Bitcoin Correction After A Record High : What's Next ?

Bitcoin has recently touched an historic high flirting with $100,000, a symbolic psychological threshold for investors. However, a brutal drop of 8.2 % has temporarily shattered this momentum, raising doubts about the ability of the “bulls” to maintain their dominance.

A correction that intrigues, but does not panic

In recent days, Bitcoin has dropped by 8.2 %. It went from a peak of $99,609 to lower levels. This correction has led to massive liquidations of long positions totaling $250 million on the derivatives markets, according to data from CoinGlass. Despite the scale of these liquidations, no panic signals have been detected in key metrics. On the contrary, the market seems to exhibit unusual resilience, representing a simple pause after a spectacular rise of 22.6 % in just a few days.

Attention has also turned to miner activity, often seen as important market barometers. Indeed, Glassnode data indicates that these strategic players have sold about 2,500 BTC per day, amounting to an approximate value of $231 million. While some see this as selling pressure that may have contributed to the correction, others point out that this factor remains marginal compared to much larger incoming flows, notably via American Bitcoin ETFs, which have recorded average inflows of $670 million per day.

The shadow of institutions and bullish prospects

While the recent correction has raised questions, institutional interest in Bitcoin remains a major support pillar. MicroStrategy, a pioneering company in Bitcoin adoption, has announced the acquisition of $5.4 billion in BTC, confirming its aggressive investment strategy. Thus, this institutional appetite has also been reinforced by other major players, such as Marathon Digital, whose strategic moves in the ecosystem highlight a growing adoption among large companies.

Contrary to some pessimistic forecasts, on-chain signals and derivative data do not point to a trend reversal. Bitcoin options, traditionally used as market sentiment barometers, reveal a balance between selling and buying positions. This return to neutrality could reflect healthy consolidation rather than a sign of weakness.

The future prospects remain nuanced. While some observers estimate that Bitcoin could find durable support around $82,500, others mention the possibility of a quick rebound if institutional flows and general adoption maintain. With players such as MetaPlanet and Semler Scientific strengthening their positions, it is clear that the $100,000 threshold remains a credible target in the medium term, despite current turbulence.

The recent events surrounding Bitcoin illustrate how volatile this market remains, yet anchored in solid fundamentals. If the race to $100,000 is temporarily put on hold, the signals of resilience and institutional confidence suggest a potential for continued growth. The question may not be whether Bitcoin will reach this threshold, but when.