According to ChainCatcher, FxPro chief market analyst Alex Kuptsikevich pointed out that the recent deep correction of Bitcoin may be due to the easing of geopolitical tensions between Lebanon and Israel, which weakened the demand for safe-haven assets.
Matt Mena, crypto research strategist at 21Shares, said that Bitcoin's behavior of pulling back from highs has happened before. In March of this year, when Bitcoin was close to its 2021 all-time high of $69,000, a similar pattern occurred, and many participants began to take profits, anticipating a possible pullback.
