Bitcoin recently saw an 8.2% dip after hitting a record high of $99,609, causing $250 million in liquidations. Despite this, the market remains stable, with no signs of panic. Miners have been offloading Bitcoin, but strong institutional demand, like MicroStrategy's $5.4 billion purchase, suggests continued interest. Long-term holders are also selling, echoing past patterns. The price might bottom at $82,500, a typical correction level. Meanwhile, spot ETFs and institutional buying are robust, hinting at solid support. Options markets show neutral sentiment, indicating no imminent bear market.
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