Bitcoin has failed to break through $92,000 in the past month and is now hovering below $90,000. Traders have differing opinions on the reasons for its price decline, with analysis suggesting that the Federal Reserve's reduction of its balance sheet is the main factor, leading to decreased market liquidity. In the short term, Bitcoin is unlikely to experience a significant rebound.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Bitcoin has failed to break through $92,000 in the past month and is now hovering below $90,000. Traders have differing opinions on the reasons for its price decline, with analysis suggesting that the Federal Reserve's reduction of its balance sheet is the main factor, leading to decreased market liquidity. In the short term, Bitcoin is unlikely to experience a significant rebound.