Bitcoin's Downturn: A Short-Term Consolidation or Structural Trend?

Bitcoin experiences a significant decline following a $19 billion leveraged position liquidation and long-term holder sell-offs, aligning with historical peak windows post-halving. Analysts from Bernstein suggest this is a short-term consolidation, not a major drawdown, due to increased institutional ETF adoption and positive drivers like Trumps support and Clarity Act legislation. However, Ten X Research warns of a potential rapid liquidation cascade if Bitcoin drops below $93,000, while others see this as an attractive entry point for new investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.