Mike Smith
Feb 25
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Bitcoin quotes continue to fall, reaching $87,105. Market participants are taking profits and reducing positions, fearing further losses. The sharp decline was unexpected for many investors, and bearish sentiment has intensified.
According to CoinMarketCap, the daily trading volume on the Bitcoin spot market remains at $72.09 billion. At the same time, positions worth over $1.3 billion were liquidated, with the bulk of them falling on long transactions. This indicates that traders prefer a wait-and-see tactic, focusing on more stable conditions.
Analysts attribute the fall in the rate to general economic uncertainty. The growth of inflation risks and instability in the stock market are putting pressure on crypto assets. In such conditions, some investors refrain from active actions, waiting for new signals.
However, long-term Bitcoin holders remain confident in its potential. They view the asset as digital gold and are in no hurry to part with it, despite the current correction. This approach may partially restrain further decline in quotes.
The $87,105 level has become a key point around which forecasts for the further movement of BTC are built. Some analysts expect a rebound in the event of positive news, while others point to the risk of a deepening correction.
Against the backdrop of high volatility, market participants are advised to be careful when using leverage and monitor macroeconomic factors that may affect the situation. In the event of a favorable development of events, Bitcoin is capable of again entering the growth phase.
