Bitcoin Faces Potential Market Correction Without New All-Time Highs
- Veteran analyst Willy Woo warns of a possible Bitcoin market correction if new all-time highs are not achieved soon.
- The Bitcoin Risk Signal indicates a bullish trend, suggesting potential for new highs this week.
- Bitcoin’s spent output profit ratio (SOPR) shows investors holding substantial profits, increasing the likelihood of sell-offs during downturns.
- Capital inflows into Bitcoin have slowed, with recent buying activity unusually flat after a significant price run from $75,000 to $112,000.
- Bitcoin is currently trading at $107,948, down 1.1% in the last 24 hours.
Analyst Willy Woo highlights the need for Bitcoin to reach new all-time highs to avoid a bearish market shift. Despite bullish signals, investor profits and slowed buying could lead to increased sell-offs if prices dip further.
Source (2.6)https://dailyhodl.com/2025/05/29/another-wave-of-bitcoin-btc-selloffs-incoming-if-this-happens-warns-analyst-willy-woo/?rand=59076
