Bitcoin Price Sees 8% Correction, Analyst Highlights Market Resilience

Bitcoin’s price experienced an 8% correction after reaching a new record high of $110,000. However, analysts are optimistic, highlighting past market drawdowns and emphasizing the digital asset’s resilient structure despite the recent decline. The article analyzes exchange data, revealing consistent outflows alongside a series of inflows that coincide with short-term price fluctuations. It also explores the impact on investor sentiment and examines potential future movements.