Bitcoin Hit by U.S. Selling Pressure: Analysts Predict Further Correction

Bitcoin has experienced a steep decline following its descent below $110,000, prompting analysts to warn of sustained price weakness in the short term. The selling pressure originates from aggressive moves by American investors, highlighted by a widening “Coinbase Premium Gap,” suggesting significant U.S. capital is flowing out of Bitcoin compared to other regions. Crypto analyst Crypto Rover observed this pattern during November 2024, following a similar downturn that ultimately led to a substantial rally in the same year.