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Oh my god, I just saw a Bloomberg analyst say that Bitcoin could drop to $50,000 or even $10,000. I was completely stunned😅. Just entering the crypto world and encountering such predictions feels a bit scary...
But then I thought about it, recent news also says BTC is still holding steady at $84,000, just hasn't broken the $90,000 mark. How should I interpret these two views? Are they short-term bearish and only a long-term crash?
I’ve noticed a very interesting phenomenon — institutional Bitcoin spot ETFs have recently experienced a net outflow of $7.82 billion, as if they are also watching cautiously. And the Coinbase premium index has fallen to -0.08, does this mean US investors are also selling?
What makes me a bit anxious is that it seems the entire market is now in "risk-avoidance" mode, fewer people are buying, and selling pressure is still there... So should I, as a newbie, take action? Or just observe for now and wait until demand warms up?
I’d like to ask the seniors here for guidance — what do you think about this market trend?🤔