Analysis: Bitcoin may face a "sharp decline" to test $55,000

SmartContractAuditor · 2026-02-24T19:01:34+00:00

Under the backdrop of capital outflows and increasing macro risks, the crypto market may face a sharp decline. Analysts point out that Bitcoin has entered a downtrend cycle, with prices expected to fall to the $53,000 to $55,000 range. The trend of institutional de-risking is evident, and market confidence has weakened.

SmartContractAuditor

2026-02-24 19:01:34

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Odaily Planet Daily reports that under the ongoing capital outflows and macroeconomic risks, the crypto market may experience more severe declines. Analyst Samer Hasn pointed out that Bitcoin has ended its previous consolidation phase and entered a new downtrend cycle. Uncertainty around tariffs and tightening liquidity form a “toxic combination” that is accelerating capital withdrawal from the crypto market. If selling pressure continues, Bitcoin may face a “sharp dip,” with prices potentially falling to the $53,000 to $55,000 range. Additionally, on-chain data shows that US spot ETFs have reduced their holdings by about 100,000 BTC since the peak cycle in October last year, reflecting an institutional de-risking trend. The number of active addresses has fallen below normal levels, indicating ongoing capital contraction. Unrealized losses dominate, showing weakened market confidence and participation. (The Block)

BTC2,71%

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