Bitcoin has experienced a significant pullback, dropping 15% from its historical high of $108,300. This price decline marks a sharp shift in market sentiment, which has quickly transitioned from extreme bullishness to uncertainty and caution. As altcoins have been severely impacted, Bitcoin's pullback has raised concerns about the sustainability of the recent upward trend. Top analyst Maartunn recently emphasized that this adjustment coincides with the most severe sell-off activity on Coinbase since October 26, when BTC was trading at $66,000. The increased selling pressure clearly indicates a shift in the market from a bullish environment to one filled with fear and hesitation. The combination of reduced buying activity and rising selling pressure suggests that the market is struggling to maintain its upward momentum. Additionally, Bitcoin is currently testing the $92,000 level in search of support. (Bitcoinist)

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