According to analysts at Matrixport, the risk of panic selling in the Bitcoin market is minimal as long as the price remains above $90,000. They suggest that the increasing trading volumes are attracting more investors and driving adoption in the crypto market. However, if Bitcoin falls below the $90,000 level, sentiment may change. The decline in weekend trading volumes is attributed to the growing influence of institutional players, which is reducing retail traders' impact. While Bitcoin is currently holding strong above $96,000, analysts are cautious and indicate that the Inter-exchange Flow Pulse indicator is flashing bearish, indicating potential resistance before a breakout.
Content Editor ( crypto.news )
- 2025-02-17
Here’s why majority of Bitcoin investors unlikely to panic sell
