After the sharp volatility on Wednesday, Bitcoin prices have gradually stabilized, maintaining around $86,600 with fluctuations. According to data from The Block, as of early Thursday Eastern Time, Bitcoin has slightly increased over the past 24 hours, trading at approximately $86,670. Previously, Bitcoin briefly surged above $90,000 but then quickly retreated, indicating that market sentiment remains cautious.
Analysts point out that recent Bitcoin price fluctuations are mainly influenced by macroeconomic uncertainties, including rising global risk aversion, slowing inflows into Bitcoin ETFs, deleveraging in the derivatives market, and increased correlation with US stocks. Nick Ruck, Director of Research at LVRG, stated that the current trend more reflects year-end asset allocation adjustments, and the “Christmas rally” expectations are cooling down.
Vincent Liu, Chief Investment Officer at Kronos Research, believes that Bitcoin oscillating between $85,000 and $86,000 is a normal price rebalancing after an upward move. As capital enthusiasm wanes and leverage levels decrease, the market is waiting for new liquidity or clear catalytic events. Until then, sideways trading may remain the main theme.
Regarding whether a “crypto winter” will occur, Liu said the current risks are limited. He pointed out that as long as Bitcoin remains above the true market average of around $81,000, the overall structure remains healthy. Only if it effectively falls below this level should the market be alert to a deeper correction.
On the macro front, the Federal Reserve’s policy outlook remains a key focus. Although recent rate cuts have been consecutive, Fed Chair Powell hinted that rate cuts might pause in January. CME FedWatch shows a probability of over 70% that rates will not be cut next month. However, US President Trump’s latest comments have attracted market attention; he stated that the next Fed Chair will “firmly support significant rate cuts” and hopes the benchmark rate will be reduced to 1% or lower. If a new candidate is confirmed, it could have medium- to long-term impacts on Bitcoin and the overall crypto market.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Goldman Sachs Files for Bitcoin ETF with SEC
Goldman Sachs filed for a Bitcoin ETF with the SEC, aiming to invest primarily in Bitcoin ETPs and generate monthly dividends through options sales. This move marks a shift to issuer status and reflects increasing institutional interest in crypto investments.
GateNews15m ago
Strategy's STRC Preferred Stock Hits $1.1B Daily Volume as Bitcoin Purchases Continue
Strategy Inc.'s preferred stock STRC saw $1.1 billion in trading volume as the company continues its Bitcoin acquisition program, purchasing 13,927 BTC. STRC has become vital for raising capital, with a target of $84 billion by 2027.
GateNews34m ago
BTC 15-minute drop of 0.54%: Liquidity worsens and whales actively reduce positions, putting short-term pressure on the market
From 22:15 to 22:30 (UTC) on 2026-04-14, BTC saw a short-term pullback of 0.54% within the high-range band of 73911.6 - 74314.4 USDT, with a return of -0.54%. During this period, market swings were evident, volatility intensified, attention from the market quickly increased, and downward pressure on the order book was prominent.
The main drivers behind this unusual move were the continued deterioration of market liquidity and a clear lack of order book depth, which made the BTC price extremely sensitive to large sell orders. At the same time, during the key time window, whale wallets carried out large transfers and also engaged in active de-risking,
GateNews1h ago
Bitcoin Price Prediction: BTC CME Gap Near $69,500, Tron Expands USDT Utility, and APEMARS Stage ...
The crypto market is heating up again, are you ready for the next big move? With the latest Bitcoin price prediction signaling potential upside and major ecosystems like Tron expanding utility, investors are actively searching for the next breakout opportunity and the best crypto presale. Timing
BlockChainReporter1h ago
Goldman Sachs Files for Bitcoin Premium Income ETF with SEC
Goldman Sachs has applied to the SEC to launch a Bitcoin Premium Income ETF, marking its entry into the Bitcoin ETF market. This follows Morgan Stanley's recent launch of a similar product, highlighting growth in institutional Bitcoin yield-focused investments.
GateNews5h ago
