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CryptoQuant: Bitcoin may fall to $72,000 by the end of the year.
According to ChainCatcher news and reports from The Block, Julio Moreno, research director at on-chain analysis company CryptoQuant, stated that if Bitcoin fails to hold the $100,000 support level, the price could fall to $72,000 within 1-2 months. Currently, Bitcoin has fallen below $100,000, trading at around $100,800, with a drop of over 5.2% in the last 24 hours. Since the largest liquidation event in crypto history on October 10 (over $20 billion in leveraged positions were liquidated), market demand has continued to shrink, with negative fund flows for US ETFs, leading to a bearish overall market sentiment. Despite short-term pressures, analysts believe that the long-term trends of ETF inflows and institutional adoption remain strong.