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Jakarta, Pintu News – Bitcoin recently dipped below $90,000, a level it has not touched for the past seven months. This drop has sparked bold statements from crypto executives who see this as an investment opportunity that doesn’t come around all the time.
According to Tom Lee, chairman of BitMine, in an interview with CNBC, the large liquidation on October 10 and uncertainty regarding the US Federal Reserve’s interest rate policy in December have put pressure on the crypto market. Lee pointed out that there are signs of fatigue among sellers and technical analysis suggests that a market bottom may be reached soon.
Also Read: Gold Outperforming Bitcoin? Asset Performance Analysis in 2025
XWIN Research points out that short-term holders have contributed greatly to the recent price drop. The Ratio of Output Gains Spent by Short-term Holders fell below one on several occasions, signaling that many short-term holders are selling at a loss.
Additionally, coins less than three months old dominated the volume spent during the worst downturn, suggesting panic-driven output rather than late-cycle distribution by long-term holders.

Recent reports suggest that outflows from exchange-traded funds (ETFs) and massive whale selling have also contributed to Bitcoin’s price weakness. In addition, heightened geopolitical tensions add another layer of risk. Market participants described Bitcoin as an early player that started to weaken before other risk assets, which some investors took as a warning signal for the broader market.

Lee argues that if the stock market rebounds later in the year, Bitcoin will likely return to reach new peaks before the end of the year. Matt Hougan, another analyst, agrees that a recovery could happen quickly and the current window offers an attractive entry point for investors who plan to hold for 12 months or more.
However, opinions among traders remain divided; some see the latest data as a clear sign of exhaustion, while others warn that macro events and policy decisions could push prices lower before confidence returns.
Also Read: 5 Reasons Solana (SOL) was Scooped Up by Institutions Despite Falling 30%: Whale’s Stealth Strategy?
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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 are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
A1: Bitcoin recently dropped below $90,000, a level it hasn’t touched for the past seven months.
A2: Bitcoin’s price drop was caused by large liquidations on October 10, uncertainty about the US Federal Reserve’s interest rate policy, outflows from ETFs, massive whale selling, and heightened geopolitical tensions.
A3: Yes, technical analysis by some experts suggests that a market bottom may be reached soon, which could lead to a price recovery.
A4: Selling was mainly done by short-term holders, many of whom sold at a loss during the worst periods of price declines.
A5: According to some analysts, the current window offers an attractive entry point for investors who plan to hold Bitcoin for 12 months or more, given the potential for price recovery.
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Kegiatan perdagangan aset crypto dilakukan oleh PT Pintu Kemana Saja, suatu perusahaan Pedagang Aset Keuangan Digital yang berizin dan diawasi oleh Otoritas Jasa Keuangan serta merupakan anggota PT Central Finansial X (CFX) dan PT Kliring Komoditi Indonesia (KKI). Kegiatan perdagangan aset crypto adalah kegiatan berisiko tinggi. PT Pintu Kemana Saja tidak memberikan rekomendasi apa pun mengenai investasi dan/atau produk aset crypto. Pengguna wajib mempelajari secara hati-hati setiap hal yang berkaitan dengan perdagangan aset crypto (termasuk risiko terkait) dan penggunaan aplikasi. Semua keputusan perdagangan aset crypto dan/atau kontrak berjangka atas aset crypto merupakan keputusan mandiri pengguna.