The cryptocurrency market is currently experiencing significant downward pressure on Bitcoin, a trend corroborated by recent analyses from newsbtc. Institutional players are reportedly employing a distinct trading strategy, actively seeking out low-volume nodes (LVNs) to facilitate substantial positions with minimal slippage. This strategic accumulation in thinly traded areas is viewed by analysts as a precursor to potential price retracement, especially if BTC struggles to sustain bullish momentum despite increasing transaction volume. Warnings suggest that a decisive failure for BTC to reclaim the $114,000 monthly open could trigger a fall below $100,000, with subsequent targets potentially reaching the $50,000 to $60,000 range if crucial Volume Area Lows (VALs) are not re-established.

Further compounding this bearish outlook, Bitcoin's recent breach of the $100,000 threshold has been attributed to a combination of selling pressure from exchange-traded funds (ETFs) and large-scale investors, or 'whales,' leading to widespread investor fear and capitulation. Elliott Wave Analysis lends additional credence to a deeper corrective phase, predicting that Wave (C) could drive the price down to the $70,000-$75,000 range, implying an additional 30% decline from current levels. While a substantial rally is anticipated following the completion of this corrective period, the immediate forecast remains predominantly negative. The market sentiment is also heavily influenced by the 'October Leverage Bloodbath,' which severely impacted confidence and stifled new demand, leaving sentiment 'shell-shocked' despite the underlying fundamentals of Bitcoin being considered relatively sound. This precarious situation for Bitcoin is mirrored in the broader altcoin market, with analysts cautioning that these assets are likely to continue setting new lows unless significant fresh liquidity is injected, drawing parallels to historical market behaviors during periods of quantitative tightening.