BTC fell below $90,000 again, will the bull market bottom out or turn bearish?
BTC lost $90,000 again after 43 days, and market sentiment fell into an unprecedented trough. After half a year, the Fear and Greed Index fell into the fear range again and was close to the stage of extreme fear.
There is a lack of real main line in the market. For altcoins, although the AI Agent rebounds very strongly and often doubles when BTC rebounds, its overall performance still shows a gradual decline and its performance is not good. Many AI Agent tokens have been "halved" or even "knee-cut" since Binance was launched.
For BTC, there is no real benefit to the Trump government. After the WLFI fund was exposed to a scandal of conspiring to make a market with the project party, there is no strong evidence to refute it. The WLFI fund has not made any purchases in the past two weeks. Eric Trump secretly shipped ETH after making a speech on social media, which is more like a sedan chair hustle-time call. Regarding BTC strategic reserves, state governments have rejected them one after another, and the federal government has also dragged them down again and again.
For other altcoins, it is even more negative. The former Web3 idea made the token of the same name come out of the circle to attract Web2 liquidity, MOODENG and PEPE, which now have allowed Web2 celebrities to issue tokens of the same name on Web3 to absorb the liquidity of Web3. Mile's call for orders Libra has revealed the black transaction between market makers and DEXs. The entire industry seems to have become a dark forest of guns held by project parties and celebrities.
On-chain trading continues to be sluggish, Pump.fun's handling fees have fallen by nearly 90% to their highs, CEX lacks the main line, BTC fluctuates and falls, ETH and SOL trends are close to "jumping off the building", and the decline has exceeded all gains since October. The contract liquidation data is even more tragic.
The total market value of the cryptocurrency market continued to fluctuate and fell, falling to nearly $1.00 billion to its high, a 25% drop. There have been many bull markets on social media and the whole industry has come to an end. Will the market really be so pessimistic? Or is this just a mistaken kill caused by market sentiment, which caused by the fall. Let's take a look at the traders' views.
