Bitcoin ETFs Under Stress, Options Data Project Tough Recovery

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With the entire crypto market facing another crossroads, the post-Bitcoin Halving days in 2024 are witnessing an increase in volatility. As the bearish sentiments are slowly taking over the market, the sudden spikes in some altcoins reflect an underlying bullish stand. 

As the general market anticipates Bitcoin price prediction of $100,000 in 2024, the 7D post-halving return shows minimal upside. This is because of the recent 3.52% setback on Wednesday, 24th April.

With the crypto market standing at a crossroads, the buyers are struggling to take a bullish turn. Will the markets bounce back, or is a crash under $60,000 for Bitcoin inevitable? Let’s find out more in our market analysis report below. 

Being the trendsetter in the crypto market, the biggest crypto, Bitcoin, sets the tone for the majority. With a market cap of $1.268 Trillion and a 9.44% drop in the last 30 days, the biggest crypto is on a downhill. 

Further, Since the start of the year, there has been notable panic selling on the Binance and OKX exchanges, where 5,137 bitcoins have been sold at a loss. This reflects investors’ quick reactions to sell off their holdings and a rise in FUD. 

Since the beginning of the year, panic sellers on the Binance and OKX exchanges have sold 5,137 BTC at a loss.

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