Bitcoin may be approaching a price correction as traders react to Trump’s tariff proposals and ongoing regulatory uncertainties. Institutional investors are playing an increasing role in BTC’s price action, with Wall Street’s influence growing, according to a Matrixport report.
Currently, Bitcoin’s market dominance stands at 60%, making it the primary benchmark for crypto traders.
Technical Indicators Suggest a Bitcoin Price Correction
Analysts at Matrixport warn that a “technical topping formation” could be forming, which may lead to a drop toward the next support level at $73,000.
📉 Key Market Movements:
✔ Bitcoin price: $88,290 (as of press time)
✔ Recent low: $86,099, wiping out $1.06 billion from the crypto market
✔ Liquidations: Over 220,000 traders liquidated, with open interest down 5%
ETF Outflows & Panic Selling Increase Selling Pressure
🚨 Bitcoin ETFs saw major outflows, with $1.1 billion exiting over five days. On Feb. 24 alone, $516 million left the market.
✔ Exchange inflows surged by 14.2%, hinting at potential panic selling
✔ Crypto stocks followed the decline:
- Coinbase (COIN): -6.4%
- Robinhood (HOOD): -8%
- Bitdeer (BTDR): -29%
- Marathon Digital (MARA): -9%
If market sentiment remains weak, Bitcoin price correction could continue in the short term.
What’s Next for Bitcoin?
With regulatory delays and macroeconomic concerns, Bitcoin could struggle to maintain its current levels. If BTC drops below $86,000, the next support at $73,000 could be tested. However, traders remain cautious as Wall Street’s influence on Bitcoin grows.
Will BTC rebound, or is this the start of a larger price correction?
