$BTC The dynamics of recent days demonstrate a gradual weakening of buying activity and Bitcoin's inability to quickly recover lost levels. Pressure on the market is exerted by profit-taking from large participants, a decrease in interest in risk assets amid a strengthening dollar, as well as uncertainty surrounding the further policy of the US Federal Reserve and the pro-inflationary state of the global economy.

At the same time, market support continues to be provided by institutional investments through ETFs, the limited supply of coins after the halving, and the high long-term interest from large holders. "That is why the decline has not yet taken on a panicked character."