Bitcoin’s Post-ATH Struggles: Slow Climb Back Expected
Bitcoin’s recent price dip, amid growing macroeconomic concerns, may not lead to an immediate surge back to its January peak of $109,000, according to a market analyst.
The analyst, XBTManager from CryptoQuant, believes that the cryptocurrency is currently in a pullback phase after hitting its all-time high and is likely to remain in consolidation mode for an extended period due to liquidity constraints.
XBTManager suggests that Bitcoin’s long positions will only become viable once long-term holders begin to buy again, especially after short-term holders start to sell. For now, they caution traders to be cautious and avoid high-risk trades over the coming months.
Looking back at the events surrounding Bitcoin’s surge to $109,000 in January, XBTManager pointed out that a shift occurred in the market. Short-term holders began increasing their supply while long-term holders started selling off their holdings, contributing to a drop in long-term holder supply.
READ MORE: Dogecoin (DOGE) Eyes Major Rally as Whales Accumulate
This trend continued throughout the year, with significant decreases in long-term holder supply, particularly around the $100,000 mark in December.
Bitcoin’s price recently dipped below $100,000 once again in February, amid concerns of a potential trade war and new US tariffs under the Trump administration. This uncertainty caused Bitcoin to fall even further to the $85,000 range, with fears exacerbated by broader market conditions. As of the latest market data, Bitcoin is priced around $87,100.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
