Why has Bitcoin (BTC) Plummeted Almost 30% in the Last 7 Weeks?

Updated

March 12, 2025

Gambar Why has Bitcoin (BTC) Plummeted Almost 30% in the Last 7 Weeks?

Jakarta, Pintu News – In the past seven weeks, the price of Bitcoin has experienced a significant decline, falling from a peak of $109,000 in January to just around $77,000 on March 11.

This drop reflects a loss of almost 30% of Bitcoin’s (BTC) value and also affects the crypto market as a whole.

Ethereum fell by 29%, while Solana and Dogecoin experienced more severe declines of 40% and 38%, respectively.

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Main Causes of Decline

A market intelligence platform, Santiment, reported on March 11 showed that the Bitcoin (BTC) price decline began when key shareholders started taking profits in mid-February, triggering a wave of selling.

From February 20 to March 8, 22,702 BTC (nearly $1.8 billion at current rates) was moved from private wallets to exchanges.

This suggests that investors are preparing to sell, which increases selling pressure. At the same time, whale accumulation, which previously supported Bitcoin’s (BTC) price rise after Trump’s election, slowed down significantly after his inauguration.

Institutional buyers who had bought BTC aggressively between November and January started reducing their exposure in February. Although some of these well-capitalized investors resumed buying on March 3, the market has yet to significantly rebound.

Impact of Investor Sentiment and External Factors

Changes in investor sentiment also contributed to the price drop. Social media data shows an increasing number of bearish Bitcoin (BTC) price projections, and many retail investors who entered the market in late 2024 are selling at a loss.

According to Santiment’s study, the average loss for short-term Bitcoin (BTC) traders is currently -11%, while long-term holders have lost -5% in the past 12 months. In addition to internal market factors, macroeconomic uncertainty also pressures cryptocurrencies.

Investors are still worried about Trump’s new tariff policies and the possible worsening of the trade war, which will lead to more volatility for digital asset markets. While the administration’s pro-crypto stance initially fueled excitement, concerns about how quickly policy and regulatory implementation can happen have dampened expectations.

Also read: Marjorie Taylor Greene Invests in Bitcoin as US Drafts National Strategy!

Future Predictions and Strategies

As of March 11, Bitcoin (BTC) ‘s price was around $77,200, down 4% from the previous day. Arthur Hayes, co-founder of BitMEX, believes that Bitcoin (BTC) might drop to around $70,000, a 36% correction from its peak and in line with previous bull market retracements.

Hayes pointed out that monetary easing by central banks such as the Federal Reserve, PBOC, ECB, and BOJ will likely come after further US stock indices such as the S&P 500 and Nasdaq declines.

Many risk-averse investors will probably wait for help from central banks to prevent prolonged sideways movements and unrealized losses. However, Hayes advises traders to consider buying on dips.

Conclusion

With various market factors, investors and traders must remain vigilant and consider all aspects before making investment decisions. Understanding the current market dynamics and factors affecting price fluctuations will be key in navigating this volatile market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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