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Bitcoin’s price fell by 6.33% in 7 days as profit margins shrank across the board Cryptocurrency must hold above $100k to restore market confidence Over the past week, Bitcoin [BTC] has struggled to reclaim and hold its levels above $100k on the charts. This market weakness is a sign of growing market indifference, with sellers strategically entering the market to take profits or sell to avoid further losses. In fact, at the time of writing, BTC was trading below $100k for the 4th consecutive day – For the first time in 2025. Thanks to these market conditions, many have been left talking. One such person is CryptoQuant’s Crazzy, with the analyst recently highlighting how important the aforementioned level is for the world’s largest cryptocurrency. Why Bitcoin must hold above $100k According to CryptoQuant, the $100k price level is currently more important than ever. Its significance arises from short-term holder’s need to become profitable. Source: CryptoQuant New investors holding BTC for less than a month are currently operating at a 3% loss. Also, those holding Bitcoin for less than 6 months have seen their profit margins shrink from 30% in November 2024 to 7% at press time. Although the drop offers opportunities for new buyers to r-enter the market and those considering DCS, BTC needs to hold above $100k to restore market confidence. If Bitcoin remains below $100k, investors will see more losses, resulting in reduced investor sentiment. Especially for STHs, leading to panic selling. For BTC, $100k is not only a psychological level but it is key to avoiding capitulation as market confidence depends on it. Here, it’s worth noting that a failure to hold these levels would result in prolonged stagnation and even more losses in the short term. Can it recover to reclaim these levels? Although Bitcoin has…

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Filed under: News - @ February 8, 2025 9:10 pm