Bitcoin 
$78,815 started the week on a negative note and continues its downward trend today. As this article is being prepared, the price stands at $94,280, while altcoins are experiencing losses exceeding 5%. The only silver lining for long-time holders is the quicker price drop of SOL Coin compared to others. The narrative surrounding cryptocurrencies has shifted, moving away from pump-and-dump schemes that have generated countless worthless tokens. What do experts say about the ongoing cryptocurrency decline?
Cryptocurrency Market Overview
Despite a lack of significant negativity in the U.S. markets today, BTC is incurring larger losses. While BTC was heading towards $108,000, its sudden reversal has similarly yielded no positive outcomes for altcoins.
The correlation between the SP500 and BTC has diminished, with many indicators suggesting that a bullish trend should begin in the cryptocurrency space. However, BTC has become highly susceptible to even minor macroeconomic developments, primarily due to a lack of trading volume. One contributing factor to this low volume is the excessive gambling-like activity on the Solana 
$87 network.
Experts’ Perspectives on Bitcoin
In a prior assessment, Stockmoney Lizards indicated that if long positions are liquidated, BTC could revisit levels below $95,000. Should the current trend persist, we may also see the loss of the $94,000 mark.
“As previously mentioned, the initial portion of liquidity below $95,000 has been taken. However, it appears likely that we will need to descend further to extract liquidity in the red box below.”
Bitcoin could drop as low as $92,000. In today’s evaluation, Kyle highlighted the short-term SOPR data, indicating a crucial support point.
“The short-term SOPR fluctuates just below 1, between 0.97 and 0.99 – not a great spot if you’re over-leveraged. The $92,000 level is key support for BTC, while the true safety net lies around $80,000-$89,000 near the EMA 200. It wouldn’t be surprising to see some false breakouts shake up breakout traders before real movement begins.”
In approximately three hours, Trump will sign new executive orders, and the Fed minutes will be released. There are numerous potential triggers for a BTC decline. Therefore, it may be beneficial for traders to remain cautious.
If cryptocurrencies recover and yield profits soon, no one can claim you were merely lucky. Today can serve as an example of how challenging gains in crypto can be.
