Bitcoin’s Downward Trend Continues
Bitcoin was trading around the $75,000 level on Monday, as some strategists warned that the recent wave of selling may not yet be over. Investors’ apparent reluctance to engage in “buying the dip” is reinforcing this view.
The world’s largest cryptocurrency suffered a sharp decline over the weekend, falling to its lowest level since April last year and recording losses for a fourth consecutive month. The pullback coincided with an announcement by US President Donald Trump on Friday that he would nominate Kevin Warsh to lead the Federal Reserve once Jerome Powell’s term ends in May.
Ether and other digital assets also declined alongside gold, silver and other metals, which fell sharply on Friday, with losses continuing into Sunday evening.
As Bitcoin approached the key support level of $73,000, a note published late Sunday by 10X Research said that “current fund flows indicate a clear shift in market sentiment.”
The firm’s strategists stressed that fund flow and positioning data show “investors are not yet positioned to buy the dip.”
According to 10X Research data, Bitcoin has lost more than 12 percent since the beginning of the year following a disappointing 2025, while Ether has fallen 23 percent over the same period. In total, the cryptocurrency market has shed approximately $1.7 trillion in market value — about 39 percent — compared with last year’s peak.
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