The cryptocurrency market has experienced a sharp decline in recent trading, with Bitcoin dropping to its lowest level since November. This has led to financial institutions selling off Bitcoin at a record pace, with nearly $940 million in outflows on February 25 alone. Despite hopes of a rebound, the market has remained volatile and uncertain. Historical examples indicate that Bitcoin may struggle to regain bullish momentum, and it is unlikely to plunge below $83,000 during the current downturn. At present, Bitcoin is below the necessary level for a reversal.



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