As per 36 Crypto, Bitcoin has fallen 12.25% amid ongoing profit-taking and market volatility. CryptoQuant CEO Ki Young Ju notes the market is in a typical profit-taking phase, with many investors selling to lock in gains. This has increased downward pressure on prices, with the PnL Index showing many holders in profit. Bitcoin’s RSI has entered oversold territory, suggesting further declines to $78,000 are possible. Analysts like Raoul Pal suggest a recovery is likely but depend on macro liquidity to reverse the trend.
Bitcoin Drops 12.25% Amid Profit-Taking and Market Volatility
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