
Bitcoin faces pressure from potential whale selling and weak investor sentiment
Sentiment retracted to September levels, while Bitcoin whales move assets to exchanges.

Get the latest Bitfinex news, from exchange products and listings to regulatory developments, trading activity, and company updates.

Short-term holders realize losses as the potential for further downside mounts.

Bitcoin's correlation with the S&P 500 is still high, while gold correlation decreases.

Bitcoin's fate is tied to short-term holder trends and institutional demand with Trump's inauguration causing market jitters.

The cost of holding non-yielding assets like Bitcoin rises when Treasury yields spike.

The demand is met with shrinking sell-side liquidity, but analysts suggest short-term further downside.

Historical indicators suggest Bitcoin's price could soar between $160,000 and $290,000, depending on market dynamics.



