Bitcoin and altcoins are facing risks in the short term due to macroeconomic and global concerns, according to Santiment. The research report from Santiment suggests that major selling pressure from large Bitcoin holders has contributed to the recent decline in prices. The market may experience more turbulence due to factors such as trade tensions and concerns related to Trump's tariffs. Social media mentions of a price range between $69,000 and $50,000 have increased as prices continue to fall. Altcoins have suffered larger losses than Bitcoin, with Ethereum, Solana, and Dogecoin all seeing significant drops in the past month. Despite the current downturn, there are signs that long-term holders are accumulating again, which could potentially lead to a market recovery.
Bitcoin, Solana and Crypto Markets Likely in ‘Classic Bear Trap’ Before Euphoric Move: InvestAnswers