Market Moves
Bitcoin, the world’s largest cryptocurrency by market value, slipped 1.59% to $93,684 by early Sunday evening. The retreat comes amid heightened volatility across digital-asset markets, as traders take profits following a recent rally.
Short-Term Volatility Rises
With the 24-hour trading range expanding, intraday swings have become more pronounced. On-chain data show upticks in exchange outflows, suggesting that long-term holders are positioning for potential pullbacks rather than new buying. Short-term traders have also increased leveraged positions, amplifying downward moves when stops are triggered.
Macro Factors Weigh In
Broader risk-off sentiment in traditional markets has bled into crypto, as concerns over rising interest rates and inflation linger. Investors are closely watching upcoming data releases and central bank statements, which could dictate whether Bitcoin finds a floor near $90,000 or faces deeper correction.
What’s Next for Bitcoin?
Many analysts point to the $95,000 level as near-term resistance. A decisive break above could reignite bullish momentum, while a confirmed drop below $90,000 might trigger more aggressive selling. Market participants will be tracking miner activity, option expiry volumes and whale transactions for clues on the next directional move.