Why Bitcoin (BTC) Price Stalled After 30% Drop From All-Time High: Key Reasons

The Bitcoin (BTC) price has entered a consolidation phase following a significant correction that saw it fall approximately 30% from its recent all-time high. Market analysts point to several key factors for this stagnation. Primarily, substantial selling pressure from long-term holders and profit-taking after the historic peak has created a strong resistance level. Concurrently, outflows from major Bitcoin ETFs have reduced institutional buying support, impacting momentum. Additionally, a shift in broader market risk sentiment and anticipation of macroeconomic data have prompted caution among traders. This period of sideways movement is seen by many as a necessary consolidation, allowing the market to absorb the previous rally and establish a new foundation for potential future growth. The current support zone is being closely watched to determine the next major directional move for the leading cryptocurrency.