, and market volatility rose.
Read at Bitcoin Magazine
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