Bitcoin Updates: Major Institutions Make Significant Bets on Bitcoin During Crypto Market's Intense Fear-Driven Selloff
- Bitcoin's drop to $92,000 sparks debates over market health, with Fidelity calling it a short-term correction rather than a bear market. - Institutional adoption grows as ETFs now hold 28% of Bitcoin , despite $3B outflows, while long-term holders sold $38B absorbed by spot ETFs. - Technical indicators show mixed signals: Bitcoin's RSI rebounds but MACD remains bearish, while Ethereum's Death Cross deepens downward pressure. - Market sentiment hits "extreme fear" (Fear & Greed Index at 10), yet instituti
Bitcoin’s recent decline toward $92,000 has sparked renewed discussion about the strength of the ongoing crypto bull run. Analysts from Fidelity Digital Assets and various technical indicators point to a possible market correction. The leading cryptocurrency has wiped out its 2025 gains and is now trading close to where it started the year, as risk-averse sentiment takes hold, while
Technical signals present a mixed outlook.
Bernstein Research at Fidelity contends that Bitcoin’s 25% slide from its October peak of $126,000 is more likely a temporary pullback than the start of a bear market. The team highlights that
Market mood remains deeply risk-averse, with the Fear and Greed Index plunging to 10—the lowest since late February—as volatility, low trading activity, and negative sentiment on social media fuel caution. Bitcoin continues to dominate the crypto landscape, but losses among altcoins have intensified the broader selloff.
Institutional activity signals ongoing faith in the sector.
Bitcoin’s future direction depends on its ability to reclaim important price thresholds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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