{"id":21632,"date":"2025-02-28T16:35:48","date_gmt":"2025-02-28T14:35:48","guid":{"rendered":"https:\/\/forklog.com\/en\/experts-predict-bitcoin-correction-to-end-by-spring\/"},"modified":"2025-02-28T16:35:48","modified_gmt":"2025-02-28T14:35:48","slug":"experts-predict-bitcoin-correction-to-end-by-spring","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/experts-predict-bitcoin-correction-to-end-by-spring\/","title":{"rendered":"Experts Predict Bitcoin Correction to End by Spring"},"content":{"rendered":"<p>The current bitcoin pullback is expected to last until March or April before an attempt is made to rally to previous highs, according to Matrixport.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">? <a href=\"https:\/\/twitter.com\/hashtag\/MatrixOnTarget?src=hash&#038;ref_src=twsrc%5Etfw\">#MatrixOnTarget<\/a> Report \u2014 Feb 28 2025<\/p>\n<p>Bitcoin Selling: <br \/>Hedge Funds, Not Wall Street, Driving the Unwind<a href=\"https:\/\/twitter.com\/hashtag\/Matrixport?src=hash&#038;ref_src=twsrc%5Etfw\">#Matrixport<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Crypto?src=hash&#038;ref_src=twsrc%5Etfw\">#Crypto<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoFinance?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoFinance<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoMarketOverview?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoMarketOverview<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/CryptoInvestors?src=hash&#038;ref_src=twsrc%5Etfw\">#CryptoInvestors<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/WallStreet?src=hash&#038;ref_src=twsrc%5Etfw\">#WallStreet<\/a> <a href=\"https:\/\/t.co\/MZg6BRlSsE\">pic.twitter.com\/MZg6BRlSsE<\/a><\/p>\n<p>\u2014 Matrixport Official (@Matrixport_EN) <a href=\"https:\/\/twitter.com\/Matrixport_EN\/status\/1895398440605237550?ref_src=twsrc%5Etfw\">February 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Experts noted the strengthening of the USD amid threats from the US President to impose tariffs against foreign trade partners, which reduces liquidity and pressures risk assets.<\/p>\n<p>They believe that with the growing popularity of trading digital gold by TradFi investors through BTC-ETFs, macroeconomic factors have become more significant for the pricing of the leading cryptocurrency.<\/p>\n<p>According to <a href=\"https:\/\/forklog.com\/en\/news\/report-institutional-demand-for-bitcoin-overstated\">research<\/a> by 10x Research, a large portion of ETF volumes (56%) is related to arbitrage. Traders profit from the difference between spot and futures prices. <\/p>\n<p>In the current conditions, funding rates and base spreads are too low to justify holding positions and opening new ones, experts noted.<\/p>\n<p>In February, former BitMEX CEO Arthur Hayes suggested that the price of the leading cryptocurrency could drop <a href=\"https:\/\/forklog.com\/en\/news\/arthur-hayes-predicts-bitcoin-could-drop-to-70000-due-to-etf-outflows\">to $70,000<\/a> due to outflows from exchange-traded funds.<\/p>\n<p>Standard Chartered <a href=\"https:\/\/forklog.com\/en\/news\/standard-chartered-predicts-continued-outflows-from-bitcoin-etfs\">forecasted<\/a> continued outflows from BTC-ETFs.<\/p>\n<p>According to Ryan Lee, chief analyst at Bitget Research, in a conversation with <a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-price-drops-us-china-trade-war-75k-support\">Cointelegraph<\/a>, macroeconomic issues could lead to a correction down to $76,000-$78,000.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cA drop to $70,000 is possible, but less likely before March 2 [the US imposes tariffs on goods from Canada and Mexico] without a new significant shock. The $75,000 level corresponds to technical support and stablecoin buffers. For $70,000, sustained panic or a worsening macroeconomic situation beyond current pressures would be required,\u201d<\/em> commented the specialist.<\/p>\n<\/blockquote>\n<p>Trader and analyst Rekt Capital predicted a continuation of the pullback over the next two weeks. The expert referred to historical analogies.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/BTC?src=hash&#038;ref_src=twsrc%5Etfw\">#BTC<\/a><\/p>\n<p>Bitcoin is in its first Price Discovery Correction<\/p>\n<p>Here is a look at historical first Price Discovery Corrections:<\/p>\n<p>2013: -75% in 13 weeks<\/p>\n<p>2017: -34% in 3 weeks<\/p>\n<p>2021: -31% in 4 weeks<\/p>\n<p>2025: -25% in 11 weeks thus far<\/p>\n<p>Depth-wise, this current -25% Price Discovery\u2026<\/p>\n<p>\u2014 Rekt Capital (@rektcapital) <a href=\"https:\/\/twitter.com\/rektcapital\/status\/1895090272662425934?ref_src=twsrc%5Etfw\">February 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Recently, the cryptocurrency fear and greed index fell to a low of 10 points, the lowest since June 2022, indicating <a href=\"https:\/\/forklog.com\/en\/news\/fear-and-greed-index-matches-june-2022-levels-amid-market-correction\">extreme panic<\/a>.<\/p>\n<p>Earlier, CryptoQuant CEO Ki Young Ju<a href=\"https:\/\/forklog.com\/en\/news\/expert-identifies-target-of-bitcoins-current-correction\"> predicted<\/a> a prolonged consolidation within a wide range (e.g., $75,000-100,000), as observed in early 2024 before prices returned to an upward trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current bitcoin pullback is expected to last until March or April before an attempt is made to rally to previous highs, according to Matrixport. ? #MatrixOnTarget Report \u2014 Feb 28 2025 Bitcoin Selling: Hedge Funds, Not Wall Street, Driving the Unwind#Matrixport #BTC #Crypto #CryptoFinance #CryptoMarketOverview #CryptoInvestors #WallStreet pic.twitter.com\/MZg6BRlSsE \u2014 Matrixport Official (@Matrixport_EN) February 28, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":21631,"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":[18,1146,569,989],"class_list":["post-21632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-market-forecasts","tag-etf","tag-matrixport"],"aioseo_notices":[],"amp_enabled":true,"views":"85","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21632","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=21632"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/21632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/21631"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=21632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=21632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=21632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}