BTC/USDT is indeed experiencing a downturn. As of today, Bitcoin's price has dropped below $96,000, with a 5.17% decline in the last 24 hours ¹. This downward trend is attributed to increased selling pressure, with CryptoQuant's hourly Net Taker Volume on Binance turning sharply negative, reaching a peak of -$325 million ².
The current market sentiment is bearish, with some analysts predicting a further decline to around $88,000 ². However, others remain optimistic, citing solid demand behind the scenes, which could lead to a rebound by the end of the week ².Here are some key statistics to keep in mind:
- Current Price: around $95,800 ¹
- 24-hour Low: $95,230.55 ³