Bitcoin Is on Track for Its Worst Quarter Since 2018: What Could Happen Next?
Bitcoin faces its steepest quarterly decline since 2018, struggling below $90,000 amid selling pressure and uncertain market direction.Summary
Bitcoin is currently on track for its worst quarterly performance since 2018, having fallen 22.54% so far this quarter, with less than 10 days remaining. The asset has struggled to maintain a foothold above $90,000, facing headwinds from weakening spot ETF inflows and smart-money selling, with current trading around $87,183.
Market experts like Ray Youssef note Bitcoin is range-bound, defending support at $85,000 but facing intense selling pressure near $93,000. He suggests that a decisive break above $93,000 is needed for bullish momentum, while a drop below $85,000 could lead to a correction toward $73,000. Notably, institutional spot ETF holdings have remained relatively stable, suggesting retail investors are driving the recent selling.
Farzam Ehsani, CEO of VALR, attributes the year-end difficulty to seasonal weakness and constrained liquidity, suggesting two possibilities: either large entities are positioning for a major purchase (making the decline artificial), or the market is oversaturated due to macroeconomic factors like Federal Reserve policy. Ehsani forecasts a potential return to all-time highs in the first half of 2026, with prices reaching $100,000 to $120,000 by Q2, dependent on institutional adoption and regulatory clarity.
(Source：BeInCrypto)