Grandes bancos de Wall Street manifestam-se: a correção do Bitcoin é uma ajustamento, não um inverno, estes vários fatores de curto prazo estão a afetar

【区块律动】Recent Bitcoin price retracements have caused concern for many, but a recent report from a major Wall Street firm has provided reassurance to the market—this decline is not a sign of an impending crypto winter, but rather a “healthy correction.”

They broke down several short-term factors behind this sell-off. First, there was capital outflow from ETFs, mainly related to delta-neutral trading position closures. Then, leveraged long positions were liquidated and sold off aggressively, a chain reaction that everyone understands. Additionally, liquidity was already tight at the end of the year, and market depth was insufficient, naturally amplifying volatility. Most importantly, with the Federal Reserve’s upcoming FOMC meeting, the macro environment remains weak, prompting investors to stay cautious.

However, the report emphasizes one point: these are surface phenomena; the underlying demand in the crypto market has not collapsed. Institutional capital continues to flow in, progress in on-chain assets in the real world is ongoing, and the tokenization trend remains hot.

Their conclusion is clear—this is a phase of adjustment, with no structural issues in the market, far from a return to a bear market. In fact, this could be an opportunity window for observing entry points.