Bitcoin Retreat to $84,000 Driven by Structural Market Reversals, NYDIG Analysis Shows
Bitcoin's decline toward $84,000 reflects structural market reversals rather than sentiment shifts, according to NYDIG Global Head of Research Greg Cipolaro. Demand drivers that fueled the 2024–25 rally have reversed, creating capital outflows and weakening liquidity. ETF redemptions, stablecoin supply contraction, and unwinding corporate treasury strategies have collectively removed buy-side support, reinforcing downward momentum despite bitcoin's long-term fundamentals remaining intact.