As Bitcoin Plunges Below $95K, Is Crypto in a Bear Market?

Bitcoin has fallen below $95,000, marking an 8% decline in a single day and over 24% down from its peak of $126,200 five weeks ago. This downward movement is driven by waning demand, high sell pressure, and significant liquidation of crypto positions. With more than $1.24 billion in crypto longs liquidated recently, market sentiment has shifted, leading experts to question whether the cryptocurrency market is entering a bear phase. Analysts indicate a bearish market structure, with eight out of ten on-chain metrics signaling declining conditions. Institutional demand has also dropped, influenced by macroeconomic factors and geopolitical uncertainties. The recent performance suggests a possible 'death cross'—where short-term momentum declines faster than long-term momentum—which traditionally indicates the beginning of a bear market. As market confidence wanes and investors adapt to ongoing fluctuations, many experts stress the importance of observing regulatory developments and macroeconomic indicators to guide future trends.

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