Zense

#Gate2025AnnualReportComing
The current financial market shows contrasting dynamics. In the crypto sector, Bitcoin (BTC) is experiencing correction pressure in the range of $87,000-$88,000, lagging behind physical gold which is setting new all-time highs as the main (safe haven) asset. Market sentiment in cryptocurrencies tends to be bearish due to institutional fund outflows and regulatory uncertainties.
Meanwhile, the global stock market (like the S&P 500) remains quite resilient, but the domestic market (IHSG) is actually weakening and vulnerable to corrections at the 8,500 level. Overall,

Based on the market situation at the end of 2025 (currently), here are simple reasons why Bitcoin (BTC) tends to be bearish or experiencing a decline:
1. Sell Action "Whales" (Whales) & Institutions
The most fundamental reason is that supply is greater than demand. On-chain data shows that large holders (whales) and long-term investors (Long-Term Holders) are beginning to offload their holdings to take profits (profit taking) after the price briefly touched the highest level (ATH) in the middle of the year. When the "big players" sell, prices tend to drop.
2. ETF Outflows (ETF Outflows)
The Bi

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