Following the recent intense sales wave in the cryptocurrency market, it is observed that the decline in Bitcoin has slowed down and a balancing process has begun in the market. Although Bitcoin has been challenging investors with its fluctuating price movements for weeks, it is reported that a rapid rise is not expected in the near future, although signs of recovery are seen in the short term.
Consolidation in the Market and Analyst Evaluations
Willy Woo, known for his onchain analysis, announced that the recent selling pressure in Bitcoin has largely decreased and a temporary horizontal trend period may be observed in the price. Woo notes that Bitcoin could move in a tight range for a period of about a month. He states that with a possible reaction, the price can be moved to the mid-70,000 dollar band, but permanence at this level may not be achieved.
Willy Woo commented, “This fierce selling wave initiated by investors seems to have ended, which may cause the price to move sideways for a while. However, the overall picture is still under pressure due to weak liquidity in both spot and futures markets.”
Bitcoin has fluctuated between $60,000 and $70,000 over the past three weeks, occasionally testing below $67,000. Woo emphasizes that the price may remain in this band in the short term, but fragility continues in the market.
Liquidity Problem and Macroeconomic Risks
Liquidity problems stand out as an important factor restricting Bitcoin’s upward movement. Woo states that liquidity in both the spot and futures markets has declined significantly, and historically, a strong rise has become difficult in these conditions. Additionally, it is stated that macroeconomic uncertainties also affect pricing.
Pointing to the positive macro trend that has continued on a global scale since the beginning of Bitcoin, Woo says that the $ 30,000 level may be an important support in a possible trend change, and that $ 16,000 is critical to protect the main structure.
Matt Hougan, chief investment officer of Bitwise Asset Management, also notes that the sales process is largely related to the closing of positions by large investors. In addition to cyclical factors, capital directed to artificial intelligence startups and technological concerns such as quantum computing triggered selling pressure, according to Hougan. Still, he shares the view that this process is a classic crypto winter.
Increasing Interest from Institutions and ETF Developments
Although prices remain under pressure, institutional interest in Bitcoin continues to grow. The fact that leading financial institutions such as Morgan Stanley and Bank of America started to offer Bitcoin ETF products to their wealthy customers stands out as a new dynamic in the market. It is stated that this step could contribute to total managed assets reaching 220 billion dollars by the end of 2026.
According to a report published by financial services company River, 2025 will be a breakthrough period in corporate and government adoption of Bitcoin. The report emphasizes that corporate purchases increased despite the stagnation in prices.
According to the picture, it is stated that although macroeconomic risks and low liquidity continue, corporate inflows can create a positive long-term impact, but a cautious approach prevails in the short term.
