Analysis Company Warns! Bitcoin (BTC) Has Entered Another Downtrend! Here’s Why

Bitcoin ($BTC) and altcoins fell yesterday following US President Donald Trump’s threat against Iran. $BTC dropped to around $67,000, while altcoins like Ethereum (ETH), Solana (SOL), and XRP also experienced significant declines.

At this point, recent analyses indicate that the market structure is shifting towards a bearish trend, with Bitcoin falling below $69,000 this week after rising to $76,000 last week.

In its latest analysis, the crypto analytics platform 10X Research stated that Bitcoin has fallen below the key $69,000 level, indicating a significant shift in market structure and clear signs that investors are adjusting their positions.

“Bitcoin has fallen below the $69,000 level. A drop below this price level is not just a fluctuation, it signals a shift in market positioning.”

Analysts added that futures traders were closing their long positions and that the funding rate had become quite negative.

Furthermore, in options markets, capital flows have clearly shifted towards downward hedging. Analysts noted that expectations of exceeding the $75,000 level in the current market have significantly decreased, and that derivatives market investors who react more quickly have already adjusted their positions.

At this point, 10X Research notes that with the intensification of bearish signals in the derivatives market, a break below key support levels in the short term could accelerate the downtrend.

Analysts also pointed to the macroeconomic environment as a burden for Bitcoin. At this point, analysts noted that although the market has begun to partially reflect the possibility of interest rate hikes, the Fed still maintains a stance leaning towards interest rate cuts. This widens the gap between policy expectations and the actual direction.

*This is not investment advice.