Bitcoin has experienced its first major correction since November, dropping 13% from its all-time high. This has caused uncertainty and fear in the crypto market, especially for altcoins. The spike in realized losses suggests that some investors are exiting positions as the market adjusts. Traders are monitoring Bitcoin's ability to hold support levels and the behavior of altcoins to determine if this is a healthy correction or the start of a larger downtrend. Analysts suggest that this is a natural market correction and a time for long-term holders to remain patient. The key support level of $92,000 is crucial, and if it holds, there is potential for a strong bounce in the market. However, restoring confidence and improving sentiment is necessary for Bitcoin to regain higher levels and continue its bullish momentum.



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