Bitcoin and Altcoins at Risk

Bitcoin and altcoins remain at risk in the short term due to macroeconomic and global concerns, according to Santiment.

Crypto investors should brace for more turbulence ahead, as major selling pressure from large Bitcoin (BTC) holders has pushed prices down for seven consecutive weeks. In a March 11 research report, Santiment noted that Bitcoin dropped from its all-time high of around $109,000 on January 19 to a low of $78,000. The decline appears to be triggered by profit-taking by key stakeholders.

> “[…] when key stakeholders finally began to take profit on February 19, 2025, prices immediately faced much steeper drop-offs. It is especially interesting to see that prices have continued to plummet (falling back to a low of $78K today) even after these high capital BTC wallets began to buy back in one week ago on March 3, 2025.”
> — Santiment

Market Sentiment and Macroeconomic Concerns

Retail investors are showing little enthusiasm, as the recent Crypto Summit failed to spark a rally. Macroeconomic concerns, including trade tensions linked to U.S. policies, are adding to market uncertainty. Santiment suggests that we may see further turbulence due to fears surrounding Trump’s tariffs and a potential growing trade war.

Price Expectations and Altcoins Performance

Social media mentions indicate that the public expects Bitcoin to drop to the range of $69,000-$50,000, as conversations about these price points have surged amidst falling prices. Altcoins have taken greater hits than Bitcoin, with Ethereum (ETH) down 29%, Solana (SOL) by 40%, and Dogecoin (DOGE) 38% over the past 30 days.

Despite the downturn, Santiment sees signs that long-term holders are accumulating again. Analysts believe that market recovery might begin when major Bitcoin holders start buying back in, especially as traders face heavy losses and fear and uncertainty spread widely on social media.

Related Reading

Analysis: Why has Bitcoin lost nearly 30% in 7 weeks since its $109K all-time high?