Yesterday, the Bitcoin market experienced significant volatility. Due to the expiry of $14.5 billion in options, the market amplitude reached $3,000, with prices rapidly dropping from $97,500 to $93,500.

Analyst Ali issued a warning that if the price falls below $92,730, it will be an extremely unfavorable signal, potentially triggering panic selling that could drive the Bitcoin price back down to the $70,000 range.

However, from a historical perspective, pullbacks during bullish market cycles are normal. This pullback is approximately between 20% and 32%, with an average of 24.4%, which is relatively mild.

On the other hand, political turmoil in South Korea and the depreciation of the Korean won have led to an increase in kimchi premium, prompting investors to flock to the Bitcoin and USDT markets for value preservation. Musk has also issued a warning regarding the U.S. debt crisis and called for Bitcoin to be included in strategic reserves. Japan is also considering this move, but is cautious and will closely monitor U.S. actions.

If the U.S. takes action first, major global economic powers may follow suit, which would further enhance Bitcoin's influence.

Although Bitcoin may continue to pull back in the short term, this is seen as a healthy adjustment in a bull market and does not affect its long-term upward trend. Investors should remain calm; if the pullback occurs, it will be an excellent buying opportunity, so do not miss out.

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