> Want some free money? You have all weekend to buy BTC before it recovers to $120k.

Crypto markets are retreating more today as the Bitcoin price hovered near a seven-month low, with leading crypto stocks seeing notable declines.

Bitcoin price is currently trading at $89,090, down 4% over the past 24 hours, with a 24-hour trading volume of $71 billion. The cryptocurrency is 4% below its seven-day high of $93,662 and roughly flat from its seven-day low of $88,800, according to Bitcoin Magazine Pro data. With a circulating supply of 19.95 million BTC out of a maximum 21 million, Bitcoin’s market capitalization stands at $1.78 trillion.

Coinbase Global dropped 4.9%, Bitfarms fell 7.5%, Strategy slipped 10.3%, Riot Platforms lost 3.7%, Hut 8 Mining fell 3.3%, and Mara Holdings dropped 6.6%, at the time of writing.

Market activity has been heavily influenced by investor flows in Bitcoin exchange-traded funds (ETFs). BlackRock’s spot Bitcoin ETF, IBIT, recorded a record single-day outflow of $523.2 million on Tuesday, marking the largest withdrawal since the fund launched in January 2024.

This came despite a modest 1% price increase for Bitcoin earlier in the week, which briefly pushed the cryptocurrency above $93,000.

On average, IBIT investors purchased Bitcoin at a Bitcoin price of $90,146, leaving them out of the green at current prices.

Analysts caution that while short-term price swings are largely sentiment-driven, longer-term trends are shaped by macro positioning and liquidity conditions.

Current sentiment indicators are near multi-year lows, pointing to subdued trading activity but potentially attractive entry points for longer-term investors.

Meanwhile, Bitcoin miners appear to be adjusting strategies in response to market volatility. Following a period of heavy distribution, miners’ 30-day net BTC position has flipped to modest accumulation after recent capital raises in the sector, signaling renewed confidence in holding mined Bitcoin rather than selling.

Despite short-term turbulence in ETFs and price volatility, market observers note that Bitcoin’s broader fundamentals remain intact. Liquidity trends and continued institutional interest suggest that the Bitcoin price could maintain stability in the $90,000 range as investors navigate a volatile market environment.

Sentiment remains weak as rising volatility and thinning liquidity make the market sensitive to even small flows. Nicolai Søndergaard of Nansen noted to Bitcoin Magazine yesterday that market depth has dropped about 30% since the October 10 liquidation, meaning modest selling can sharply move Bitcoin, which recently fell below $90,000. Leverage further amplifies this volatility.

“When liquidity is this thin, it takes far less capital to push the market in either direction, and when you layer leverage on top, volatility becomes inevitable,” Søndergaard said.

Market sentiment has turned sharply bearish after the Bitcoin price broke below the key $96,000 weekly support level last week. Analysts from Bitcoin Magazine Pro and Feral Feral Analysis warned that a meaningful bounce was unlikely, noting thick resistance above $94,000 and persistent seller pressure.

They pointed to heavy support at $83,000–$84,000 and another zone at $69,000–$72,000, saying a drop into the mid-$80Ks was increasingly plausible amid rising volatility.

Upside scenarios remained limited; even a short squeeze would have hit major resistance at $106,000–$109,000. Only a weekly close above $116,000 would have challenged the prevailing bearish trend.

Earlier this week, New Hampshire became the first U.S. state — and the first government worldwide—to approve a municipal bond backed by Bitcoin, marking a potential gateway for digital assets into the $140 trillion global debt market.

The state’s Business Finance Authority (BFA) approved a $100 million conduit bond, enabling private companies to borrow against over-collateralized Bitcoin held by BitGo.

This follows New Hampshire’s earlier move to allow up to 5% of public funds in digital assets, creating the nation’s first strategic Bitcoin reserve.

At the time of writing, the Bitcoin price is hovering near $89,400.

If you have 500 million, you could pull it out watch it deflate, buy back in, let it rise again and repeat, which makes it volatile. If you missed bitcoin when it was cheap you're out of luck, it's just a trade vehicle now.

wrote:

I here Andrew Tate pretty much got wiped out.

Where did you here that?
    \

$85k

did the person who started this thread ?

I get all of my free money from Phil's credit card.

ShowerGirl wrote:

I get all of my free money from Phil's credit card.

Yeah. Not seeing the issue here.

More weasel words than au seriously considering some insane libfilth rage.

Bitcoin’s price has recently dropped below $82,000, marking its lowest level in six months. This decline follows two months of significant price reductions, leaving many investors concerned.

Despite the downturn, Arthur Hayes, co-founder of BitMEX, believes that Bitcoin could be nearing its bottom. He suggests that the market may soon stabilize, but advises caution and patience before making major investment decisions.

Arthur Hayes has shared his thoughts on Bitcoin’s recent drop, predicting that the worst may soon be over. Bitcoin price has fallen from its October peak of $126,000, now hovering below $82,000.

Hayes believes this drop is part of the market cycle and that the bottom could be near. However, he advises caution and suggests waiting for broader market signals before making any major moves.

In his analysis, Hayes pointed out that a lack of liquidity in USD markets has contributed to Bitcoin’s current struggles. He noted that once liquidity improves, Bitcoin could see a significant recovery.

Hayes also mentioned that other factors, such as a correction in AI tech stocks, are necessary for a complete market recovery.

Despite the current volatility, Hayes remains optimistic about Bitcoin’s future. He believes the cryptocurrency’s long-term outlook is strong, and once liquidity conditions improve, Bitcoin could rebound sharply.

Arthur Hayes is not the only expert predicting a potential rebound for Bitcoin. Peter Brandt, a veteran chart analyst, has also shared a similar view. Brandt believes that Bitcoin’s price could reach $200,000 in the next bull market.

He recently stated that Bitcoin might drop to as low as $58,000 before experiencing another significant rally.

Brandt’s analysis is based on historical patterns, which often show that BTC recovers sharply after major corrections.

He cited the 2019-2020 crash, where Bitcoin’s price fell by 72% but later surged to new highs. According to Brandt, such corrections are common in Bitcoin’s price history and often lead to growth in the long run.

Raoul Pal, another investor, echoed similar thoughts. He noted that BTC has experienced large corrections before, often leading to new record highs. Given these historical trends, many analysts remain optimistic about Bitcoin’s future, despite the current volatility.

Looking ahead, Hayes maintains a long-term bullish outlook for BTC. He believes the cryptocurrency could reach $200,000 by 2029, though it will face significant fluctuations along the way.

Hayes pointed out that while short-term volatility is painful, it could be beneficial for BTC in the long run. He described the current downturn as “the best thing that could happen to Bitcoin,” as corrections often set the stage for future growth.

Peter Brandt shares a similar long-term view. He believes BTC’s next major bull market will follow after the current correction. Brandt’s prediction also aligns with Hayes’ belief that Bitcoin could reach new highs once the market stabilizes.

Both experts stress the importance of patience during this uncertain period.