温馨提示：本站仅提供公开网络链接索引服务，不存储、不篡改任何第三方内容，所有内容版权归原作者所有
AI智能索引来源：http://www.bee.com/60890.html
点击访问原文链接

Bitcoin’s year-to-date gains have been completely wiped out, plunging it into a technical bear market. | Bee Network

进入原网站 导航首页
Bitcoin’s year-to-date gains have been completely wiped out, plunging it into a technical bear market. | Bee Network Login Trending News Meme Launchpad AI Agents DeSci TopChainExplorer For Newbee 100x Coins Bee Game Essential Websites Must-Have APP Crypto Celebrities DePIN Rookies Essential Trap Detector Basic Tools Advanced Websites Exchanges NFT Tools Hi, Sign out Web3 Universe Games DApp Bee Hive Growing Platform AD Search English Recharge Coins Login Download Web3 Uni Games DApp Bee Hive AD home•Analysis•Main text Bitcoin’s year-to-date gains have been completely wiped out, plunging it into a technical bear market.Analysis3mos agoUpdateWyatt 18,565 15 Original author: Long Yue

Original source: Wall Street News

Bitcoin is facing a severe test as enthusiasm for the US government’s pro-crypto stance fades and market risk aversion intensifies, and the bear market across the crypto market appears to be deepening.

Bitcoin, the cryptocurrency with the highest market capitalization, fell below $93,714 on Sunday. This price level is below its closing price at the end of 2024, meaning that the more than 30% annual gain earlier this year has been “completely wiped out.”

This plunge occurred just over a month after the asset hit an all-time high. On October 6, Bitcoin’s price surged to a record high of $126,251, but four days later, global markets were thrown into turmoil by unexpected comments from US President Trump regarding tariffs, and Bitcoin subsequently began its downward spiral.

The decline in institutional participation is one of the core drivers of this round of decline. According to Bloomberg data, Bitcoin exchange-traded funds (ETFs) have attracted over $25 billion in inflows this year, pushing their total assets under management to approximately $169 billion. These stable inflows had previously helped reshape Bitcoin as a portfolio diversification tool.

However, this narrative of “hedge assets” is “becoming fragile again” as large buyers, including ETF allocators and corporate finance departments, quietly withdraw. A prime example is Michael Saylor’s Strategy Inc., whose stock price is now close to the value of its Bitcoin holdings, indicating that investors are no longer willing to pay a premium for their highly leveraged Bitcoin strategies.

Macroeconomic headwinds and deleveraging The shift in the macroeconomic environment is another key factor. Matthew Hougan, chief investment officer at Bitwise Asset Management, points out that “the overall market is in risk aversion mode,” and “cryptocurrencies are the canaries in the coal mine, reacting first.”

The recent pullback in tech stocks has also led to a decline in overall market risk appetite. Jake Kennis, senior research analyst at Nansen, stated that the sell-off was a confluence of “profit-taking by long-term holders, institutional outflows, macroeconomic uncertainty, and the liquidation of leveraged long positions.” He added that after a prolonged period of consolidation, the market has temporarily chosen a downward direction.

Altcoins fell even more sharply. The prevailing pessimism in the market is exacerbating the sell-off. Matthew Hougan stated, “Cryptocurrency retail sentiment is quite negative,” with many choosing to exit early to avoid another 50% pullback. This pessimism is even more pronounced in the more volatile altcoin market.

According to reports, the MarketVector index, which tracks the bottom 50 of the top 100 digital assets, has fallen by about 60% this year. Chris Newhouse, research director at Ergonia, a company focused on decentralized finance, also observed that the market is generally skeptical of capital deployment and lacks natural bullish catalysts.

This article is sourced from the internet: Bitcoin’s year-to-date gains have been completely wiped out, plunging it into a technical bear market.Recommended Articles

Related: Solana ETF Ignites Institutional Battle: 200 Million Yuan Injection Fails to Stop Plunge, Western Union’s Entry Rewrites the Game. In late October 2025, the crypto world witnessed a historic moment. Solana (SOL) broke through the final regulatory hurdle, becoming the third crypto asset, after Bitcoin and Ethereum, to receive approval for a spot exchange-traded product (ETP) in the United States. This is more than just boring news of “yet another ETF approved.” Its approval process was dramatic, its product design was ingenious, and the market reaction it triggered left countless traders stunned. For those of us in the crypto industry, the launch of the Solana ETF is not the end of a story, but the beginning of something full of “insider information” and new opportunities. 01 Wall Street “Civil War” The birth of the Solana ETF was highly unusual. It didn’t originate from a public vote and enthusiastic press…

# Analysis# bitcoin# crypto# Exchange# Market# Tool© Copyright NoticeThe copyright of the article belongs to the author, please do not reprint without permission. Pre xBitMart launches BMRUSD, ushering in the era of yield-pegged stablecoins. Next Odaily Picks: 8 Handy Prediction Market Trading Tools Related articles More than $40 million stolen, GMX ambushed 6086cf14eb90bc67ca4fc62b 26,611 4 After the second shooting, Trump still insisted on opening the platform for the familys crypto project 6086cf14eb90bc67ca4fc62b 38,894 I traded US stocks on the blockchain, and my mentality was already floating on the first day 6086cf14eb90bc67ca4fc62b 25,700 1 Gate Group announces the official launch of Gate Australia, marking another step in its global compliance footprint. 6086cf14eb90bc67ca4fc62b 16,066 24-hour hot currencies and news | VANA 24-hour transaction volume exceeds SUI; PENGU will be available for claim at 9 oc 6086cf14eb90bc67ca4fc62b 38,911 Top 10 Crypto-Friendly Countries and Crypto-Illegal Regions 6086cf14eb90bc67ca4fc62b 47,676 4 No comments You must be logged in to leave a comment! Login immediately No comments... Bee.com The world's largest Web3 portal Partners CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors Download Bee Network APP and start the web3 journey White Paper Roles FAQ © 2021—2026. All Rights Reserved. Privacy Policy | Terms of Services Download Bee Network APP and start the web3 journey The world's largest Web3 portal Partners CoinCarp Binance CoinMarketCap CoinGecko Coinlive Armors White Paper Roles FAQ © 2021—2026. All Rights Reserved. Privacy Policy | Terms of Services Search SearchInSiteOnChainSocialNews Hot to you: Airdrop Hunters Data Analysis Crypto Celebrities Trap Detector English 繁體中文 简体中文 日本語 Tiếng Việt العربية 한국어 Bahasa Indonesia हिन्दी اردو Русский English

智能索引记录