What's Driving Bitcoin's Dip Below $100,000?
Bitcoin fell below the $100,000 mark on Thursday as a broader risk-off mood prompted investors to step back from speculative positions. Market participants point to waning demand and heavier selling from long-term holders as primary drivers, a dynamic that has amplified downside pressure despite intermittent buying by shorter-term traders.
The move matters because a breach of this psychological level can tighten liquidity and boost volatility in derivatives and spot markets, reducing momentum for fresh inflows. Traders and institutions will be watching on-chain signals, funding rates and macro data for signs of stabilization; if long-term holder distribution persists, recovery could be slower and could ripple into altcoins and risk assets more broadly.