Bitcoin has pulled back sharply from recent highs, falling to the $77,000 range after failing to hold momentum toward $100,000. The correction follows months of post-election optimism and renewed volatility across crypto markets.
Despite the drop, major Wall Street firms remain optimistic. JPMorgan analysts describe the move as a healthy correction, not a trend reversal, while Fundstrat’s Tom Lee maintains a six-figure outlook. ARK Invest’s Cathie Wood continues to argue Bitcoin’s long-term role as a hedge against currency debasement.
However, on-chain data signals caution. CryptoQuant CEO Ki Young Ju notes slowing capital inflows and weaker realized cap growth, suggesting the rally lacks fresh demand. Analysts warn that without new liquidity, Bitcoin’s path higher could remain uneven in the near term.
