{"id":21483,"date":"2025-02-25T13:23:35","date_gmt":"2025-02-25T11:23:35","guid":{"rendered":"https:\/\/forklog.com\/en\/bitfinex-analysts-label-bitcoins-current-correction-as-critical\/"},"modified":"2025-02-25T13:23:35","modified_gmt":"2025-02-25T11:23:35","slug":"bitfinex-analysts-label-bitcoins-current-correction-as-critical","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitfinex-analysts-label-bitcoins-current-correction-as-critical\/","title":{"rendered":"Bitfinex Analysts Label Bitcoin&#8217;s Current Correction as &#8216;Critical&#8217;"},"content":{"rendered":"<p>Experts from the Bitfinex exchange <a href=\"https:\/\/blog.bitfinex.com\/wp-content\/uploads\/2025\/02\/Bitfinex-Alpha-143.pdf\">stated<\/a> that the drop in Bitcoin&#8217;s price below $91,000 marks a &#8220;critical moment&#8221; amid a three-month consolidation. On February 25, the price of the digital asset briefly <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-falls-to-new-yearly-lows-below-89000-2\">fell to $88,200<\/a>.<\/p>\n<p><!--more--><\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"595\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-377-1024x595.png\" alt=\"image2-377\" class=\"wp-image-252667\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image2-377-1024x595.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image2-377-300x174.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image2-377-768x446.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image2-377.png 1438w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Daily chart of BTC\/USDT on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/chart\/?symbol=BINANCE%3ABTCUSDT\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, Bitcoin is trading at $89,116, down 2.68% over the past 24 hours.<\/p>\n<p>Bitfinex analysts note that the correlation between the leading cryptocurrency and traditional financial markets is strengthening. Investor activity is being dampened by macroeconomic instability. <\/p>\n<p>The stagnation in the US stock market is also exerting significant pressure on cryptocurrencies. Over the past five trading days, the S&#038;P 500 index has fallen by 2.3%, while the Nasdaq has dropped by 4%.<\/p>\n<p>Experts added that institutional demand for spot Bitcoin ETFs has also &#8220;significantly slowed.&#8221; Over the past week, such funds have <a href=\"https:\/\/sosovalue.com\/ru\/assets\/etf\/us-btc-spot\">recorded an outflow of $552 million<\/a>.<\/p>\n<p>MN Trading founder Micha\u00ebl van de Poppe offered a more optimistic view on Bitcoin&#8217;s price movement:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Perhaps the bottom is $83,000-87,000. The market is currently absorbing liquidity. Sentiment has shown an extreme decline, which could signal a reversal,&#8221; the expert believes.<\/cite><\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Anyways, mentioned this yesterday, <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> needs to take all the liquidity. <\/p>\n<p>That&#8217;s what we&#8217;re currently doing.<\/p>\n<p>Ultimate bottom case? $83-87K. <\/p>\n<p>Then we should be rotating upwards. <\/p>\n<p>The current sentiment is extremely peaking to the downside, so that&#8217;s likely the case. <a href=\"https:\/\/t.co\/aSaN6xf9D1\">pic.twitter.com\/aSaN6xf9D1<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1894293284651983340?ref_src=twsrc%5Etfw\">February 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>On February 24, during a press conference with French President Emmanuel Macron, US President Donald Trump confirmed that the 25% tariffs on imports from Canada and Mexico &#8220;are being implemented on time and as scheduled.&#8221;<\/p>\n<p><iframe loading=\"lazy\" width=\"560\" height=\"315\" src=\"https:\/\/www.youtube.com\/embed\/F_icClkj0Eo?si=DiDAnd1aRNUmx4Kt\" title=\"YouTube video player\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Following the news, <a href=\"https:\/\/forklog.com\/en\/news\/trumps-tariffs-trigger-bitcoin-market-correction\">the Fear and Greed Index<\/a> dropped to 25 points, indicating &#8220;extreme fear.&#8221; This level is reminiscent of early September 2024.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"305\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-615-1024x305.png\" alt=\"image1-615\" class=\"wp-image-252668\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/image1-615-1024x305.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/image1-615-300x89.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-615-768x229.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/image1-615.png 1463w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/alternative.me\/crypto\/fear-and-greed-index\/\">Alternative.me<\/a>.<\/figcaption><\/figure>\n<p>As reported by CryptoQuant, <a href=\"https:\/\/forklog.com\/en\/news\/experts-warn-of-bitcoins-potential-shift-to-bearish-phase\">a warning was issued<\/a> about the risk of Bitcoin entering a bearish phase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Experts from the Bitfinex exchange stated that the drop in Bitcoin&#8217;s price below $91,000 marks a &#8220;critical moment&#8221; amid a three-month consolidation. On February 25, the price of the digital asset briefly fell to $88,200.<\/p>\n","protected":false},"author":1,"featured_media":21482,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,95,1384],"class_list":["post-21483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-bitfinex","tag-fear-index"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21483","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=21483"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21483\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21482"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}