Bitcoin has been going down for what might be the fourth month in a row now, and that is something that has not happened since 2018. It feels like a worrying sign for the whole crypto world, especially when you think about how investors are feeling and what might come next for prices.
I remember reading about how Bitcoin tried to bounce back a few times this month, but each time sellers just pushed it lower again. There is all this selling pressure from bigger things like economic worries around the globe and people not wanting to take risks anymore. Plus, money is flowing out of those leveraged trades, which makes everything shakier.
The last time we saw a streak like this was back in 2018 during that long bear market. Volumes dropped a lot then, and everyone seemed to give up on crypto for a while. Conditions are not exactly the same today, but it still makes traders cautious, I think. Some analysts are pointing out the similarities, and that has people on edge.
A few things are driving this decline. Global uncertainties in the economy and politics are making investors pull back to safer stuff, away from risky assets like Bitcoin. It has not been able to stay above those important technical levels either, which just feeds into the bearish mood for short-term players. Then there are the liquidations hitting now and then, and ETF inflows that are not steady at all, adding more ups and downs to the prices.
Sentiment in the crypto market is pretty fragile right now. Fear is building up as people wonder if we are headed for a bigger drop. Long-term holders might see this as a chance to buy in, though, if prices stay low. It seems like if Bitcoin does not get some real buying interest soon, we could see more sideways movement or even lower prices.
The next few days could be key for figuring this out. If it closes the month down again, that locks in the fourth straight loss, and bearish talk might get louder. But I have heard some say that long periods of weakness like this often lead to turns in the trend, especially once the selling eases off a bit.
Bitcoin is kind of at this point where old warning signs are flashing, but there could be a chance for things to pick up if the market steadies. That part gets a bit messy to predict, honestly.#SouthKoreaSeizedBTCLoss
