Bitcoin Slides 3.7% in New York Session, Putting BTC on Track for Fourth Straight Annual Loss

On-chain data indicates Bitcoin is on track for its fourth consecutive annual decline. A sharp selloff during Monday’s New York session pushed the price down 3.7%, extending the year-to-date slide to 7%. Analysts at Apollo Crypto and STS Digital highlight weak follow-through, ETF outflows, and a prolonged consolidation between $70,000 and $100,000.