The sentiment in the Bitcoin market has changed drastically, and the risk of market pullback has intensified!

Recently, the sentiment in the Bitcoin market has sharply declined, with prices approaching the key support level of $92,000. Although the decline in Bitcoin is relatively mild, the altcoin market has been severely impacted.

CryptoQuant analysts point out that the gap between Bitcoin and Coinbase premiums has widened, indicating a surge in selling activity since October 26.

Market sentiment has turned pessimistic, and investors are withdrawing funds. The future of the market remains uncertain, with some analysts believing that Bitcoin still has potential for growth. As prices approach the support level, the coming days will determine whether Bitcoin rebounds or continues to pull back.