Is Bitcoin in a Macro Bear Market? Analysts Weigh Drop Below $100K
Bitcoin fell more than 2% on Thursday, breaching the psychological $100,000 mark and touching an intraday low near $98,200 before recovering to about $98,400 during mid‑North American trade. The break under that round number rattled sentiment among traders who view $100k as a key confidence threshold, triggering fresh debate over market direction.
Analysts are split on the implications. Some warn that a sustained inability to reclaim $100k — especially alongside weaker macro data or diminished institutional flows — would reinforce a macro bear narrative and could trigger liquidations in leveraged positions. Others see the move as a technical pullback within a broader range and say on‑chain metrics and ETF flows will be decisive. For investors the near-term watch is simple: can BTC hold or retake $100k in coming sessions, and how do macro indicators and institutional demand evolve?