In accordance with Bitjie.com, Bitcoin's price has dropped below $102,000 for the first time in five months, with Bitwise CIO Matt Hougan attributing the decline to panic rather than fundamental issues. Retail investors are in 'extreme despair' after months of losses and liquidations, while institutional flows remain positive through Bitcoin ETFs like iShares Bitcoin Trust (IBIT), Fidelity Wise Origin Bitcoin Fund (FBTC), and Grayscale Bitcoin Trust (GBTC). Hougan noted that the contrast between retail fear and institutional confidence could shape the market's recovery. Meanwhile, Bitwise's Solana staking ETF (BSOL) attracted over $400 million in its first week, though it later declined nearly 20%.
Bitcoin Price Falls Below $102,000 Amid Retail Panic, Institutional Confidence Remains
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