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

Jakarta, Pintu News – In the past seven weeks, the price of Bitcoin BTC1.45%->Current BTC PriceRp 1.391.535.3421.45%Market CapRp 33.034 TriliunTrading VolumeRp 1.590 TriliunCirculating SupplyRp 19.797.675 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 ETH2.96%->Current ETH PriceRp 32.609.0052.96%Market Cap-Trading Volume-Circulating Supply- fell by 29%, while Solana SOL4.19%->Current SOL PriceRp 2.114.5364.19%Market Cap-Trading Volume-Circulating Supply- and Dogecoin DOGE2.81%->Current DOGE PriceRp 2.7982.81%Market Cap-Trading Volume-Circulating Supply- experienced more severe declines of 40% and 38%, respectively.

Check out the full news here!

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.

Read also: Zero Hash Expands Services with the Addition of PayPal USD

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.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News for the latest updates on crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*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.

Reference

• Crypto News. Analysis: Bitcoin Price Retracement from All-Time High in 2025. Accessed on March 12, 2025
• Featured Image: Generated by Ai