Bitcoin News Today: Bitcoin Plunges 36%—Is This a Fresh Start or the Beginning of a Steeper Decline?
- Anthony Pompliano calls Bitcoin's 36% drop a "healthy reset," citing historical volatility and rare Fear & Greed Index levels as signs of market capitulation. - Institutional buyers like El Salvador and MicroStrategy continue accumulating BTC despite ETF outflows, with total holdings reaching $688M and 8,178 BTC respectively. - Macroeconomic risks persist due to Fed uncertainty and government shutdown, yet Pompliano forecasts 20-35% annual returns for Bitcoin over the next decade. - Technical analysis hi
Bitcoin’s recent 36% decline has reignited discussions about the digital asset’s future, but Anthony Pompliano, founder of Professional Capital Management, remains undeterred. Speaking with CNBC and other media, Pompliano described the pullback as a “healthy correction” rather than the start of a lengthy downturn,
Pompliano pointed out that
The analyst also noted that lower leverage in the market suggests a reduced risk of further forced liquidations.
Although individual investors have been pulling money from Bitcoin ETFs, institutional players are still buying.
The ETF market, however, remains unsettled.
Beyond market trends, broader economic forces are at play.
From a technical perspective, Bitcoin is approaching key support at $89,400 and $82,400,
Pompliano’s optimistic outlook highlights a key point: Bitcoin’s volatility, though intimidating for traditional investors, is central to its appeal. “Bitcoin will remain unrivaled and continue to lead the crypto market,” he said,
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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